LeEco Raises Funding, Reshuffles Management Amid Cash Crunch

 /  News  / 
China’s internet giant LeEco announced Tuesday that the company has secured US$600 million of funding from a dozen of local investors. Read More

LeEco Talks About Its ‘Overstretched’ Overseas Expansion

 /  News  / 
A letter from LeEco’s CEO Jia Yueting published on Monday showed that the company’s expansion to the U.S. had gone too far, because of limited capital and resources, resulting in “an apparent lack of momentum” in various businesses. Read More

LeEco Attempts to Establish Its Ecosystem in the US

 /  News  / 
On October 19, LeEco made its official debut into the US market. LeEco will begin selling their smartphones and smart TVs from November 2. Read More

‘Lost In Russia’ and the Search for a Chinese Netflix

 /  Streaming  / 
Chinese movie theaters complained when the film’s producers inked a deal with TikTok owner ByteDance, but the agreement isn’t likely to pose a threat. Read More

Jia Yueting’s Le.com Shares Frozen Due to Unpaid Debts

 /  Money  / 
According to a recent notice posted to the Shenzhen Stock Exchange website, a Chinese court has ordered all of Jia’s Leshi shares to be frozen. In addition, 5 million shares that Jia pledged to Orient Securities have been released due to an unpaid debt. Read More

Headlines from China: Alibaba Quietly Launches Short-video App “Lu Ke” on Apple Store

 /  Headlines From China  / 
Douyin's huge popularity among Chinese young people and its ability to influence consumer behaviors led many internet and e-commerce firms to create their own short-video apps. Read More

Headlines from China: Funding From Tencent, JD.com Boosts Leshi Stock 

 /  Headlines From China  / 
Since August 21, stock price of Leshi, which belongs to the troubled LeEco, has been doubled from 2.08 yuan per share to 4.15 yuan. Many industry insiders believe that the soaring Leshi stock was likely boosted by the funding raised by Leshi's new media unit from Tencent and JD.com. Read More

Headlines from China: Chinese Film Industry Research Report Launches English Version For the First Time

 /  Headlines From China  / 
This annual report just entered its 12th year, but this is the first time the Report launches its international version. Read More

Headlines from China: CAA China and Production Firm Give Me Five to Launch New Fund

 /  Headlines From China  / 
On April 26, CAA China and Chinese film and TV production company Give Me Five (五元文化) officially entered a deal to jointly launch a new script development fund. Read More

Headlines from China: Disney Responds to Complaints from Chinese Avengers Fans

 /  Headlines From China  / 
Yesterday, Walt Disney Pictures hosted a press conference in China and apologized to Avengers Fans for making them disappointed at the 10th Anniversary celebration of the Marvel Cinematic Universe last Thursday at Shanghai Disney Resort. Read More

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