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Headlines from China: Tencent Delivers Drop in Profit and Growth in Online Video in Q2

Aug 15, 2018 / Headlines From China /

On August 15, Chinese tech giant Tencent released the company's unaudited Q2 financial report. According to the report, the company saw significant growth in Q2 with total revenue up 30% year-on-year to $10.7 billion. However, net profit dropped 2% to $2.7 billion. Read More

Headlines from China: Tencent’s E-book Unit to Acquire New Classics Media for Up to $2.25 B

Aug 13, 2018 / Headlines From China /

On August 13, Tencent's e-book unit China Literature announces that the company is in a deal to acquire film & TV production company New Classics Media (NCM) for up to $2.25 billion. Upon completion of the acquisition, New Classics Media will become China Literature's wholly-owned subsidiary. Read More

Headlines from China: 2018 China Box Office Crosses $5.84 B In 217 Days

Aug 6, 2018 / Headlines From China /

2018 witnesses continual growth of the Chinese film market. According to online ticketing service provider Maoyan, China's total box office earnings have reached RMB 40 billion ($5.84 billion) by August 5. Read More

Headlines from China: Farewell, Musical.ly

Aug 3, 2018 / Headlines From China /

If you are a user of the video social network app Musical.ly, the next time when you update the app on your phone, you will see that the updated app becomes Tik Tok, the international version of hit Chinese short-video app Douyin. Read More

Headlines from China: How Are Chinese Films & TV Shows Doing on Netflix?

Jul 26, 2018 / Headlines From China /

How to choose good content and effectively promote the content to an international audience should be more important and attention-worthy than the acquisition deals themselves. Read More

E-sports video streaming site Douyu planning a US IPO

Jul 23, 2018 / Headlines From China /

Shortly after widely circulated rumors about a Hong Kong IPO, Tencent-backed Douyu is reported to have turned its favors to the US stock market. Read More

Headlines from China: Success of ‘Dying to Survive’ Unveils Market Potential for Movies Based on Actual Events

Jul 19, 2018 / Headlines From China /

The success of local dark comedy, Dying to Survive, is a good indicator that China is in need of films that reflect important issues in the society. Read More

EnMaze Pictures’ Short Film Tour to Highlight North America-based Chinese Filmmakers

Jul 18, 2018 / News /

Recently, U.S.-based film production company EnMaze Pictures launched the 3rd North America Chinese Directors Short Film Tour, which aims to connect overseas Chinese film students with the flourishing film industry in China. Read More

‘The Rap of China’ Returns After Off-Beat Year

Jul 16, 2018 / News /

China’s first hip-hop reality show shone a spotlight on the local rap scene, but ultimately artists found themselves cast in a bad light. Read More

Headlines from China: Alibaba, Tencent Make Fortune’s Top 10 Most Profitable Companies in China

Jul 11, 2018 / Headlines From China /

The majority of the top 10 most profitable Chinese companies are banks or insurance companies. Exceptions include internet companies Tencent and Alibaba. Read More