Headlines from China: CMC and Merlin Entertainments to Develop 2nd LEGOLAND in China

 /  Headlines From China  / 
CMC (China Media Capital) and Merlin Entertainments Group recently inked a deal with Sanya municipal government to develop a LEGOLAND Park & Resort in Sanya, which is located in China's Hainan province and known as a popular tourist destination. Read More

Headlines from China: Nasdaq-listed iQiyi’s Q2 Total Earnings Reach $932.5 M

 /  Headlines From China  / 
On August 1, iQiyi (NASDAQ: IQ) released the company’s unaudited financial report for Q2. The report shows that iQiyi’s Q2 total revenue rose 51% year over year to 6.2 billion yuan ($932.5 million). The company remains unprofitable with a loss of 1.3 billion yuan ($200.7 million) during the reporting period. Read More