China VTV Ltd.
CVTV
Other OTC5.25
USD
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China VTV Ltd.
CVTV
(Other OTC)
Recent
price
5.25
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- China VTV Ltd. China VTV Ltd. (CVTV), together with its subsidiaries, develops and operates an over-the-top (OTT) streaming media platform that distributes streaming media, broadcasting, streaming news, and commercial programming directly to viewers over the internet, bypassing traditional cable or satellite systems; the company provides exclusive content to mobile users, including audience interaction and entertainment features, as well as marketing and media services to China's entertainment industry such as production of media promotion and advertising for movies, television shows, actors, and commercial products; it also engages in the purchase, sale, and licensing of literature copyrights, original stories, and finished products for adaptation into TV shows, movies, and mobile video games distributed in and outside the People's Republic of China (PRC). China VTV Ltd. focuses on the internet content and information sector within the communication services industry, targeting consumers and entertainment clients primarily in China with worldwide audience reach through its platforms. The company, founded in 2015 and headquartered in Hong Kong, operates through subsidiaries including China VTV Ltd. (Hong Kong) and VTV Global Culture Media (Beijing) Co., Ltd., with prior business in online retail of bamboo t-shirts under its former name T-Bamm. Recent major changes include a 2019 reverse merger acquisition through which Hong Kong-based China VTV became a wholly owned subsidiary, adding literary adaptation as a new business line via a business acquisition agreement with Butterfly Effect Culture Media (Beijing) Co., Ltd.; a strategic development and licensing agreement with CybEye incorporating blockchain technology into the OTT platform for a 20-year term starting September 2019; and the cancellation of an acquisition of a stake in Constellation Moshan Film and Television Media Company Limited.