VENICE, Italy — France’s Pathe Intl. has taken world sales outside Italy on “Capri — …
Read More »China Live Streamer Panda TV to Close Down
Panda TV, the Chinese live-streaming platform backed by young tycoon Wang Sicong, the son of Dalian Wanda chairman Wang Jianlin, is to close down. It ran out of cash and will lay off its entire workforce. There have been rumors for weeks of dire financial problems at the company and layoffs of about 500 staff. Company CEO Zhang Juyuan confirmed …
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