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PUBG and Honor of Kings Are April’s Highest-Earning Games

May 21, 2020 / Game /

PUBG, a battle royale title developed by Chinese internet giant Tencent, retained its position as the world’s highest-earning mobile game in April as demand for digital entertainment increased amid the coronavirus pandemic. Read More

Headlines from China: Animation Film ‘Legend of Deification’ Sets A 2020 Release

May 21, 2020 / Headlines From China /

The highly anticipated animation film “Legend of Deification” finally announced that it will be released at the end of 2020. Read More

Headlines from China: The 23rd Shanghai International Film Festival Postponed

May 20, 2020 / Headlines From China /

Out of an abundance of caution, the organizing committee of Shanghai International Film Festival decided to postpone this year’s event Read More

Kuaishou Sues Rival Douyin for ‘Piggybacking’ on Its Name

May 20, 2020 / News /

China’s second-largest video platform claims top competitor infringed its trademark to gain more users. Read More

Pandemic Pivots: A Hollywood Ending for THE THIRD FLOOR

May 16, 2020 / VFX /

In January, THE THIRD FLOOR was preparing to open their new studio in Beijing. They had planned the big launch party during the Beijing International Film Festival when they got word that the entire event had been postponed indefinitely. Read More

Baidu Beefs Up Development of Livestreaming and Short-Video Services

May 15, 2020 / Headlines From China /

Chinese internet search giant Baidu Inc. has pledged to plow massive resources into its short-video and livestreaming businesses, in a bid to gain a larger share of a sector dominated by ByteDance and Kuaishou. Read More

Headlines from China: New Tax Policies to Support Film-Related Businesses

May 15, 2020 / Headlines From China /

Ministry of Finance and China Film Administration announced on Thursday that the value-added tax and other related fees will be temporarily waived in order to alleviate film businesses’ financial burdens. Read More

Stock Exchange Challenges Theater Giant Wanda Film’s Huge Write-Down

May 14, 2020 / Money /

Wanda Film Holding, China’s biggest movie theater operator controlled by billionaire Wang Jianlin, was questioned again by the stock exchange on its asset impairment and liquidity after it posted its first annual loss in five years as a publicly listed company. Read More

Headlines from China: Tencent Holdings Posts Better-than-expected First Quarter Earnings

May 14, 2020 / Headlines From China /

On Wednesday, Tencent Holdings published its 2020 first-quarter earnings report, showing a $4.1 billion net profit, up 6 percent from a year earlier. Read More

Headlines from China: 5 Chain Reactions After Theaters’ Reopening

May 13, 2020 / Headlines From China /

If everything goes well, theaters in China will reopen at the end of May. Some analysts estimate that this year’s box office will not even reach thirty billion yuan, which is only half of last year’s total box office. Read More

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