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CCTV to air its version of “The Apprentice” in May
MUMBAI: China is offering another version of the reality show The Apprentice – minus Donald Trump. The show Win in China is being produced by China Central Television (CCTV). It is a show where would-be entrepreneurs compete to win positions as CEOs of new businesses.
The executive producer of the new version, Wang Lifen, said the show shares some similarities with the popular US series, but there are essential differences as well. Win in China will debut in May, and viewers will take on the New York businessman’s role of deciding who gets fired by voting electronically for their favourite, according to producers.
Lifen said, “I think The Apprentice show is driven by money, which is hard to accept in Chinese culture. What we’re looking for is the talent of self-management and entrepreneurship.The program matches very well with the country’s current situation.”
The American show has contestants vying for a job as apprentice to millionaire businessman Trump. Contestants are given tasks that test their skills in sales, marketing, advertising and finance. They compete against each other, often to see who can make the most money. At the end of each show, Trump whittles down the applicant pool by declaring “You’re fired!”
Win in China will be a much more dramatic and interactive program since the audience will participate. Chinese participants will also endure rigorous business tasks that test their tenacity to withstand hardship. Viewers will vote for the winner, and some will even become shareholders in the new company, according to CCTV.
In the Chinese version, the top winner is given the reins of a new business with a registered capital of no less than 10 million yuan (US$1.2 million), while the other four winners will get to run smaller firms. The startups are being funded by Asian and international venture capital firms.
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
