Sales of television sets in China have fallen to their lowest level in five years, while manufacturers’ profits have also plummeted, a senior Ministry of Industry and Information Technology (MIIT) official said at an industry conference. Read More
Paramount Pictures said it has terminated its $1 billion film-financing deal with Chinese partner Huahua Media, ending half a year of uncertainty after reports first emerged that the tie-up had run into trouble due to a Beijing crackdown on such investment. Read More
Tencent Holdings Ltd.’s online literature unit, which seeks up to HK$8.3 billion ($1.06 billion) in an initial public offering (IPO) in Hong Kong, has had an enthusiastic reception from retail investors. Read More
Many of China’s homegrown theme parks lack these pop culture credentials, meaning they struggle to compete with foreign rivals fond of film tie-ins. But a three-month-old Chinese company has announced an ambitious plan to change the script. Read More
Leshi Internet Information & Technology Corp., the listed arm of embattled tech giant LeEco, extended its share-trading halt after a six-month suspension, citing uncertainties in a restructuring plan. Read More
Following online travel services and food delivery, online movie ticket booking has become the latest corner of the O2O (online to offline) market to see consolidation after years of cutthroat price wars. Read More
China’s outbound direct investment fell 41.8% year-on-year over the first eight months of 2017 in response to a government crackdown on overseas acquisitions in real estate, sports, and entertainment. Read More
How does a blind person “watch” a movie? Wang Weili, the founder of an “alternative cinema” in Beijing, has perfected a way that enables thousands of blind moviegoers in China to enjoy classics including Terminator and Jurassic Park. Read More
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