Chinese vehicle manufacturing giant Geely Technology Group (and its satellite production division Taizhou Xingkong Zhilian) have been given formal approval to build more than 500 satellites annually. The new enterprise, located in coastal Taizhou, eastern Zhejiang province, will carry out research and development, manufacture core components, test, operate and control satellites, said the company. Equipment […]
Giant cinema screen operator IMAX saw its share price rise 6.4 per cent on February 16 as a direct result of solid box office receipts and attendance numbers at its Chinese theatres. IMAX, in a statement, said that it had enjoyed the best opening weekend for Chinese New Year holiday attendance. At $20.47 per share […]
On February 4th, UK broadcasting regulator Ofcom revoked the transmission licence of China’s CGTN news channel alleging that it had not held a lawful licence. February 11th saw the Chinese retaliate. A statement from China’s National Radio and Television Administration (NRTA) said BBC World News’ reporting on China had “seriously violated” regulations, including that news […]
FCC Chairman Ajit Pai used his departing comments to issue a warning about China’s role in potential espionage and threats to networks. Pai stepped down from his role just hours before new US President Joe Biden was sworn in. In his final statement he told the Reuters press agency that there is a wide array […]
Extreme E, the new electric off-road racing series, has confirmed a partnership with yet another Chinese platform, Channel Zero, which is backed by Huan.tv. Channel Zero is a smart distribution platform of videos clips and sports content in China, covering over 100 million users nationwide. The station is dedicated to a comprehensive live-streaming service, video […]
China’s Alibaba and Tencent groups have each held separate talks with Baidu about acquiring video streaming service iQIYI, according to Reuters. But reports say negotiations have stalled on a valuation of around $20 billion (€16.7bn) by Baidu. Both companies, which have their own video streaming services, are also nervous of heightened scrutiny from China’s antitrust […]
BBC Studios and Bilibili, one of China’s largest online entertainment services platforms, have jointly announced a new multi-year strategic cooperation agreement to enhance the platform’s BBC Studios content, taking their existing partnership to a new level by collaborating on BBC Studios-led productions. Both sides say they are committed to enhancing their cooperation by commissioning new […]
Digital giant Tencent has agreed a one season deal to broadcast Premier League football in China after the previous local partner, PPTV, stopped paying when the league was suspended during lockdown. The Premier League thus terminated the contract. The league, which kicked off its 2020/21 season last weekend, confirmed that viewers in China will be […]
August 24th saw IMAX’s share price jump 14.39 percent helped by positive news from its Chinese division. A movie, The Eight Hundred, the first-ever Chinese blockbuster production to be entirely filmed with IMAX cameras, had a very strong opening weekend in China with $116 million in box-office receipts over the 3-day weekend. IMAX controls just […]
Microsoft has confirmed that it is in advanced talks to purchase the US operations of Chinese-owned TikTok. A number of US politicians and regulators are concerned that the app’s Chinese owner, ByteDance, poses a risk to national security because it could be used to collect Americans’ personal data. Last week, President Donald Trump told reporters […]