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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
LeTV to Purchase Flower Film for RMB 900 Mln
Shenzhen Stock Exchange, 3/13/14
Chinese online video and Internet TV content provider LeTV (Leshi) (300104.SZ) announced plans today to acquire a 100% share in Zhejiang-based film and TV production company Flower Film and TV Culture for RMB 900 mln through a combination of cash and stock. Read More
China's E-Commerce Platforms to Offer 7-Day Unconditional Return Policy
Saic.gov.cn, 2/13/14
China's State Administration for Industry and Commerce (SAIC) has issued new regulations requiring all e-commerce platforms to offer 7-day unconditional return policies to customers, effective March 15. Read More
LeTV to Acquire Flower Film & TV, LeTV New Media
Shenzhen Stock Exchange, 9/30/13
Online video and Internet TV content provider LeTV (Leshi) (300104.SZ) has announced that the company will acquire a 100% stake in Zhejiang-based film and TV production company Flower Film and TV Culture, as well as a 99.5% stake in Tianjin-based digital media products developer LeTV New Media Culture. Read More
Phoenix Digital to Acquire 55% Stake in Douwan
Shanghai Stock Exchange, 9/11/13
Phoenix Digital Media, the digital content subsidiary of Jiangsu-based book publisher and distributor Phoenix Publishing & Media (601928.SH), has announced that the company has acquired a 55% stake in Shanghai-based browser game developer and operator Douwan for RMB 277 mln. Read More
China Mobile Music Base Launches 4 New Products
Sohu IT, 12/07/12
At the Music Industry Development Forum 2012 on December 7, China Mobile's (NYSE: CHL; 0941.HK) wireless music base announced four self-developed products: tiered subscription to the operator's "Migu" branded mobile music service, version 4.0 of Music Box, Migu Index, and a new open platform. Read More
Focus Media Q1 2012 Profit Up 85% YoY
Focus Media PR, 5/28/12
Chinese digital media and Internet advertising operator Focus Media (Nasdaq: FMCN) has today announced its unaudited financial results for the first quarter ended March 31, 2012. Read More
Sumavision, Tsinghua Establish Media Convergence Lab
Sumavision PR, 5/15/12
The Tsinghua University School of Journalism and Communication, Beijing-based digital video and IPTV system provider Sumavision (300079.SZ), and Beijing-based smart phone application developer for social TV services Beijing Tongxiang Weishi Technology recently announced their cooperation in establishing the "Tsinghua Digital Media Convergence Laboratory." Read More
Focus Media Q-Card User Base Reaches 2.5 Mln
NetEase Tech, 3/20/12
Jason Jiang, CEO of Chinese digital media and Internet advertising operator Focus Media (Nasdaq: FMCN), stated in the Q4 2011 earnings call that its "Q-card" discount card has more than 2.5 mln registered users, and that Focus Media will introduce the "Q-card" mobile phone client in the second half of the year. Read More
Chongqing Unicom Out-of-Home Display Business Sued
China Business Daily, 11/11/11
Chongqing Unicom's new out-of-home display screens have come under attack from ad agencies suing to be released from their contracts. Read More
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