10 state-run news websites, including those run by People’s Daily, Xinhua and China Central Television, have been approved to seek listings on the A-share market. The decision allows the websites to raise capital and compete against China’s most popular internet portals – Sina, Sohu and Netease – which are all foreign-funded and trade on NASDAQ. [...]
A Chinese investment group is set to become a minority owner of the Cleveland Cavaliers, a US professional basketball franchise. The deal, which requires approval from the NBA’s board of governors, could see the investment group acquire up to 15% of the operating company that owns the team and its sporting arena. The group includes [...]
China Central Television (CCTV) may team up with telecom network operator China Mobile to launch an internet-based TV station in a bid to capitalize on the growing popularity of online video. CCTV has already moved a large chunk of its content online to CCTV.com, but the new venture would be a more interactive, comprehensive online [...]
A senior official at China Central Television (CCTV) was one of 12 officials detained for possible criminal charges over the blaze at the broadcaster’s Beijing headquarters earlier this week. Xu Wei, head of the broadcaster’s construction office and three other CCTV staff are being held. The eight other detainees worked for Liuyang Ace Fireworks, a [...]
China Central Television (CCTV) has apologized for a fire that gutted a soon-to-be-completed hotel next to CCTV’s Beijing headquarters. The state-run broadcaster said an unauthorized fireworks display set off by a CCTV employee, in defiance of police warnings, had started the blaze. One firefighter died while attempting to fight the blaze on Monday night, and [...]
An unoccupied tower in the headquarters complex of China Central Television (CCTV) was engulfed by flames on Monday evening. The fire department didn’t immediately comment on the suspected cause of the blaze, but witnesses said a large fireworks display took place next to the building before it caught fire. Many people across the city were [...]
Beijing has stressed that Chinese ties with the UK remain strong despite lodging a protest on Tuesday after a demonstrator threw a shoe at Premier Wen Jiabao at Cambridge University. “The Chinese side has expressed its strong displeasure over this incident,” China’s Foreign Ministry said in a statement. “The facts demonstrate that the despicable conduct [...]
China’s three major state media companies, China Central Television (CCTV), Xinhua and the People’s Daily could each receive about US$2.2 billion from the Ministry of Finance to fund their global expansions. Plans include Xinhua launching an Asia-based television network modeled on Qatar’s Al-Jazeera, and increasing the number of its foreign bureaus from 100 to about [...]
Li Changqing, a lawyer with George Wu & Partners Law Firm, announced Tuesday that he plans to bring legal action against Chinese internet portal Baidu by the end of the month. Suing on behalf of a Chinese medical website, Li claims that Baidu blocks websites that refuse to pay for listings. A report by China [...]
