SHANGHAI — Liu Zhijiang, president 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 last five years. In an exclusive interview with The Hollywood Reporter, Liu did not reveal actual earnings for the private […]
Hengdian sees growth in partners Read More »
SHANGHAI — A California company has been chosen to manage China Central Television’s online ads during video broadcasts of the Beijing Olympics on CCTV.com. ViDeOnline Communications will be the exclusive agent for the sale and distribution of video advertisements during CCTV.com’s online Olympic video broadcasts on its live and video-on-demand channels, company spokeswoman Ming Tian
CA co to sell Beijing Games web ads Read More »
SHANGHAI — American-Chinese co-production “Milk and Fashion” will be distributed in China by Shanghai-based Red Art beginning in June, the film’s producer said Thursday. An American producer and a Taiwanese director made the coming-of-age drama with money from a Japanese medical supply company. The film cost just $1.35 million to make and producers believe it
Co-pro ‘Milk & Fashion’ gets China distrib’n Read More »
Gamer’s full-year revenue leaps 49% Chinese online game giant Shanda Interactive Entertainment reported record revenue Tuesday of $97.8 million for the final quarter of 2007. Revenue was up 52% year-over-year, with full-year 2007 revenue up 49% to $337.8 million. “We saw a strong contribution from expansion packs and newly commercialized games,” Shanda president Jun Tang
Shanda’s massive high score Read More »
SHANGHAI — Chinese online game giant Shanda Interactive Entertainment Ltd. reported record revenue of $97.8 million for the last quarter of 2007, company executives told analysts and investors Tuesday. Revenue was up 52% over the same period last year, with annual revenue up 49% to $337.8 million. “We saw a strong contribution from expansion packs
Shanda reports record revenue Read More »
China’s online game operator The9 Ltd, play it today. announced record-breaking user numbers for the last quarter of 2007 as well as strong revenue growth in a conference call with investors and analysts Friday morning in Shanghai. China has become one of the largest countries in the world with a vast population and a huge
Record users for China game operator Read More »
SHANGHAI — China’s online game operator The9 Ltd. announced record-breaking user numbers for the last quarter of 2007 along with strong revenue growth in a conference call with investors and analysts Friday morning in Shanghai. “We had $58.1 million in revenues, representing 34 percent quarter-over-quarter growth,” said company chairman and CEO Jun Zhu. That is
China’s The9 sees record user numbers Read More »
As a business journalist, I’m a big believer in the power of economics. I’m also not a big fan of culture. Sure, it’s fine when it comes to entertainment, but I don’t trust culture as an explanation of behavior. Many habits which are routinely attributed to culture can be better explained by economics. Take, for
Culture versus economics Read More »
This weekend, a friend asked me to tell him all I knew about consultants in China — but to tell it quickly, since he didn’t have much time.My initial thought was to list all the consultants I knew. Management consultants. Business strategy consultants. Market entry consultants. Sourcing consultants. Quality consultants. Engineering consultants. Financial consultants. Human
The three stages of China consultants Read More »
Frivolous lawsuits are one of the banes of Western corporate life. Lawsuit artists walk through stores looking for puddles to slip in, sue restaurants for the coffee being too hot — even get in touch with a dog bite attorney to sue people who unleash their dogs at parks and cause people to get hurt.
The Joys of Being Sued Read More »
The usual advice for new managers coming to China has been to adapt, and to learn to do things the Chinese way. Don’t bring your expectations and standards to China, the old China hands say. The more time experts stay in China, the more likely they are to argue that China is a unique place,
Corporate Cultural Imperialism — it’s a Good Thing Read More »
SHANGHAI — “Milk and Fashion” producer Jay Rothstein is aiming to bring his high-profile, Chinese-produced film to U.S. audiences and also to sign a distribution deal for it to screen in major cities around China “within weeks.” The film first began to gain media attention in the U.S. last year when Jeremy Miller, former child
U.S. audiences get to drink Chinese-made ‘Milk’ Read More »
Thursday night, I witnessed the birth of an industry — the foreign-made Chinese movie business. In the United States, we don’t think twice about foreigners making English-language movies for American distribution. In fact, some of our greatest producers and directors have been foreigners, and two of our biggest studios are owned by Japanese and French
Movie industry opens up Read More »
A new labor law went into effect at the start of the year, making it more difficult — and expensive –to fire employees. The law also specifies increased additional costs to employers, including minimum wages, overtime and benefits payments. According to the Associated Press , Dongguan’s Taiwan Merchant Association reports that that the cost of
There are many first-time entrepreneurs in China — in many respects, Shanghai is now what Silicon Valley used to be at the height of the dot-com boom.As a result, there are many seminars on how to actually go about starting up a business, and I try to make it to as many as I can.One
Personality Profiling Read More »
