Le.com Prepares for Potential Bankruptcy and Delisting

 /  News  / 
Le.com, internet technology and content company founded by Jia Yueting, founder of Faraday Future (FF), reported a total debt with interest to be around RMB8 billion ($555.4 million) for the period ended September 30 during an interim shareholders’ meeting on November 19. Read More

Jia Yueting’s Le.com Shares Frozen Due to Unpaid Debts

 /  Money  / 
According to a recent notice posted to the Shenzhen Stock Exchange website, a Chinese court has ordered all of Jia’s Leshi shares to be frozen. In addition, 5 million shares that Jia pledged to Orient Securities have been released due to an unpaid debt. Read More

Headlines from China: Alibaba Quietly Launches Short-video App “Lu Ke” on Apple Store

 /  Headlines From China  / 
Douyin's huge popularity among Chinese young people and its ability to influence consumer behaviors led many internet and e-commerce firms to create their own short-video apps. Read More

Headlines from China: Funding From Tencent, JD.com Boosts Leshi Stock 

 /  Headlines From China  / 
Since August 21, stock price of Leshi, which belongs to the troubled LeEco, has been doubled from 2.08 yuan per share to 4.15 yuan. Many industry insiders believe that the soaring Leshi stock was likely boosted by the funding raised by Leshi's new media unit from Tencent and JD.com. Read More

Headlines from China: Chinese Film Industry Research Report Launches English Version For the First Time

 /  Headlines From China  / 
This annual report just entered its 12th year, but this is the first time the Report launches its international version. Read More

Headlines from China: CAA China and Production Firm Give Me Five to Launch New Fund

 /  Headlines From China  / 
On April 26, CAA China and Chinese film and TV production company Give Me Five (五元文化) officially entered a deal to jointly launch a new script development fund. Read More

Headlines from China: Disney Responds to Complaints from Chinese Avengers Fans

 /  Headlines From China  / 
Yesterday, Walt Disney Pictures hosted a press conference in China and apologized to Avengers Fans for making them disappointed at the 10th Anniversary celebration of the Marvel Cinematic Universe last Thursday at Shanghai Disney Resort. Read More

Headlines from China: Hollywood’s Localization in China: What Works, What Doesn’t

 /  Headlines From China  / 
This article analyzes four major strategies Hollywood often uses to localize films for the Chinese market. Find out what works and what doesn't. Read More

Headlines from China: Sun Hongbin Resigns as Leshi Chairman

 /  Headlines From China  / 
Sun Hongbin will step down as the Chairman of Leshi, the listed arm of the troubled LeEco. Liu Shuqing, the current General Manager of LeShi, is appointed as interim chairwoman. Read More

Headlines From China: What Can Blockchain Technology Do in Entertainment and Media?

 /  Headlines From China  / 
After the launch of bitcoin futures in major exchanges, blockchain has become a hot topic across industries in China. Many entertainment and media companies are trying to ride the blockchain wave in order to raise more funds. Read More