Latest news with #TotheWonder
Yahoo
28-05-2025
- Entertainment
- Yahoo
Yang Zi is nominated at Magnolia Awards again
28 May - Yang Zi has been nominated yet again at the Magnolia Awards, becoming the youngest nominee in the Best Actress category. The actress, who is nominated for her costume drama, "Flourished Peony", will be competing with the likes of Crystal Liu ("The Tale of Rose"), Ma Yili ("To the Wonder"), Song Jia ("She and Her Girls") and Yan Ni ("Romance in the Alley"). Despite the nomination, many expressed scepticism about Yang Zi having a chance to win, seeing that the drama she is nominated for is the one with the lowest rating score among other contenders, having received only 7.8 stars out of 10 compared to, for example, "She and Her Girls" rating of 9.6 or "To the Wonder" rating of 8.9. However, despite the lower possibility due to rating score, it is noted that Yang Zi still held her own record for being the first post-90s actress to be nominated in the Magnolia Awards for two consecutive years. Last year, the actress was nominated for her performance in "Lost You Forever". (Photo Source: On CC, SINA)
Reuters
14-04-2025
- Business
- Reuters
Tencent-backed China Ruyi to raise $302 million in convertible bonds
April 15 (Reuters) - Hong Kong-based China Ruyi Holdings ( opens new tab said on Tuesday it would raise around HK$2.34 billion ($301.74 million) in convertible bonds. Earlier in April, Reuters reported that China Ruyi was looking to raise funds in the range of $300 million to $500 million. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. The streaming media firm said the funds raised from the capital initiative would be used for the group's business expansion efforts, among other operational requirements. Ruyi's fundraising comes as Chinese firms accelerate offshore equity fundraising efforts, tapping into a rebound in investor sentiment fueled by hopes of Beijing's increasing support for private firms. Ruyi, which counts Tencent ( opens new tab as its second largest shareholder with a 16.4% stake and a major customer, engages in online streaming services, film and television production and distribution business, as well as online gaming services. It has produced several popular Chinese series, including "To the Wonder" and "War of Faith". ($1 = 7.7550 Hong Kong dollars)
Reuters
03-04-2025
- Business
- Reuters
Tencent-backed China Ruyi aims to raise up to $500 million in convertible bonds, sources say
HONG KONG, April 3 (Reuters) - Streaming media firm China Ruyi Holdings ( opens new tab, backed by gaming and internet company Tencent ( opens new tab, is aiming to raise between $300 million and $500 million in convertible bonds next week, two sources with knowledge of the plan said. The offering of Hong Kong-listed Ruyi could be launched as early as Monday, said one of the sources. The bulk of the proceeds to be raised could be used for a potential acquisition, the sources said. Discussions around the acquisition, however, are at early stages and may not be fruitful, said the sources, who declined to be named as the information was confidential. Ruyi has tapped Bank of America, CLSA, Deutsche Bank, Goldman Sachs and Macquarie to work on the convertible bond offering, said one of the sources. Ruyi did not immediately respond to a request for comment. Ruyi's fundraising comes as Chinese firms are accelerating offshore equity fundraising efforts, tapping into a rebound in investor sentiment fueled by hopes of Beijing's support for private firms. The fundraising momentum, however, could get clouded by U.S. President Donald Trump's new tariffs announced on Wednesday, a move that has sent shockwaves through markets amid worries the aggressive duties will slow growth and hit corporate earnings. China equity capital markets' fundraising totalled $24 billion in the first quarter, up over 200% from the same period last year, LSEG data showed. Convertible bonds offering by Chinese companies increased more than five times year-on-year in the same period to reach a total value of $4.9 billion, the data showed. Ruyi, which counts Tencent as its second largest shareholder with a 16.4% stake and a major customer, engages in online streaming services, film and television production and distribution business as well as online gaming services. It has produced several hit Chinese series such as "To the Wonder" and "War of Faith". The company on Monday reported a total revenue of 3.7 billion yuan for 2024, up 1.4% year-on-year. Its adjusted net profit more than doubled to 1.25 billion yuan.
Yahoo
03-04-2025
- Business
- Yahoo
Tencent-backed China Ruyi aims to raise up to $500 million in convertible bonds, sources say
By Kane Wu and Julie Zhu HONG KONG (Reuters) - Streaming media firm China Ruyi Holdings, backed by gaming and internet company Tencent, is aiming to raise between $300 million and $500 million in convertible bonds next week, two sources with knowledge of the plan said. The offering of Hong Kong-listed Ruyi could be launched as early as Monday, said one of the sources. The bulk of the proceeds to be raised could be used for a potential acquisition, the sources said. Discussions around the acquisition, however, are at early stages and may not be fruitful, said the sources, who declined to be named as the information was confidential. Ruyi has tapped Bank of America, CLSA, Deutsche Bank, Goldman Sachs and Macquarie to work on the convertible bond offering, said one of the sources. Ruyi did not immediately respond to a request for comment. CLSA, Goldman, Deutsche Bank and Macquarie declined to comment. Bank of America did not immediately respond to a request for comment. Ruyi's fundraising comes as Chinese firms are accelerating offshore equity fundraising efforts, tapping into a rebound in investor sentiment fueled by hopes of Beijing's support for private firms. The fundraising momentum, however, could get clouded by U.S. President Donald Trump's new tariffs announced on Wednesday, a move that has sent shockwaves through markets amid worries the aggressive duties will slow growth and hit corporate earnings. China equity capital markets' fundraising totalled $24 billion in the first quarter, up over 200% from the same period last year, LSEG data showed. Convertible bonds offering by Chinese companies increased more than five times year-on-year in the same period to reach a total value of $4.9 billion, the data showed. Ruyi, which counts Tencent as its second largest shareholder with a 16.4% stake and a major customer, engages in online streaming services, film and television production and distribution business as well as online gaming services. It has produced several hit Chinese series such as "To the Wonder" and "War of Faith". The company on Monday reported a total revenue of 3.7 billion yuan for 2024, up 1.4% year-on-year. Its adjusted net profit more than doubled to 1.25 billion yuan. Sign in to access your portfolio
