Quotable

Just like the internet cafe in the 1990s, the VR bar is now a place where consumers can access immersive digital experiences at affordable prices. Before VR device prices begin to fall, more VR bars will pop up first across China."

Shen Meng, director of Chanson & Co, a boutique Chinese investment bank. A search on Dazhong Dianping, China's Yelp-like service, shows more than 60 virtual reality bars in Beijing, Shanghai and Guangzhou.

"This is a landmark development in Imax's history and a strategic linchpin in our growth strategy, particularly as we've seen over time that signings lead to higher box offices and ultimately more revenue."

Richard L Gelfond, CEO of Imax. On Aug 2, Imax Corp and Imax China Holding Inc announced a major deal to build 150 more theaters with Wanda Cinema Line Co Ltd in the next six years.

"The regulation is a setback for the country's online pharmacy industry."

Lu Zhenwang, an independent internet expert and chief executive of Wanqing Consultancy in Shanghai. Chinese e-commerce giant Alibaba Group Holding Ltd has ceased online sales of medicines on its Tmall platform as the government tightens its control over the nascent e-pharmacy industry.

(China Daily Africa Weekly 08/05/2016 page24)