CNY2 Billion Deal Amps Up Chinese Smartphone’s Appeal
Chinese mobile phone retail channel provider D.Phone and Letv have reached a strategic deal with total value of CNY2 billion. …
Letv.com Establishes New Beijing Company For Mobile Phone Development
According to data from the Beijing Administration for Industry and Commerce, Letv has registered a new company named Letv Mobile Smart Information Technology (Beijing) Company Limited, with registered capital of CNY20 million. The business scope of this new company covers production and development of mobile phones and sales of communications devices, electronic products, mechanical equipment, […]
Letv.com Acquires Full Stake In Huaer Entertainment For CNY900 Million
Chinese Internet video company Letv.com is buying a 100% stake in Dongyang Huaer Entertainment Media Co. Ltd. for CNY900 million. After the acquisition, Liu Hong, chief executive officer of Letv.com, will become chairman and general manager of Huaer Entertainment. Liu will control the operating planning and business direction of the company to realize its coordination […]
Letv.com Says Chinese Internet Video Business Is Hot
In the face of massive competition from state-owned businesses, stalwarts like Youku Tudou, and mobile-only start-ups, Chinese Internet video website Letv.com says it’s profits are bursting. Letv.com published its unaudited annual performance pre-announcement for 2013, stating that the company expects to see net profit between CNY250 million and CNY270 million, a year-on-year increase of 30% […]
Youku Tudou Signs VOD Agreement With FremantleMedia
Internet video group Youku Tudou has reportedly reached a multi-year content agreement with the British media company FremantleMedia. FremantleMedia is the producer and distributor of many popular TV shows, including The X Factor USA and America’s Got Talent. According to FremantleMedia, some 202 hours of programming will be available on Youku Tudou’s VOD channels. Those […]
Iqiyi’s Internet Video Integration Enters Final Stage
Tang Xing, chief technology officer of Iqiyi, revealed that the technical integration of Iqiyi and PPS has entered the final CDN and P2P integration and optimization stage, and it is expected to be completed this summer.
China’s Tudou.com Readies IPO After Settling Executive’s Marital Lawsuit
Chinese online video website Tudou.com has updated its filings with the U.S. Securities and Exchange Commission for a planned initial public offering this week.
First Major IPTV Online Store Launches In China
TVMall, China’s first online store based on the IPTV platform, has been launched.