News

Shares of Baidu-Backed iQiyi Jump After Reuters Reports Tencent Seeking Majority Stake

Jun 18, 2020  /  News  / 
Nasdaq-listed shares of Chinese video streaming service iQiyi closed up 25.9% on Tuesday after a Reuters report revealed that Tencent is looking to buy a stake in the company in which its rival Baidu is currently the majority shareholder. Read More

Headlines from China: Tencent Aims to Become Biggest Shareholder of IQiyi

Jun 17, 2020  /  Headlines From China  / 
According to Reuters, Tencent Holdings Ltd is in talking with video streaming rival iQiyi in order to become its biggest shareholder. Read More

ByteDance to Close Smaller Short Video App in India, Focus on TikTok

Jun 17, 2020  /  News  / 
Chinese tech unicorn ByteDance has announced it will shut down its lesser-known video sharing app Vigo Video in India by Oct. 31, as its flagship TikTok app gains traction in the South Asian country. Read More

Headlines from China: Mango TV’s Stock Price Rose to a Historical High, How Good Is the Reality Show ‘Sisters Who Brave Winds and Waves’?

Jun 16, 2020  /  Headlines From China  / 
Following the debut of the much-anticipated reality show “Sisters Who Brave Winds and Waves”, the stock price of Mango TV’s mother company Mango Excellent Media rose by nearly 9% on Friday and another 7% on Monday. Read More

Headlines from China: The Evolving Images of Chinese Women In Chinese Cinema

Jun 15, 2020  /  Headlines From China  / 
China’s economic growth has greatly lifted women’s social status in the past 30 years—this can be seen not only in reality TV shows, but also in films. Regarding women's representation on the big screen, what has changed over time? Read More

Chinese Video Giant iQiyi Hires Former Netflix Executive for Global Expansion

Jun 15, 2020  /  News  / 
The Nasdaq-listed Chinese video streaming giant has poached Kuek Yu-Chuang from its U.S. rival Netflix, hiring him as vice president of international business to oversee its strategic planning, marketing, business development and public affairs functions for its overseas businesses. Read More

Headlines from China: Funded by Chinese auteur Jia Zhangke, The 4th 86358 Short Film Festival Just Opened Submission Portal

Jun 12, 2020  /  Headlines From China  / 
 IQiyi’s new original film, adapted from Keigo Higashino’s novel Samayou Yaiba (さまよう刃), made headlines recently for its production announcement. As one of the first films that started production in the post-pandemic age, this new film brought in positive energy to the troubled film industry that is still subject to great uncertainty because of the continuing movie theater closure. Read More

Film Executive’s Death Shocks China’s Entertainment Industry

Jun 12, 2020  /  News  / 
Huang Wei, 52, was the vice president of Bona Film Group, one of the country’s largest movie production and distribution companies. Read More

Headlines from China: Chinese Auteur Jia Zhangke Calls For Theater Reopening, Again

Jun 11, 2020  /  Headlines From China  / 
Leading Chinese auteur Jia Zhangke called for theater reopening once again on social media after the tragic news of Bona’s vice president’s suicide ripped through the Chinese film industry on Wednesday. Read More

TikTok Rival Kuaishou Builds $1.4bn Data Center In China

Jun 11, 2020  /  News  / 
Chinese video sharing app Kuaishou will spend about 10 billion yuan ($1.41 billion) to build its largest data center, as the company looks to support a user base poised for continued growth in a post-coronavirus market. Read More

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