News Corp (NWSA.NASDAQ), the owner of 20th Century Fox film studio, plans to acquire a 19.9% stake in Chinese film distributor Bona Film Group (BONA.NASDAQ) in a bid to gain more access to China’s booming film market, The Wall Street Journal reported. Bona founder and Chief Executive Yu Dong is selling the stake directly to […]
Category: Tech, Media & Telecom
Pan-Arab news network Al Jazeera English said it was closing its Beijing bureau following China’s refusal to renew the visa of its sole English-language correspondent, Melissa Chan, Bloomberg reported. A US citizen, Chan had been Al Jazeera English’s China correspondent since 2007, filing nearly four hundred stories during her stay and recently covering sensitive topics […]
Wanda Group is considering buying some or all of US-based AMC Entertainment Inc, a purchase that would make it the first Chinese theater company to have a major presence in the US, Los Angeles Times reported, quoting two people familiar with the matter. Negotiations have intensified in past weeks after AMC pulled the plug on […]
US-based Evernote plans to install servers in China in a bid to provide better stability and speed for its application to share and store data online, despite concerns over Chinese government surveillance, The Wall Street Journal reported. Evernote Chief Executive Phil Libin said the company would begin Chinese operations right after it wins regulatory approval, […]
China Unicom (CHU.NYSE, 600050.SH, 0762.HKG) announced it generated net income of RMB1 billion (US$159 million) in the first quarter, missing analyst estimates due to lower-than-expected demand for its high-speed 3G services, Bloomberg reported. The company added 8.84 million new users to its 3G network in the quarter, well below what some analysts had projected. Part […]