Video Firm Baofeng Loses Nearly All Employees in Wake of Flopped British Deal

 /  Money  / 
Almost all staff have left troubled online video service provider Baofeng Group Co. Ltd., which has been haunted by operational and financial challenges as it struggles to manage fallout from its involvement in a high-profile and ill-fated acquisition of British firm MP & Silva Holding SA. Read More

Headlines from China: Wanda Sports to Launch US IPO This Week

 /  Headlines From China  / 
The Beijing-based Wanda Sports has had partnerships with FIFA and the Chinese Basketball Association, owns sports properties and generates revenue from events, sponsorship and media pacts Read More

Live-streaming Platform Inke Acquires Social App Jimu for $85 Million

 /  Money  / 
Live-streaming platform Inke announced on Sunday that it acquired interest-based social app Jimu for $85 million. Read More

Headlines from China: Chinese Animation Studio and Theme Park Giant Fanta Wild to Launch IPO

 /  Headlines From China  / 
Fanta Wild, a Chinese entertainment group considered by some as China's Disney, is planning to launch IPO. Read More

Douyu Moves Listing from NYSE to Nasdaq

 /  Money  / 
Game live-streaming platform Douyu has switched its IPO to the Nasdaq Global Select Market from the New York Stock Exchange, according to the company’s SEC filing on Monday. Read More

Tencent Wins Bigger Share of Game Revenue from Android App Stores

 /  Game  / 
Gaming giant Tencent has successfully negotiated a more favorable revenue split with a number of Chinese Android stores for its mobile titles, media outlet GameLook reported. Read More

Douyu doubles revenue and swings into profit in Q1

 /  Money  / 
Game live-streaming platform Douyu recorded surging revenue, net profit, and strong growth in paying users in the first quarter of 2019, according to updates the company made to its US Securities and Exchange Commission (SEC) filing. Read More

YY Raises $1 Billion in Convertible Note Offering as It Eyes Global Expansion

 /  Money  / 
Chinese live-streaming social media company YY on Monday announced that it has raised a total of $1 billion in a convertible senior notes offering, according to an announcement, as it seeks to fund expansion into overseas markets. Read More

Jia Yueting’s Shares Frozen Due to Unpaid Debts

 /  Money  / 
According to a recent notice posted to the Shenzhen Stock Exchange website, a Chinese court has ordered all of Jia’s Leshi shares to be frozen. In addition, 5 million shares that Jia pledged to Orient Securities have been released due to an unpaid debt. Read More

PandaTV Says It‘s Not Dead And Will File For An IPO This Year

 /  Money  / 
PandaTV, Chinese live streaming platform specializing in e-sports and other entertainment content, plans go public by the end of this year, Chief Operation Officer Zhang Juyuan told local media. Read More