Chinese-Speaking Markets
Baidu Shareholder Challenges iQiyi Sale
Baidu shareholder Acacia Partners has asked the company’s chairman Robin Li to withdraw his bid to take streaming site iQiyi private, claiming that the sale price is far too low.
Chinese-Speaking Markets
Tencent Acquires CMC As China Strives To Grow Music Market
Chinese digital giant Tencent has acquired a controlling stake in China Music Corp (CMC) in a move that could help carve out a legitimate online music market in China.
Middle East
Tencent Acquires Majority Stake In Supercell
Following weeks of speculation, Chinese digital titan Tencent has bought a majority stake in Finnish mobile gaming company Supercell from Japan’s Softbank for $8.6bn.
Chinese-Speaking Markets
iQiyi Paying Subscriber Numbers Reach 20 Million
Chinese streaming platform iQiyi has reported that its paying subscriber numbers surpassed 20 million as of June 1, 2016.
Chinese-Speaking Markets
Viki Strikes Content Deal With China’s Huace Group
Fan-subbed streaming site Viki.com has signed a multi-territory content deal with China’s Huace Group.
Chinese-Speaking Markets
Taiwan’s Catchplay Expands Into Indonesia
Taiwan’s Catchplay has expanded its streaming service into Indonesia through a deal with leading telco and IPTV service provider Telkom Indonesia.
Chinese-Speaking Markets
Wong Kar Wai To Make Web Series For Huanxi Media
Hong Kong filmmaker Wong Kar Wai will produce and direct two web series for China’s Huanxi Media Group, as part of a wide-ranging pact with the company.
Chinese-Speaking Markets
Tencent Reportedly In Talks For Stake In Supercell
Chinese internet giant Tencent is reportedly trying to buy a stake in Finland-based mobile gaming company Supercell from Japan’s Softbank.
Chinese-Speaking Markets
'The Night Manager' Headed To China, France
IMG and The Ink Factory have sold TV drama The Night Manager to Chinese streaming platform Youku Tudou and French broadcaster France TV.
Chinese-Speaking Markets
Alibaba Invests In Paramount, Giuseppe Tornatore Projects
Alibaba Pictures is investing in two further Paramount Pictures productions and a project from Italian director Giuseppe Tornatore.
Chinese-Speaking Markets
Korea’s 'Descendants Of The Sun' Converts China To Paying Subs
Hot Korean drama Descendants Of The Sun has contributed to a 3 million spike in paying subscribers for Chinese streaming platform iQiyi.
Chinese-Speaking Markets
Taiwan’s Catchplay Launches VOD Platform
Taiwanese distributor Catchplay is launching a multi-platform streaming service, Catchplay On Demand, in Taiwan, Singapore and Indonesia.