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Headlines from China: China to Begin Reopening Cinemas In Low Risk Areas Starting July 20

Jul 16, 2020 / Headlines From China /

The China Film Administration dropped breaking news on Thursday noon, stating that those theaters in low-risk areas in China “can resume business in an orderly manner on July 20, with the effective implementation of prevention and control measures”. Read More

Headlines from China: Film on China’s Manhunt for Economic Fugitives Eyes a 2021 Release

Jul 15, 2020 / Headlines From China /

“The Hunting”, a film that depicts China’s “Fox Hunt” operation that pursues economic crime suspects who flee overseas, is set to hit the silver screen in early 2021, according to the film’s official social media account. Read More

Headlines from China: Hong Kong Government Announces Local Film Industry Revival Initiative

Jul 14, 2020 / Headlines From China /

The Commerce and Economic Development Bureau of Hong Kong just announced a five-tier plan to boost the local region’s film industry with a total of $33.5 million dollars film development fund. Read More

Headlines from China: Only Two Weeks Away From The Rumored Opening Date of Shanghai International Film Festival

Jul 13, 2020 / Headlines From China /

As of today, there are still no concrete information regarding the opening of the festival or any film screening plans announced under the current circumstances. Only two weeks away from the end of July, will the festival still take place this month or even this summer? Read More

Headlines from China: Sina Corp., Owner of China’s Largest Social Media Platform Weibo, Receives Go-private Proposal

Jul 10, 2020 / Headlines From China /

After 20 years on Nasdaq, China’s Sina Corporation is planning to delist from the US stock exchange amid the growing US-China tension. The company has received a go-private proposal from an entity led by the company's chairman and CEO Charles Chao. Read More

Sequoia China Leads Nearly $100m Round in Storytelling App Kuaidian

Jul 10, 2020 / Money /

Kuaidian, a Chinese storytelling mobile app that offers an immersive experience through dialogue-based, text-message reading format, has closed nearly $100 million in a Series C round of financing led by Sequoia Capital China. Read More

Headlines from China: Shanghai to Issue Subsidies to Help Cinemas Tide Over Pandemic Closures

Jul 9, 2020 / Headlines From China /

On Monday, the annual China Film Directors’ Guild Awards announced a preliminary list of 25 selected films to compete for this year’s awards in six categories, including the best director, film, actor, actress, emerging director and screenwriter of the year. Read More

Tencent’s PUBG Mobile Game Hits $3 Billion Milestone

Jul 9, 2020 / Game /

Chinese gaming giant Tencent has hit a new milestone with its hugely popular battle royale title “PlayerUnknown’s Battlegrounds” (PUBG Mobile) doubling its lifetime revenue to more than $3 billion in just over seven months. Read More

Headlines from China: Hit Web Thriller ‘The Bad Kids’ Brings Tourism Boom to an Unknown City in Southwestern China

Jul 8, 2020 / Headlines From China /

Zhanjiang City, located in the southwestern corner of Guangdong Province, is used to be a relatively unknown city on the map for holiday travelers. Now hundreds of thousands of tourists are flocking into the city after they have seen the hit web drama “The Bad Kids”. Read More

Tencent Plays in U.S. With California Game Studio Launch

Jul 7, 2020 / Game /

Tech giant Tencent has opened a new studio in California to develop and publish top-notch games as it seeks to move beyond its home China market. Read More

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