Chinese Theme Parks
Headlines from China: Will Alibaba Reacquire Stake in Momo?
More than one year ago, Alibaba sold down stakes in Momo four times and lost its position as the second largest shareholder. Momo's live streaming business then unexpectedly took off last year and brought the company significant amount of revenue. Read More
Wanda Quietly Launches Qingdao Movie Metropolis
On April 28, Wang Jianlin and Wanda formally opened their Qingdao Movie Metropolis, a massive complex featuring 30 film studios, a theme park, shopping mall, luxury hotels, and even a yacht club and international hospital. Read More
TCB In RMB: A Weekly Business Roundup
SoReal, the Virtual Reality venture of acclaimed Chinese auteur Zhang Yimou opened its first concept store this past Tuesday in a 32,000 square-foot location in central Beijing. Although the company refers to it as a VR Museum, it is more like an arcade, featuring VR films, interactive VR games and other immersive experiences-- and already Chinese reports are expressing doubts regarding its commercial viability. Read More