HK Modern Media to launch Bloomberg Businessweek smartphone and tablet offerings in China

29 August 2012 9 h 02 min Comments Off

Modern Media Holdings, which partners with Bloomberg L.P. to publish a Chinese-language edition of Bloomberg Businessweek in China, said yesterday it has reached an agreement with the U.S. media giant to develop mobile and tablet products in addition to its print version.

The agreement is for nine years and will take effect on Sept. 1, Modern Media said in a voluntary statement at the Hong Kong Stock Exchange.  It follows March 2011 general cooperation agreement between Bloomberg and Modern Media Holdings.

The Chinese publisher has been granted, among others, the exclusive right to develop certain mobile, tablet, and related application software products in connection with the publication of the simplified Chinese edition of Bloomberg Businessweek within the PRC. As a result, in addition to the traditional printed version, Bloomberg Businessweek will also be available in smartphone and tablet applications, which provides an alternative platform and user experience for readers to choose.

Bloomberg’s own website in China has been blocked since the company recently published in June 2012 an estimate of the family wealth of Xi Jinping, the man tipped to replace Hu Jintao as the Communist Party’s leader in the coming months.

Bloomberg Businessweek ‘s Hong Kong-listed rival, SEEC Media Group, said earlier this month that a 25% increase in advertising revenue at China’s top-selling business magazine, Caijing, helped to fuel a big gain in first-half profit amid cooling economic growth in the country.

Modern Media Holdings (HK based company) is a leading integrated media enterprise, owning a multi-media platform composed with established magazine portfolio, digital media, and TV media. The Group produces high quality contents for elite audience in China, and provides one-stop marketing solution for brand marketers. The Group principally engaged in the publication and operation of print, digital, and TV media in PRC and Hong Kong. Its strong magazine portfolio includes two leading weekly magazines in China – “週末畫報” (Modern Weekly) and “優家畫報” (Modern Lady Weekly, formerly known as U+ Weekly), one leading bi-weekly magazine – “商業週刊/中文版” (Bloomberg Businessweek/China) and 7 strategically defined monthly magazines for
different elite segments, namely “新視線” (The Outlook Magazine), “健康時尚” (LOHAS), “生活” (Life Magazine), “大都市” (Numero),“藝術界” (Leap), “天南” (Chutzpah!) and “號外” (City Magazine) in Hong Kong. Meanwhile, riding on the strong positioning of “週末畫報” (Modern Weekly), the Group publishes Modern Weekly “iWeekly” application on iPhone & iPad and also produces series of lifestyle TV programs.

Sources: Modern Media Holdings (28/08/2012)

Related posts:

Comments are closed

Other News

  • China (mainland) film Brilliant future expected for Chinese cinema: interview

    Brilliant future expected for Chinese cinema: interview

    Jiang Wen (R), a well-known Chinese director, walks down the red carpet with his wife Zhou Yun at the opening ceremony of the 70th Venice Film Festival in Venice, Italy, Aug 29, 2013. [Photo / Xinhua] (Xinhua, 04 Sep, 2013)Chinese films have achieved over the past few years very positive results in terms of both quantity and quality, and will drive their technology-led development, 70th Venice Film Festival president Alberto Barbera told Xinhua in a recent exclusive interview. This venerable [...]

    Read more →
  • Breaking news China (mainland) film Cloudary extends script to movie industry

    Cloudary extends script to movie industry

    (, 26 Aug, 2013) Cloudary Corp – an online literature platform owned by interactive media giant Shanda Group – said on Friday that it reached a film script agreement with the Chinese movie firm Seven Stars Films. Seven Stars Films, a movie production and investment firm owned by Chinese media entrepreneu r Bruno Wu, will link Cloudary’s literature with the world’s movie industry. Wu, who is married to popular TV host Yang Lan, founded Seven Star Films in 2012. The [...]

    Read more →
  • Breaking news China (mainland) film China’s movie market booms with local content

    China’s movie market booms with local content

    ( Agencies, 23 Aug, 2013) In “American Dreams in China”, Cheng Dongqing is giving a lecture in an abandoned factory in Beijing . Snow falls through the damaged roof and a power cut sends students reaching for their flashlights. The movie , about how young Chinese in the 1990s tried every means to learn English so they could study overseas, is part of a boom in domestic productions that is outpacing foreign film s at the box office in China. [...]

    Read more →
  • Breaking news China (mainland) film Fast forward with film

    Fast forward with film

    (China Daily, 23 Aug, 2013) In the past year, Chinese films have galloped ahead like a dark horse, beating Hollywood imports. It is hardly surprising that most of these domestic hits are comedies. Comedy is mostly local. When Hollywood sent scouts to recover the secret formula, many of them reported that these Chinese movies were not particularly funny. Of course not. When you translate every line into English, you have lost much of the fun, leaving only a few sight [...]

    Read more →
  • Breaking news China (mainland) Digital Mobile game firms looking abroad

    Mobile game firms looking abroad

    (China Daily, 21 Aug, 2013) Intensifying domestic competition is driving Chinese mobile game developers into overseas markets, said Google Inc, owner of the world’s most used smartphone operating system. Japan and South Korea may become “sizeable” money-spinners for developers in China in the coming years, it added. “Tapping into South Korea and Japan makes sense for Chinese developers, because both countries have a large smartphone user base and high sales volume in the mobile gaming sector,” said Ben Zhang, China [...]

    Read more →
  • Breaking news China (mainland) tv PPTV denies buyout rumors

    PPTV denies buyout rumors

    (, 14 Aug, 2013) Online video provider PPTV has denied rumors it will be jointly acquired by e-commerce giant Alibaba Group Holding Ltd and Hunan Satellite TV. “We have noticed related media reports. PPTV is operating independently, well, and we have nothing to announce at present,” PPTV told China Daily on Wednesday. A report from IT industry portal said on Wednesday that the prospective deal is almost closed, with the transaction reaching $400 million. It cited venture capital sources [...]

    Read more →
  • Breaking news China (mainland) film Film industry needs long tail to grow

    Film industry needs long tail to grow

    (China Daily, 15 Aug, 2013) The domestic film market registered record half-yearly box office returns of 10.9 billion yuan ($1.77 billion) in the first six months of this year, up 35 percent year-on-year, and there have been excited voices saying that the Chinese film industry is about to boom in the international market. However, box office success is just part of the industry’s chain, and without the further development of licensed movie merchandising, the Chinese film industry is still in [...]

    Read more →
  • Breaking news China (mainland) Digital New WeChat game becoming painfully popular

    New WeChat game becoming painfully popular

    (, 15 Aug, 2013) A new mobile phone game on WeChat, a social network app in China, is proving so popular that it’s causing hand injuries for many Chinese users. The game, which was recently introduced to WeChat’s 400 million subscribers, allows users to compete online with their friends in aircraft battles. Within two hours after the release of the game on Aug 5, there were more than 180 million downloads. But Zou Cheng, an orthopedic doctor at Hangzhou First [...]

    Read more →