Headlines from China: Tencent Delivers Drop in Profit and Growth in Online Video in Q2

 /  Headlines From China  / 
On August 15, Chinese tech giant Tencent released the company's unaudited Q2 financial report. According to the report, the company saw significant growth in Q2 with total revenue up 30% year-on-year to $10.7 billion. However, net profit dropped 2% to $2.7 billion. Read More

Esports Becoming Big Business in the US and China

 /  Game  / 
A sweeping global phenomenon, esports’ total audience growth rose from 235 million in 2015 to 385 million in 2017, with an average revenue per fan amounting to $3.64. These numbers are only set to grow, with demand coming mostly from North America and the Asia Pacific region. Read More

Headlines from China: Tencent’s E-book Unit to Acquire New Classics Media for Up to $2.25 B

 /  Headlines From China  / 
On August 13, Tencent's e-book unit China Literature announces that the company is in a deal to acquire film & TV production company New Classics Media (NCM) for up to $2.25 billion. Upon completion of the acquisition, New Classics Media will become China Literature's wholly-owned subsidiary. Read More

Chinese Mobile Game-makers Made Over $600 M in the US in First Half of 2018

 /  Game  / 
Chinese game apps are spreading abroad like wildfire and the US has become one of their top markets. From the first half of 2017 to the first half of this year, Chinese game makers raised their profits by 52% in the US earning more than $600 million. Read More

Headlines from China: Farewell, Musical.ly

 /  Headlines From China  / 
If you are a user of the video social network app Musical.ly, the next time when you update the app on your phone, you will see that the updated app becomes Tik Tok, the international version of hit Chinese short-video app Douyin. Read More

Headlines from China: Alibaba, Tencent Make Fortune’s Top 10 Most Profitable Companies in China

 /  Headlines From China  / 
The majority of the top 10 most profitable Chinese companies are banks or insurance companies. Exceptions include internet companies Tencent and Alibaba. Read More

China Internet Report 2018: Chinese Internet Giants Are Expanding And So Is Government Regulation

 /  News  / 
China’s internet industry is one of the most active across the globe and as a new report by Abacus, 500 startups, and South China Morning Post shows just why. Read More

Douyin to Outsource KOL Management to Multi-Channel Networks

 /  Entertainment Marketing  / 
Douyin will establish an official program for multi-channel networks (MCNs) to manage key opinion leaders (KOLs) on its platform, according to a report. Read More

China Copyright Protection: Harry Potter and the Goblet of Plagiarism

 /  Legal  / 
How do you know when a copyright has been infringed? For years, this wasn’t even a question people asked in China because it was so obvious. Slowly but surely, though, China’s enforcement of copyright infringement has improved. Read More

Headlines from China: Disney is Our Role Model Says Wanda Film President

 /  Headlines From China  / 
At a recent event, Wanda Film President Zeng Maojun introduced the company's business activities across the world. Zeng stressed the importance of integrating film IPs into the companies' other products and services, saying that Disney is Wanda's role model in terms of IP development and monetization. Read More