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Chinese entertainment firm Perfect World to sell two overseas subsidiaries to Swedish game firm Embracer
Perfect World Europe B.V. (PWE B.V.), a wholly-owned subsidiary of Chinese entertainment firm Perfect World Co., Ltd. (002624.SZ), has inked an agreement with Swedish game developer and publisher Embracer Group AB (Embracer) to sell two of its overseas subsidiaries to Embracer, reported Shanghai Securities News Wednesday quoting the company.
China allows foreign investors to open entertainment venues
China has permitted foreign investors to open entertainment venues on the Chinese mainland, removing restrictions on the proportion of foreign investment, said a recent circular released by the Ministry of Culture and Tourism.
China's booming middle class creates opportunities for culture, entertainment industry: business leaders
Boosted by a growing middle class population, China's culture and entertainment industry enjoys broader prospect and is creating enormous opportunities, a group of business leaders from the United States and China said here Saturday.
74.1pct of netizens in China use short videos apps
China Internet Network Information Center (CNNIC) had released the statistics report for China’s Internet network development, showing 74.1 percent of the netizens use apps of short videos for their fragmented entertainment needs.
Baofeng establishes new company to expand culture business
Baofeng Group Co Ltd, a Beijing-based internet entertainment and video company, announced on Thursday that it has established Baofeng New Culture Co Ltd to expand its business in culture, tourism and virtual reality, or VR.
China eyes upgrade of entertainment industry
China will give support to the modernization of its entertainment industry, according to a guideline issued by the Ministry of Culture.
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