Tencent Holdings Limited is China's largest Internet Company, and the third largest Internet Company in the world behind Google and Amazon. Its services include social networks, web portals, e-commerce, and multiplayer online games. Its well-known offerings include instant messenger Tencent QQ and mobile chat service WeChat, which has helped Tencent successfully expand the market of smartphone services. 

Like Us on Facebook

In May 2011, Tencent made its first investment in the film business, paying $69 million for a 4.6 percent stake in Huayi Brothers Media to become the largest institutional shareholder in the film company. Huayi Brothers Media is a film production company and record label founded in China in 1994.

However, after becoming a shareholder of Huayi Brothers, Tencent began to be behind in payment. By 2012, the accounts due of Tencent owing Huayi Brothers have reached 80 million yuan ($13 million USD).

In fact, Tencent isn't short of money. According to Tencent's latest second quarter and interim results, in the first half of 2013, total revenues of Tencent were 27,932.1 million yuan (USD 4.5 billion), with an increase of 38.4% over the first half of year ended June 30^th, 2012. Tencent's net profit in the first half of 2013 was USD 1.2 billion, with an increase of 27.7% year over year. Revenues from value-added services were USD3.4 billion, with an increase of 25.9% year over year. And revenues from online advertising were USD347.5 million, with an increase of 51.2% year over year.

Deputy General Manager of Huayi Brothers says when being interviewed that there are business cooperations between Huayi Brothers and Tencent Holdings, thus there exists account receivable between the two companies. The major business items are movies and TV serials. The manager adds Huayi doesn't hurry to collect these overdue accounts.