Headlines from China: Jia Yueting Ordered to Come Back to China to Settle Debts

Jia Yueting Ordered to Come Back to China to Settle Debts

The China Securities Regulatory Commission issued an order Monday for LeEco founder Jia Yueting to return to China by the end of this year to deal with financial troubles. Jia resigned as chairman after LeEco’s streaming division Leshi became debt-straddled, and has been living in the U.S. since then focusing on the electric car startup Faraday Future. Earlier this month, Jia was put on the national debt blacklist and banned from luxury activities such as first-class travels. Read more on TMT post

‘Youth’ Dominates Christmas Box Office, Nearing $135 Million Milestone

The Christmas Day box office totaled at $28.7 million, with Youth being the frontrunner, and Legend of the Demon Cat, and Bleeding Steel in second and third places. Since its release, Feng Xiaogang’s Youth has performed well consistently in ticket sales and is expected to reach a domestic total of $152 million. So far, the national annual gross box office revenue totals at $77.7 million and is expected to reach $79.4 million, a 10% increase from 2016 and a record-high in years. Read more on Mtime

‘The Maze Runner 3,’ ‘Suburbicon’ to Release in China in January 2018

American sci-fi thriller The Maze Runner 3: The Death Cure, is set to release in China on January 26, 2018, the same date as the U.S. release. The last installment of the trilogy chronicles the Gladers’ final and most dangerous mission. Also set for a January release is George Clooney’s Suburbicon, a comedy set in 1958 that explores the dark side of a peaceful suburban community. The film stars Matt Damon and Julianne Moore. Read more on jiemian.com

Shunji Iwai’s ‘Zhi Hua,’ and Lu Chuan’s ‘Quan Wang Zhi Zhan’ Revealed

Japanese film director Shunji Iwai’s first Chinese-language film has been given the green light and will be produced by Peter Chan. The film, named after the protagonist’s late sister, Zhi Hua, tells stories across generations when the protagonist Zhi Lan reunites with an old friend after her sister’s death. Meanwhile, Chinese filmmaker Lu Chuan’s new film has also been revealed. Literally translated as “a battle of boxing champions,” the film’s plot bears similarities to that of Dangal; it follows a humble miner on his journey to becoming a boxing champion. Read more on Mtime