LeEco |

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

Apr 21, 2017 / 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

Apr 14, 2017 / 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

Apr 1, 2017 / 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

Jan 26, 2017 / 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?

Jan 19, 2017 / 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

Nov 21, 2016 / 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

Oct 26, 2016 / 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

Oct 20, 2016 / 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

Oct 19, 2016 / 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

The Dilemma Of Chinese Online Videos Sites

Sep 5, 2016 / News /

Live streaming has created a new battleground for China’s top online video sites. Most Chinese video sites still rely on advertising rather than subscriptions for revenue. All of China’s top video providers attract users with a mix of content, including original programming. In recent comments, Martin Lau, the president of Tencent, China’s largest internet company Read More

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