TikTok’s Chinese Version Douyin Adds Shopping to ByteDance News App
Short video app Douyin, the Chinese version of TikTok, is accelerating its e-commerce push and venturing into movie ticketing as owner ByteDance doubles down on efforts to turn its massive user base into a steady stream of revenue.
IMAX Signs a Deal With Wanda to Open Nine Theaters in China
IMAX recently announced that it has struck a deal with Wanda Films, China’s largest cinema operator to launch nine theaters in the Chinese market. Under the agreement, six new IMAX systems will be installed in newly built multiplexes across top Chinese markets and three of the existing IMAX systems will relocate and upgrade to forthcoming new multiplexes.