According to a 2016-04-28 report (战略投资) in The Paper (澎湃讯), Thinkingdom Media Group Ltd (新经典文化) has made a “strategic investment” in France’s Editions Philippe Picquier. The report does not specify the $ amount or portion of the French publisher that is now in Chinese hands. Picquier is already a major French-language publisher of Chinese fiction writing including titles by Yu Hua, Wang Anyi, Alai, Su Tong, Han Shaogong, Bi feiyu, Chi Zijian, Ge Fei, Liang Hong and Li Er.
Some 15,000 copies of Wang Anyi’s 《长恨歌》(Le Chant des regrets éternels) have sold in French, according to the news item. Picquier's first venture into the world of translated Chinese popular fiction publishing was apparently Wei Hui's naughty Shanghai Baby, back in the early 2000s.
It will be interesting to see if and how Thinkingdom uses Picquier as a platform for the campaign to bring more contemporary Chinese literature in translation to the Francophone world.