China Digest: IMAX $50m film fund; Shanda-Lumus deal; YY offer withdrawn

China Digest: IMAX $50m film fund; Shanda-Lumus deal; YY offer withdrawn

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

IMAX Corporation and IMAX China have announced the completion of their $50-million IMAX China Film Fund while China’s Shanda Group invests $15 million in Israeli developer Lumus Ltd. Also, Chinese video-based social network firm YY Inc gets its buyout offer withdrawn.

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