For LeEco chief executive officer Jia Yueting, his dream has no boundaries. LeEco, a company that started as an online video firm and expanded into everything from smartphones to smart vehicles, is expanding its real estate portfolio in China with a high profile deal in the country’s capital. A company affiliated with LeEco, formerly LeTV, […]
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Wanda Cinema Line Co., the movie theater arm of Chinese conglomerate Dalian Wanda Group, says it is paying US$5.72 billion to acquire its film assets Wanda Media, a division that includes the recently acquired Legendary Entertainment. Wanda Cinema Line also announced that it has bought Hollywood entertainment marketing agency Propaganda GEM and the Chinese gaming […]
Apple Inc. has invested US$1 billion in Chinese ride-hailing service provider Didi Chuxing, formerly Didi Kuaidi, in a bet on the future of the biggest sharing economy and car technology firm in China. Apple’s chief executive officer Tim Cook says that he sees opportunities for Apple and the chief rival of Uber in China to […]
The Chinese regulator’s attempt to crack down on speculative deals in the so-called virtual economy will restrain an asset bubble in the emerging Internet finance, gaming, film and virtual reality (VR) sectors, but risks compromising the function of a free market economy, venture investors in the country commented yesterday. China’s securities regulator reportedly tightened oversight […]
China’s securities regulator has prohibited Chinese public companies from raising capital via follow-on share issuance to invest in Internet finance, gaming, film and virtual reality (VR) companies, according to reports by Caixin Media. The restriction applies to public companies operating in industries vastly different from those prohibited sectors. For example, a publicly listed cement producer […]
China’s prospective non-performing loan (NPL) securitizations transactions will be challenging for investors and potentially banks themselves due to hard-to-predict cash flows and an uncertain judicial process, says Fitch Ratings. The credit rating agency believes that these factors make it difficult to rate these products at an investment grade level on an international rating scale. China […]
Chinese hedge fund managers seem to be fulfilling their promise: achieving steady returns in all types of markets and outperforming during down markets. In the month of April, Greater China hedge fund managers lost 0.34% according to the Eurekahedge Greater China Hedge Fund Index, against the backdrop of the CSI 300 Index declining 1.85% during […]
Alibaba Pictures made its first foray into China’s booming cinema industry by subscribing to a RMB1 billion (US$153 million) convertible bonds issued by Guangdong Dadi Cinema Construction, says a company announcement. If fully converted, the film and entertainment arm of Alibaba Group Holdings Ltd. will own 4.76% of Dadi Cinema, the second largest cinema firm […]
In an “interview” published on China’s official newspaper People’s Daily, an authoritative person cautions that the country’s economic outlook will be L-shaped, instead of a U-shaped or V-shaped recovery, sending the Shanghai composite index down 2.79% for the day. The so-called Quanwei Renshi (权威人士) comments that the L-shaped outlook will be a rather prolonged period, […]