China movies

China’s Wanda Film Warns of Return to Losses in First Half |

China’s Wanda Film Warns of Return to Losses in First Half Wanda Film, China’s largest cinema operator, has forecast a return to heavy losses for the first half of 2022. In a regulatory filing, the company warned of net losses (including non-recurring items) reaching between RMB 580 million – RMB 660 million ($85 million – $97.8 …

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Baidu Extends Metaverse Push With Virtual Hosts |

Baidu’s latest digital development is the next step in the tech giant’s ambitious Web3 rollout. Will the use of virtual hosts allow it to dominate China’s metaverse? Despite the stringent restrictions from Beijing, Baidu is storming ahead with its metaversal ambitions. Today sees the launch of the annual flagship Baidu World 2022 Conference (July 21), where …

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Donnie Yen Starrer ‘Raging Fire’ Wins Best Film, Director At Hong Kong Film Awards |

Donnie Yen Starrer ‘Raging Fire’ Wins Best Film, Director At Hong Kong Film Awards Raging Fire, starring and produced by Donnie Yen, was awarded best film and best director for late action maestro Benny Chan at the Hong Kong Film Awards (HKFA) on Sunday night. The ceremony took place at Kowloon Bay International Trade & Exhibition …

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China’s Hengdian Proposes $450 Million Cinema Consolidation Deal |

China’s Hengdian Proposes $450 Million Cinema Consolidation Deal Hengdian Entertainment, a listed company that straddles film and television production and cinema operation in China, has made an indicative offer of RMB3 billion ($446 million) to buy the Shanghai Xingyi Cinema Managements firm. If the deal goes through, Hengdian Entertainment would become the second largest cinema operator …

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