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SenseTime, SoftBank Join RMB 1.36 Bln Round in AI-based Video Solutions Firm Moviebook

Huanqiu Tech, 8/07/18

Beijing-based AI video solutions provider Moviebook Technology recently announced completion of RMB 1.36 bln in Series D funding from more than ten investors and strategic partners including computer vision and AI technology developer SenseTime Technology, SoftBank China Venture Capital, Shanghai-based media firm Oriental Pearl Media (600637.SH), PAC, Shenzhen Qianhai Wutong M&A Fund, Langsheng Investment, and individual investor Ge Weidong. Read More

Oriental Pearl, Qihoo 360 Partner on Mobile Internet Business

Oriental Pearl, 12/19/15

Shanghai-based media firm Oriental Pearl Media (600637.SH) has announced the formation of a strategic partnership with Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU) to develop a joint brand, BesTV 360, that focuses on mobile internet. Read More

Shaanxi Broadcast & TV to Raise RMB 955 Mln for Network Upgrade

Shaanxi Broadcast, 6/16/15

Ad agency services provider and cable TV network operator Shaanxi Broadcast & TV Network Intermediary (600831.SH) has announced a plan to raise up to RMB 955 mln through a private offering of 52.44 mln newly issued shares priced at RMB 18.21 per share to five designated investors. Read More

Online Ad Tracking Firm Miaozhen Completes USD 50 Mln Series D Funding

Sohu IT, 5/11/15

Beijing-based online ad tracking system provider Miaozhen Systems has announced that the company has completed USD 50 mln Series D funding led by Primavera Capital Group. Read More

China's SAPPRFT Tightens Regulations on OTT Set-top Boxes

Sohu Tech, 2/09/15

China's State Administration of Press and Publication, Radio, Film and Television (SAPPRFT) has tightened its regulations on over the top (OTT) Internet TV set top boxes (STB) with several manufacturers failing to gain approval over the last several months. Read More

Alibaba to Invest in Merged BesTV+Oriental Pearl Media Firm

21st Century Business Herald, 9/25/14

According to an investor in Chinese media conglomerate Shanghai Media Group (SMG), e-commerce giant Alibaba Group (NYSE: BABA) will make an RMB 9-digit strategic investment in an unnamed publicly traded media company. Read More

Update: SMEG to Merge BesTV and Shanghai Oriental Pearl

21st Century Business Herald, 9/18/14

Chinese media company Shanghai Media & Entertainment Group (SMEG) has announced that the company will merge two of its subsidiary companies, TV service operator BesTV New Media (600637.SH) and media company Shanghai Oriental Pearl Group (600832.SH), as well as carry out a non-public share issuance for the newly merged company. Read More

Rumor: SMG, SMEG Poised to Complete Merger

Sarft.net, 3/25/14

Chinese media companies BesTV New Media (600637.SH) and Shanghai Oriental Pearl (Group) (600832.SH) both announced suspension of trading in their respective company shares beginning on March 24, with trading to resume following company announcements. Read More

Rumor: BesTV to Finance SMEG, SMG Planned IPO

Lmtw.com, 2/19/14

Shanghai Media Group subsidiary BesTV New Media (600637.SH) has announced the suspension of trading in the company's shares beginning on February 19, due to uncertainty caused by planned equity incentives from the company's board of directors. Read More

China Telecom, Aishang Dianshi Partner on IPTV Business

Lmtw.com, 11/19/13

Aishang Dianshi, a joint venture between Shanghai Media Group subsidiary BesTV New Media (600637.SH) and China Central Television's (CCTV) national online TV station CNTV, signed a partnership agreement today with China Telecom (NYSE: CHA; 0728.HK) to cooperate in the roll-out of IPTV platforms, networks, content, and services. Read More