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Capital injection for Baidu video unit

SHANGHAI New Culture Media Group Co and venture capital firm SAIF Partners have invested a total of 1 billion yuan (US$155 million) in Baidu’s video search unit. The capital injection will turn Baidu’s ...

April 21, 2016, Thursday


Twitter hires 1st chief exec for China

TWITTER introduced a new head of operations on Friday for China despite still being banned in the mainland, as it attempts to boost already booming advertising. While San Francisco-based Twitter is not ...

April 18, 2016, Monday


Letv to launch original online video series this year

CHINESE Internet company Letv announced its new production and broadcasting plans for video streaming on Wednesday. Letv officials said a batch of original online series in various genres will be produced ...

April 13, 2016, Wednesday


Baofeng forms new assets for ecosystem

BAOFENG.COM, which recently spent 3.1 billion yuan (US$478 million) to acquire three firms, said yesterday that it will set up a film production subsidiary and a virtual reality content fund of 300 million ...

March 29, 2016, Tuesday


Al-Jazeera set to cut over 20% of labor force

QATAR’S state-funded broadcaster Al-Jazeera yesterday announced a fresh round of job cuts with around 500 positions being lost, most of them at the network’s Doha headquarters. On top of existing losses ...

March 28, 2016, Monday


The Independent prints last edition

THE final print edition of The Independent newspaper went on sale Saturday, ending its 30-year appearance on British newsstands with an exclusive on an assassination plot against a former Saudi king. ...

March 28, 2016, Monday


Huayi eyes skillful use of animation

CHINESE film production company Huayi Brothers said yesterday that it plans to set up an animation unit with Hollywood veterans, part of its plan to expand internationally. Huayi Brothers, which has a ...

March 15, 2016, Tuesday


Alibaba tipped to buy stake in Caixin

The publisher of one of China’s most respected business magazines, Caixin, yesterday said it was seeking new investors following reports e-commerce giant Alibaba plans to take a stake in the company as...

March 3, 2016, Thursday


Music to the ears

UNIVERSAL Music’s music video content will broadcast on iQiyi from this year, targeting Chinese consumers willing to pay for online music services, both sides said yesterday in Shanghai. The content ...

March 1, 2016, Tuesday


Letv deal to screen CSL matches

LETV will broadcast Chinese Super League matches to Chinese soccer fans in 2016 and 2017 under an agreement worth several billion yuan. Letv and China Sport Media, a subsidiary of China Media Capital, ...

February 24, 2016, Wednesday




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