Chinese internet giant Tencent (0700.HK) has purchased a 4.6% share of mainland film and TV producer Huayi Brothers Media (300027.SZ), AFP reported, citing a joint statement by the two firms to the Shenzhen stock exchange. Tencent bought 27.8 million shares of Huayi for around US$69.2 million. Tencent operates a variety of online services, including the […]
Category: Tech, Media & Telecom
The iPad 2’s Saturday debut in the Apple Store (AAPL.NASDAQ) in Beijing’s Sanlitun village caused a shopping riot that put two people in hospital, the South China Morning Post reported, citing state media. Authorities said that a foreign Apple employee used his fists and a stick on customers as staff tried to remove scalpers and […]
The latest US spending bill signed into law partially bans scientific exchanges between China and the US by cutting off public funds, Science Insider reported. Republican congressman Frank Wolfe added language prohibiting the White House Office of Science and Technology Policy (OSTP) and the National Aeronautics and Space Administration (NASA) from coordinating any joint scientific […]
The English-language media has written many snarky blogs and articles about China’s recent move to restrict TV shows featuring time trave, crime and spies as the Communist Party prepares to celebrate its 90th birthday on July 1. Most articles depicted the “ban” as a law or regulation, but actually it was more of a suggestion. […]
Source: Shanghai Daily