Chinese Internet giant Tencent Holdings Limited announced that it had established Penguin Pictures to lead its movie production effort. Penguin Pictures plans to invest in 10 to 15 movies every year. According to Chinese media reports. Penguin Pictures has already jointly produced and invested in around ten movies, including the Little Door God, an animation […]

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Beijing-based mobile social marketing provider Social Touch has completed US$60 million series D round of financing led by Hong Kong-listed Legend Holdings Corporation. According to a company announcement, Social Touch says it will use the proceeds on product improvement and team expansion. Founded in 2011, Social Touch provides marketing related services including strategy, marketing SaaS, […]

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