trending Market Intelligence /marketintelligence/en/news-insights/trending/0jihz3wf7mplxbpzujhnjq2 content esgSubNav
In This List

Altaba to sell entire Yahoo Japan stake; Google to comply with Indian data norms


MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Investment Banking Essentials: February 21

Case Study

The informativeness of research reports – Case Study on Real Estate


Where is the Oil and Gas Industry Headed? A look at credit risks in 2024

Altaba to sell entire Yahoo Japan stake; Google to comply with Indian data norms


* Altaba Inc. announced that it will sell its entire stake in Yahoo Japan Corp. at a price of ¥354 a share, Bloomberg reports. The company owns 23.9% of stake in Yahoo Japan, trailing SoftBank Group Corp., which increased its stake in July 2018. Altaba will reportedly raise around US$4.34 billion through the process. JPMorgan Chase & Co. and Goldman Sachs Group Inc. are arranging the offering.

* Google LLC has agreed to follow the Reserve Bank of India's norms to store data locally for payment services but wants time until December to comply with the directive, Press Trust of India reports, citing a government source. The banking institution has directed all companies which run payment services to store data in India by mid-October amid concerns of data security. Google operates its payment service, Google Pay in India.

* Alibaba Group Holding Ltd. said Sept. 10 that CEO Daniel Zhang will succeed co-founder Jack Ma when he steps down as executive chairman of the Chinese e-commerce giant in one year. Ma will continue to serve as a lifetime partner and committee member in the Alibaba Partnership, and will continue in his current role until Sept. 10, 2019, to ensure a smooth transition, the company said.


* Electronics maker Hitachi Ltd. announced the launch of "O&M Support Digital Solution," a cloud service which will collect and analyze data, support visualization and improve efficiencies in business operations in the water supply and sewerage business. The service will use Hitachi's IoT platform Lumada and will begin functioning Oct. 1.

* Toyota Motor Corp. said it will resume production in stages on its vehicle assembly lines between Sept. 11 and Sept. 13 following an earthquake in Hokkaido.

* Tokyo-based Japan Display Inc. unveiled a prototype of a smart helmet with a head-up display function. The "XHD-01 Sparta" projects various images of speedometers and GPS information for motorbike riders, Japan Today reports.


* NAVER Corp. will spin off its in-house organization 'Group&', the unit in charge of managing its online community services and will focus on entering the U.S. market, Yonhap News Agency reports.

* KT Corp. will invest 23 trillion won in 5G, cloud and AI over the next five years to boost its competitiveness, ZDNet Korea reports. The telco also plans to hire 6,000 employees and provide 5G-related training.

* The Ministry of Science and ICT established a consultative body to discuss future policies related to 5G networks, Yonhap News Agency reports. The consultative group's agenda includes neutrality, zero-rating and regulations.

* LG Electronics Inc. started receiving pre-orders for its limited edition LG Q7 smartphone, ZDNet Korea reports. The smartphone includes exclusive voice recordings, unreleased photos and handwritten emojis created by popular boyband BTS.


* China's transport ministry said it will conduct checks on ride-sharing companies and will work with the police to remove vehicles and drivers who fail to meet safety standards through the end of year, Reuters reports.

* Tesla Inc. increased the registered capital of its China operations in Shanghai to 4.67 billion yuan from 100 million yuan, Netease reports.

* Alibaba's payment service's Hong Kong operation will work with CLP Holdings Ltd. to allow residents in the Kowloon area to pay electricity bills through the Alipay app, Startupbeat reports.

* Hon Hai Precision Industry Co. Ltd., or Foxconn, is expected to partner with California-based GE Digital LLC to work on the IoT sector, UDN reports.


* Eros International Plc's Eros Now platform has struck a content licensing deal with Chinese online video-streaming service iQIYI Inc. Under the agreement, Eros Now will license its catalog of Bollywood movies to the Baidu Inc.-owned streaming service.

* Essel Group-owned Zee Entertainment Enterprises Ltd. is in advanced talks with Reliance Jio Infocomm Ltd. and may make its content available on the telco's OTT platform, Jio, The Economic Times (India) reports. Zee Entertainment previously withdrew its content from Jio after pricing disagreements.

* Indian software giant Infosys Ltd. announced a three-year technology partnership with the Australian Open and will leverage its strengths in emerging technologies like big data and analytics, AI and VAR to provide a unique experience to fans of the tennis tournament.

* PVR Cinemas and Sony Corp.'s Sony Pictures Networks India, will partner with Toyam Industries Ltd.-owner Mohamedali Budhwani to live telecast mixed martial arts league, Kumite 1League matches between teams of India and UAE on Sept. 29, The Economic Times (India) reports.


* Singaporean media giant Singapore Press Holdings, or SPH, announced that it has acquired a portfolio of student accommodation buildings in the U.K. from Unite Group PLC through its wholly-owned subsidiaries in a cash consideration deal worth approximately £180.5 million. The acquisition is expected to "generate recurring cash flow" for the media organization. The transaction is expected to be complete on or around Sept. 13.

* Razer Pte. Ltd., a Singaporean gaming and entertainment company, will launch an e-payment platform in Singapore next year, Business Insider reports. The company will invest S$10 million to roll out the service.

* Indonesian ride-sharing service PT Go-Jek Indonesia discontinued its grocery-shopping service Go-Mart to focus on promoting its other shopping feature Go-Shop, Tech in Asia reports.

* Catchplay, a Taiwanese video-on-demand platform partnered with Xiaomi Corp.'s Indonesian television business for blockbuster movie subscriptions in Indonesia, Media Indonesia reports.

* Thai telco TOT PCL, will launch a new fixed price wireless residential broadband service by the end of the year, Manager reports. The service will be supported by portable 4G hotspot devices, and will run on the 2,300MHz band in partnership with dtac TriNet Co. Ltd.

* Thailand's Total Access Communication Public Co. Ltd. launched a new talent school called "dtac accelerate creator" supported by YouTube LLC, which aims to train young residents of Thailand in video editing and production to become professional content creators.


* Australian advertising company APN Outdoor Group Ltd. announced that the Federal Court of Australia approved the dispatch of a scheme booklet pertaining to a proposed acquisition of 100% of the issued share capital of APN Outdoor by JCDecaux ANZ Pty Ltd. APN shareholders will vote on the scheme Oct. 15. JCDecaux ANZ is a unit of French advertising company JCDecaux SA.

* New Zealand-based telco Spark New Zealand Ltd. and Te Aka Maori Dictionary have launched an interactive mobile app called Kupu powered by Google, that uses image recognition to identify objects in a picture and provide Te Reo Maori translations for it.

* Two security executives of Australian telco Telstra Corp. Ltd., left the company in line with the Telstra2022 corporate overhaul, CRN reports. Director of Security Solutions Neil Campbell and Head of Cybersecurity Services Jacqui McNamara exited Telstra.


Q&A: Iflix content chief does not believe in Netflix's pan-regional approach in Asia: In an increasingly crowded OTT space in Asia, regional player iflix is betting big on hyperlocal, original content, the company's global director of original programming, Mark Francis, told S&P Global Market Intelligence.


Multichannel Trends: Telco segment's revenue spiral follows subscribers in long-term forecast: The telco video space is positioned to lose two-thirds of its annual revenue by 2028 as consumers cut the cord and the top telcos recalibrate their entertainment ambitions.

Frances Wang, Nicole Kim, Kevin Osmond and Patrick Tibke contributed to this report. The Daily Dose has an editorial deadline of 7 a.m. Hong Kong time. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.