On August 1, iQiyi (NASDAQ: IQ) released the company’s unaudited financial report for Q2. The report shows that iQiyi’s Q2 total revenue rose 51% year over year to 6.2 billion yuan ($932.5 million). The company remains unprofitable with a loss of 1.3 billion yuan ($200.7 million) during the reporting period. Read More
Tsui Hark's "Detective Dee: The Four Heavenly Kings" opened in Chinese theaters on July 27. While many praise Tsui Hark's technical innovation and imagination, the film's box office doesn't seem to measure up. Read More
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
The real lesson from Asura, and the reason I think its implosion will ultimately prove to be a good thing, is that it shows the Chinese film industry is maturing. Read More
On July 22, Huayi Brothers' first theme park officially opened in Suzhou, China. The Suzhou theme park took Huayi Brothers six years and 350 million yuan ($51.5 million) to build. Read More
Chinese Premiere Li Keqiang is instructing relevant government agencies to speed up the cutting of prices of cancer drugs, according to a post published on the website of the State Council. Read More
China’s latest fantasy epic, “Asura,” claimed to be the most expensive domestic production to date — but it didn’t even last three days in cinemas. Read More
Recently, Disney’s upcoming live action film Mulan was registered with China’s Film Bureau. According to information released by the bureau, the film was registered as a “Chinese-assisting production” instead of “Chinese co-production.” Read More
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