Media

People's Daily Buys Stake in Tiexue Technology, Takes Over Its Content Censoring

Chinese state-owned news provider People.Cn Co. [SHA:603000] plans to buy USD1 million worth of shares in Beijing Tiexue Technology Co.,…

Aug 23, 2017
Xu Wei
China's Social Media Sites Investigated for Suspected Violation of Chinese Cyber Security Law

China's Social Media Sites Investigated for Suspected Violation of Chinese Cyber Security Law

China's cyberspace regulator, through its Beijing and Guangdong branches is investigating the country's top social media sites and applications for…

Aug 11, 2017
Jin Yuanjia
Weibo Beats Market Forecasts to Post 70% Income Growth in Second Quarter

Weibo Beats Market Forecasts to Post 70% Income Growth in Second Quarter

Operating income at leading Chinese social media platform Weibo Corp. [NASDAQ:WB] saw an annual increase of 72 percent in the second quarter thanks to a sharp rise in advertising revenue.

Aug 10, 2017
Zhang Xia
Coolpad Refuses to Comment on Leshi’s Alleged Divestment Plan

Coolpad Refuses to Comment on Leshi’s Alleged Divestment Plan

Senior management at China’s consumer electronics maker Coolpad Group Ltd. [HKG:02369] have refused to comment on reports that its majority…

Aug 4, 2017
Li Na
Job Site Zhipin.com Admits Flaws Following Death of College Student Caught Up in Pyramid Scheme

Job Site Zhipin.com Admits Flaws Following Death of College Student Caught Up in Pyramid Scheme

Major Chinese job website Zhipin.com, also known as BOSS, has admitted flaws in its company vetting process after the death…

Aug 4, 2017
Jin Yuanjia
LeTV Repays First Loan to CCB, Enters Negotiations for Remaining Loan

LeTV Repays First Loan to CCB, Enters Negotiations for Remaining Loan

Leshi Holding (Beijing) Co.’s listed affiliate Leshi Internet Information and Technology Corp. [SHE:300104] (LeTV) has repaid a CNY50 million (USD7.35…

Aug 3, 2017
Xu Wei
Media Misrepresented Le Supercar Founder Jia Yueting’s Wealth, Firm Says

Media Misrepresented Le Supercar Founder Jia Yueting’s Wealth, Firm Says

Electric carmaker Le Supercar said yesterday that recent media reports have misrepresented the wealth of its founder, Jia Yueting, shaping…

Jul 17, 2017
Xu Wei
Leshi Claims Jia Yueting Will Return to China Soon

Leshi Claims Jia Yueting Will Return to China Soon

Jia Yueting is slated to return to China soon, a public relations officer at Leshi Holding (Beijing) Co. said yesterday afternoon.

Jul 14, 2017
Xu Wei
DDMC Buys Super Sports for USD500 Million to Build China’s Integrated Sports Copyright Platform

DDMC Buys Super Sports for USD500 Million to Build China’s Integrated Sports Copyright Platform

Wuhan DDMC Culture Co. [SHA:600136] announced July 12 it plans to acquire a 100% stake in Super Sports Media Inc. for USD500 million (CNY3.4 billion).

Jul 13, 2017
Xu Wei
China’s Web Watchdog Will Put the Bite on Lurid Live-Streaming Businesses From July 15

China’s Web Watchdog Will Put the Bite on Lurid Live-Streaming Businesses From July 15

Live-streaming service providers in China are required to complete regulatory filing with local internet information offices within 30 days, starting July 15.

Jul 13, 2017
Wu Danlin
CCTV Raises Question Marks About LeEco’s Listing of LeTV, Operating Funds

CCTV Raises Question Marks About LeEco’s Listing of LeTV, Operating Funds

Facing increasingly severe operating circumstances, troubled technology company LeEco has come under intense market spotlight. In the latest episode, China’s…

Jul 12, 2017
Xu Wei
Only Two Out of Seven Business Arms of LeEco Are Profitable, Says Report

Only Two Out of Seven Business Arms of LeEco Are Profitable, Says Report

The information disclosed by listed companies and those obtained from other sources indicates that only LeTV [SHE:300104] and the company’s…

Jul 11, 2017
Xu Wei

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