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Watermelon Video to Invest RMB 4 Bln to Create Self-developed Variety Show Platform
DoNews, 8/02/18
Beijing-based Bytedance Technology, operator of short video platform Xigua Shipin ("Watermelon Video"), has announced plans to invest RMB 4 bln over the next year to develop its own variety show platform. Read More
Happigo Secures CSRC Approval to Acquire Five Hunan Broadcasting Businesses
Happigo, 6/22/18
TV and online shopping channel operator Happigo Home Shopping (300413.SZ), a subsidiary of Hunan Broadcasting System (HBS) company Mango Media, recently announced that the China Securities Regulatory Commission has approved its major asset restructuring and RMB 2 bln fundraising program, under which it will acquire five HBS subsidiaries including Kuaile Yangguang Interactive Entertainment Media (Mango TV), online and mobile game developer Mango Interactive Technology, TV production firm EE-Media, film studio Mango Studios, and entertainment content developer Mango Entertainment for a total of RMB 11.5 bln. Read More
Today's Headlines Allies with Satellite TV Networks on Content Production, Promotion
Securities Times, 6/20/18
Online and mobile news portal platform Today's Headlines, operated by Beijing-based Bytedance Technology, has made an announcement in Shanghai that it has formed a strategic partnership with five major satellite television networks including Hunan Satellite TV, Beijing Satellite TV, Dragon TV, Jiangsu Satellite TV and Zhejiang Satellite TV. Read More
Online Entertainment Firm Perfect World to Raise RMB 1 Bln for Film Investment
Perfect World, 6/04/18
Chinese online entertainment firm Perfect World (002624.SZ) has announced plans to raise up to RMB 1 bln in funding through a non-public offering. Read More
Tencent Pictures Forms Film Distribution Subsidiary
Tencent Tech, 4/23/18
Chinese internet conglomerate Tencent's (0700.HK) Shanghai-based film studio Tencent Film Culture Communication (Tencent Pictures) recently announced the formation of a wholly owned subsidiary film distribution company, dubbed Tencent Pictures Distribution, in a presentation at the UP2018 Tencent New Culture and Innovation Eco Congress. Read More
Tencent Acquires Enlight Media's 28% Stake in TV and Film Producer New Classics Media
Enlight Media, 3/12/18
Beijing-based TV and film investment, production, and distribution company Enlight Media (300251.SZ) recently announced that it has signed a share transfer agreement with Linzhi Tencent Technology, a subsidiary of Chinese internet conglomerate Tencent (0700.HK), to transfer its entire 27.64% stake in Beijing-based New Classics Media to Tencent for a total consideration of RMB 3.317 bln. Read More
Enlight Media to Invest RMB 30 Mln in Film and TV Series Producer Lanbaihong
Enlight Media, 3/12/18
Beijing-based TV program and film investment, production, and distribution company Englight Media (300251.SZ) recently announced that its subsidiary Beijing-based Enlight Pictures will invest RMB 30 mln in Suzhou-based film and TV series production, investment, and distribution firm Lanbaihong Film. Read More
Baidu Ventures Leads Series C Investment in Projector TV Maker XGimi
36kr.com, 11/20/17
Chengdu-based projector TV manufacturer XGimi Technology recently completed Series C funding led by Chinese internet company Baidu's (Nasdaq: BIDU) investment arm Baidu Ventures. Read More
Tencent Invests in Animation Production Firm Tuzi Culture's Series A Round
Lieyunwang, 9/01/17
Beijing-based animation content production firm Tuzi Culture has completed RMB 8-digit Series A funding from Chinese internet and mobile services firm Tencent (0700.HK). Read More
Huayi Brothers Invests in Movie Marketing Firm Magilm Pictures
DoNews, 11/17/16
Beijing-based movie marketing services Magilm Pictures Culture Media recently announced completion of approximately RMB 200 mln in Series D funding from Chinese film and TV production firm Huayi Brothers (300027.SZ). Read More
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