Headlines from China: Live Streaming Platform Panda TV Rumored to File for Bankruptcy

Live Streaming Platform Panda TV Rumored to File for Bankruptcy

Recently, rumors about Panda TV’s bankruptcy has been circulated on the internet. One staff member from the company’s IT department told press that he had received notice that he would not be paid this month and should start looking for another job. It’s not surprising that Panda TV may file for bankruptcy soon, as it has been reported one year ago that the company was going through severe cash flow issues. Founded by Wang Sicong, the son of Wanda Group Chairman Wang Jianlin, Panda TV is one of the top game living streaming platforms in China by the number of daily active users. Its potential bankruptcy indicates the fierce competition in China’s live streaming sector. Read more on TMT Post 

‘Alita: Battle Angel’ Gets Extended China Release

James Cameron’s Alita: Battle Angel has been granted a one-month extension to its release in China and will be allowed to play through to April 21. Produced by 20th Century Fox, the film has earned over 800 million yuan ($119) in China after two weeks in release. Based on Yukito Kishiro’s manga Gunnm, the film tells an action-packed story of one young woman’s journey to discover the truth of who she is and how her fight could change the world. Read more on Mtime

Hainan International Film Festival Brings Ten Indian Films to China

Hainan Island International Film Festival (HIIFF) has unveiled its lineup for its spring screenings of 2019. Starting on March 23, the festival will showcase ten films from India in five cities on Hainan Island during its 15-day showcase. Titled as “Gems of Asia – Spotlight on India,” the lineup include Indian classics such as Caravan, and new films Mersal, K.G.F: Chapter 1, Pariyerum Perumal, Dhh, Village Rockstars, Kaabil, Mom, Lover Per Square Foot, and A Death in the Gunji. Many of these films will be screened in China for the first time through this program. Read more on HIIFF