DAILY BRIEF: Jul 18, 2019

NEWS YOU SHOULDN’T MISS

• 1

  A Startup that Streams Video Games is China's Biggest Wall Street IPO This Year

  The company said in a statement that it expected to raise about $775 million through the share sale, making it the largest initial public offering by a Chinese firm in the United States so far this year, according to data from Dealogic and Refinitiv. CNN

• 2

  Box Office: 'The Lion King' Dethroned Early in China

  Before Disney's CGI remake could reach its second weekend in the massive Chinese market, a local family film opened Thursday to rave reviews and began dominating ticket sales. The Hollywood Reporter

• 3

  STX Tries to Put Flops Behind It as It Searches for Star Executive, Fresh Capital

  After a series of film flops and an aborted initial public offering, STX Entertainment is battling mounting skepticism that it can survive in an increasingly unforgiving movie business. Variety

• 4

  After conquering short-video market, Kuaishou guns for China’s gamers with promise of ‘support’

  The Tencent-backed start-up plans support to about 1 million video game broadcasters on its platform. Kuaishou estimates it has 35 million daily active users on its Twitch-like service, more than those on rivals Huya and DouYu South China Morning Post

• 5

  Canceled Chinese TV Drama Gets Second Chance: Novoland Is Here!

  The Chinese fantasy drama Novoland: Eagle Flag is one of the most-anticipated series of the year. After the show was suddenly canceled twenty minutes ahead of its premiere in early June, it was announced on July 16 that it will broadcast anyway. What's on Weibo