Hk entertainment industry – SMS 461 http://sms461.com/ Sun, 05 Dec 2021 12:30:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://sms461.com/wp-content/uploads/2021/08/sms-150x150.png Hk entertainment industry – SMS 461 http://sms461.com/ 32 32 Amid Evergrande Crisis, More Chinese Developers To Issue Asset-Backed Securities, Real Estate News, ET RealEstate https://sms461.com/2021/12/05/amid-evergrande-crisis-more-chinese-developers-to-issue-asset-backed-securities-real-estate-news-et-realestate/ Sun, 05 Dec 2021 12:30:00 +0000 https://sms461.com/2021/12/05/amid-evergrande-crisis-more-chinese-developers-to-issue-asset-backed-securities-real-estate-news-et-realestate/ BEIJING: Some of China’s top real estate developers are planning to issue short-term asset-backed securities, a further sign that regulators are slightly widening financial channels for developers amid the Evergrande debt crisis. China Evergrande, struggling with debts of more than $ 300 billion, said on Friday that there was “no guarantee” that it would have […]]]>
BEIJING: Some of China’s top real estate developers are planning to issue short-term asset-backed securities, a further sign that regulators are slightly widening financial channels for developers amid the Evergrande debt crisis.

China Evergrande, struggling with debts of more than $ 300 billion, said on Friday that there was “no guarantee” that it would have enough funds to repay the debt, prompting the country’s main financial regulators to calm the market.

Regulators have said any fallout is controllable and developers’ normal funding needs will be met, but the industry faces another year of tight funding conditions and refinancing risks, Moody’s said in a note last week. .

Country Garden, the country’s leading real estate developer, said on Sunday the company plans to seek issuance of short-term supply chain asset-based (ABS) securities.

“As an innovative financing tool, ABS supply chain products can support the financing of upstream suppliers and alleviate financing difficulties for small and medium-sized enterprises,” the company said in a statement on its account. official WeChat.

He also pledged to control the risks of the business through prudent operations, the statement said.

Four other developers, including Huafa Industrial and Greentown China, have received regulatory comments on their plans to issue ABS totaling nearly 16 billion yuan ($ 2.51 billion), the Shanghai Stock Exchange reported on December 3. .

The Securities Times reported that China Vanke also plans to issue supply chain ABS worth 777 million yuan in the short term.

“The restrictions on the financing of domestic real estate bonds have eased and the amount of bond issues in November is about 3 times that of October,” CICC analysts wrote in a note, adding that bond financing was picking up. in an orderly fashion.

China’s real estate market, which accounts for a quarter of gross domestic product by some measures, has cooled sharply since May with sentiment reeling from intensifying liquidity stress that has engulfed some of the country’s most indebted developers.

Analysts don’t think Beijing is easing its campaign to curb developers with high debt levels much, but they do expect some policy adjustments to ensure home prices and sales don’t fall too quickly.

Regulators have said they will support private companies, especially those affected by recent debt problems, to raise funds “properly,” the Xinhua News Agency reported on Sunday, citing a regulator official. securities.

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TCL Electronics: 01070.HK) and Tencent START Cloud Gaming Launch Joint Lab and Partnership to Promote New Big Screen Gaming Ecosystem https://sms461.com/2021/12/02/tcl-electronics-01070-hk-and-tencent-start-cloud-gaming-launch-joint-lab-and-partnership-to-promote-new-big-screen-gaming-ecosystem/ Thu, 02 Dec 2021 08:41:23 +0000 https://sms461.com/2021/12/02/tcl-electronics-01070-hk-and-tencent-start-cloud-gaming-launch-joint-lab-and-partnership-to-promote-new-big-screen-gaming-ecosystem/ TCL Electronics (01070.HK) and Tencent START Cloud Gaming Start a common laboratory * * * * * * Partnership set up to promote a new gaming ecosystem on the big screen (December 2, 2021, Hong Kong) –TCL Electronics Holdings Limited (“TCL Electronics” or “Company”, 01070.HK) has officially set up a joint lab with Tencent START […]]]>

TCL Electronics (01070.HK) and Tencent START Cloud Gaming

Start a common laboratory

* * * * * *

Partnership set up to promote a new gaming ecosystem on the big screen

(December 2, 2021, Hong Kong) TCL Electronics Holdings Limited (“TCL Electronics” or “Company”, 01070.HK) has officially set up a joint lab with Tencent START cloud gaming in Shenzhen, China. The event brought together senior executives, including deputy general manager of the company Smart Screen BU, Chen Zhanyuan, general manager of the company’s software engineering center, Wang Lingchen, general manager of Tencent START Cloud Gaming, Yang Wei. , and Tencent START Cloud Gaming CTO, Wei Xue, who presided over the lab’s inauguration ceremony.

By leveraging TCL’s integrated electronic platform and technological advance, as well as Tencent START’s cloud virtualization, audio and video technology and gaming resources, the two sides will engage in a collaborative innovation and deep cooperation around wireless connection, encoding and decoding, cloud-edge collaboration and custom optimization systems, and jointly harness the potential of cloud gaming on large screens to create the ultimate consumer experience.

It should be noted that this is not only the very first common cloud gaming lab in the big screen industry, but also a key step for TCL Electronics to establish its presence in the gaming ecosystem. cloud on the big screen.

As a leader in the large screen industry, TCL Electronics has partnered with Tencent START Cloud Gaming since early 2020, exploring the possibilities of cloud gaming on the big screen,

– 1 –

including device adaptation, technology upgrades, experience optimization, content, interactive experiences and many other industry-leading aspects.

In terms of hardware, TCL Electronics has launched the sixth generation primary color quantum dot smart displays, dazzling the world with its large, high-quality displays that feature one billion colors. In 2020, the sales volume of the series in the PRC market enabled the Company to gain the second largest market share of quantum dot smart displays. 1. Meanwhile, the company has adopted the new generation QD-Mini LED display technology to enhance large screens with higher brightness, higher contrast and better colors to enhance customers’ gaming experiences.

In terms of content, Falcon Network Technology, a subsidiary of TCL Electronics, has released popular console games including Overcooked and Moving Out Online, which have dramatically improved the home entertainment experience for users. To date, Falcon Network Technology has released a few high quality online store games, making it one of the most diverse platforms for OTT.

TCL Electronics has made a breakthrough in interactive experiences, pushing the full path of cloud game terminal operation, including input, decoding, processor, memory and network, while achieving optimization of 42, 7% of TCL Smart Screen and START Cloud Gaming full path delay to reach 68.8ms. It is the fastest in the industry and will bring better gaming experience than using only the main console. In September of this year, TCL Electronics became the first in the industry to receive four-star certification from Tencent START Cloud Gaming. Operation Cloud Gaming also innovated in terms of touch latency and visual framework. Such achievements are also inseparable from the basic technological advances made in OS. Over the past few years, TCL Electronics has explored its core CPU, GPU, memory, and file system optimization, breaking down technical barriers to ensure users can enjoy a smooth cloud gaming experience. and stable.

– 2 –

Cloud gaming will contribute to rapid development as cloud computing, big data and other next-generation information technologies mature. According to the China Cloud Gaming Market Trends Report published jointly by Tencent Research Institute and Newzoo, the global cloud gaming market will grow by about 7.2 times to reach $ 5.135 billion from 2020 to 2023. We are looking forward to seeing you grow by around 7.2 times the market. ‘expects the compound annual growth rate of Chinese cloud gaming market revenue to reach 135%, reaching nearly 60.65 million potential users.

Today, the Tencent START app has already been released on most TCL smart displays. Seeing the establishment of the Joint Lab as an opportunity, TCL Electronics will continue to focus on core technology breakthrough with Tencent START Cloud Gaming and explore more strategic cooperation such as common models of big screen games and building of professional gaming systems in the future.

– To finish –

1data source: CMM omnichannel data

– 3 –

About TCL Electronics

TCL Electronics Holdings Limited (“TCL Electronics” or “the Company”, stock code: 01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the Hong Kong Stock Exchange in November 1999. The Company is primarily engaged in R&D, manufacturing and sales of smart displays, smart mobile and connected devices, smart business displays, smart home products and other diversified IoT products, as well as independently developed home internet services . TCL Electronics is the only diversified consumer electronics company in the industry in China with a vertically integrated supply chain. Focusing on the smart display industry, supported by 5G technology and the “AI x IoT” strategy, TCL Electronics is committed to delivering smart and healthy life in household, mobile and business scenarios, and commits to become a leading global intelligent technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is part of the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark. Every year since 2018, the company has received an A rating for ESG from Hang Seng Indexes Company Limited.

For more information, please visit the TCL Electronics Investor Relations site: http://electronics.tcl.com, or TCL Electronics’ Investor Relations WeChat page.

Media contacts:

TCL electronics

Cassie chow

E-mail: weiheng.zhou@tcl.com

Quote Dewe Rogerson

Linda Pui

E-mail: linda.pui@citigatedewerogerson.com

– 4 –

Disclaimer

TCL Electronics Holdings Ltd. published this content on 02 December 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 02 December 2021 08:40:02 UTC.

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Cloud Village makes poor business debut in Hong Kong https://sms461.com/2021/12/02/cloud-village-makes-poor-business-debut-in-hong-kong/ Thu, 02 Dec 2021 07:03:00 +0000 https://sms461.com/2021/12/02/cloud-village-makes-poor-business-debut-in-hong-kong/ By Clarence Leong Music streaming company Cloud Village Inc. made a lackluster debut in the Hong Kong market on Thursday amid a difficult environment for Chinese tech stocks. Shares of NetEase Inc., which raised HK $ 3.28 billion ($ 420.9 million) in its initial public offering, were HK $ 200.20 in the afternoon, or 2.3% […]]]>
By Clarence Leong

Music streaming company Cloud Village Inc. made a lackluster debut in the Hong Kong market on Thursday amid a difficult environment for Chinese tech stocks.

Shares of NetEase Inc., which raised HK $ 3.28 billion ($ 420.9 million) in its initial public offering, were HK $ 200.20 in the afternoon, or 2.3% less than the IPO price.

The valuation of the company seems dear to Essence International. He notes that Cloud Village’s price-to-sales ratio – the value investors place on a company for its revenue – is much higher than that of Tencent Music Entertainment Group, the industry leader in China. Based on 2020 revenue, the price of Cloud Village’s offer places its valuation at more than 6 times, compared to 2.6 times for Tencent Music.

Due to their high valuation and moderate sentiment towards tech stocks, Cloud Village stocks are unlikely to outperform in the near term, Essence said.

The muted debut comes as a host of Chinese companies rush to strike deals in Hong Kong, with at least seven companies in sectors ranging from real estate to healthcare this week, generating nearly $ 14 billion. HK dollars of combined revenue.

They are doing so at a time when investor sentiment has been shaken by the emergence of the Omicron Covid-19 variant, and as a slowdown in China’s economic growth is weighing on the near-term outlook for tech companies. The benchmark Hang Seng index hit its lowest level in 14 months this week, and the Hang Seng TECH index has lost 29% so far this year.

Cloud Village, based in Hangzhou and founded in 2013, counts NetEase, Sony Music Entertainment and Orbis Investments among its main investors. It says 185 million users logged into its NetEase Cloud Music online music platform at least once a month during the first half of 2021, and 26 million users paid for its services each month. .

The company filed for an IPO in Hong Kong in late May, but pulled out in August following a massive sell-off in Chinese IT stocks as Beijing intensified regulatory action against the industry. Cloud Village filed a new filing in November, but cut the size of its IPO by more than half.

Write to Clarence Leong at clarence.leong@wsj.com

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Macau arrests 11 people for illegal gambling and money laundering https://sms461.com/2021/11/28/macau-arrests-11-people-for-illegal-gambling-and-money-laundering/ Sun, 28 Nov 2021 14:30:00 +0000 https://sms461.com/2021/11/28/macau-arrests-11-people-for-illegal-gambling-and-money-laundering/ A logo of Macau’s junket operator Suncity Group is seen at a gaming fair in Macau, China on November 18, 2015. REUTERS / Bobby Yip // File Photo Register now for FREE and unlimited access to reuters.com Register now HONG KONG, Nov.28 (Reuters) – Macau police said on Sunday that they had arrested 11 people […]]]>

A logo of Macau’s junket operator Suncity Group is seen at a gaming fair in Macau, China on November 18, 2015. REUTERS / Bobby Yip // File Photo

Register now for FREE and unlimited access to reuters.com

HONG KONG, Nov.28 (Reuters) – Macau police said on Sunday that they had arrested 11 people in an investigation into an illegal gambling and money laundering syndicate, a day after the man businessman Alvin Chau, who organizes trips to Asian casinos for high-rollers, was questioned at a police station.

Police said in a statement that those involved in the case admitted the group had operated gambling sites or telemarketing activities in other locations.

Hong Kong’s South China Morning Post reported that in a press conference on Sunday, the Macau Judicial Police did not name the individuals but said they included a 47-year-old businessman from Macau surnamed Hot.

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It was not clear if this was Alvin Chau, chairman of Suncity Group Holdings Ltd (1383.HK). He is also the founder of a separate legal entity also known as Suncity, the largest “junket operator” in the Special Administrative Region, which operates VIP gambling halls across Asia.

Junket operators are middlemen who get big players to gamble in casinos, grant them credit and collect their debts. Macau itself is known as the Las Vegas of Asia and has grown rich thanks to the gambling industry.

Suncity’s junket operator could not be reached for comment. Representatives of Hong Kong-listed Sun City Group Holdings could not be contacted by phone and did not respond to email inquiries seeking comment on behalf of the company or Chau.

A spokesperson for the Macao Judicial Police did not respond to phone calls seeking comment.

Authorities in east China’s Wenzhou City said on Friday that an investigation revealed that Alvin Chau had formed a network of junket agents on the mainland to help citizens engage in offshore and cross-border gambling activities.

The Macau government said on Saturday that he was taken to the police station for questioning, based on previous evidence and after receiving notification of the arrest warrant from mainland authorities.

GGRAsia, a media outlet on the casino industry in Asia, quoted a Suncity spokesperson as saying via email early on Saturday: “All businesses are operating normally under the law and under the supervision of the Special Administrative Region government. Macao “.

Chau is also a majority shareholder of Sun Entertainment Group Ltd. (8082.HK), a film production and cremation services company, which said in an exchange on Sunday that its board of directors took note of the media coverage of the investigations in Wenzhou and Macau.

“The Board wishes to stress that the media coverage concerns the personal affairs of Mr. Chau. The Board is of the opinion that the Incident has no significant impact on the financial situation, the activities or the functioning of the Group”, deposit said.

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Reporting by Alun John; Editing by William Mallard and Angus MacSwan

Our Standards: Thomson Reuters Trust Principles.

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From Grammy nominations list to buying Sony’s $ 100 million stock – this is MBW’s weekly roundup https://sms461.com/2021/11/26/from-grammy-nominations-list-to-buying-sonys-100-million-stock-this-is-mbws-weekly-roundup/ Fri, 26 Nov 2021 18:51:54 +0000 https://sms461.com/2021/11/26/from-grammy-nominations-list-to-buying-sonys-100-million-stock-this-is-mbws-weekly-roundup/ Welcome to Music Business Worldwide’s weekly roundup – where we make sure you’ve caught the five biggest stories that have made the headlines in the past seven days. MBW’s roundup is supported by Centtrip, which helps more than 500 of the world’s top-selling artists maximize revenue and reduce touring costs. Jon Batiste had a great […]]]>

Welcome to Music Business Worldwide’s weekly roundup – where we make sure you’ve caught the five biggest stories that have made the headlines in the past seven days. MBW’s roundup is supported by Centtrip, which helps more than 500 of the world’s top-selling artists maximize revenue and reduce touring costs.


Jon Batiste had a great week.

On the day the Grammy nominations were announced (Tuesday, November 23), The Late Show artist, musician, songwriter and conductor discovered he was up for 11 awards at the 2022 ceremony, more than any other artist on the show’s shortlist.

That’s two more than the most nominated artist for the 2021 awards, which was Beyoncé, with nine.

Tied for second on the nominations list for the 2022 show, slated for Jan. 31, are Justin Bieber, Doja Cat and HER with eight each, while Billie Eilish and Olivia Rodrigo have won seven each.

Meanwhile, JAY-Z received three nominations this year, bringing his career total to 83 and making him the most Grammy-nominated artist of all time.

Also this week, news came of one of the upcoming music IPOs, with Chinese tech giant NetEase Inc. confirming that its subsidiary Cloud Village – operator of the music streaming service NetEase Cloud Music – will be listed. on the Hong Kong Stock Exchange on December 2. .

According to the Cloud Village prospectus, the company aims to raise around US $ 450 million on the IPO, and Sony Music Entertainment is buying shares of the company worth US $ 100 million.

Additionally, Fortnite maker Epic Games bought video game developer Harmonix, creator of the popular Rock Band franchise.

Epic claims that as they work “to build the metaverse”, the expertise of the Harmonix team “is needed to reimagine how music is experienced, created and distributed.” It’s definitely one to watch out for.

Elsewhere this week, UK venture capital firm Edge Investments closed an £ 85million (around US $ 113million) fundraiser for a new venture capital fund, and Republic Records named Wendy Goldstein and Jim Roppo as co-chairs.

Here is what happened in the last few days….


1) GRAMMY AWARDS 2022: FULL LIST OF NOMINATIONS

Nominations for the 2022 Grammy Awards have arrived.

Jon Batiste is the most nominated artist for the awards ceremony, winning 11 in seven “fields” including General Field, R&B, Jazz, American Roots Music, Music For Visual Media, Classical and Music Video / Film.

The awards ceremony will take place on Monday, January 31, 2022. Click here to see the full list of nominees.


2) SONY MUSIC PURCHASES $ 100M OF SHARES IN NETEASE’S MUSIC SERVICE; THE IPO OF THE CHINESE PLATFORM IS SET FOR 2 DECEMBER

Chinese tech giant NetEase Inc. has confirmed that its subsidiary Cloud Village – which operates the music streaming service NetEase Cloud Music – will be listed on the main board of the Hong Kong Stock Exchange on December 2 under the symbol “9899.HK” .

A pre-IPO prospectus reveals that three “key investors” support Cloud Village’s listing: current parent company NetEase, Orbis Investment Management Limited and last but not least Sony Music Entertainment.

The latter company, MBW discovered, buys shares of Cloud Village for a value of 100 million dollars, in accordance with an agreement signed by Cloud Village and Sony Music on November 22 …


3) EPIC GAMES ACQUIRES ROCK BAND MANUFACTURER HARMONIX TO “REIMAGINE HOW MUSIC IS EXPERIENCED, CREATED AND DISTRIBUTED”

Epic Games, the maker of the hit video game Fortnite and Unreal Engine, has acquired Harmonix, creator of the popular Rock Band and Dance Central franchises for an undisclosed amount.

The takeover of Boston-based music games studio Harmonix follows a period of successful fraternization with the music industry for Epic.

Epic’s flagship game Fortnite has served as a busy virtual performance and debut video space for a number of big stars, while its Unreal engine is used as the basis for the 3D music videos created by the studios of immersive music from Sony Music.

However, Epic’s latest musical movement could be the most ambitious yet….


4) EDGE INVESTMENTS IN THE UNITED KINGDOM COLLECTS $ 113 M FOR A FUND SUPPORTED BY SIMON MORAN AND GAVIN ROSSDALE

UK venture capital firm Edge Investments has completed a fundraising round of £ 85million (around US $ 113million) for a new venture capital fund.

The Edge Create The Future fund is aiming for a final close of £ 100million ($ 133million).

Edge, led by longtime music industry entrepreneur and lawyer David Glick, said the new fund would target investments in sectors “such as edtech, virtual / augmented reality, adtech, creative and content distribution ”….


5) WENDY GOLDSTEIN AND JIM ROPPO NAMED CO-PRESIDENTS OF REPUBLIC RECORDS

Republic Records appointed Wendy Goldstein and Jim Roppo as co-chairs.

Goldstein has been President of West Coast Creative since 2019 and is based in the Los Angeles office.

Meanwhile, Roppo has served as Executive Vice President and General Manager since 2018 and is based at the brand’s headquarters in New York …


MBW’s Weekly Round-Up is supported by Centtrip, which helps more than 500 of the world’s top-selling artists maximize their income and lower their touring costs.

Music trade around the world

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Wynn Macau to help pay off HK $ 6million to VIP player https://sms461.com/2021/11/25/wynn-macau-to-help-pay-off-hk-6million-to-vip-player/ Thu, 25 Nov 2021 13:24:29 +0000 https://sms461.com/2021/11/25/wynn-macau-to-help-pay-off-hk-6million-to-vip-player/ A court has ordered Wynn Macau to help pay off HK $ 6million (US $ 769,447) plus interest to a VIP player who had his funds stolen in the property’s VIP room. [Image: Shutterstock.com] Joint responsibility A Macau court ruled that Wynn Resorts must help return funds to a VIP player who had their money […]]]>

A court has ordered Wynn Macau to help pay off HK $ 6million (US $ 769,447) plus interest to a VIP player who had his funds stolen in the property’s VIP room. [Image: Shutterstock.com]

Joint responsibility

A Macau court ruled that Wynn Resorts must help return funds to a VIP player who had their money stolen. The final Court of Appeal ruling ordered Wynn and his partner Dore Entertainment Limited to pay HK $ 6 million (US $ 769,447) plus interest to the big player.

Dore works as a game promoter and middleman for Wynn’s gaming operations in Macau. Through this partnership, the casino company has opened the VIP Dore Room in the Wynn Macau Casino.

operators are partly responsible for all activities carried out by their promoters

In their ruling, the judges argued that operators are partly responsible for all the activities that their promoters carry out in a casino. This includes ensuring that the game promoter complies with relevant regulatory and legal standards. For these reasons, the panel of judges believes that Wynn is partly responsible, regardless of whether Dore’s activities are illegal or legal.

Do not honor the withdrawal

Wynn Macau confirmed in a filing Wednesday that he had received the court ruling. The company’s statement said, “Based on the advice of the company’s Macau lawyer, the judgment is final and binding on all parties. The Group is currently seeking legal advice from its Macao counsel regarding the judgment. “

stole nearly HK $ 700 million ($ 89.8 million) from a cashier’s cage

Dore was hit hard financially in September 2015 after a cage manager stole nearly 700 million Hong Kong dollars (US $ 89.8 million) from a cashier’s cage in the VIP room. The authorities never arrested the worker or recovered the stolen funds. Four players subsequently sued Wynn and Dore for a total of HK $ 64 million (US $ 8.2 million). However, only one was able to present proof of deposit and continue with their case.

In June 2015, the anonymous VIP player deposited funds worth HK $ 6 million (US $ 769,447) in the Dore VIP room. He has reportedly returned to the VIP room several times since September 2015 to try to get his money back, but Dore has reportedly refused to honor his withdrawal requests. This prompted the player to sue the operator, demanding the return of his HK $ 6million (US $ 769,447), as well as a 9.75% interest.

Long-term legal proceedings

The trial court initially ruled on the case in December 2017. The ruling stated that Dore should pay the player his funds, without incurring liability for Wynn. Dore and the player disagreed with this initial decision, which led both parties to appeal the decision to the Court of Second Instance (TSI).

A TSI panel decision in October 2018 said Wynn and Dore were responsible for reimbursing the player. This time, Wynn decided to appeal the decision to the Court of Final Appeal. The operator claimed that Dore was only an entrepreneur and therefore waived any responsibility to pay the developer’s debts.

Junket operators such as Dore lure VIP players to casinos, often granting them credits and arranging travel and accommodation.

In the end, this appeal turned out to be unsuccessful. According to industry insiders, the latest move could have significant implications for all casino operators in Macau. It will also likely affect their future relationships with the junket operators. The number of licensed promoters in Macau has declined dramatically in recent years as casino companies rely less on them.

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Insiders who bought this year lost HK $ 253,000 as Beijing Sports and Entertainment Industry Group Limited (HKG: 1803) lost value of HK $ 32 million https://sms461.com/2021/11/23/insiders-who-bought-this-year-lost-hk-253000-as-beijing-sports-and-entertainment-industry-group-limited-hkg-1803-lost-value-of-hk-32-million/ Tue, 23 Nov 2021 22:55:09 +0000 https://sms461.com/2021/11/23/insiders-who-bought-this-year-lost-hk-253000-as-beijing-sports-and-entertainment-industry-group-limited-hkg-1803-lost-value-of-hk-32-million/ The recent 11% drop in Beijing Sports and Entertainment Industry Group Limited (HKG: 1803) could be a blow to insiders who bought HK $ 1.5 million worth of shares at an average purchase price of HK $ 0.22 over the past 12 months. This is not good, as insiders invest based on the expectation that […]]]>

The recent 11% drop in Beijing Sports and Entertainment Industry Group Limited (HKG: 1803) could be a blow to insiders who bought HK $ 1.5 million worth of shares at an average purchase price of HK $ 0.22 over the past 12 months. This is not good, as insiders invest based on the expectation that their money will appreciate over time. However, due to recent losses, their initial investment is now worth only HK $ 1.3 million.

While insider trading isn’t the most important thing when it comes to investing for the long term, logic dictates that you pay attention to whether insiders are buying or selling stocks.

Check out our latest analysis for Beijing Sports and Entertainment Industry Group

The Last 12 Months of Insider Trading at Beijing Sports and Entertainment Industry Group

The biggest insider buy in the past twelve months was when non-executive director Yebi Hu bought HK $ 412,000 of shares at a price of HK $ 0.20 per share. This means that even when the share price was above HK $ 0.18 (the recent price), an insider wanted to buy shares. Their perspective may have changed since, but it at least shows that they were feeling optimistic at the time. We always take careful note of the price insiders pay when they buy stocks. Typically, we are more bullish on a stock when an insider has bought a stock at a higher price than the current price, as this suggests that he or she viewed the stock as good value, even at a low price. higher price. Yebi Hu was the only individual insider to buy shares in the past twelve months.

Yebi Hu bought 7.02 million shares in the past 12 months at an average price of HK $ 0.22. The chart below shows insider trading (by businesses and individuals) over the past year. By clicking on the graph below, you can see the exact detail of each insider trade!

SEHK: 1,803 Insider Trading Volume 23 November 2021

The Beijing Sports and Entertainment Industry Group isn’t the only title that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider buys, might be just the ticket.

Insider Ownership of Beijing Sports and Entertainment Industry Group

Another way to test the alignment between a company’s executives and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will have an incentive to build the business for the long term. It appears that insiders from the Beijing Sports and Entertainment Industry Group own 28% of the company, worth around HK $ 71 million. This level of insider ownership is good but just short of being particularly noteworthy. It certainly suggests a reasonable degree of alignment.

What might Beijing’s sports and entertainment industry group’s insider trading tell us?

There haven’t been any insider trading in the past three months, that doesn’t mean much. However, our analysis of transactions over the past year is encouraging. Insiders own shares in the Beijing Sports and Entertainment Industry Group and we see no evidence to suggest that they are worried about the future. In addition to knowing the current insider transactions, it is useful to identify the risks facing the Beijing Sports and Entertainment Industry Group. For example, the Beijing Sports and Entertainment Industry Group has 3 warning signs we think you should be aware.

If you would rather consult with another company – one with potentially superior finances – then don’t miss this free list of interesting companies, which have a HIGH return on equity and low leverage.

For the purposes of this article, insiders are the persons who report their transactions to the relevant regulatory body. We currently account for open market transactions and private assignments, but not derivative transactions.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative material. Simply Wall St has no position in any of the stocks mentioned.

Do you have any feedback on this item? Are you worried about the content? Get in touch with us directly. You can also send an email to the editorial team (at) simplywallst.com.

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2 ETFs for investors who believe Chinese stocks will win after Biden-Xi ‘summit’ https://sms461.com/2021/11/22/2-etfs-for-investors-who-believe-chinese-stocks-will-win-after-biden-xi-summit/ Mon, 22 Nov 2021 10:57:37 +0000 https://sms461.com/2021/11/22/2-etfs-for-investors-who-believe-chinese-stocks-will-win-after-biden-xi-summit/ Long-term Chinese equity investors have had a volatile year so far in 2021. The state’s heavy hand on technology, online education and real estate names has put significant pressure on these investors. actions. For example, this is how several of the widely followed Chinese stocks have behaved since the start of the year (YTD). Ali […]]]>

Long-term Chinese equity investors have had a volatile year so far in 2021. The state’s heavy hand on technology, online education and real estate names has put significant pressure on these investors. actions. For example, this is how several of the widely followed Chinese stocks have behaved since the start of the year (YTD).

  • Ali Baba (NYSE 🙂 – down 39.7% year-to-date;
  • Baidu (NASDAQ 🙂 – 29.8% over the current fiscal year;
  • Baozun (NASDAQ 🙂 – down 50.9% year-to-date;
  • Didi Global (NYSE 🙂 – down 40.7% since its IPO in June;
  • JD.com (NASDAQ 🙂 – up 4.1% year-to-date;
  • New oriental education and technology (NYSE 🙂 – down 88.2% year-to-date;
  • Nio (NYSE 🙂 – down 20.7% year-to-date;
  • Tencent (OTC 🙂 – down 12.1% year-to-date.

On the other hand, the index is up around 6.9% and the index has returned 2.5%. By comparison, the index, which hit a record high in early November, is up 25.1% since the start of the year. Analysts are now wondering if global investors might start showing cautious optimism about Chinese stocks anytime soon.

Meanwhile, on November 15, US President Joseph Biden and his Chinese counterpart Xi Jinping had a virtual meeting, which was seen as a positive step in open communication despite points of tension between the two countries. After the meeting, the White House reading said:

“The two leaders have covered areas where our interests align and areas where our interests, values ​​and perspectives diverge…. [President Biden] was clear on the need to protect American workers and industries from unfair trade and economic practices by the PRC.

The World Bank notes that over the past four decades, China’s average annual GDP growth has been around 10%, and the country is now “an upper-middle-income country.”

In other words, despite the regulatory issues in the country as well as the occasional global disputes, China is an important country for global investors. Therefore, today’s article features two exchange-traded funds (ETFs) that might appeal to readers who think Chinese stocks might be better off in 2022.

1. Global X MSCI China Information Technology ETF

  • Current price: $ 29.06
  • 52 week range: $ 27.44 – $ 39.20
  • Dividend yield: 1.02%
  • Expense ratio: 0.65% per year

According to recent measurements, in the first half of 2021, China’s software and information technology (IT) industry recorded record revenues of $ 682.86 billion, an increase of 23.2% year-on-year .

The Brookings Institution suggests that “China’s competitive advantage is its ability to overtake the United States, as 1.5 billion people generate data that can then be reused for other applications, including artificial intelligence ( AI) and new products and services … China has set a national goal to be the world leader in artificial intelligence by 2030.

Our first fund, the MSCI China Information Technology Global X ETF (NYSE 🙂 provides exposure to large and mid-cap Chinese IT companies. The fund was floated on the stock exchange in December 2018.

CHIK, which tracks the MSCI China Information Technology 10/50 Index, currently has 106 stocks. The top ten holdings represent approximately 45% of total net assets over $ 30 million. In other words, it’s a small fund.

The most important sectors of the fund are electronic components (19.56%), semiconductors (17.96%), telecommunications equipment (13.82%), software packages (13.41%) and computer hardware (5.41%).

Leading manufacturer of optical lenses Sunny optical technology (OTC:); Xiaomi (OTC :), which manufactures smartphones and provides Internet services; solar glass supplier Solar xinyi (HK:); Kingdee International Software (OTC :), which provides enterprise resource planning (ERP); and Lenovo (OTC :), which makes personal computers and mobile internet devices, is among the best animus on the list.

CHIK is down 3.2% over the past 52 weeks and 13.6% YTD. It also hit a 52-week low on October 6. The fund’s price-to-earnings (P / E) and price-to-book (P / B) ratios are 21.86x and 2.28x. Interested readers might consider investing around these levels.

2. ETF SPDR S&P China

  • Current price: $ 112.26
  • 52 week range: $ 106.42 – $ 156.29
  • Dividend yield: 1.15%
  • Expense ratio: 0.59% per year

The SPDR® S&P China ETF (NYSE 🙂 invests both in “China A-Shares” as well as in companies that trade as American Depositary Receipts (ADRs) in the United States. Most of our readers know that Chinese A-shares are RMB-denominated stocks that trade on the Shanghai and Shenzhen stock exchanges.

GXC Weekly

GXC, which holds 897 holdings, tracks the returns of the S&P China BMI Index. The fund started trading in March 2007.

Companies in the consumer discretionary sector make up the highest share at 29.16%. Next come communication services (16.96%), financial services (13.34%), health care (7.98%). The top 10 names represent about 40% of the net assets of $ 1.69 billion.

Leading company in social media and entertainment Tencent; heavyweights of e-commerce Ali Baba and JD.com; food ordering and delivery platform Meituan (OTC:); group of electric vehicles (EV) Nio; and Construction Bank of China (OTC 🙂 are among the largest companies in the fund.

Over the past 12 months, GXC has fallen nearly 14% and lost more than 13.8% since January 2021. The trailing P / E and P / B ratios stand at 11.90x and 1.72x. Investors who believe the decline in Chinese stocks may end soon should do more research on the ETF.

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Today’s transactions Mergers and acquisitions https://sms461.com/2021/11/18/todays-transactions-mergers-and-acquisitions/ Thu, 18 Nov 2021 21:00:00 +0000 https://sms461.com/2021/11/18/todays-transactions-mergers-and-acquisitions/ Nov. 18 (Reuters) – The following deals, mergers, acquisitions and divestitures were reported at 9:00 p.m. GMT on Thursday: ** Data intelligence specialist GB Group (GBGP.L) has announced that it will purchase its US counterpart Acuant Intermediate for an enterprise value of $ 736 million, expanding its identity verification business and prevention of identity fraud. […]]]>

Nov. 18 (Reuters) – The following deals, mergers, acquisitions and divestitures were reported at 9:00 p.m. GMT on Thursday:

** Data intelligence specialist GB Group (GBGP.L) has announced that it will purchase its US counterpart Acuant Intermediate for an enterprise value of $ 736 million, expanding its identity verification business and prevention of identity fraud.

** VTB Group (VTBR.MM) has announced plans to sell around 17.28% of the ordinary shares of Russian food chain Magnit (MGNT.MM), thus completing its investment cycle and making private group Marathon the major shareholder of the retailer. Read more

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** Norwegian energy company Sval Energi, backed by private capital, is set to close a deal to acquire Spirit Energy’s oil and gas operations in the country for around $ 400 million, industry and banking sources have said. . Read more

** Unilever Plc (ULVR.L) has agreed to sell its global tea business to CVC Capital Partners for 4.5 billion euros ($ 5.1 billion), concluding a process to review and split the division which lasted over two years. Read more

** Brazilian investor Nelson Tanure has struck a deal to take control of medical diagnostics company Alliar (AALR3.SA), O Globo columnist Lauro Jardim reported, pushing his shares higher.

** EFG Hermes, Egypt’s largest investment bank, has finalized its takeover of state-owned Arab Investment Bank, turning into an Egyptian universal bank, he said.

** Danish drug maker Novo Nordisk (NOVOb.CO) has entered into a $ 3.3 billion cash deal to buy Dicerna Pharmaceuticals (DRNA.O), which specializes in therapies against pathogenic genes, has he declares. Read more

** Financial services firm ODDO BHF is in talks to buy Paris-based Quilvest Banque Privée, which manages around € 2 billion ($ 2.3 billion) in assets, the companies said. Read more

** Britain’s Playtech (PTEC.L) said it had received an approach to take over a group led by former Formula 1 boss Eddie Jordan, the third of its kind to take an interest in the gaming software maker , setting up a potential bidding battle. Read more

** Bitdeer Technologies has announced plans to go public by merging with blank check company Blue Safari Group Acquisition Corp (BSGA.O) in a deal valuing the cryptocurrency mining platform at $ 4 billion. Read more

** Deutsche Telekom (DTEGn.DE) is preparing to sell its ailing IT services unit, T-Systems reported, Manager Magazin reported, citing people familiar with the matter. Read more

** China Evergrande Group (3333.HK) sells its entire stake in streaming services company HengTen Network Group (0136.HK) for HK $ 2.13 billion ($ 273.5 million), then that the cash-strapped developer struggles to avoid debilitating default on his debts.

** Japanese company Kubota Corp (6326.T) will increase its stake in tractor maker Escorts Ltd (ESCO.NS) to 44.8%, the companies said, raising the shares of the Indian company to a level record. Read more

** US private equity firm Carlyle (CG.O) said talks over a possible takeover offer from Metro Bank (MTRO.L) were over, causing the UK lender’s shares to fall 16%. Read more

** Flutter Entertainment has acquired Tombola, one of the UK’s leading online bingo operators, for an enterprise value of £ 402m ($ 542m), said Paddy Power owner Betfair and Fanduel.

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Compiled by Rajarshi Roy, Amruta Khandekar and Deborah Sophia in Bengaluru

Our Standards: Thomson Reuters Trust Principles.

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The global rise of Asian cinema https://sms461.com/2021/11/16/the-global-rise-of-asian-cinema/ Tue, 16 Nov 2021 08:33:52 +0000 https://sms461.com/2021/11/16/the-global-rise-of-asian-cinema/ We trace the global rise of Asian cinema, from blockbusters to independent arthouse. At this precise moment, the world is in the grip of Squid game, the violence-infused South Korean series that set Netflix records (to 111 million viewers and over) by becoming the platform’s most popular show. Always Squid games (Photo: Netflix) Prior to […]]]>

We trace the global rise of Asian cinema, from blockbusters to independent arthouse.

At this precise moment, the world is in the grip of Squid game, the violence-infused South Korean series that set Netflix records (to 111 million viewers and over) by becoming the platform’s most popular show.

Always Squid games (Photo: Netflix)

Prior to that, Chloe Zhao’s first historic Oscars as an Asian woman rightly grabbed attention at this year’s ceremony. But there was also the remarkable achievement of Hong Kong director Derek Tsang, which somehow missed the degree of attention he surely would have garnered in previous years.

So let’s start with a little reminder.

The rise of Asian cinema

Last year, Tsang became the very first Hong Kong-born director to have an Oscar nominated feature film when his bullying and crime-themed drama is set in China. Better days was in contention for the award for best international feature film.

The rise of Asian cinema
Images of Better Days by Derek Tsang (Photos by Wei Lun Wong)
Photos of Derek Tsang Better days (Photos by Wei Lun Wong)

Better days is just the second feature film that Tsang, 41, has directed on his own, and that his avant-garde and fringe subject matter and style conquered the Academy of Cinema Arts and Sciences was a surprise, not at least to the man himself, who admits, “We never really thought it would be so well received, critically or commercially. We just thought we would put all of our hearts into making this movie – and hopefully that would make audiences appreciate the effort and the story.

But the world has woken up to what’s going on in Asia, and the nod to Tsang’s work was yet another reflection of the growing influence and hold of the region’s cinema – and its makers of. content – on the global audience, both mainstream and arthouse. This idea was confirmed at the same Oscars party in April, when Zhao, of Chinese descent, became the first Asian woman to win Best Director and Best Picture with Nomadic country, his atmospheric and haunting portrayal of age – and of an aging America.

There is also an increased interest in the way Asian filmmakers tell their stories, and a welcome shift in perception, given the traditional predominance of a point of view very close to that of predominantly white, middle-class filmmakers. and men.

Shang-Chi and the legend of the ten rings
Shang-Chi and the legend of the ten rings (Photo by Jasin Boland)

Never one to miss the tide of public opinion, Hollywood quickly added depth to its talent pool, turning to Zhao to take the reins of the Marvel Cinematic Universe superhero actor. Eternals, slated for release this month and the first time an Asian woman has added her vision to the franchise. Meanwhile, the first Asian-led superhero film, Shang-Chi and the legend of the ten rings has so far withdrawn over US $ 400 million at the global box office – including over US $ 214 million in the US, making it the biggest blockbuster of 2021 in America.

At this year’s Oscars, Korean-American family drama Lee Isaac Chung Minari was also in the shortlist for Best Picture and Best Director (as well as Best Actor for Steven Yeun), and won Best Supporting Actress for veteran Youn Yuh-jung, proving the change many had hoped for. be able to follow the whole of Bong Joon-ho -conquest Parasite last year was indeed seismic.

The South Korean director has long called on the world at large to “overcome the one-inch-high subtitle barrier” and his elegantly dark, dystopian suburban thriller showed just how easy that can be, as Bong walked away with four Oscars of his own. in 2020, including those for best film and best director.

So, yes, ignore the enemies. It often really takes Oscar recognition to wake up film audiences and the film industry itself. Just look at where Tsang is now, at the time of writing. He didn’t win the Oscar – he went to Danish black comedy Another round – but he’s since been torn from the relative obscurity of pre-Oscar life and put to work in London by global streaming giant Netflix.

Director Derek Tsang
Director Derek Tsang Kwok-cheung

Tsang is currently directing two episodes of Netflix’s highly anticipated adaptation of Chinese author Liu Cixin’s acclaimed sci-fi epic. Three-body problem, and it works under the watchful eye of the creative team that gave the world the Game of Thrones phenomenon.

“Of course, from an opportunity perspective, there has been a huge change [after the nomination]”Tsang said via Zoom, after a day of filming in London.” A lot of producers from different countries are reaching out to us and there is a lot of talk about collaboration. “In the last couple of years it really felt like he there was a demand for more Asian content, be it feature films or streaming content, with the success of Chloe Zhao and Crazy Rich Asians at the box office, and now Squid Game. , all of a sudden, the momentum is really there.

“In recent years, it really feels like there is a demand for more Asian content”

– Derek Tsang

Asian successes continued on the international festival circuit in 2021, with Japan’s Ryusuke Hamaguchi winning three awards at Cannes, including Best Screenplay, for Drive my car, following the Silver Bear that he took from Berlin to Wheel of Fortune and Fantasy.

“Sometimes good stories have to come from a different country,” Tsang explains, “and reading the subtitles isn’t as big a barrier as a lot of producers or studios once thought. So now everyone. The world is hungry for international content, not just Asian content, but good story that can travel well across different cultures and nations, and it’s a really exciting time for Asian storytellers.

Always Ryusuke Hamaguchi Drive my car

In the arthouse world, this year’s festival circuit has so far been owned by Hamaguchi, 42, and it’s an embodiment of literary texture, with long, slow shots of people. engaged with each other, and not at all afraid of the attention span of his audience. His soaked love Happy Hour (2015) actually works for five of them, while Drive my car spans three.

Taken from a short story by Haruki Murakami which traces the relationship between a widowed actor and the young woman he hires as a driver, the latter has already been touted as Japan’s hope for the next round of the Oscars. It follows Wheel of Fortune and Fantasy, which weaves its way around three coincidences and how they affect the love life of its characters. These are films in which emotions and truth slowly come to light – just like drama – and they are imbued with a style of poetic cinema championed by Asian masters of yesteryear, like the Japanese Yasujiro Ozu. (History of Tokyo).

Always Ryusuke Hamaguchi Wheel of Fortune and Fantasy

“In life, your heart always trembles,” says Hamaguchi, when we speak via Zoom at this year’s Far East Film Festival in Italy. “It’s not stable. It’s very important that these characters are shaking like that, otherwise they would be boring characters. It is by making these characters tremble in this way that I can portray universal feelings. In a sense, Wheel of Fortune and Fantasy can be seen as a kind of experimenting with how I tell stories and want to keep doing it – experimenting with storytelling.

At the Busan International Film Festival last month, Asia’s largest and most influential, both Wheel of Fortune and Fantasy and Drive my car performed as part of the gala presentation program and Hamaguchi was joined on stage by Bong Joon-ho for a discussion of each other’s life and times.

Director Bong Joon-ho at the Busan International Film Festival
Director Bong Joon-ho at the Busan International Film Festival

Always the showman when an audience gathers, the Korean director admits a personal obsession with Hamaguchi’s style of storytelling. “His films help us experience progress at the heart of our inner emotions and feelings,” Bong says. “Thanks to its sophisticated and complex portrayal, a three-hour film is no obstacle.”

Another champion of slow-burning, atmospheric and emotional cinema, Hong Kong author Wong Kar-wai is currently nestled in Shanghai putting the finishing touches on his own plunge into the pure mainstream, the romantic-looking TV series. Flowers, configured for streaming through Tencent Video. The Covid-19 blocks appear to have accelerated acceptance and access to Asian content, around the world.

“Streaming is a completely different platform from feature films, where you’re limited to a maximum of two hours,” Tsang explains. “You can spend a few seasons to really develop your stories and your characters. As a filmmaker and storyteller, it’s really exciting to have the opportunity to choose the most suitable platform or storytelling device for your story.

Bong Joon-ho and Ryusuke Hamaguchi on stage at the 26th Busan International Film Festival

But that doesn’t mean the big screen remains the dream. Apichatpong Weerasethakul (Uncle Boonmee Who Can Recall His Past Lives), the arthouse darling in Cannes and winner of the Palme d’Or at Cannes, is another Asian filmmaker who has hit the mainstream this year – or which is as close to it as an artist who features regularly in his Spirit Worlds movie characters might never be able to get it.

This year he released his first feature film in English – The Mystery Memory, with Tilda Swinton – as the world awakens to her unique talent and an almost mystical directing style.

“Nationality seems to be less relevant than it was 10 to 20 years ago,” he says. “Streaming platforms are good opportunities because they target local content and audiences. I think streaming platforms have created a different kind of moving image and formula. But they also make us realize that the cinema experience, the collective experience, is unique and precious.

(Hero image courtesy of Netflix)

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