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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Visual China Group Co Ltd    000681   CNE000000BW8

VISUAL CHINA GROUP CO LTD

(000681)
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Visual China expands photo archive, to invest $100 million in Getty Images

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02/18/2016 | 10:28pm EST

HONG KONG (Reuters) - Chinese image licensing company Visual China Group (>> Visual China Group Co Ltd) said it plans to invest up to $100 million in Getty Images as the Shenzhen-listed firm expands its footprint in the global picture library.

HONG KONG (Reuters) - Chinese image licensing company Visual China Group (>> Visual China Group Co Ltd) said it plans to invest up to $100 million in Getty Images as the Shenzhen-listed firm expands its footprint in the global picture library.

The deal comes a month after Corbis Entertainment, the image licensing company owned by Microsoft Corp's (>> Microsoft Corporation) co-founder Bill Gates, sold its picture library business to Visual China for an undisclosed sum.

That gave Visual China exclusive distribution rights to the Corbis content it bought for all regions, except China, including politically sensitive images such as the photo of a lone protester standing in front of tanks ahead of Beijing's crackdown on democracy activists in Tiananmen Square in 1989.

Visual China's purchase of pictures considered sensitive by authorities in Beijing had raised question among industry experts as to whether these images may become harder to access.

With a market value of 16.4 billion yuan ($2.5 billion), Visual China has partnered with Getty Images for more than a decade to market and distribute Getty's content exclusively in China.

Shares of Visual China jumped by their daily 10 percent limit to 25.85 yuan in early trade after it announced its investment plan.

Getty Images, which is backed by U.S. private equity group Carlyle, has been struggling to compete against start-ups in the lower end of the market.

(Reporting By Anne Marie Roantree and Umesh Desai; Editing by Miral Fahmy)

Stocks treated in this article : Microsoft Corporation, Visual China Group Co Ltd
Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 1.29% 149.97 Delayed Quote.47.65%
UNITED PARCEL SERVICE 0.50% 123.73 Delayed Quote.26.86%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.02% 7.0074 Delayed Quote.2.09%
VISUAL CHINA GROUP CO LTD End-of-day quote.
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Financials (CNY)
Sales 2019 913 M
EBIT 2019 390 M
Net income 2019 325 M
Finance 2019 368 M
Yield 2019 0,21%
P/E ratio 2019 44,2x
P/E ratio 2020 34,7x
EV / Sales2019 15,3x
EV / Sales2020 11,7x
Capitalization 14 320 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 21,88  CNY
Last Close Price 20,44  CNY
Spread / Highest target 18,4%
Spread / Average Target 7,02%
Spread / Lowest Target -6,56%
EPS Revisions
Managers
NameTitle
Jun Liang President & Director
Jie Liao Chairman
Ji Jun Chai Board Secretary, Director, VP & Chief Editor
Yun Dong Zhou Director
Di Sheng Zhang Independent Director
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