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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

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

© Reuters 2016
Stocks mentioned in the article
ChangeLast1st jan.
ACCESS CO., LTD. 1.88% 811 End-of-day quote.-15.08%
MICROSOFT CORPORATION 0.64% 215.23 Delayed Quote.35.62%
SQUARE, INC. -0.19% 212.52 Delayed Quote.239.71%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.00% 6.5738 Delayed Quote.-5.55%
VISUAL CHINA GROUP CO.,LTD. 0.87% 16.22 End-of-day quote.-5.92%
All news about VISUAL CHINA GROUP CO.,LTD.
2019Visual China Group, Imaginechina suspend websites after Chinese regulator fin..
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2019Visual China fined over false photo copyright claims
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2019Furore over 'black hole' photo forces China's largest image provider to shut
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2016Visual China expands photo archive, to invest $100 million in Getty Images
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2016Visual China buys Corbis Entertainment
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2016VISUAL CHINA : Affiliate of Visual China Group Acquires Assets of Corbis Images
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More news
Financials
Sales 2020 728 M 111 M 111 M
Net income 2020 231 M 35,2 M 35,2 M
Net Debt 2020 - - -
P/E ratio 2020 49,4x
Yield 2020 0,21%
Capitalization 11 426 M 1 737 M 1 738 M
Capi. / Sales 2020 15,7x
Capi. / Sales 2021 12,1x
Nbr of Employees 521
Free-Float 46,4%
Chart VISUAL CHINA GROUP CO.,LTD.
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Visual China Group Co.,Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends VISUAL CHINA GROUP CO.,LTD.
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 20,13 CNY
Last Close Price 16,31 CNY
Spread / Highest target 24,2%
Spread / Average Target 23,4%
Spread / Lowest Target 22,6%
EPS Revisions
Managers
NameTitle
Jun Liang President & Director
Jie Liao Chairman
Ji Jun Chai Director & Vice President
Hua Su Member-Supervisory Board
Si Yuan Wu Vice Chairman
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