Lu Wei, minister of the Cyberspace Administration of China, met with chief executives from Facebook (FB.NASDAQ), Apple (AAPL.NASDAQ) and Amazon.com (AMZN.NASDAQ) during a recent visit to the US, Bloomberg reported. The reasons for Lu’s visits and their dates were not made public. “The Chinese market is too attractive not to be in,” said Lo Shih-hung, a professor at […]
Category: Tech, Media & Telecom
China’s top film and television regulator has announced plans to send artists to grass-roots communities in order to learn from the masses, The New York Times reported. The announcement follows a major speech on the arts delivered by President Xi Jinping in October, in which he implored artists not to “lose themselves in the tide of […]
Ping An Insurance (601318.SHA) raised HK$36.5 billion (US$4.7 billion) on Sunday through a private placement of new shares with investors including Alibaba’s (BABA.NYSE) Jack Ma and Tencent’s (700.HKG) Pony Ma, The Financial Times reported, citing an exchange filing, an unnamed source at Alibaba and a report in financial magazine Caijing. Privately owned Ping An, which also […]
The Chinese movie theater company Wanda Cinema Line has been approved for a share offering on the mainland, Reuters reported. The company, which is controlled by Chinese real estate mogul Wang Jianlin, hopes to raise up to RMB2 billion (US$325.6 million) and comes at the same time as Wang’s real estate unit, Dalian Wanda Commercial Properties, prepares […]
Sina Weibo announced this week that user accounts on its microblogging service that promote rival messaging network WeChat (Weixin) could be frozen or even shuttered, Tech In Asia reported, citing local media. Sina is also encouraging users to report other users they see violating this policy, according to local online tech news outfit Techweb. Some analysts […]