Two headlines are casting a spotlight on a love affair between China and Hollywood being fueled by a soaring Chinese box office that could one day surpass the US as the world’s largest. One of the news bits shows just how big the Chinese box office is becoming, with word that domestic ticket sales soared 25 percent in the first half of the year. The other headline highlights the growing number of partnerships that are springing up, with industry giant Shanghai Media Group (SMG) reportedly in a deal to buy Galloping Horse, a Beijing production house whose assets include the Hollywood Digital Domain special effects house. Read Full Post…
Shanghai is quickly emerging as ground zero for the world’s top 2 gaming console makers to enter China, with word that Sony (Tokyo: 6753) has formed a new local tie-up aimed at bringing its PlayStation to the market. The company’s new plan comes just weeks after word emerged of a similar plan by rival Microsoft (Nasdaq: MSFT) for its popular Xbox in partnership with another Shanghai media company. Both companies are seeking to tap China’s massive appetite for electronic gaming, after Beijing recently lifted a decade-long ban on the sale of foreign consoles in the market. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 1. To view a full article or story, click on the link next to the headline.
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Huawei 2013 Profit At 21 Bln Yuan, Sales Outpace Ericsson (Stockholm: ERICb) (Chinese article)
Shanghai Media Group Undergoes New Round Of Restructuring (Chinese article)
Xiaomi Targets 100 Mln Handset Shipments In 2015 (English article)
Alibaba Invests $692 Mln In Chinese Department Store Operator (English article)
Tesla’s (Nasdaq: TSLA) China Chief Resigns, Company Cites Personal Reasons (English article)
Retail village to debut alongside Shanghai Disneyland
An amusing rivalry between 2 US entertainment giants is rapidly shaping up in Shanghai, with developers of the new Disneyland (NYSE: DIS) resort announcing a major new retail development just days after DreamWorks Animation (NYSE: DWA) broke ground on its own massive entertainment complex in the city. The close timing of these 2 announcements may be partly coincidental, but the rivalry certainly isn’t. Hollywood followers will know that DreamWorks Animation chief Jeffrey Katzenberg was formerly the head of Disney’s famous animation division, and only left the company after a famous fall-out with former Disney chief Michael Eisner. Read Full Post…
The following press releases and media reports about Chinese companies were carried on March 8-10. To view a full article or story, click on the link next to the headline.
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Many of the usual global CEOs are in China this week for the annual Fortune Global Forum in the interior city of Chengdu, but what’s really interesting this year is the presence of many big Hollywood executives. I use the word “interesting” instead of “surprising”, because the presence of top executives from names like DreamWorks Animation (Nasdaq: DWA) and Time Warner (NYSE: TWX) isn’t really that unexpected considering the sudden love affair between China and Hollywood that’s developed rather rapidly over the last year and a half. Even the music industry is finally starting to believe in the huge potential of the China market, with the head of the US-based Recording Academy, organizer of the Grammy Awards, also attending the event in Chengdu. Read Full Post…
China’s sluggish media and telecoms sectors are getting a couple of new boosts from different directions, as part of Beijing’s bid to breathe new life into a space now dominated by slow-moving state-run behemoths. The first of those boosts has one such behemoth, CCTV, in a new joint venture to promote Internet protocol television (IPTV) with Shanghai Media Group (SMG), China’s second largest media company. The second is a bit more incremental, with media reporting that Beijing has just issued a formal pilot plan for setting up the nation’s first batch of virtual network operators (VNO). Read Full Post…
The following press releases and media reports about Chinese companies were carried on May 21. To view a full article or story, click on the link next to the headline.
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Goldman Exits China’s ICBC (HKEx: 939), 7 Years And Billions Later (English article)
The following press releases and media reports about Chinese companies were carried on March 22. To view a full article or story, click on the link next to the headline.
The following press releases and media reports about Chinese companies were carried on September 23. To view a full article or story, click on the link next to the headline.
