China’s Enlight Media Moving Ahead on $2.5 Billion Theme Park

Cinemas in Beijing were ordered Thursday to limit seating capacity to 50 percent during the upcoming Lunar New Year holiday. The decision adds to local industry worries that recent flareups of COVID-19 cases could dampen earnings during what is usually the biggest period for China’s box office by far.

Patrick Frater Asia Bureau ChiefShares of Chinese social video company Kuaishou made a stratospheric start in their post-IPO debut on the Hong Kong Stock Exchange. Early trading on Friday morning saw their price nearly triple, instantly making the TikTok rival one of the world’s largest media groups.Raising some $6 billion of new cash, the offer was already one of the largest in the Hong Kong market’s history.

Pancake Day, Chinese New Year and Valentine’s Day just around the corner. But there is another annual food event happening next week that you may not be aware of and will definitely not want to miss.National Pizza Day is happening on Tuesday, February 9 and to celebrate, Pizza Hut Delivery is offering a half price deal on all its pizzas.

Patrick Frater Asia Bureau ChiefE-commerce and entertainment giant Alibaba said that the Chinese government’s increasingly negative attitude towards big tech is giving it near term problems. But the company was able to deliver huge profits of more than $9 billion in the three months to December.In the period, which represents the third quarter of its financial year, Alibaba’s revenue was RMB221 billion ($33.9 billion), an increase of 37% year-over-year.

Kane Lim talks all things “Bling Empire” as he appears on Tuesday’s “Ellen DeGeneres Show”.

its ongoing lies and distortion and insisting that their official death toll is underreported by as much as tens of thousands.Called “In The Same Breath,” the HBO film begins hours after a massive New Year’s Eve celebration in Wuhan, China, a city of 11 million and the one-time epicenter of the pandemic.The next day, a slew of robotic news anchors recited a government script, meant to minimize the impending disaster.

straight to your inbox every day for freeOdion Ighalo has penned an emotional Manchester United farewell message as his time at Old Trafford comes to an end.The 31-year-old striker's loan from Chinese side Shanghai Shenhua expires at the end of this month. The Nigeria international joined United in January last year on an initial six-month deal that was later extended to 12 months.

Patrick Frater Asia Bureau ChiefBig name Hollywood executives and talent including Sam Raimi, Gianni Nunnari, Patrick Wachsberger and Paula Wagner have joined the “Stars Collective” diversity program launched by Chinese film financier Starlight Media.

Patrick Frater Asia Bureau ChiefSingapore-based TV production firm, Beach House Pictures is expanding its Asian production capacity. It has acquired a majority stake in Japanese producer Vesuvius Pictures and appointed Felix Feng as GM in China.Founded in 2012, Vesuvius specializes in premium original factual, factual entertainment, reality and scripted programming.

Patrick Frater Asia Bureau ChiefMildly titillating romantic comedy “Big Red Envelope” topped the box office rankings in China as overall takings in the world’s biggest theatrical movie market amounted to a lowly $37.5 million over the weekend.The new release title may be intended as a critique of obsessions with money, gifting culture and societal status – red packets are gifts of money in Chinese culture, given especially, but not exclusively, at Chinese New Year – but chunks of the audience

Patrick Frater Asia Bureau ChiefKuaishou, the mainland Chinese firm that operates the world’s second most watched short video app, has received approval for its planned public share offering. It is expected to raise $5 billion and see the start of share trading in early February.The heavily-loss-making company, in which Tencent has a nearly 22% stake, received the green light for its IPO from Hong Kong Kong’s stock market regulators and published an 861-page updated prospectus.

coronavirus was first detected.The documentary “Days and Nights in Wuhan” features contributions from 30 filmmakers portraying the suffering and sacrifices made by the city’s 11 million residents, medical staff and front-line workers as they battled the virus that began racing through the city in December 2019.The film is one of at least three documentaries released about the Wuhan lockdown, including “Coronation" by activist artist Ai Weiwei, who now lives abroad following a campaign of