Wanda Cinema Line Co., the movie theater arm of Chinese conglomerate Dalian Wanda Group, says it is paying US$5.72 billion to acquire its film assets Wanda Media, a division that includes the recently acquired Legendary Entertainment. Wanda Cinema Line also announced that it has bought Hollywood entertainment marketing agency Propaganda GEM and the Chinese gaming […]
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China Everbright Ltd. has agreed to acquire Beijing Huichen Nursing Home Management Co., Ltd., a company offering elderly care services in China, according to an announcement. Financial details are not disclosed, but China Everbright Ltd. will become Huichen's largest controlling shareholder with a 67.27% stake of the company after the completion of the deal. China […]
Venture-backed China Online Education Group, the operator of online English language education firm 51Talk, has filed for an initial public offering in the U.S., according to a securities filing. The company seeks to list on the NASDAQ or the New York Stock Exchange with a target of raising US$100 million, a general placeholder in such […]
Apple Inc. has invested US$1 billion in Chinese ride-hailing service provider Didi Chuxing, formerly Didi Kuaidi, in a bet on the future of the biggest sharing economy and car technology firm in China. Apple's chief executive officer Tim Cook says that he sees opportunities for Apple and the chief rival of Uber in China to […]