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Headlines from China: Chinese Film Industry Forecast for 2018

Jan 3, 2018 / Headlines From China /

The 2018 movie box office is projected to reach $9.2 billion (60 billion yuan), with top three films each bringing in $461 million (3 billion yuan). Read More

China’s New Rules Targeting ‘Inappropriate’ Online Games Send NetEase’s Shares Down

Dec 30, 2017 / News /

China’s leading internet portal and gaming company NetEase saw its shares drop by 3.23% on NASDAQ on Thursday US time after Xinhua reported that the government plans to clean up “illegal” and “inappropriate” online games. Read More

Google’s First Major Investment in Game Streaming Goes to China

Dec 28, 2017 / News /

Google has put RMB 500 million into the Chinese game streaming platform Chushou TV. This marks the first major investment Google has made in live broadcasting for video games since it lost the acquisition opportunity of the immensely popular Twitch to Amazon three years ago. Read More

Headlines from China: 2017 Wrap-up: Animated Films in China

Dec 27, 2017 / Headlines From China /

China is seeing the first box office dip for animated production in six years; ticket sales for all animated movies released in China totaled at around $7.2 billion, a $349 million decrease from 2016. Read More

Former ‘Voice of China’ Producer Moves Toward IPO

Dec 24, 2017 / Money /

The former producer of “The Voice of China” has completed pre-IPO fundraising, earning a valuation of 21 billion yuan ($3.2 billion) — though trademark disputes involving the Dutch creator of the show and several Chinese licensees remain unsettled. Read More

Headlines from China: Alibaba to Become the Controlling Shareholder of AcFun

Dec 20, 2017 / Headlines From China /

After a new round of financing and assets reorganization, Alibaba will own over 50 percent of AcFun, making Alibaba the controlling shareholder of this video-sharing site. Read More

Headlines from China: 31 Film & TV Works on China’s Priority Copyright Protection List

Dec 19, 2017 / Headlines From China /

China’s National Copyright Administration published a brand new list of 23 films, 4 TV shows, and 4 animation and comic works whose copyrights will be strongly enforced. Read More

Hit Mobile Game ‘Honour of Kings’ Inspires Celebrity TV Show

Dec 19, 2017 / News /

Thanks to the game’s extensive fan base and an A-list cast featuring actresses Angelababy and Lin Chi-ling, the new TV show “Kings Attack” has already gained 220 million views — though some unimpressed online commenters have called it “IQ-lowering” programming. Read More

iQIYI Nabs Exclusive China Rights to Acclaimed Films of 2017

Dec 18, 2017 / News /

Baidu-owned iQIYI, widely regarded as a Netflix of China, has announced that it secured exclusive online broadcasting rights in China for six films nominated by this year’s Golden Globe Awards. Read More

Video Sharing App Kuaishou Rumored to Raise New Funding with Valuation at $15 billion

Dec 16, 2017 / News /

China’s leading short social video and photo sharing app Kuaishou is rumored to launch a new round of funding with the estimated valuation at $15 billion, according to the self-media “Kaiqi.” Read More

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