China Continued to Reject Marvel Movies in 2022 |

China continues to reject Marvel movies in 2022

China’s box office is set to drop 36% to $4.35 billion in 2022, according to Deadline, which cited figures released by China’s Film Administration to state media. According to comScore, the 2022 North American box office is projected to reach an estimated $7.5 billion, up 64% from last year. No pandemic-era Marvel Cinematic Universe films have been allowed to be released in China. The last MCU film to open there in 2019 was “Spider-Man: Far From Home,” which grossed $199 million. read more Yahoo! news

China’s tech giants prepare for a new era of slow growth

In China, 2022 was the year of Big Tech transformation. Bowing to a government crackdown and a pandemic that refuses to go away, the country’s leading internet conglomerates, Alibaba Group Holding Ltd. and Tencent Holdings Ltd., experienced a decline in their first-quarter revenue and lost hundreds of thousands of jobs. To downsize. read more Bloomberg