Chinese internet search giant Baidu Inc. has pledged to plow massive resources into its short-video and livestreaming businesses, in a bid to gain a larger share of a sector dominated by ByteDance and Kuaishou. Read More
Ministry of Finance and China Film Administration announced on Thursday that the value-added tax and other related fees will be temporarily waived in order to alleviate film businesses’ financial burdens. Read More
On Wednesday, Tencent Holdings published its 2020 first-quarter earnings report, showing a $4.1 billion net profit, up 6 percent from a year earlier. Read More
If everything goes well, theaters in China will reopen at the end of May. Some analysts estimate that this year’s box office will not even reach thirty billion yuan, which is only half of last year’s total box office. Read More
Shanghai Disney Resort welcomed visitors on Monday after more than three months of suspended operations due to the coronavirus pandemic. The theme park said entrance tickets for the first day sold out within minutes when sales resumed Friday but did not disclose the number of expected visitors. Read More
Fearing new leadership in their publishing group could lead to reduced rights and incomes, thousands of online authors protested by not updating their serialized novels. Read More
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