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SoftBank mulls relisting ARM Holdings; China's Bilibili reveals US IPO details

TOP NEWS

* SoftBank Group Corp. is eyeing the relisting of ARM Holdings PLC, the U.K.-based chip designer it acquired in 2016 for US$31.0 billion, the Financial Times reports. SoftBank senior corporate officer Yoshimitsu Goto reportedly told investors that an IPO could be a potential exit strategy for the SoftBank Vision Fund, which is set to acquire a 25% stake in ARM.

* Chinese video streaming platform Bilibili revealed the terms for its initial public offering. The company said it plans to offer 42,000,000 American depositary shares at an anticipated price range of US$10.50 per share to US$12.50 per share. The company granted the underwriters the right to purchase up to an additional 6,300,000 ADSs to cover overallotments. Bilibili estimates that the net proceeds from the offering will be about US$443.3 million, or about US$510.6 million if the underwriters exercise their overallotment option in full, based on an assumed IPO price of US$11.50 per ADS, the midpoint of the estimated offering price range. The company has applied to list the ADSs on the Nasdaq Global Market under the symbol BILI.

JAPAN

* Sony Corp. units Sony Imaging Products & Solutions Inc. and Sony Semiconductor Solutions Corp. appointed Hiroki Totoki as a director of the companies, effective April 1. Totoki replaces retiring director Kenichiro Yoshida. Meanwhile, Shigeki Ishizuka was named director at Sony Storage Media Solutions Corp.

* AEON Co. Ltd. and Alibaba Group Holding Ltd.-backed technology startup DeepBlue Technology will form a joint venture in April to codevelop artificial intelligence-powered stores in China, the Nikkei Asian Review reports. The Japanese retailer reportedly is looking to use DeepBlue's technologies, which already produced a model of an unmanned convenience store, to develop its own small-format stores and shopping locations. AEON will invest US$1 million in the project and hold a 65% stake.

* SoftBank Ventures Inc. led a US$10 million series A funding round for twoXAR Inc., a Palo Alto-based artificial intelligence-driven biopharmaceutical company.

SOUTH KOREA

* Naver Corp. is in talks with CJ E&M to connect Mnet.com, the music streaming service of CJ Digital Music Corp., to Naver's AI platform, Clova, Digital Times reports. The move is expected to be made as early as the first half of 2018, with newly added music to become available on Clova-installed AI speakers.

* South Korean social network service provider Cyworld Co. Ltd. launched its news curation service QUE, which provides users with a tailored feed of news articles and a social media function where users can create their own selection of stories and interact with subscribers, Dailian reports.

CHINA, HONG KONG AND TAIWAN

* The Shanghai Stock Exchange approved Didi Chuxing Technology Co. Ltd.'s 10 billion yuan shelf offering of a supply chain finance asset-backed security product.

* Chinese animation and toy company Alpha Group reached a licensing deal with Entertainment One Ltd. for Peppa Pig merchandises in China, China Securities Journal reports. Alpha Group will introduce a new line of Peppa Pig toys debuting in the fourth quarter.

* Baidu Inc. will launch a smart speaker equipped with video screens on March 26, Tencent News reports.

INDIA AND SOUTH ASIA

* YuppTV Inc. scored exclusive digital and TV rights to broadcast and stream the Indian Premier League 2018 in Europe, South America and Southeast Asia, as well as nonexclusive rights for Australia, Television Post reports.

* Idea Cellular Ltd.'s over-the-top platform Idea Movies & TV expanded its content offering with the addition of Discovery Communications India's 12 channels to its live TV channel offering.

* Amazon Prime Music, which recently launched in India, is adding the catalog of Malayalam music label Muzik 247 to its music offerings.

* Sunil Nayyar is taking over the Sony India managing director post from Kenichiro Hibi, who will move to lead the Japanese company's operations in Brazil, The Hindu reports. Hibi, who was managing director of Sony India from 2012, was appointed president for Sony Brazil, effective April 1.

* Shantanu Srivastava, vice president of BlackBerry Ltd. Asia-Pacific and Japan, is now overseeing operations in India after Narendra Nayak resigned as India managing director, The Economic Times reports.

SOUTHEAST ASIA

* Alibaba Group will invest an additional US$2 billion in Lazada Group in an effort to facilitate the Southeast Asian online retailer's growth and further integrate it into the Alibaba ecosystem. In addition, Lazada CEO Max Bittner will step down from the role he has held since 2012 and become a senior adviser to Alibaba. Lazada chairman Lucy Peng, who is also one of Alibaba's 18 founders, will replace Bittner as CEO.

* Fox Networks Group Asia partnered with Singapore-based mm2 Entertainment Pte. Ltd. to coproduce six Chinese-language films. According to The Hollywood Reporter, mm2 will handle the titles' theatrical releases in the Asia-Pacific region, while FNGA will have exclusive pay-TV broadcast and digital rights for the films.

* Iflix Sdn. Bhd. announced the appointment of Diana Boo as country manager for Malaysia and Brunei. Boo has more than 20 years of experience in the Southeast Asian advertising, digital media and ad technology.

* The vice chairman of Thailand's National Broadcasting and Telecommunications Commission confirmed that it intends to appeal a court decision which could force it to pay 1.5 million Thai baht in damages to Thai TV, Prachachat reports.

AUSTRALIA AND NEW ZEALAND

* Telstra Corp. Ltd. is partnering with Microsoft Corp. to launch Telstra Calling for Office, a product that offers voice-calling services within Office 365 programs, in mid-2018, The Australian Financial Review reports.

* Melbourne-based QA Software is being acquired by U.S. construction project management software developer InEight Inc. Financial details of the deal were not disclosed.

* Seven West Media Ltd is losing its network director of sales as Adam Elliott resigns to start his own business. Elliott will be replaced by Natalie Harvey, sales director for Sydney, according to The Australian.

FEATURED NEWS

Legal experts weigh odds as DOJ's AT&T/Time Warner trial starts: The U.S. government and AT&T are squaring off in court this week as the Justice Department seeks to block AT&T's purchase of Time Warner. Based on pre-trial briefs, one legal expert called the government's primary argument a "hypothetical exercise."

The Week Ahead: DOJ, AT&T trial begins; FCC to vote on 5G deployment reforms: Trial will begin March 19 in the U.S. Justice Department's antitrust lawsuit against AT&T's planned purchase of Time Warner. On March 22, the FCC's open meeting will include a vote aimed at speeding 5G deployments.

FEATURED RESEARCH

Multichannel Trends: Broadband-only homes soar in 2017, solidifying 'new normal' TV-viewing paradigm: The U.S. broadband-only home segment logged record gains in 2017 as consumers increasingly turned to broadband-delivered video.

The Best Of: Kagan research and analysis, editor's picks: Presenting the editor's top picks from Kagan's exclusive research and analysis for the week ended March 16.

Economics of Internet: BroadbandTV and Vevo tops among YouTube MCNs in 2017: Most top YouTube multi-channel networks (MCNs) saw solid gains in viewing as 2017 came to a close, with viewer appetite remaining strong for the mix of music, entertainment, gaming, and fashion content that many networks feature.

Joji Sakurai, Myungran Ha, Emily Lai, 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.