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Toshiba completes ¥600B share sale; Apple assures return of apps in China

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Toshiba completes ¥600B share sale; Apple assures return of apps in China

TOP NEWS

* Toshiba Corp. finalized the sale of new shares worth ¥600 billion to foreign investment funds and others. The sale will help Toshiba emerge from negative net worth by March and avert delisting from the Tokyo Stock Exchange.

* Apple Inc. CEO Tim Cook said at the Fortune forum in Guangzhou that foreign companies need to play by local rules in China and said that many of the removed apps will likely return to the company's local app store, The Paper reports. Cook added that he sees Tencent Holdings Ltd. as a "great partner," Reuters reports.

* Meanwhile, Alibaba Group Holding Ltd. founder Jack Ma also urged foreign companies to comply with Chinese regulations, dismissing concerns that the country's government fends off non-Chinese businesses, The Wall Street Journal reports.

* Sky Network Television Ltd. struck long-term premium drama and movie deals with 21st Century Fox Inc.'s Twentieth Century Fox Television Distribution, Time Warner Inc.'s Warner Bros. International Television Distribution Inc., Metro-Goldwyn-Mayer Inc. and Sony Pictures Entertainment for its linear and streaming platforms in New Zealand.

PAN-ASIAN NEWS

* Amazon.com Inc. launched the Prime Video app on Apple TV 4K and previous generations of Apple TV in more than 100 countries.

* YuppTV, a U.S.-headquartered over-the-top content provider for South Asian content, tapped former &TV business head Rajesh Iyear as COO for Asia-Pacific and the Middle East, Television Post reports.

JAPAN

* Japanese advertising company Dentsu Inc. said its global business hub Dentsu Aegis Network reached a deal to acquire a 100% stake in San Francisco-based digital marketing agency Swirl Inc. It separately announced an agreement to buy all shares in Indonesia's PT Valuklik, a digital performance marketing company.

* SoftBank Group Corp. and Philips Electronics Japan Ltd., a unit of Koninklijke Philips NV, announced a comprehensive alliance in developing Internet of Things and Artificial Intelligence solutions in the healthcare sector.

* Sony Corp. and Panasonic Corp. are expected to be among companies helping JOLED Inc. raise ¥100 billion for mass production of advanced organic light-emitting diode panels, Kyodo reports. JOLED, an affiliate of the semi-public Investment Network Corp. of Japan and Japan Display Inc., was tapped by Apple to supply OLED displays for its new iPhone X.

SOUTH KOREA

* YG Entertainment Inc. sold its entire stake of 1.37 million shares in YJM Games Co. Ltd. for about 6.7 billion South Korean won due to poor performance of the mobile game business cooperation between the companies, Korea Economic Daily reports.

* The Korea Communications Commission fined LG Uplus Corp. 800 million won and SK Broadband 140 million won for infringement of users' interests by rejecting, delaying and limiting their decision to unsubscribe from internet services, Yonhap News Agency reports.

* The Commission is considering a cap on the donation amount voluntarily provided by viewers to one-person internet broadcasting shows, Herald Biz reports. AfreecaTV Co. Ltd. currently limits the amount to 30 million won per viewer, while Pop Kon TV imposes no limitations. In addition, the government will form the Clean Internet Broadcasting Association to discuss measures to regulate the online broadcasting sector.

* Samsung Electronics Co. Ltd. announced that it has begun mass production of the first 512GB memory chip for next-generation mobile devices.

* A+E Networks Asia's Lifetime Asia will air its first South Korean original drama, A+E Networks Korea's "The Best Moment to Quit Your Job," on Dec. 10, World Screen reports.

CHINA, HONG KONG AND TAIWAN

* DHX Media Ltd. licensed more than 450 half-hours of programming to Tencent Holdings in China, including the new "Teletubbies" and "Inspector Gadget" series.

* China's digital economy reached 22.58 trillion yuan in 2016, accounting for nearly a third of the country's gross domestic product, Agence France-Presse reports, citing a report released during the fourth World Internet Conference in Wuzhen.

* Nvidia Corp.'s streaming box for TV, video and games, NVIDIA Shield, has launched in China, Engadget reports, citing a company statement. Nintendo Co. Ltd. and Nvidia are working together to port selected Wii and GameCube games such as the "New Super Mario Bros. Wii," "The Legend of Zelda: Twilight Princess," and "Punch-Out!" to the Android-powered Shield TV, The Verge reports.

* Meitu-operated short video service Meipai banned minors from using its live-streaming service after a "bug" was found in its system that allowed "inappropriate video" to be inserted in a live-stream, according to the South China Morning Post.

* Hon Hai Precision Industry Co. Ltd., Asia Pacific Telecom Co. Ltd. and Intel Corp. jointly launched a 5G-powered multi-access edge computing platform in Taiwan, Digitimes reports. The platform offer solutions for augmented and virtual reality, retail and healthcare.

INDIA AND SOUTH ASIA

* Alibaba is set to acquire more than a third of Indian online grocer BigBasket for about US$300 million, three people aware of the deal told The Economic Times (India).

* Reliance Communications Ltd. senior counsel Navroz Seervai told the National Company Law Tribunal that it is in talks with China Development Bank to negotiate a settlement, The Economic Times (India) reports.

* Aircel Ltd. will cease services in six loss-making circles — UP (West), Haryana, Gujarat, Madhya Pradesh, Maharashtra and Himachal Pradesh — in a bid to survive India's ongoing telecom consolidation, people familiar with the matter told The Economic Times (India), adding that the debt-laden telecom operator is also in discussions with potential buyers for a sellout.

* Bharti Airtel Ltd. is partnering with Intex Technologies (India) Ltd. to launch a range of affordable 4G smartphones, The Economic Times (India) reports.

* Chinese smartphone maker Gionee Communication Equipment Co. Ltd. is considering investing 5 billion rupees in India, TNN reports.

SOUTHEAST ASIA

* Amazon.com on Dec. 6 launched its Amazon Prime membership program in Singapore, following its debut in the city-state earlier this year via the Prime Now service.

* Indonesia plans to accelerate the infrastructure development of fixed broadband in Indonesia in 2018, IndoTelko reports.

* Telco PT Hutchison 3 Indonesia plans to roll out its e-payment system in 2018 and has applied for its fintech permit from Bank Indonesia, Kontan reports.

* Takorn Tantasith, secretary-general of Thailand's National Broadcasting and Telecommunications Commission, is being transferred to the Election Commission of Thailand, Ryt9 reports. Takorn said his move will not affect next year's 900MHz and 1800MHz spectrum auctions, which will go ahead as scheduled.

* Thai telco Advanced Info Service partnered with real estate developer SC Asset to launch Baan Rue Jai, a new home broadband network that combines IoT, big data, cloud computing and AI technology, Prachachat reports.

AUSTRALIA AND NEW ZEALAND

* The Australian Competition and Consumer Commission will not oppose the proposed merger of Fox Sports and FOXTEL after finding the transaction would not substantially lessen competition.

* Television Broadcasts Ltd. went to federal court in a bid to block online streaming of TVB's broadcasts through internet-connected set-top boxes in Australia, Computerworld (Australia) reports. TVB wants Telstra Corp. Ltd., Singtel Optus Pty. Ltd, Vocus Group Ltd. and TPG Telecom Ltd., and their subsidiaries, to block access to 21 URLs that are used by set-top boxes to stream TVB's copyrighted material.

* Australian online deals marketplace Scoopon Pty. Ltd., DEALS.com.au Pty. Ltd. and Catch Group Pty. Ltd.'s catch.com.au have consolidated shortly after Amazon launched in Australia, Business Insider (Australia) reports. Catch Group and Lux Group Ltd. signed a series of deals to form e-commerce businesses with a combined turnover of A$600 million. The two groups also formed a 50/50 local joint venture.

* Vodafone Hutchison Australia launched NumberSync, an eSIM service for the Apple Watch Series 3, allowing users to make calls, send SMS and utilize data features without having to pair with an iPhone, finder.com.au reports.

* Katie Curran, former head of communications at Uber Technologies Inc. Australia and New Zealand, is now Amazon.com Inc. Australia's head of communications, Mumbrella (Australia) reports.

FEATURED NEWS

PlayStation Vue serving dynamic ads to subscriber household members: Dwayne Benefield, head of PlayStation Vue, tells investors that advertisers can now target different household members with distinct messaging on select networks on the virtual provider.

FEATURED RESEARCH

Technology: All in on the cloud: Prior to the start of the AWS re:Invent 2017 conference held in Las Vegas from Nov. 27 through Dec. 1, AWS Elemental announced five cloud video services that are now accessible via the AWS console.

Economics of Networks: AT&T not going down without a fight in efforts to buy Time Warner: AT&T attorneys are girded for battle with the U.S. Department of Justice over the pending deal to buy Time Warner, now more than a year in the making. They outlined their opposition in a Federal Court filing in Washington, D.C.

Economics of Advertising: Prime-time delivery slides for broadcast networks in October: Negative ratings trends continued in October, with all big four broadcasters experiencing year-over-year declines in prime-time C3 TV household delivery.

Joji Sakurai, Nicole Shiwon Kim, Frances Wang, Patrick Tibke and Kevin Osmond 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.