Media

Only Two Out of Seven Business Arms of LeEco Are Profitable, Says Report

Only Two Out of Seven Business Arms of LeEco Are Profitable, Says Report

The information disclosed by listed companies and those obtained from other sources indicates that only LeTV [SHE:300104] and the company’s…

Jul 11, 2017
Xu Wei
New Media Becomes Major Dissemination Channel for Shanghai’s Animation Industry

New Media Becomes Major Dissemination Channel for Shanghai’s Animation Industry

New media animation has grown rapidly in recent years, and internet, particularly mobile internet, has become the major channel of…

Jul 6, 2017
Xu Wei
Sunac Snatches Another 6% Stake in Le Vision Pictures from LeTV Holdings

Sunac Snatches Another 6% Stake in Le Vision Pictures from LeTV Holdings

Sunac China Holdings Ltd. (HKG:1918) has upped its stake in Le Vision Pictures from 15% to 21%, finance.qq.com reported yesterday.

Jul 6, 2017
Xu Wei
Ping An Bank Responds to Reports It Loaned Leshi USD735 Million, Says Amount Is Incorrect

Ping An Bank Responds to Reports It Loaned Leshi USD735 Million, Says Amount Is Incorrect

Ping An Bank Co. [SHE:000001] has responded to claims that Leshi companies borrowed USD735 million (CNY5 billion) from it, saying…

Jul 6, 2017
Xu Wei
Jia Yueting Steps Down as LeEco’s Legal Agent to Smooth His Flight From China

Jia Yueting Steps Down as LeEco’s Legal Agent to Smooth His Flight From China

Jia Yueting has ceased to act as the legal representative of LeEco (Beijing) Co.

Jul 5, 2017
Xu Wei
Wanda Film Halts Trading Amid Suggestions It Will Acquire Wanda Media

Wanda Film Halts Trading Amid Suggestions It Will Acquire Wanda Media

Wanda Film Holding Co. [SHE:002739] is planning a major acquisition of media assets, and the deal is expected to be…

Jul 4, 2017
Liao Shumin
Court Froze USD182 Million of Assets of Jia Yueting, His Wife and Three Companies Last Week

Court Froze USD182 Million of Assets of Jia Yueting, His Wife and Three Companies Last Week

Following the exposure of another cash crisis at Leshi Holding (Beijing) Co., a court issued an order last week freezing…

Jul 4, 2017
Xu Wei
China Rolls Out New Regulations for Online Audio-Visual Content to Be Previewed by Three Auditors

China Rolls Out New Regulations for Online Audio-Visual Content to Be Previewed by Three Auditors

China has unveiled new rules to vet online audio-visual programs before they are posted on the internet. China’s media regulator…

Jun 30, 2017
Yicai Global
Sina Weibo Bans Unlicensed Film, TV Content, Long Videos in Response to Regulator’s Warning

Sina Weibo Bans Unlicensed Film, TV Content, Long Videos in Response to Regulator’s Warning

China’s largest social media platform Sina Weibo, operated by Weibo Corp. [NASDAQ: WB], will stop allowing its users to upload…

Jun 29, 2017
Shen Jiayi
Financial Problems of Unlisted Firms More Severe Than Thought, Need Greater Boost, Jia Yueting Says

Financial Problems of Unlisted Firms More Severe Than Thought, Need Greater Boost, Jia Yueting Says

The financial problems in Leshi’s unlisted system are more severe than expected, with the situation in the past few months…

Jun 29, 2017
Yicai Global
Chinese Media Regulator Shuts Down Weibo’s Video Services for Operating Without License

Chinese Media Regulator Shuts Down Weibo’s Video Services for Operating Without License

China’s media regulator said it will shut down the audio and video services run by Weibo Corp. [NASDAQ:WB], often dubbed the Chinese Twitter, as it doesn’t have the required license.

Jun 22, 2017
Yicai Global
Chinese Media Group, Investment Management Firms to Set Up USD588 Million AI Fund

Chinese Media Group, Investment Management Firms to Set Up USD588 Million AI Fund

Media organization Zhejiang Daily Digital Culture Group Co. [SHA:60633] said it will invest USD73.4 million (CNY500 million) alongside Innovation Works (Shanghai)…

Jun 19, 2017
Yicai Global

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