Mango Excellent Media announced on Thursday evening that Hangzhou Alibaba Venture Capital plans to transfer 93,647,857 shares, accounting for 5.01% of Mango's total shares.
Domestic authorities contend that the move is designed to put an end to the 'chaos' of online fan clubs, the Securities Times reported on Thursday.
China's regulator on Tuesday proposed strict controls on so-called "idol cultivation programs", while focusing on the management of talent shows by monitoring the setting of voting procedures.
2020 marked a special year for women in the Chinese entertainment industry. With trending female talent shows, the discussion about representation and inclusion of diverse female figures is finally coming to light.
With the development of China’s idol-fostering industry, more well-trained and highly-skilled contenders are entering show business.
iQIYI‘s online show “Idol Producer” takes 100 out of 1908 trainees from 87 entertainment agencies all over Asia, and picks 9 winners by public votes to form a new boy group.