American video website Netflix has reached a content licensing agreement with the Chinese video website Iqiyi.com. Netflix is an American …
Short videos are becoming a mainstay of Chinese social media, especially on Weibo.com. A new investment in the company behind …
China’s social networking and Internet financial company Renren announced plans to separate its newly established subsidiary named SpinCo. SpinCo will …
Attention spans are shrinking, so money to grab eyeballs is increasing. A Chinese online video site is incentivizing online creators …
U.S.-based Starwood Hotels and Resorts is taking its brand message online to Chinese consumers with the introduction of actress Liu …
User-generated content first propelled Youku and Tudou into a post-IPO merger, and then Alibaba took control and privatized the company. …
Chinese mobile phone retail channel provider D.Phone and Letv have reached a strategic deal with total value of CNY2 billion. …
Chinese Internet video provider Iqiyi announced the launch of its virtual reality product set named iVR+. The company also launched …
Chinese Internet video website Letv.com announced that during the first quarter of 2016 it achieved operating revenue of CNY4.63 billion, …
Chinese Internet giant Tencent announced that the company has reached a deal with U.S.-based ESPN to become its exclusive sports …
Le Sports, the sports business platform of Letv.com, announced that the company has acquired the entire stake in Zhangyu TV, …
Victor Xu, JD’s president for international business unit, said during an interview that the company will soon launch a brand …
PPTV’s employees have received an appointment notice stating that Mi Xin will become new president and chief executive officer of PPTV, according to an insider from the company. Since being acquired by Suning in 2013, PPTV’s CEO has changed three times. The notice included three appointments. Fan Zhijun was appointed chairman of management committee of […]
China Mobile’s Internet subsidiary named China Mobile Internet Business gained its business license on October 30, 2015, and has begun formal operations. But why is China’s largest mobile carrier forming an offshoot company solely focused on Internet services now? China Mobile president Li Yue revealed at the end of 2012 that the behemoth would establish […]
Days after a sex video filmed in Uniqlo’s Beijing store blew up the Chinese Internet, the Japanese apparel retailer says it has closed its flagship store on JD.com. The store was shuttered on July 20, 2015, after only three months of operation. On April 8, 2015, Uniqlo and JD signed a cooperation agreement and Uniqlo’s […]
China’s Suning announced plans to increase its strategic investment in PPTV, a Chinese video website. At the same time, its board of directors appointed Fan Zhijun, executive president for Suning in East China, as chairman of the management committee at PPTV. Suning said that over the past year of transition, the strategic integration of PPTV […]
Chinese smartphone maker Xiaomi announced that the company plans to invest USD10 million to purchase shares of Youku-Tudou from the secondary market, which will enable the playing of Youku-Tudou contents on Xiaomi devices. Xiaomi will also buy Youku-Tudou shares from the open market. The two parties will make a joint investment of an unknown sum […]
Chen Yizhou, chief executive officer of Renren, says the company is planning to sell some non-core businesses to improve their profitability and they are also considering investment and expansion opportunities in America and Hong Kong. Chen revealed during an interview with local Chinese media that under the current model it is hard for the company […]
Chinese search engine company Baidu and South Korea entertainment giant S.M.Entertainment signed a strategic cooperation agreement covering music and video copyrights. With the cooperation, Baidu’s music division will license the music copyrights of stars from S.M.Entertainment; Baidu’s video branch Iqiyi will gain the genuine music videos and performance videos of S.M.Entertainment; and S.M.Entertainment’s artists will […]
Chinese Internet video company Letv.com is buying a 100% stake in Dongyang Huaer Entertainment Media Co. Ltd. for CNY900 million. After the acquisition, Liu Hong, chief executive officer of Letv.com, will become chairman and general manager of Huaer Entertainment. Liu will control the operating planning and business direction of the company to realize its coordination […]
In the face of massive competition from state-owned businesses, stalwarts like Youku Tudou, and mobile-only start-ups, Chinese Internet video website Letv.com says it’s profits are bursting. Letv.com published its unaudited annual performance pre-announcement for 2013, stating that the company expects to see net profit between CNY250 million and CNY270 million, a year-on-year increase of 30% […]
Chinese Internet video group Youku Tudou will provide video software services to smart TVs made by Haier. This is Youku Tudou’s latest strategic cooperation with smart TV makers following its partnership with Shenzhen Coship Electronics formed at the end of 2013. With these moves, Youku Tudou Group intends to seize the opportunities in family TV […]
Singapore video service provider Viki has formed a partnership with Chinese search engine Baidu. Headquartered in Singapore, Viki hails itself as the “Hulu outside America”. In September 2013, the company was acquired by the Japanese e-commerce giant Rakuten for USD200 million. Viki is mainly engaged in providing high-quality movies and TV programs. With the help […]
Chinese media platform BesTV has reportedly reached an agreement with Walt Disney to set up a digital technology joint venture in China. This joint venture will reportedly focus on digital technology consulting services related to services, products and contents of BesTV and Walt Disney in mainland China. The total investment for the joint venture will […]
Chinese Internet video website Letv.com published its financial report for the third quarter ended September 30, 2013, stating that the company’s total operating revenue increased by 122.42% year-on-year to CNY613 million. The company’s net profit increased by 55.72% year-on-year to CNY67.61 million. The company also revealed that during the first three quarters of 2013, Letv.com’s […]
Suning Commerce announced to Chinese local media that the group cooperated with Legend Holdings’ Hony Capital to jointly invest USD420 million in PPTV, a Chinese Internet video website. After this strategic investment, PPTV will maintain its independent development. According to electronics retailer Suning, the company will invest USD250 million in PPTV, accounting for 59.52% of […]
Chinese Internet portal Sohu.com has confirmed that Liu Chun, vice president and chief editor of Sohu.com, will depart the company. Liu’s departure is reportedly due to personal reasons. Liu joined Sohu.com in July 2011. During his service at Sohu.com, he worked as vice president of the company, chief operating officer of the video section, and […]
Chinese online video company Youku Tudou Group has reportedly sued Chinese mobile phone upstart Xiaomi for video-on-demand infringement. Youku Tudou reportedly claims that Xiaomi’s Miui Box illegally provided the VOD service for ten movies and TV series which infringed on Youku Tudou’s rights because they allegedly owned those rights. Youku Tudou asked Xiaomi to immediately […]
