The number was included in Tencent’s 2016 financial report, which was published Wednesday after the close of the Hong Kong stock exchange.
Television and entertainment industry players from around the world will gather in east China next May when Hangzhou hosts a TV trade forum, MIP China Summit Hangzhou.
China's Dalian Wanda Group, led by the country's richest man, Wang Jianlin, reported a 13.9 percent drop in revenue for 2016, due to a slump in the conglomerate's core commercial property business.
Chinese auteur Zhang Yimou’s eagerly-anticipated The Great Wall easily conquered the Chinese box office in the week of Dec 12-18.
I Am Not Madame Bovary, which debuted in Toronto and won prizes in San Sebastian, went on commercial release today.
Chinese e-commerce giant Alibaba is to reorganize it digital and entertainment businesses and launch a $1.54 billion (RMB10 billion) entertainment fund.