TCB in RMB: Great Wall Buys Gu Changwei’s Premiere Age

 /  Money  / 
Some big deals in film and television in our weekly wrap of China entertainment investment and M&A activity. Read More

VP of TV Unit Takes over as CEO of Leshi, YT Jia to Remain Chairman

 /  News  / 
Jia Yueting, the legendary Chinese corporate leader, will step down as CEO of Leshi Internet Information & Technology Corp Beijing. Read More

Four Culture and Globalization Lessons from LeEco’s Successes and Failures

 /  News  / 
In some of those areas, LeEco has made incomplete progress. In others, we failed entirely. What follows is my understanding of why we were not able to achieve our goals in this area as well as key takeaways that other Chinese companies can use in their globalization process. Read More

TCB in RMB: LeSports Defaults, Jia Zhangke Skint, iQIYI Goes Hip-Hop

 /  Money  / 
LeSports, sports arm of China's internet conglomerate LeEco, canceled the broadcast of a Wednesday European Championship match between Spanish soccer giants Real Madrid and Atletico Madrid, increasing concerns over the floundering titan’s recent financial situation. Read More

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