China Weekend Box Office Slumps Back to Less Than $9 Million
Cinema box office in China fell back to the lower depths over the weekend, with just $8.9 million of revenue across a country of 1.3 billion inhabitants. In cinemas, hit U.S. animation “The Bad Guys” and Chinese drama “Stay With Me” exchanged positions at the top of the chart. Both opened a week earlier on April 29, 2022. The “Bad Guys” moved to the top of the weekend chart, earning RMB17.4 million ($2.6 million). Read more Variety
China Bans Younger Livestream Users From Sending Virtual Gifts
Chinese regulators have further tightened their grip on the internet industry, banning younger users from sending virtual gifts on livestream platforms, which could affect companies including ByteDance Ltd. and Kuaishou Technology. Read more Bloomberg
