Tencent Aims to Challenge Douyin with $1.5 Billion Investment in Kuaishou
Tencent is in talks with short video app Kuaishou, known as Kwai in English, about investing between $1 billion and $1.5 billion in the platform. Details of a potential deal have already emerged on Chinese financial blog IPO Zaozhidao. Read More
Tencent, J.J. Abrams in Gaming Partnership
Bad Robot, the media vehicle of Hollywood producer, director and writer J.J. Abrams, said it has entered a strategic partnership with Chinese internet giant Tencent Holdings Ltd. to create games spanning mobile, PC and console formats. Read More
Entertainment Finance: Where Will the Money Come From?
Entertainment finance has had its ups and downs, but with the industry going through a major change, how will financing methods and models evolve? Read More
Chinese Cinema Chain UME Acquired by China Media Capital
CMC and UME have not responded to the reports, but publicly available documents indicate the deal is in the offing. Read More
CAA, Bona Film Group Launch $150 Million Film Fund with ‘Midway’
Creative Artists Agency (CAA) and Bona Film Group will kick off a US$150 million film production fund with an investment in blockbuster director Roland Emmerich's upcoming "Midway," the two companies announced Friday. Read More
Wanda Cinema Line To Acquire 1.9 Percent Stake In Bona Film Group
New Bona cinemas -- including both newly constructed and newly purchased cinemas -- will now become a part of Wanda Cinema Line, according to the agreement. Read More
Is US$2.4 Billion Enough to Redeem Cash-Strapped LeEco?
China real estate titan Sunac China Holdings Ltd. will become LeEco's second-largest shareholder after leading RMB 16.8 billion (US$2.4 billion) in fresh funding. Read More
Macrolink Group Invests RMB 150 Million in Bona Film Group
Property developer Macrolink Group has agreed to invest RMB 150 million (US$22.13 million) in entertainment company Bona Film Group. Read More
China’s Virtual Reality Investment is Moving its Focus to Content
Chinese investors are now increasingly seeking quality virtual reality content rather than hardware. Read More
Could China Shut Down Foreign Web Publishing? Sure. Will it? Nope.
New rules governing the Internet in China go into effect on Thursday, March 10. Read More