Latest in Fosun

EXCLUSIVE: Chinese government leaders have placed tight restrictions on some of their biggest players who have been infusing money into film production, and Hollywood is now fearful of where the money may come from to finance its projects. At the center of the storm is Beijing-based real estate conglom Dalian Wanda…

Lu Fanxi, the former president of peer-generated content at Chinese online giant Youku Tudou, has been detained on corruption charges. The move comes as part of a wider anti-graft campaign in China. Fanxi had already left the company by the time Jack Ma’s e-commerce giant Alibaba acquired it for $4.8 billion. Fanxi…

UPDATE, 2:08 PM: Fosun International chairman Guo Guangchang is back at work and continuing to oversee day-to-day operations of his company. The head of the Shanghai-based conglomerate disappeared for about a week, leaving those in financial circles wondering about the sudden departure. It is known that there has been…

EXCLUSIVE: The finances for Studio 8, the film and television production company founded by Jeff Robinov and heavily supported by Shanghai-based conglomerate Fosun International, will not be affected by the sudden disappearance of company founder Guo Guangchang. Sources with knowledge of the financial deals said that…

Warner Bros is reportedly in talks with China Media Capital to launch a local language joint venture that will produce films for the Chinese market. The possible development comes as China experiences its worst economic crisis in generations. China’s Shanghai Composite index continued to fall precipitously on Tuesday…

China’s box office market may be going from strength to strength, but its stock market just tanked, with the Shanghai Composite Index losing more than 8% of its value in a single day. That’s the worst loss since 2007 and is spreading uncertainty throughout the marketplace. The plummeting market comes even after the…

Bona Film Group, one of China’s leading film production and distribution companies, has revealed it has received a non-binding offer to go private from Bona founder, chairman and chief exec Yu Dong, Sequoia Capital China I LP and Fosun International Limited. Bona floated on the Nasdaq exchange in December 2010 at…

The first rule of China is you don't talk about China. Unless, of course, you live in Hollywood, in which case all you do is talk about China as execs find themselves in the midst of a historic shift in the global balance of power. After more than a century, the studios are no longer the senior partner at the table…

U.S. shares of China’s Bona Film Group are up 7.7% this morning after the distributor announced two deals that help to consolidate ownership: Its founder and CEO, Yu Dong, agreed to pay $71.4M for the 19.3% stake owned by 21st Century Fox. Separately, Bona plans to sell a 13.3% interest to a Chinese investment group…

Talks are ongoing between former Warner Bros Motion Picture Group President Jeff Robinov and numerous investors, including Beijing-based Huayi Brothers Media Corp, sources said late Thursday, despite published reports to the contrary. A total of three Chinese companies are in discussions to finance Robinov’s new…