On August 28th, 2020, the grand opening of the wholly-owned subsidiary named Jiangsu Linglong Cultural Development Co., Ltd. of FriendTimes Inc. took place in the National Digital Film Industry Park of Wuxi. Ni Shouhong, Director of the Publicity Department of the Standing Committee of Wuxi Binhu District Committee, Mao Chunrong, Director of Cultural Development and Reform Division of Publicity Department of Wuxi Municipal Party Committee, Lin Weimin, Director of Culture and Sports Bureau of Wuxi Binhu District, and other leaders attended the opening ceremony together with Shi Juan, Director of Wuxi National Digital Film Industry Park and the executives of FriendTimes.

At the opening ceremony, Director Shi delivered a speech to express her best wishes for the establishment of Linglong. FriendTimes CEO elaborated on Linglong's business model and future development prospects. Then the leaders, Director Shi, and other senior executives jointly attended the ribbon-cutting ceremony of the new company and made instructions and guidance on it.

FriendTimes is located in a place with a history of thousands of years. We are deeply influenced by Wu culture. And with the abundant cultural and natural resources, we are committed to carrying forward and further developing traditional Chinese culture at home and abroad. At the same time, it is our mission to create value with culture by continuously making high-quality products with exquisite beauty. And that’s where the company name “Linglong” comes from.

Linglong is located in a national digital film industrial park in Wuxi. It is mainly engaged in pan-entertainment services such as film and television production and distribution, MCN short video production and operation, artist management, Internet influencer incubation and marketing, and commercial advertising production. The company has a team of young, professional, and talented employees. They are people with dedication and innovative spirit who understand the modern trend and have a keen sense of the market. As an important part of FriendTimes, Linglong has a professional competence and good execution ability in IP derivative creation and authorization, as well as traditional cultural communication.

The establishment of Linglong marks a crucial step for FriendTimes in creating advanced IP and developing the entire industrial chain of consumer products. Relying on the original IP creation and development of FriendTimes, Linglong has a solid foundation in IP reserves and IP applications. All of the talents in the playwriting team provide the company with a stable content output. The comic team and the MCN team provide variable carriers for the original content of high-quality, which is helpful for the exploration of a wider user group and market expansion.

With the development and exploration of the business sectors, the ability of cultural innovation of FriendTimes has also been improved continuously. The establishment of Linglong has further diversified the forms of the cultural industry of FriendTimes, presenting high-quality and creative culture to users in different ways. In the future, we will strive for more original and diverse cultural products. We’ll keep working in multiple fields in games, animation, literature, film, and IP derivatives to create a cultural and creative industrial chain system, as well as exploring new patterns of enterprise development.