Headlines from China: Chinese Media Giant Toutiao Acquires Popular Video App Musical.ly

 /  Headlines From China  / 
Toutiao, a China-based content firm, has signed a deal to officially acquire Musical.ly, a Chinese video social network app that has gained popularity worldwide. Read More

TCB in RMB: Wanda Invests in Bona to Strengthen its Domination

 /  Money  / 
Wanda Cinema Line, the world’s biggest cinema chain operator, is buying a 1.875 percent stake in private-owned Bona Film Group for RMB 300 million (US$43.51 million), the companies announced Monday. Read More