LeEco Seeks to Sell Property Assets as Cash Crunch Continues

 /  Money  / 
LeEco is seeking to sell a prime piece of real estate in Beijing's Sanlitun entertainment district, the Shimao Gongsan, that it bought in 2016 for US$420 million, according to Reuters. Read More

TCB In RMB: Le Eco Woes, Gu Crows, CAA & IMAX Grow

 /  Money  / 
Premiere Age’s market capitalization stood at RMB 602 million ($87 million) at Thursday's close, meaning the company is poised to reap a 3168.99% premium from its sale to Great Wall Movie And Television. Fifth Generation director/cinematographer Gu Changwei and his actress-wife, Jiang Wenli stand to cash out some RMB 800 million ($116 million) through the deal. Read More

TCB In RMB: M&A, Copycats, IPO and Noncompetes

 /  Money  / 
TCB In RMB is a weekly summary of important developments in the Chinese entertainment business. Read More

LeEco Cash Crunch Eases With Share Transfer

 /  Money  / 
With the completion the share transfer formalities, LeEco has sold 171 million shares, or 8.56 percent of the arm’s total equity, for RMB 6.04 billion. Read More

Xiaomi Pictures Beats a Retreat from Filmmaking

 /  News  / 
The company is paring back its involvement in filmmaking from production and marketing to just investing as the device maker refocus on its core business. Chinese technology company Xiaomi is radically scaling back its filmmaking division amidst market-share struggles and high-level executive changes as the firm continues to overhaul it business. Barely a year after Read More

Is US$2.4 Billion Enough to Redeem Cash-Strapped LeEco?

 /  News  / 
China real estate titan Sunac China Holdings Ltd. will become LeEco's second-largest shareholder after leading RMB 16.8 billion (US$2.4 billion) in fresh funding. Read More

LeEco Raises Funding, Reshuffles Management Amid Cash Crunch

 /  News  / 
China’s internet giant LeEco announced Tuesday that the company has secured US$600 million of funding from a dozen of local investors. Read More

Macrolink Group Invests RMB 150 Million in Bona Film Group

 /  News  / 
Property developer Macrolink Group has agreed to invest RMB 150 million (US$22.13 million) in entertainment company Bona Film Group. Read More

LeEco Attempts to Establish Its Ecosystem in the US

 /  News  / 
On October 19, LeEco made its official debut into the US market. LeEco will begin selling their smartphones and smart TVs from November 2. Read More

Netflix Loses Its Chill, Scraps Plans to Launch Streaming Service in China

 /  News  / 
Netflix’s goal to become the world’s most ubiquitous streaming service in the world hit a snag on Monday with the company officially putting its plans for China on ice. Read More