As the 2008 Olympics draw closer, the number of shops in Beijing that accept internationally branded payment cards stood at about 110,000 at the end of June, nearly double the number from last year, according to state-owned news media. Games attendees will be able to make card payments at some 90% of Olympic venues, the […]
China Bullish on Card Readiness for Olympic Games Read More »
DreamWorks toon grosses $14 mil in 10 days SHANGHAI — DreamWorks Animation’s “Kung Fu Panda” took in 97 million yuan ($14 million) during its first 10 days in China, the state-owned Xinhua News Agency reported Tuesday. Read full article at The Hollywood Reporter.
China embraces ‘Kung Fu Panda’ Read More »
Suffering from a lack of liquidity and poor securities processing, Ukraine is hoping that Nasdaq OMX Group can provide some relief and bring the country’s markets more international attention. Nasdaq announced earlier this month that it had signed letters of intent with the National Bank of Ukraine and Ukrainian Interbank Currency Exchange (UICE) to help
Nasdaq Lends Ukrainian Market Helping Hand Read More »
SHANGHAI — Zhang Ziyi, Jackie Chan and Wong Kar Wai opened the 11th Shanghai International Film Festival on Saturday, calling on guests and media to get organized to relieve the victims of China’s devastating earthquake. But the event around them began in disarray as the press screening of the opening film, Chinese documentary “Olympic Dreamers,”
Shanghai fest stumbles at start Read More »
Music industry groups have called the popular Chinese search engine Baidu “the largest and most incorrigible purveyor of pirated music in China.” Other organizations backing the initiative include the China Audio-Video Copyright Assn. and the International Federation of the Phonographic Industry, along with local and international record labels including EMI Music Publishing, Universal Music, Sony
Music industry allies against Baidu Read More »
SHANGHAI — Citing too many billboards that are too densely placed, Shanghai has suspended all new outdoor advertising ahead of the 2010 World Expo, echoing earlier restrictions enacted in Beijing for the lead-up to the Olympics. In a note posted on the city’s Web site Thursday, city spokesman Chen Qiwei called the billboards across China’s
Shanghai puts kibosh on new billboards Read More »
China’s top video-sharing site, Tudou.com, announced $57 million in new financing Monday, confirming rumors previously circulating online. Investors include IDG, Granite Global Ventures and General Catalyst, all of which have invested in the company before. Previous funding rounds raised $500,000, $8.5 million, and $19 million, respectively. The new investment totals $85 million, the company said,
China’s Tudou scores $57 mil in financing Read More »
Whatever you think of mixing international sports with China’s politics, the Beijing Olympic Games could prove a 17-day coming out party for the country’s media and entertainment industry. Local production companies are furiously readying to capitalize if a boom materializes. The Games, which begin 100 days from Wednesday, are expected to draw 5 million visitors
Olympics: China’s local media producers Read More »
Whatever you think of mixing international sports with China’s politics, the Beijing Olympic Games could prove a 17-day coming out party for the country’s media and entertainment industry. Local production companies are furiously readying to capitalize if a boom materializes. The Games, which begin 100 days from Wednesday, are expected to draw 5 million visitors
Beijing Olympics, a boom or bust for China-based producers? Read More »
Whatever you think of mixing international sports with China’s politics, the Beijing Olympic Games could prove a 17-day coming out party for the country’s media and entertainment industry. Local production companies are furiously readying to capitalize if a boom materializes. The Games, which begin 100 days from Wednesday, are expected to draw 5 million visitors
Olympian heavy lifting awaits Chinese media Read More »
This article originally appeared in The Hollywood Reporter. Beijing courts promised heavier fines for Internet cafes that allow patrons to illegally download movies, laying down harsh fines for offenders, state-run media reported Thursday. The new rulings are part of a trend toward greater enforcement of intellectual property rights in China. The judge in the Beijing
Chinese courts hit Net cafes Read More »
SHANGHAI — The collapse of a bridge during the shooting of a Chinese television production in southwest China on Sunday injured 38 people, state-run media reported. The accident occurred on the set of the war drama “My Regimental Commander and My Regiment,” in the town of Qushi in China’s southwestern Yunnan province, when a temporary
38 injured in China set collapse Read More »
SHANGHAI — “World of Warcraft” has hit a new high in China, with the massively multiplayer online game registering more than 1 million players online at one time, local distributor The9 said Monday. The figure marks a 25% increase in peak concurrent users since the last time an official count was revealed — Oct. 4,
‘World of Warcraft’ hits new high in China Read More »
Virtualization, in one form or another, has been around almost as long as computers. When the term arose in the 1960s, it referred to the partitioning of mainframe computers. But virtualization soon became a way to let people stop worrying about the inner workings of their hardware. In the earliest days, to put something in
Wall Street Expanding Virtual Horizons Read More »
Liu Zhijiang, president of Hengdian World Studio, said Thursday that his company — operator of the biggest film and TV back lot in the world — has grown profits 20% on average over the past five years. In an interview with The Hollywood Reporter, Liu, who did not reveal earnings for the private firm, pointed
Big profits, growth at China’s Hengdian Read More »
