China's biggest home appliance retailer, Suning, and Hony Capital, an investment company linked to the IT group Lenovo, will buy a $420 million stake in the online TV services company PPTV.
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Many of the films doing well in China this year are not the historical epics traditionally favored by the government’s culture ministers. Instead, smaller films produced by independent operators are flourishing.
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Broadcaster Zhejiang Satellite TV has confirmed it will continue airing the hit show despite new regulations that take aim at broadcasts based on formats developed abroad.
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75 films over four years. Film experts say the Australian casino tycoon James Packer's gamble on the movie industry in China will probably be a good investment.
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