Beijing Enlight Media Rewards Senior Executives With Bonuses Over 24.5 Million Yuan
The top-tier Chinese film company Beijing Enlight Media recently published its 2019 financial report. Based on this report, the company have offered its senior executives a handsome bonus package that amounts to 24.5 million yuan in sum. Owing to the phenomenal success of its animation film “Ne Zha” in the summer of 2019, and the residual return earned from selling its fully owned company New Classic Media in 2018, Enlight Media has managed to deliver a very profitable business year in 2019. Read more on Truth-Be-Told-
Mango TV, Breaking In the Video Streaming Competition
The video streaming industry in China has long been controlled by the “big three”—iQiyi, Tencent Video, and Youku, but the current status quo of the industry is believed to be changing soon as more and more players have entered the competition. Besides young people’s favorite Bilibili, Mango TV has also managed to realize fast growth over the past two years. In 2017, it became the first company to make profit among all the players. What has Mango TV done right to become successful? Read more on endata 2019.