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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

China Strengthens Regulation of Audio-visual Content Creation and Broadcasting

Pencil News, 3/22/18

China's State Administration of Press, Publication, Radio Film and Television (SAPPRFT) recently issued a special notice on strengthening regulatory oversight for online audio-visual program broadcasting, including management rules covering unlawful crawling, clipping, and editing activity and sponsorship of different types of programming. 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

Update: Weibo Updates Video Content Rules Following SAPPRFT Notice

Weibo, 6/28/17

Chinese microblogging platform Weibo (Nasdaq: WB), a subsidiary of Sina (Nasdaq: SINA), recently announced an update to some of its rules following a notice from the State Administration of Press and Publication, Radio, Film and Television (SAPPRFT) on June 22, requesting that Weibo correct problems related to its audio-visual programming services. Read More

Alibaba to Invest RMB 1 Bln in Open Platform for Film Creators

Tencent Tech, 4/18/17

Alibaba Group's (NYSE: BABA) online video site operator Youku Tudou recently announced that the company, Alibaba Literature, and Alibaba Pictures Group (1060.HK) will jointly invest RMB 1.0 bln on "Project HAO," which aims to provide online movie content creators with an open platform, open IPs, and open resources. Read More

Wanda's Mtime Updates Mobile Apps, Launches Film-related Live Broadcast Channel

iFeng Entertainment, 11/15/16

Online movie information portal Mtime.com has updated both its mobile apps, Mtime and Mtime Pro, with the former integrating a film-related live broadcasting feature and the latter improving upon its existing features. Read More

Douban Establishes Film Production Subsidiary

36Kr.com, 10/17/16

Chinese arts and music SNS Douban has announced the formation of a film production subsidiary called Feichuan Pictures. Read More

Rumor: Enlight Media Buys Stake in Meituan-Dianping's Movie Ticketing Business

Tech2ipo, 5/23/16

Beijing-based television and film company Enlight Media (300251.SZ) has reportedly completed the acquisition of a stake in online ratings and group buy platform Meituan-Dianping's online movie ticketing service Maoyan Dianying, according to a number of sources familiar with the matter. Read More

Movie Ticket Booking Platform Weiying Times Wins RMB 3 Bln Series C+

Beijing Business Today, 4/27/16

Beijing-based online movie ticket booking platform operator Weiying Times Technology recently announced completion of RMB 3 bln Series C+ funding led by Dalian-based mobile game developer Zeus Entertainment (002354.SZ). Read More

Movie Ticket Booking Platform Weiying Times Wins RMB 1.5 Bln Series C

iYiou, 11/17/15

Beijing-based mobile and online movie ticket booking platform operator Weiying Times announced today that it has secured RMB 1.5 bln in Series C funding led by Wenzi Huaxia Movies Culture Fund, with co-investments from CITICS Prosperity Fund Management, Granite Global Ventures, Noah Private Wealth Management, Gopher Asset Management, internet and mobile services firm Tencent (0700.HK), and entertainment conglomerate Dalian Wanda Group. Read More