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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

Tencent Pictures Forms Film Distribution Subsidiary

Tencent Tech, 4/23/18

Chinese internet conglomerate Tencent's (0700.HK) Shanghai-based film studio Tencent Film Culture Communication (Tencent Pictures) recently announced the formation of a wholly owned subsidiary film distribution company, dubbed Tencent Pictures Distribution, in a presentation at the UP2018 Tencent New Culture and Innovation Eco Congress. Read More

Baofeng to Spend RMB 3 Bln to Acquire Three Entertainment Companies

Baofeng, 3/14/16

Beijing-based media player software developer Baofeng (300431.SZ) recently said that it will issue stock and pay cash to acquire two online gaming companies and one film studio. Read More

Finance Firm 'Baocheng' to Acquire Game and Film Companies

Baocheng Investment, 1/12/15

Chinese capital management firm Baocheng Investment (600892.SH) has announced plans to raise nearly RMB 2.5 bln to acquire Shenzhen-based online game developer Taole Network Technology and Beijing-based film studio Zhonglian Chuandong (Vision Power). Read More

Online Shopping Rebate Firm 51Fanli Lands USD 20 Mln Series B

21st Century Business Herald, 5/28/14

Chinese online rebate and consumer directory website 51Fanli.com, operated by Shanghai Zhong Yan Information Technology, has landed USD 20 mln in second-round funding from SIG Asia Investment. Read More

Tencent Gaming Division Introduces "Pan-Entertainment " Strategy

National Business Daily, 4/19/13

Shenzhen-based internet and mobile services company Tencent's (0700.HK) online gaming-focused interactive entertainment business group announced today that it is gradually broadening its focus from online games to encompass games, animation, literature, film and television, and other related interactive entertainment media as part of its "pan-entertainment" strategy. Read More

BesTV Signs Film Licensing Deal with Paramount

SARFT.net, 1/24/13

Shanghai Media Group subsidiary BesTV New Media (600637.SH) has signed a content licensing agreement with US film studio Paramount Pictures. Read More

The9, ZTE Form Interactive TV VAS Venture

Netease Tech, 12/12/12

Chinese online game developer and operator The9 (Nasdaq: NCTY) and telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) today announced a strategic partnership to establish a joint venture, ZTE-The9 Network Technology, constructing a TV value-added services (VAS) demonstration base in Wuxi aimed at developing domestic interactive TV value-added services. Read More

Rumor: Sohu to Acquire South Korean Film Studio

Donews, 8/31/12

An industry source revealed recently that Sohu Video, the online video platform operated by Chinese Internet firm Sohu (Nasdaq: SOHU), has reached an acquisition agreement with the South Korean film production firm CJ Entertainment under which it will wholly acquire the company. Read More

SMC, Disney Partner on TV Animation

Southern Daily, 8/15/12

Southern Media Corporation (SMC) recently signed a strategic memorandum with the Walt Disney Company in Guangzhou to jointly develop children's programming and cartoon TV channels and produce content featuring Chinese cultural settings and stories to be introduced to the global market via Disney's platforms. Read More