China's media regulator will select 5000 movie theaters across the country to form a "People's Cinema Line," according to a recent statement from the State Administration of Press, Publication, Radio, Film, and Television (SAPPRFT). Read More
Alibaba’s online ticketing service Taopiaopiao has distributed films with a total box office earning of 15.4 billion yuan ($2.4 billion) in 2017, having contributed to the distribution of 22 films. Read More
Researchers believe that the rising number of cinema screens has exceeded the actual demand, while online video platforms see continued growth in the number of users. Focusing on content-based products will likely make Perfect World more competitive. Read More
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