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News on the Chinese Media & Gaming

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Less brotherly love

Investors spooked by Huayi share pledge
Jun 22, 2018 (WiC 414)

Shortly before Jia Yueting’s empire started to unravel last year, the founder and largest shareholder of technology and media group LeEco pledged Rmb39 billion ($6 billion) of shares in the group’s Shenzhen-listed unit, Leshi Internet ...

Headline earnings

Zimeiti hunt media profits but they still need to play by the rules
Jun 15, 2018 (WiC 413)

“Call it ‘We Media’. Journalism is evolving away from its lecture mode – i.e. here's the news, and you buy it or you don't,” wrote Silicon Valley journalist Dan Gillmor in the Columbia Journalism Review in 2003. Gillmor later ...

Evergrande puts Wanda rivalry on big screens
Mar 16, 2018 (WiC 401)

In September 1998, fans were shocked after Dalian Wanda, the runaway leader of China’s football league, lost a cup semi-final to a lower division side. That was not because of the defeat but the unexpected appearance of the club’s owner Wang ...

Censors hard at work as Xi extends term at Two Sessions
Mar 16, 2018 (WiC 401)

The annual meetings of China’s legislative and consultative bodies – known as the Two Sessions – is always a sensitive time for the country’s media industry. But following a constitutional amendment to drop the Chinese president’s term ...

Empire building

Xiaomi backs China’s Bloomberg-in-the-making
Mar 9, 2018 (WiC 400)

US media mogul Rupert Murdoch was once rumoured to be an investor in Beijing-based electric appliances maker Xiaomi. The speculation was fuelled by a highly publicised meeting between the News Corp boss and Xiaomi’s founder Lei Jun in 2015, as ...

The boss of LeEco’s struggling sports-streaming unit is latest to quit
Feb 9, 2018 (WiC 397)

After its acquisition by Google, YouTube has continued to grow – roughly 1.5 billion people used it in December, for instance. According to Alphabet’s CEO Sundar Pichai, the company is placing some of its biggest financial bets on the site ...

The smart money

Why a little knowledge is a big business in China
Feb 2, 2018 (WiC 396)

The Times Square New Year’s Eve celebration is probably the most famous in the world. And over the decades a famous broadcast has been made at the party’s scene: Dick Clark’s New Year's Rockin' Eve. The show began in its current ...

Can Caixin get readers to pay for its news?
Nov 3, 2017 (WiC 386)

The financial publisher Caixin has never been afraid to take risks. During its seven-year existence the weekly magazine has written damning exposés of large companies and powerful people. It has also challenged the government over sensitive ...

Meet the UK studio making big money in China
Oct 6, 2017 (WiC 383)

What is the magic sauce needed for a blockbuster children’s TV show in China? Peppa Pig has certainly got it, given the 34 billion views the cute little porcine has attracted since she was launched on an unsuspecting Chinese public late in ...

A longrunning talk show is the latest victim in Party Congress clampdown
Sep 22, 2017 (WiC 381)

China’s television regulator SAPPRFT isn’t known for its sense of humour. So it was no surprise that as early as July it was already talking about selectively banning television shows to “enforce a strong and comprehensive political view” ...

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