Headlines from China: Chinese Entertainment Company Mahua FunAge Seeks US Listing

Chinese Entertainment Company Mahua FunAge Seeks US Listing

Chinese entertainment firm Beijing Mahua FunAge is seeking an IPO in the U.S. after the termination of its listing on China’s National Equities Exchange and Quotations (NEEQ) in May 2019. The company went public on NEEQ in 2015 after it produced box office hit Goodbye Mr. Loser, which brought RMB190 million to the company, accounting for 51.8% of the company’s total revenues of the year. However, it remains challenging for the company to maintain its profitability. On May 22, 2019, Mahua FunAge was delisted from NEEQ. Read more on Pencil News

 Salvador Simó and Jian-Ping Li to Co-direct Spanish-Chinese Co-production ‘Dragonkeeper’ 

It is announced that Spain and China are co-producing Dragonkeeper, an animated film based on Australian writer Carole Wilkinson’s novel of the same name. Salvador Simó, the director of Buñuel In The Labyrinth Of The Turtles, will work with Jian-Ping Li to co-direct the feature. Cast numbers are also announced, including Naomi Yang, Bill Nighy, and Bill Bailey. As the biggest Spain-China co-production to date, Dragonkeeper follows Ping, a slave girl who takes care of dragons in the emperor’s castle, who has to deliver the last dragon egg to the ocean to avoid the extinction of dragon. The film is expected to be released in the summer of 2021. Read more on Mtime