Core Viewpoint - Huang Xiaoming is expanding his investment in short dramas through his company, Bingcan Culture, which recently signed a short drama actor, Zhang Yiyang, along with four other actors. The ownership structure reveals that Huang Xiaoming, through his family, holds a significant stake in the company [1][4]. Group 1: Company Structure and Ownership - Bingcan Culture is primarily controlled by Huang Xiaoming through a series of ownership layers, with his mother and father being key shareholders [1]. - The largest shareholder of Bingcan Culture is Shanghai Xingcan Culture Media Co., which is fully owned by Beijing Haoci Yixing Culture Media Co., which in turn is fully owned by Qingdao Taiyanghua Technology Co. [1]. - Huang Xiaoming holds a 54% direct stake in Bingcan Culture, making him the largest shareholder [1][4]. Group 2: Industry Context and Trends - The short drama industry is witnessing a trend where many companies are establishing actor management businesses to cultivate talent and participate in revenue sharing [4]. - Huang Xiaoming's involvement in short dramas is not new, as he previously produced a short drama titled "Wushuang" and has been active in the industry for some time [4]. - The short drama market is competitive, with many established actors and directors struggling to achieve success, indicating the challenges in this sector [4].