After a new round of financing and assets reorganization, Alibaba will own over 50 percent of AcFun, making Alibaba the controlling shareholder of this video-sharing site. Read More
Baidu-owned iQIYI, widely regarded as a Netflix of China, has announced that it secured exclusive online broadcasting rights in China for six films nominated by this year’s Golden Globe Awards. Read More
As a result of the deals, subscribers to the Youku service will be able to watch hundreds of films from NBCUniversal and Sony Pictures Television’s respective libraries for no additional fee. Read More
Netflix hasn't been able to launch its service in China due to the country's regulatory environment for foreign digital service provider. Alternatively, Netflix tries to engage the Chinese audience through content partnerships with Chinese companies. Read More
Yu Yongfu will officially step down as the Chairman of Alibaba Digital Media and Entertainment Group on December 1. Meanwhile, Yu is assigned as the head of eWTP, a new strategic investment unit to be established by Alibaba Group. Read More
Despite the buzz, the circulation of this rumor reflects the troubles Alibaba Pictures is facing: mediocre performance of a unit where the parent company had placed high hopes (and money) on. Read More
Did Bilibili, who now holds not only content copyrights but also the government green light, cross the political line like its competitor did? One would need to inspect all of the missing content to find out. Read More
Chinese video websites have rolled up their sleeves to make original content—from mainstream sitcoms and reality shows to the more niched genres of anime and documentaries. Read More
iQiyi, China's largest online streaming site, considers seeking initial public offering in the U.S. in 2018, according to sources familiar with the matter. Read More
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