TCB In RMB: A Weekly Business Roundup

 /  Money  / 
SoReal, the Virtual Reality venture of acclaimed Chinese auteur Zhang Yimou opened its first concept store this past Tuesday in a 32,000 square-foot location in central Beijing. Although the company refers to it as a VR Museum, it is more like an arcade, featuring VR films, interactive VR games and other immersive experiences-- and already Chinese reports are expressing doubts regarding its commercial viability. Read More

China’s Huayi Brothers Sees 2016 Profit Fall

 /  Money  / 
Huayi Brothers, which is run by brothers Wang Zhongjun and Wang Zhonglei, pulled in total revenue of RMB 3.53 billion ($512.7 million), with net cash flows from operating activities of RMB 759 million. Read More

Berlin: Production Seminar Brings Together Euro-seekers, Chinese Experts

 /  News  / 
The annual Berlin International Film Festival, also known as the Berlinale has historically been an important Western platform for Chinese films. For the past few years at the festival, a Berlin-based association, Bridging the Dragon and the European Film Market have sponsored events designed to further the cause of European films and co-productions that can Read More

Orange Sky Golden Harvest’s China Operations Bought by Dadi Cinema

 /  News  / 
The purchase is the latest sign of consolidation in China’s cinema market and a fillip for OSHG investors Huayi Brothers and Alibaba Pictures Group in their battle with market leader Wanda Cinema Line. Pan-Asian cinema exhibition group Orange Sky Golden Harvest (OSGH) has sold its entire China operation to Dadi Cinema Construction, the companies announced Read More