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China's Bilibili Focuses on Growth as Losses Double - Laredo Morning Times


China's Bilibili Focuses on Growth as Losses Double
Patrick Frater, provided by
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Chinese video entertainment platform Bilibili saw its losses deepen in 2020, but they reflected further investment in growth, as Middle Kingdom consumers become increasingly digitally focused.
Average monthly active users (MAUs) reached 202 million representing an increase of 55%, compared with 2019. Those paying for use reached 17.9 million, a 103% increase.
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Bilibili’s total net revenues were RMB3.84 billion ($589 million) in the calendar year, an increase of 91% from the same period of 2019. Net losses extended from RMB1.3 billion in 2019 to RMB3.1 billion ($468 million).
But investors appeared to buy the growth story. The NASDAQ-listed company saw its ADR-shares dip before the results announcement, but the stock gained nearly 4% to $131.88 in after-hours trading. At that price, Bilibili has a market capitalization of $45 billion.

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China Imposes New Rules to Restrict Independent Online Content Creators


China Imposes New Rules to Restrict Independent Online Content Creators
Rebecca Davis, provided by
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China has this week imposed its tightest restrictions to date on the publication of original content online via short video and “self-media” accounts, in the latest escalation of its ongoing crackdown on public discourse that strays from the party line.
The country’s internet watchdog, the Cyberspace Administration of China (CAC), has issued new regulations requiring bloggers, influencers and content creators on public social media accounts, known as “self-media,” to possess a government-issued credential in order to publish anything on a host of topics, which came into effect Monday. Other social media categories such as trending charts, hot search lists, push notifications and short video platforms will also be impacted. The CAC did not, however, provide detail on what kind of punishment will be doled out for violators.

China , Taiwan , Wuhan , Hubei , Chinese , Titus-chen , Zhuang-rongwen , Robert-beatty , Wang-gaofei , Zhang-zhan , Taiwan-national-sun-yat-sen-university , Instagram

New York City Movie Theaters Can Reopen at Limited Capacity, Gov. Cuomo Says


New York City Movie Theaters Can Reopen at Limited Capacity, Gov. Cuomo Says
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After nearly a year of closures, New York Gov. Andrew Cuomo has given movie theaters in New York City permission to reopen at limited capacity starting on March 5.
During his daily press briefing, the Empire State leader said cinemas in the city will be permitted to operate at 25% capacity, with no more than 50 people. Moreover, other safety measures such as masks, social distancing and heightened sanitizing measures will be required. Last October, New York venues outside of the city were allowed to reopen with similar restrictions.

New-york , United-states , Rebecca-rubin , Andrew-cuomo , York-city-movie-theaters-can-reopen , Limited-capacity , New-york-city , Empire-state , Adam-aron , Merv , Tenet

Disney's 'Raya and the Last Dragon' Sets China Release Date

Disney's 'Raya and the Last Dragon' Sets China Release Date
lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.

Malaysia , Philippines , United-states , Thailand , Maoyan , Jiangsu , China , Cambodia , Laos , Vietnam , Republic-of , Indonesia

Beijing Culture Share Price Leap Reflects Chinese New Year Box Office Surprise


Beijing Culture Share Price Leap Reflects Chinese New Year Box Office Surprise
Rebecca Davis, provided by
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The embattled production powerhouse Beijing Culture has emerged as the biggest publicly-listed winner of the Chinese New Year box office bonanza. Its stock price has climbed 18% since the start of the holiday thanks to the success of its hit comedy “Hi Mom.”
The boost is a much needed one following two years of losses and a government investigation late last year that unveiled mismanagement and inaccurate figures in its prior financial statements. The stock has a history of spiking sharply upwards on good news, only to head lower at other times

Jialing , Henan , China , Huayi , Shanghai , Hong-kong , Maoyan , Jiangsu , Shenzhen , Guangdong , Beijing , Ruyi

'A Writer's Odyssey' Review: A Chinese New Year Tentpole Attraction Blends Fantasy and Reality With Mixed Results


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'A Writer's Odyssey' Review: A Chinese New Year Tentpole Attraction Blends Fantasy and Reality With Mixed Results
'A Writer's Odyssey' Review: A Chinese New Year Tentpole Attraction Blends Fantasy and Reality With Mixed Results
The tale of a shattered father searching real and imaginary worlds for his missing daughter is visually spectacular but dramatically undercooked.
Richard Kuipers, provided by
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Director: Lu Yang
With: Lei Jiayin, Dong Zijian, Yang Mi, Wang Shengdi, Yu Hewei, Guo Jingfei, Tong Liya, Dong Jie, Liu Tianzuo, Li Binghui. (Mandarin dialogue)
Running time: Running time: 129 MIN.
Courtesy of UEP

Luyang , Shaanxi , China , Australia , Jiayin , Heilongjiang , Sydney , New-south-wales , Yang-mi , Guangdong , Beijing , Yu-yang