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BesTV Increases Stake in P2P Video Site Funshion to 54%

Shanghai Stock Exchange, 8/15/13

Shanghai Media Group subsidiary BesTV New Media (600637.SH) has increased its investment in Beijing-based Funshion Online Technologies, operator of P2P-based online video site Funshion.com. Read More

BesTV, Funshion Cooperate on Internet TV STB

iFeng, 5/28/12

Luo Jiangchun, CEO of Funshion Networks, stated recently that the Beijing-based P2P online video player maker is working with Shanghai Media Group (SMG) on R&D for an internet TV set-top box (STB). Read More

BesTV to Invest USD 30 Mln in Funshion

Sohu IT, 3/27/12

Shanghai Media Group IPTV subsidiary Shanghai BesTV New Media (600637.SH) issued a public filing today announcing that it plans to spend USD 30 mln in cash to acquire 35% shares of Beijing-based P2P online video player maker Funshion Networks and subsidiary Beijing Funshion Online Technologies, both though stock acquisition and increasing its existing investments in Funshion. Read More

Xunlei Receives Warning Over Video Copyrights

Securities Daily, 1/04/12

The National Copyright Administration of China (NCAC) has added online P2P video service provider, download accelerator software developer, and online game operator Xunlei to its copyright non-compliance list for the first time in its recent audit of 18 online video sites due to Xunlei's failure to provide a complete list of its TV drama content and relevant licenses. Read More