Headlines from China: Video Platform iQiyi Aims to Raise $1.05 Billion in Convertible Bonds

Video Platform iQiyi Aims to Raise $1.05 Billion in Convertible Bonds

Baidu-backed Chinese video streaming platform iQiyi announced on Tuesday that the company was looking to raise $1.05 billion in convertible bonds. Over the past year, convertible bonds have become increasingly popular in Asia among tech companies that seek growth capital. It has only been four months since iQiyi’s last sales of convertible bonds. According to iQiyi, the funds will be used to cover operation expenses, enhance its content pool, and advance its IT capabilities. Read more on ifeng.com 

More Cast of Peter Chan’s New Film ‘Li Na’ Unveiled

Hong Kong filmmaker Peter Chan’s new biographical film Li Na has wrapped production in February and is now in post-production. In a recent interview with sports journalists, the renowned tennis player Li Na disclosed that Chinese actor Hu Ge played as her husband in the film. Previously, French actor Vincent Cassel said in an interview with Mtime that he played Li Na’s coach in the film. Read more on Mtime

Japanese Film ‘Killing for the Prosecution’ to Release in China

Japanese crime drama Killing for the Prosecution is expected to be released in China’s theatre. The release date has not yet announced. Based on the 2013 novel of the same name by Shusuke Shizukui, the film follows a criminal investigation led by two prosecutors played by  Takuya Kimura and Kazunari Ninomiya. Killing for the Prosecution topped box office charts for two weeks when it was first released last year’s summer in Japan, and grossed 2.96 billion yen (US$26.8 M) in total, ranking 9th at the box office of the year in Japan. Read more on Mtime