Bottom line: Chinese video- and entertainment-related companies will continue to attract big investments and valuations over the next year due to their strong growth potential, even as sentiment cools towards other new media companies.
Mango TV eyes major new funding
Investor sentiment may be rapidly cooling towards many Internet areas in China, but entertainment is one that still remains quite popular. That’s my latest read on the markets, following news of major new financing for 2 companies and a new Sino-foreign co-production deal in the hot video and movie-making sectors.
Up-and-coming online video operator Mango TV is at the center of the biggest news in terms of value, with media reporting it’s aiming to raise a hefty 20 billion yuan ($3.2 billion) in just its second funding round. Movie ticket booking app Weiying Shidai is in a smaller but still sizable fund-raising headline, with reports that it has just raised 1.5 billion yuan in its third funding round. Last but not least is word of a film co-production deal between local studio Huace (Shenzhen: 300133) and global giant Twenty-First Century Fox (Nasdaq: FOX). Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 18. To view a full article or story, click on the link next to the headline.
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Former Google (Nasdaq: GOOG) China Chief Plans to Take Startup Incubator Public (English article)
Fox International Inks Production Deal With China’s Huace (Shenzhen: 300133) (English article)
Movie Ticket Booking Platform Weiying Shidai Wins 1.5 Bln Yuan Series C Funding (English article)
The following press releases and media reports about Chinese companies were carried on March 26. To view a full article or story, click on the link next to the headline.
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The following press releases and media reports about Chinese companies were carried on August 5. To view a full article or story, click on the link next to the headline.
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