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In This List

SEC halts ZOOM trading; Tencent partners with Huawei; Huawei unveils P40 series

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SEC halts ZOOM trading; Tencent partners with Huawei; Huawei unveils P40 series


* The U.S. Securities and Exchange Commission on March 26 temporarily suspended trading in the securities of ZOOM Technologies Inc. after some investors confused the China-based wireless equipment distributor with Zoom Video Communications Inc., the U.S. video conference software provider. ZOOM Technologies, which trades under the ticker ZOOM, will resume trading April 9.

* Huawei Technologies Co. Ltd. and Tencent Holdings Ltd.'s Tencent Games set up a joint innovation lab as part of a partnership on mobile cloud gaming and game engines. Under the team-up, Tencent Games will tap Huawei's Kunpeng processors to build mobile cloud gaming services for its GameMatrix cloud game platform.

* In other Huawei news, the Chinese company unveiled the P40, P40 Pro and P40 Pro+ smartphones, which offer 5G band support through Kirin 990 5G chipset and are available in triple-camera, quad-camera and penta-camera configurations. Along with the smartphone launch, the company also revealed its new voice assistant, called Celia, its smartwatch Huawei Watch GT 2e and the Huawei-Devialet joint wireless speaker called Huawei Sound X.

* Huawei also inked a content deal with U.K.'s BBC Studios Ltd., coinciding with the P40 smartphone launch, to run British TV content on Huawei's consumer mobile devices in 26 countries, Variety reports. Under the deal, Huawei's smartphone, tablet and other connected device users will be able to stream about 300 hours of drama, comedy and factual shows.


* Hitachi Ltd. unit Hitachi Vantara completed the acquisition of Mountain View, Calif.-based data analytics company Waterline Data Inc. for an undisclosed amount. Hitachi Vantara integrated Waterline's data cataloging technology into its Lumada portfolio.

* SoftBank Group Corp.-backed internet satellite operator OneWeb LLC and certain of its controlled affiliates filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York. The U.S.-based company plans to use the proceedings to carry out a sale process of its business in an effort to maximize the company's value.

* Dentsu Group Inc. and its subsidiary Dentsu Digital Inc. jointly launched a service called "Digi-Tele MAX," Impress reports. The project is aimed at maximizing the effects of digital and television advertising.

* NTT Docomo Inc.'s board approved the cancellation of treasury stock. Under the move, the company will cancel 106,601,688 shares of its common stock on April 2. The number of issued shares after the cancellation will be 3,228,629,406.


* LG Electronics Inc. is bringing the curtain down on the production of its flagship G series smartphone, The Korea Times reports. The electronics manufacturer will instead introduce a new mass premium product in the first half of the year.

* KT Corp. signed a business agreement with Shinsung E&G Co. Ltd., ZDNet Korea reports. Under the agreement, the two companies will co-develop renewable energy use standards and certification programs.

* Samsung Electronics Co. Ltd. is shutting down another manufacturing plant in Brazil amid the coronavirus outbreak, Yonhap News Agency reports. The South Korean company will temporarily suspend operations of the plant in Campinas, Sao Paulo, until April 12.


* Didi Chuxing Technology Co. Ltd. is set to restart its evening Hitch service in some cities, Reuters reports. The ride-hailing company said it will equip the service with advanced safety features as well as more stringent passenger verification procedures.

* China Mobile Ltd. is set to accelerate the pace of 5G network construction and is planning to offer 5G services in over 300 cities across China in 2020, Xinhua reports. The company aims to attract 70 million 5G network users and sell 100 million 5G phones this year.

* All theaters in China have been ordered to shut down again amid uncertainties related to the spread of the coronavirus just a week after they were allowed to reopen in certain areas of the country, according to The Paper.


* The Telecom Regulatory Authority of India granted a six-week extension to telecom operators to file their monthly and quarterly reports amid the country-wide lockdown due to the coronavirus pandemic, The Economic Times (India) reports.

* Oppo contributed 10 million Indian rupees to help frontline workers fighting the virus outbreak in India, Hindustan Times reports. The Chinese smartphone maker also introduced an online repair service to help users across the country in basic troubleshooting and software-related issues and extended the warranties on all of its products to May 31, 2021.

* China Mobile Pakistan Ltd., doing business as Zong in Pakistan, is providing a daily free calls offer for its customers spending time in quarantine, PhoneWorld Magazine reports. Under the offer, customers can use 20 Zong to Zong minutes per day, without any charge.


* Singapore-based streaming service Hooq Digital Pte. Ltd. commenced a creditors' voluntary liquidation. The company, in which Singtel owns an indirect 76.5% stake, filed for liquidation after failing to generate sustainable returns or cover increasing costs, Reuters reported.

* Malaysian telcos, including Telekom Malaysia, Maxis Bhd., Celcom Axiata Bhd., DiGi Telecommunications Sdn. Bhd., participated in the government COVID-19 stimulus package initiative by offering 1 billion Malaysian ringgit, New Straits Times reports. The telcos will also offer free internet data usage for their customers to support the initiative.

* In a bid to help the country cope with COVID-19, Thai mobile service provider True Move H Universal Communication Co. Ltd. launched a free SIM card offer. The mobile package promised 60 GB of free data and free use of the True Virtual World platform with every new SIM for remote working and learning.

* Thai internet provider 3BB by Jasmine International Public Co. Ltd. is launching HBO GO as part of its 3BB GIGATainment package, Krungthep Turakij reports. The package will be available beginning March 30.


* Seven West Media Ltd. is expected to temporarily halt its studios and ventures portfolio sale plans in the wake of growing lockdowns across the country amid the coronavirus outbreak in Australia, The Australian Financial Review reports. The company may, however, move ahead with property sales at the right price, according to the report.


MarketWeek: Tech, media, telecom stocks surge amid broader market recovery: Several major tech, media and telecom stocks broke out of their slump for the week ended March 27 as analysts became more confident in the companies' futures despite coronavirus uncertainties.


Economics of TV & Film: KBOX Week 12: COVID-19 decimates week 12 box office as theaters close: Theaters across the nation closed their doors in week 12, and weekly box office plummeted 99.8% from $196.4 million in 2019 to just $300,000 in 2020.

John Chan, Hyegyu Park, Frances Wang, Kevin Osmond and Wil Hathaway contributed to this report.

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