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Happigo Secures CSRC Approval to Acquire Five Hunan Broadcasting Businesses

Happigo, 6/22/18

TV and online shopping channel operator Happigo Home Shopping (300413.SZ), a subsidiary of Hunan Broadcasting System (HBS) company Mango Media, recently announced that the China Securities Regulatory Commission has approved its major asset restructuring and RMB 2 bln fundraising program, under which it will acquire five HBS subsidiaries including Kuaile Yangguang Interactive Entertainment Media (Mango TV), online and mobile game developer Mango Interactive Technology, TV production firm EE-Media, film studio Mango Studios, and entertainment content developer Mango Entertainment for a total of RMB 11.5 bln. Read More

Rumor: Mango Media Appoints New President

Caixin.com, 5/11/12

An industry source revealed recently that Ouyang Changlin, director of Hunan Broadcasting System (HBS), will retire at the end of this year, after which he will be replaced as chairman of HBS's new media and TV production subsidiary Mango Media by Chen Gang, who will also serve as the company's Party secretary. Read More

China's 2010 National Broadcasting Revenue Hits RMB 210 Bln

SJKooo.Com, 4/01/11

According to China's State Administration of Radio, Film and Television (SARFT), China's TV and radio broadcasting industry revenue exceeded RMB 210 bln in 2010, with CCTV, Shanghai Media Group (SMG), and Hunan Broadcasting System (HBS) each taking in over RMB 10 bln in revenues. Read More

Hunan Happigo Obtains RMB 330 Mln Funding

Economic Observer, 3/31/10

Happigo, a Chinese TV shopping and e-commerce firm owned by Hunan broadcaster Golden Eagle Broadcasting System (GBS), announced that it has received strategic investment from Hony Capital, CITIC Private Equity Funds Management, and Sequoia Capital. Read More

Rumor: Taobao to Form JV with Golden Eagle

Netease Tech, 12/08/09

An industry source has said that PR personnel at Chinese e-commerce platform Taobao have revealed to certain media that the company is discussing a possible joint venture with Hunan-based broadcasting network Golden Eagle Broadcasting System (GBS). Read More

TV Shopping Sales Reach RMB 15.6 Bln in 2008

21st Century Business Herald, 3/25/09

Chinese television shopping revenue reached RMB 15.6 bln in 2008. Read More

Hunan TV & Broadcasting Intermediary Stops Restructuring

China Business News, 10/21/08

Yesterday, the Hunan TV & Broadcast Intermediary (000917.SZ) stopped its major asset restructuring. Read More

TV Shopping Channel Sells Travel Services

Southern Metropolitan News, 11/27/07

The operator of Hunan Satellite TV's TV Shopping channel, Happigo, has recently started to sell overseas-travel offerings, leading the way in the development of travel programs designed to promote tourism. Read More