Headlines from China: Tencent Music Postpones $2 Billion US IPO Due To Market Conditions

 /  Headlines From China  / 
Due to global market sell-off, Tencent Music will delay its $2 billion US IPO, one of the largest US IPOs this year, for at least 9 months. Read More

Headlines from China: Fan Bingbing Apologizes After Being Fined $130 M for Tax Evasion

 /  Headlines From China  / 
After Chinese actress Fan Bingbing disappeared from the public eye for over three months, Chinese authorities finally issued an official statement on her tax evasion case. Read More

E-sports video streaming site Douyu planning a US IPO

 /  Headlines From China  / 
Shortly after widely circulated rumors about a Hong Kong IPO, Tencent-backed Douyu is reported to have turned its favors to the US stock market. Read More

Chinese Game Live Streaming IPO Shows Speed of Development in the Industry

 /  News  / 
Game streaming in China, along with other sectors of live streaming, is a fast-growing industry. Research report shows that China is currently the world’s largest gaming market. In 2017, the country had 646 million gamers and its numbers are estimated to grow to 917 million in 2022. Read More

Headlines from China: Industry Professionals Call for Refinement of Film Law

 /  Headlines From China  / 
This year’s May Day holiday season ended with two controversies making the headlines. Both cases indicate the chaotic state of film distribution in China and lead many industry professionals to call for refinement of the country's Film Law. Read More

Headlines from China: Nasdaq Welcomes ‘China’s Netflix’ iQiyi Today

 /  Headlines From China  / 
Today, iQiyi (IQ) rang the Nasdaq stock market opening bell in celebration of its IPO. Founded in 2010 by Chinese internet giant Baidu, iQiyi is one of the largest video-streaming platforms in China. Read More

YY’s E-sports Video Streaming Arm Huya Files for US IPO

 /  Game  / 
Chinese live streaming company YY is planning to spin off its gaming streaming unit Huya for an independent IPO. The company has submitted a draft registration statement on a confidential basis to the US Securities and Exchange Committee for a possible listing in the US market. Read More

Headlines From China: Cultural And Entertainment Industry Trends In 2018

 /  Headlines From China  / 
With China’s "two sessions," the annual meetings of the national legislature and the top political advisory body opening in Beijing, and showbiz veterans attending the meetings, a few trends have emerged that will likely affect the Chinese cultural and entertainment industry this year. Read More

iQiyi Reveals User Numbers and Net Loss Since Inception in IPO Filing

 /  Money  / 
iQiyi (爱奇艺), the Chinese entertainment company famous for its video streaming service filed for an initial public offering in the US. In the filing, iQiyi stated that “We have had a net loss since its inception and may continue to suffer losses in the future.” Read More

Baidu’s iQiyi said to have filed for $1 billion US IPO

 /  Money  / 
China’s popular video streaming service, iQiyi, has filed confidentially for US IPO according to IFR. Sources familiar with the plans said the company is looking to raise $1 billion by the end of Q1 or early Q2 of 2018. Read More