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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

Alibaba to Invest in Merged BesTV+Oriental Pearl Media Firm

21st Century Business Herald, 9/25/14

According to an investor in Chinese media conglomerate Shanghai Media Group (SMG), e-commerce giant Alibaba Group (NYSE: BABA) will make an RMB 9-digit strategic investment in an unnamed publicly traded media company. Read More

Chinese Government Issues New Rules for TV Shopping Ads

Sina Tech, 12/12/13

7 Chinese government departments have jointly released a notice regarding the reorganization of the TV shopping ad industry. Read More

Suning.com to Test Electronic Receipts in August

Analysys, 6/27/13

A spokesperson for Chinese consumer electronics and home appliances retailer Suning's (002024.SZ) e-commerce platform Suning.com announced at an industry conference yesterday that the site will complete development of an electronic receipt system for customers in Nanjing in July. Read More

Future Television, LG Cooperate on Internet TV

Beareyes.com, 8/16/12

Future Television, the internet TV subsidiary of CCTV's national online TV station CNTV, recently announced a strategic partnership in Beijing to provide content for LG Electronics' multi-screen internet TV services available on LG devices such as TV sets, projectors, and content players. Read More

Rumor: Caixin to IPO in Three Years

Money Week, 7/30/12

A number of industry sources reported today that Chinese internet and mobile giant Tencent (0700.HK) had invested in Caixin Media Company through an arrangement involving the issue of new stock as well as a proportional investment from the Zhejiang Daily Media Group (600633.SH), preserving the latter's 40% stake in the company. Read More

China Issues Industry Standards for Media Ads

International Business Daily, 5/15/12

China's Ministry of Commerce recently announced the approval of a new set of industry standards for advertising in the online, mobile, and TV shopping space. Read More

Rumor: Mango Media Appoints New President

Caixin.com, 5/11/12

An industry source revealed recently that Ouyang Changlin, director of Hunan Broadcasting System (HBS), will retire at the end of this year, after which he will be replaced as chairman of HBS's new media and TV production subsidiary Mango Media by Chen Gang, who will also serve as the company's Party secretary. Read More

Chinese Smart TV Tech Association Introduces New OS Standard

Sina, 4/11/12

The China Smart Multimedia Terminal Technology Association (STA) in Shenzhen introduced a new smart TV operating system standard, STV OS 1.0. Read More

2011 China Bi-directional TV User Base Reaches 8.8 Mln

ResearchDTV, 3/09/12

On March 1, Beijing-based TV industry consulting firm CMR-Union released its predictions for the development of the Chinese bi-directional and interactive cable upgrade market in 2012. Read More