Headlines from China: ‘Spider-Man: Far from Home’ Coming to Chinese Streaming Sites

‘Spider-Man: Far from Home’ Coming to Chinese Streaming Sites

After earning RMB 1.3 billion (US$183.51 M) at the Chinese box office, Spider-Man: Far from Home is released today on Chinese video-streaming websites, including iQiyi, Tencent Video, Youku, and Bilibli. Directed by Jon Watts, the film is the first installment in “Spider-Man” franchises that crossed the US$1 billion mark at the global box office. Read more on Mtime

Mahua FunAge’s Second Largest Shareholder to Sell Its Stake

According to a statement issued on September 10 by Beijing Equity Exchange, China Culture Industrial Investment Fund (CCIIF) intends to sell all of its stake in Chinese production studio Mahua FunAge at a minimum price of RMB477 million (US$67.29 M). CCIIF is the second largest shareholder of Mahua and its stake accounts for 11.33% of Mahua’s total shares. It is the third time that CCIIF tries to decrease its stake in Mahua. It’s worth noting that Mahua FunAge is seeking US IPO at the moment. It’s likely CCIIF chose to sell Mahua’s shares at this point in fear of the uncertainty of Mahua’s future in the capital market. Read more on Ent Group

Taiwan Picks ‘Dear Ex’ As Oscar Entry for 2020

The 2018 feature Dear Ex has been selected as the Taiwanese entry for the Best International Feature Film (previously Best Foreign Language Film) at the 92nd Academy Awards. Directed by Mag Hsu and Hsu Chih-yen, Dear Ex won three awards at the 55th Golden Horse Film Awards, including Best Leading Actress, Best Film Editing and Best Original Film Song. The film tells the story of San Lian who found her late ex-husband left his insurance payout to a male outsider. She decided to fight for the rights for her son, but unexpectedly, her son stood on the other man’s side. Netflix has been streaming the film since earlier this year. Read more on Mtime