Stratospheric IPO Debut Makes China’s Kuaishou a Global Media Giant

In the span of six days, the Chinese box office roared to a $1.2B Lunar New Year record, with Wanda Pictures’ Detective Chinatown 3 setting global benchmarks for the biggest opening day and weekend in a single market.

Rebecca Davis editorDespite nearly six months of cinema closures due to COVID-19, China actually built nearly 6,000 more new screens in 2020, according to a new report from the country’s film authorities.The data contradicts the disastrous predictions made over the summer about the extent to which the pandemic would devastate the Chinese exhibition sector.China now boasts 75,581 screens nationwide at some 12,700 complexes, having built 5,794 more screens last year, said the National Office for

Rebecca Davis editorChina made history this weekend with record sales of nearly $775 million (RMB50 billion) within the first three days of the Chinese New Year holiday, led by an incredible $424 million (RMB2.74 billion) debut from “Detective Chinatown 3.”This marked the first time the country’s national box office has ever broken RMB1 billion ($155 million) a day for three consecutive days, a feat achieved despite caps on max theater capacity at 75% in most of the country and 50% in areas

Rebecca Davis editorThe world’s largest film market is living up to its title with world-record-setting sales.

Exceptional and exceptionally confident, Cathy Yan’s “Dead Pigs” is a feature debut that leaves little mystery as to what DC studio execs saw in the filmmaker before tapping her to direct “Birds of Prey (And The Fantabulous Emancipation of One Harley Quinn).” READ MORE: The 100 Most Anticipated Films Of 2021 Energetically directed and sharply written, this sparkling social satire has in its sights no smaller target than the rapid-onset Westernization of China’s urban sprawl, as embodied by five

Patrick Frater Asia Bureau Chief“Detective Chinatown 3” lived up to its billing as the box office favorite over the Chinese New Year holiday period, with first day grosses passing $150 million by 4pm local time.Data from ticketing agency Maoyan showed the franchise comedy adventure film as clocking up RMB975 million of revenues, and claiming over 60% of the nationwide box office total.

Shares of KuaishouTechnology, China’s second-most popular short-form video app behind TikTok owner ByteDance, rocketed nearly 300 percent Friday in their debut on the Hong Kong stock exchange. Shortly after the opening bell, the stock was selling at more than HK$330, nearly triple the initial public offering list price of HK$115 and valuing the company at $179 billion.

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.

Jamie Lang In today’s Global Bulletin, Alex de la Iglesia is back on set with “El cuarto pasajero,” Laurine Garaude departs Reed Midem, Chinese video app Kuaishou stuns investors in Hong Kong, Tencent finalizes its Universal Music Group share increase, Mopar Studios hire Jessica Pope as creative director and Pluto TV launches six new networks in Latin America.Spanish genre master Álex de la Iglesia, hot off the heels of his hit HBO horror series “30 Coins,” is back on set to shoot road movie