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Facebook wins Southeast Asian football rights; Baidu selling iQiyi shares

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Facebook wins Southeast Asian football rights; Baidu selling iQiyi shares

TOP NEWS

* Facebook Inc. obtained exclusive rights to air all 380 Premier League football matches in Thailand, Vietnam, Cambodia and Laos starting 2019 until 2022, for £200 million, The Times (U.K.) reports. The social media giant reportedly beat beIN Media Group LLC's beIN SPORTS and 21st Century Fox Inc.- owned Fox Sports Asia to win the live broadcast rights.

* Baidu Inc. registered to sell 7,200,000 American depositary shares in its online streaming unit iQiyi Inc. for US$259.4 million, Sina reports.

PAN-ASIAN NEWS

* Malaysia-based on-demand video streaming startup iflix Sdn. Bhd. partnered with digital marketing company ada, or analytics.data.advertising, part of Malaysian telco operator Axiata Group Bhd.. The collaboration will focus on deep audience engagement and premium content creation across Asia, starting from Indonesia, Malaysia, Thailand, the Philippines, Sri Lanka, Bangladesh and Cambodia.

JAPAN

* Fuji Xerox Co. Ltd. launched an artificial intelligence solution that processes handwritten forms through original character recognition technology, IT Media reports.

* SoftBank Corp., the mobile unit of SoftBank Group Corp., set up a WeWork Cos. business office for about 1,000 employees in Japan to reform work style. SoftBank and WeWork launched a Japanese joint venture last year that currently has six locations in Tokyo.

SOUTH KOREA

* Shares in Samsung Electronics Co. Ltd. closed 2.29% lower on the Korea Exchange on July 6 after the Samsung Group unit projected a quarter-over-quarter decline in second-quarter operating profit and sales.

* "Sunshine," a new 24-episode historical drama series made by CJ E&M's general entertainment network tvN, premiered on Netflix Inc. on July 7 in South Korea, Asia and the U.S., and on July 8 in Japan, Financial News reports. The historical drama will be launched in remaining countries on July 19.

* The South Korean Ministry of Science and ICT decided to extend the period for mobile virtual network operators to be exempted from paying spectrum fee by one year and three months, until the end of 2019, ET News reports. The ministry is also considering lowering the spectrum fee for MVNOs from 2020.

CHINA, HONG KONG AND TAIWAN

* Xiaomi Corp.'s IPO in Hong Kong received 9.5 times more applications for share purchases at 1,034,986,800 shares, compared to the total number of 108,980,000 Hong Kong offer shares that were initially made available for subscription. The final number of shares allocated to the placees under the global offering, which include both Hong Kong offering and the international offering, is 2,397,542,000 offer shares. Xiaomi will start trading July 9.

* Alibaba Pictures Group Ltd. partnered with Paramount Pictures Corp. to present "Mission Impossible 6: Fallout," which will be released in the U.S. on July 27.

INDIA AND SOUTH ASIA

* Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in will inaugurate Samsung Electronics' mobile phone production unit in Noida on July 9, The Times of India reports. The tech giant in June 2017 said it will invest 49.15 billion Indian rupees to expand the facility.

* Facebook enhanced its security measures ahead of Pakistan's July 25 general elections after facing criticism for the alleged misuse of its products during the 2016 U.S. election that caused the spread of disinformation on the social media platform, Facebook's spokesperson in Pakistan Sarim Aziz told Pakistani newspaper Dawn.

* Reliance Jio Infocomm Ltd. may opt for a phased launch of its fiber-based home broadband services, beginning early November in 15 to 20 Indian cities with high data demand, people aware of the matter told The Economic Times (India).

* Xiaomi appointed Muralikrishnan B as its chief operating officer for India, The Economic Times (India) reports. He is a former eBay India Pvt. Ltd. country manager.

SOUTHEAST ASIA

* iflix aims to raise "at least one or maybe two more [financing] rounds" before considering an IPO, Deal Street Asia reports, citing Iflix Co-Founder and Group CEO Mark Britt, who declined to share details on the next fundraising round.

* Singaporean telco StarHub Ltd. partnered with Belkin International Inc.-owned networking solutions device company Linksys to launch EA8100 wireless router in Singapore.

* Indonesian telco Telkomsel launched a data package specifically for drivers of ride-hailing apps GrabTaxi Holdings Pte. Ltd. and PT Go-Jek Indonesia, Katadata reports.

* Thailand will re-open bidding for the 900MHz and 1800MHz spectrum auctions from Jul. 9 to Aug. 7, Prachachat reports. Bidding was originally scheduled to open on July 6, but was delayed after the Royal Gazette failed to publish the terms of the two auctions on time.

* Thailand's Digital Economy Promotion Agency signed a new partnership with media company Techsauce to set up a joint startup accelerator project, Prachachat reports. The Depa Accelerator Program x Techsauce will focus on launching Thai startups in health and agricultural technology.

AUSTRALIA AND NEW ZEALAND

* Huawei Technologies (Australia) Pty. Ltd. has been awarded a A$136 million project to build and maintain radio systems across Perth's rail network on behalf of the Public Transport Authority, The Australian reports. The project will deliver voice and data services, and end-to-end digital radio solutions.

FEATURED NEWS

World Cup: Streaming viewership rises as tournament winds down: FOX Sports sets authenticated livestreaming marks, while Telemundo Deportes nets daytime viewership record with Mexico-Brazil coverage.

FEATURED RESEARCH

Broadcast Investor: Retrans database update: 3 disputes resolved, all eyes on Univision-DISH impasse: Ten signal disruptions announced in 2018 have so far impacted 6.0 million estimated subscribers.

Joji Sakurai, Myungran Ha, Emily Lai, Ed Eduard 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.