Legendary founder quits post

Thomas Tull, founder and CEO of Legendary Entertainment, will be leaving the Hollywood studio, reportedly due to pressure from Dalian Wanda Group.

China Resources to pump $14.5b into Guiyang cluster

China Resources (Holdings) Co Ltd is to invest 100 billion yuan ($14.5 billion) to construct a service industry cluster by 2022 in Guiyang, capital of China's southwestern Guizhou province, taking advantage of the city's key geographic location and existing strengths in its big data industry.

Shanghai Jahwa faces huge loss in fourth quarter

What former chairman Ge Wenyao predicted two months ago has been proven entirely correct, after Jahwa released a dismal 2016 earnings forecast on Wednesday.

COSCO 'bidding' for Orient Overseas

Chinese media outlet Caixin reported China COSCO Shipping Corp and other liners will bid for Orient Overseas International Ltd, owner of Hong Kong's biggest container-shipping line.

Suppliers in fast lane as China embraces winter sports

Anta Sports Products Ltd, China's biggest athletics apparel company, said it plans to launch its first snow sports product under its own brand this year - as the domestic skiing market and other winter activities are expected to be on track for a major boost.

Sanpower launching fund to buy cinemas

Chinese conglomerate Sanpower Group is launching a fund with a 3 billion yuan ($435 million) target that will be used to acquire up to 150 domestic cinemas in a bet on rapid growth in the country's movie market, two sources with direct knowledge of the matter said.

Didi helps migrant workers go home

Didi Chuxing, China's largest ride-hailing firm, is partnering with a nonprofit organization to help migrant workers go home during the Spring Festival travel rush - the largest annual human migration in the world.

Blockchain to make relief donations tamper-proof

Alipay, China's third-party online payment platform operated by Ant Financial, has added blockchain technology to its donation section in a bid to ensure more transparency in charity donations.

Poor kids get online learning access

Children from underdeveloped areas of China are to be given online access to mainstream educational resources.

IN BRIEF (Page 18)

ICBC to continue its debt-for-equity swaps

Industrial and Commercial Bank of China Ltd, China's largest State-owned commercial bank, will continue to push the debt-for-equity swap program this year, a senior executive of the bank said, dismissing market rumors of suspension of the program by the country's major lenders.

New Century Healthcare debuts on HK exchange

New Century Healthcare - a Beijing-based pediatric, obstetric and gynecological healthcare provider - made its debut on the Hong Kong Stock Exchange on Wednesday, raising $114 million.