CAESARS Entertainment is looking to increase its presence in China.
The entertainment company has announced that it is in talks to acquire Chinese company Artix Entertainment for $1.5 billion.
Artix is a Chinese music company and one of the biggest producers of Chinese pop and rock.
It produces albums for the likes of Chinese singer Chen Bing and Chinese actor Wu Yi, as well as other popular artists like Hong Kong singer Zhiyu Shi and Taiwanese pop singer Wang Jie.
The company was founded in 2011 and has a strong presence in Asia.
Its music is popular in many Asian countries, including the Philippines, Vietnam, Singapore, Thailand, Malaysia, and Japan.
ArtX was founded by Li Hong, an American and Chinese national who studied at the University of California, Irvine, and then at the Chinese Academy of Sciences in Beijing.
Li was a founding member of the Chinese Communist Party and was arrested in 2001.
He was jailed for six years for spying, but was later pardoned by President Hu Jintao.
Li later served as the head of China’s National Radio Broadcasting, where he oversaw a huge overhaul of the country’s media landscape.
He also chaired the Chinese government’s Internet Authority, where Chinese censorship policies have long been the source of criticism from human rights groups.
In China, Artix has a market value of $3.6 billion.
ArtX was established in 2006 and has an annual revenue of $1 billion.
It’s a subsidiary of Alibaba Group Holding Ltd.
Artx’s most successful albums include “Dong Zhuo, Da Lu,” “Tong Tai Jie,” “Da Ba Dao,” “Shang Ya,” “Lucky Star,” and “The Sun and the Moon.”
Artix’s other most popular albums include, “Pong Dong Zhuo,” “Yuan Hua Hua,” “Gong Da Ya,” and the “Yue Ying” album.
Artax has recorded three hits, including “Gao Xian Ji,” “Diao Bing,” and”Dong Gui,” and is in the process of recording another hit, “Shen Yin,” with Chinese singer Yang Xian.
In October 2016, Artax recorded the hit “The Love Song of a Country Girl,” and in February 2018, it released the “Xiang Jia Dao” album, featuring three tracks.
ArtIX is part of China Telecom Group, which also owns the popular QQQ internet company and QQ QQ smartphone brand.
The company’s most recent acquisition was in March 2017, when the company bought out QQq for $3 billion.
The new acquisition will give Artix the largest global reach, which is important for China, as it accounts for nearly 10 percent of the world total internet market.
The move is expected to create a significant challenge for China’s media regulators, which are grappling with a burgeoning media industry, a shrinking market, and a rapidly changing culture.