Sina Corp., Owner of China’s Largest Social Media Platform Weibo, Receives Go-private Proposal
After 20 years on Nasdaq, China’s Sina Corporation is planning to delist from the US stock exchange amid the growing US-China tension. The company has received a go-private proposal from an entity led by the company’s chairman and CEO Charles Chao. The offer represents a 20 percent premium on the average closing price of ordinary shares during the last 30 trading days. Shares in Sina jumped 10.55 percent in regular trading on Monday following the news. Delisting from U.S. exchange has become a trend recently in the Chinese Internet sector. Read more Entertainment Capital
Two Film Projects Announcements in One Day, China’s Most Bankable Kung Fu Star Donnie Yen
From Bruce Lee to Jackie Chan, Kung Fu stars often is the only type of actors that could make their marks in Hollywood. Nowadays, Donnie Yen is undeniably becoming the next most-known Chinese actor in Hollywood. Given the successful performance of the film series “Ip Man”, Donnie Yen got the chance to play in two big production Hollywood films “Rogue One: A Star Wars Story” and “xXx: Return of Xander Cage”. Now, he is the mentor Commander Tung in Disney’s upcoming live-action version of “Mulan.” Read more yiqipaidianying
