The partnership will include more than 40 movies in the upcoming year.
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Posted inHeavy Hitters
Briefing: Game live-streaming platform Panda TV may file for bankruptcy
Panda TV’s potential bankruptcy filing highlights the intense competition in the Chinese livestreaming market.
Posted inViews
The rise of video game livestreaming in China
The market experienced a period of boom and bust in 2016–2017, as smaller platforms lost both broadcasters and users.
Posted inOn the Cusp
PandaTV says its not dead and will file for an IPO this year
“We are not dead, and PandaTV is about to profit,” PandaTV’s Chief Operation Officer Zhang Juyuan told local media.
Posted inNews
Is There A Film Industry Bubble? China’s Top Tech-Backed Figures Weigh In
The speed with which the Chinese film industry has developed in recent years has been dizzyingly fast, even for the country’s most experienced veterans. “Less than a decade ago it was the filmmakers who went out looking for financing,” Alibaba Pictures CEO Zhang Qiang told a forum on finance and film at the Shanghai International […]
Posted inWith Chinese Characteristics
China’s entertainment and culture industry is quickly realizing the power of IP
Reading entertainment news and content economy business insights published by Chinese media, it’s not surprising to see the direct use of the term “IP” (in Chinese). This intellectual property’s abbreviated form in Chinese context now refers to concepts of authenticity, brands, characters, stories, and even prototypes of ancient myths. Major entertainment and cultural players are […]
Posted inNews
Alibaba Pictures Invests in Hangzhou Cinema Company
Alibaba Pictures, the entertainment arm of the Chinese e-commerce giant, is investing RMB 100 million (US$15.2 million) for an 80 percent stake in a movie theater operator in its hometown of Hangzhou, as it takes on rival Dalian Wanda. The company will acquire around 61 percent of Hangzhou Xingji from shareholder Hangzhou Kunwei for RMB […]
Posted inNews
Top 3 Funding Stories From China This Week: CrazyCDN, Suishouzan, Mtime
CDN Provider CrazyCDN Lands $10 million USD Series A CDN (Content Delivery Network) Provider CrazyCDN announced a $10 million USD series A led by Morningside Ventures. The Shanghai-based company is co-founded by Alibaba’s Xiao Zhi Ming and Alibaba vice president Dr. Lu Peng. Wealth Management Company, Suishouzan Receives Several Million RMB Seed Funding From Gobi Partners Wealth management company, Suishouzan […]
Posted inNews
Chinese Online Gaming Firm Giant Interactive Gets into Pictures
Chinese online game developer and operator Giant Interactive Group is getting into China’s booming movie business, local media reports said. According to the reports on Monday, the company has formed a new subsidiary called Giant Pictures (Jùrén Yǐngyè / 巨人影业) It is the first major move Giant has made since it was privatized in 2014 […]
Posted inNews
China To Halt New Entertainment, Tech Stocks To Stave Off Market Bubble
In a bid to head off a speculative bubble, China’s securities regulator is set to bar companies from selling new shares to fund investments in film and television, online gaming, internet finance and virtual reality, fields that it deems non-core businesses, a leading national magazine reported. Citing two unnamed sources, one at the China Securities […]
