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In This List

Fujifilm suing Xerox for failed merger; Google to invest US$550M in JD.com

An interview with Antony Jenkins, Founder & Executive Chairman, 10x Future Technologies

An interview with Nicolas Veron, Economist, Senior Fellow at Bruegel

An interview with Dan Frumkin, CEO, Metro Bank

Investment Banking: The Outlook, Market Share and Competitive Advantage


Fujifilm suing Xerox for failed merger; Google to invest US$550M in JD.com

TOP NEWS

* Fujifilm Holdings Corp. is suing Xerox Corp. for more than US$1 billion after the printer and photocopier maker scrapped the two companies' US$6.1 billion merger in May, Reuters reports. In the lawsuit filed in the U.S. District Court for the Southern District of New York, Fujifilm accused Xerox of "intentional and egregious conduct" in cancelling the planned deal and alleged that the company yielded to pressure from activist investors Carl Icahn and Darwin Deason, who opposed the takeover bid. The Japan-based firm is also seeking payment of a US$183 million termination fee, according to the report.

* Alphabet Inc.-owned Google Inc. will invest US$550 million in cash in Chinese e-commerce company JD.com Inc. The investment is part of a partnership to explore a range of initiatives, including the joint development of retail solutions in Southeast Asia, the U.S. and Europe, among other regions.

* The U.S. Senate voted 85-10 to pass a defense package that includes a bipartisan provision reinstating a ban on the sale of U.S. components to Chinese telecom gear maker ZTE Corp., effectively rejecting a Trump administration plan to aid the company.

* A Texas federal jury ordered Samsung Electronics Co. Ltd. to pay US$400 million to KAIST IP US LLC, the intellectual property arm of the Korea Advanced Institute of Science & Technology, for infringing on the research university's patent on a type of transistor known as FinFet, Digital Daily reports. The Samsung Group unit is reportedly considering all legal options, including an appeal.

JAPAN

* NTT DATA Getronics Corp., a system integrating unit of Nippon Telegraph & Telephone Corp., named Takeshi Taguchi, Kotaro Moritani and Yasuhiko Sato as new part-time directors.

* KIYO Learning Co. Ltd., Tokyo-based smartphone e-learning developer, raised a total of ?540 million in a private equity placement with companies including Japanese recruitment company Matching Service Japan Co. Ltd., Tokyo-based venture capital Innovations and Future Creation Inc., SMBC Venture Capital Co. Ltd. and Mitsubishi UFJ Capital Co. Ltd..

* Sony Semiconductor Solutions Corp., a subsidiary of Sony Corp., named Toru Katsumoto as director to replace Tomoyuki Suzuki.

SOUTH KOREA

* South Korea's 5G spectrum auction closed at a total sum of 3.618 trillion won, up 10.44% from the opening price, News 1 reports. In the 3.5 GHz range, SK Telecom Co. Ltd. and KT Corp. secured 100 MHz bandwidth each for 1.219 trillion won and 968 billion won, respectively, and LG Uplus Corp. took 80 MHz bandwidth for 809 billion won. In the 28 GHz range, the three telcos won 800 MHz bandwidth each.

* Nokia Corp. and South Korean communications equipment company Kmw Inc. co-developed the second generation AEQN, a massive multiple-input, multiple-output, or MIMO, equipment for 5G networks for commercial use, ZD Net Korea reports.

* Foxconn, or Hon Hai Precision Industry Co. Ltd., is poised to enter the South Korean smartphone market in the last week of June by launching a new handset, Sharp Aquos S3, exclusively through SK Telecom, ET News reports.

CHINA, HONG KONG AND TAIWAN

* China's artificial intelligence company Iflytek Co. Ltd. is teaming up with China Mobile Ltd., China Unicom (Hong Kong) Ltd. and China Telecom Corp. Ltd. to offer voice-activated smart devices, according to a South China Morning Post report.

* Tencent Holdings Ltd. will launch QTrade, an instant messaging tool for financial institutions, in early July, AWTMT News reports. The move is to comply with the regulation launched in January that bans Chinese traders from using personal emails and instant messaging tools at work.

* China Telecom and China Unicom initiated a study proposal for a guideline on AI devices, CWW News reports. The purpose is to push for a China standard for AI smartphones in the global market.

* First Brave, a Shanghai-based entertainment content distribution startup, raised 80 million yuan through series B financing, 36kr reports.

* Foxconn announced plans to establish its North American headquarters in Milwaukee following the purchase of a seven-story building in the area, Reuters reports.

INDIA AND SOUTH ASIA

* Indian e-commerce company Paytm E-Commerce Pvt. Ltd. will offer news, live TV, entertainment videos and games to its users through its Paytm Inbox feature on its app, The Economic Times (India) reports. Paytm has tied up with companies such as Hungama Digital Media Entertainment, UC News and YuppTV for content.

* The Indian telecom ministry's 5G committee said that about 6,000 MHz of spectrum can be made available for next generation mobile service, Press Trust of India reports.

* Reliance Communications Ltd. returned about 70 units of non-auctioned spectrum in the 1800 MHz band to India's Department of Telecommunications, a person familiar with the matter told The Economic Times (India).

SOUTHEAST ASIA

* Alibaba Group Holding Ltd. launched its first Southeast Asian office in Malaysia as part of its strategic partnership with the country, Berita Harian reports.

* Traveloka Holding Ltd., an Indonesian travel app provider, partners with the Indonesian Ministry of Transportation to provide Wi-Fi services in public areas, Bisnis reports.

* A Cartoon Network theme park is set to open in 2020 in Bali, Travel Pulse reports. Turner Broadcasting System Asia Pacific Inc. will lead the development of the park in partnership with an Indonesian real estate and hospitality investment company, The MAJ Group.

* Thailand's 1800 MHz spectrum auction, scheduled to take place on Aug. 4, has been put on hold after the country's three largest telcos chose not to bid, Prachachat reports. The NBTC board will meet this week to review the terms of the auction and reschedule.

* Iflix Sdn. Bhd.'s Thailand unit will launch Studio 2:15, an in-house short form content creator aimed at increasing viewer numbers and holding viewers online for longer, Manager reports.

* Microsoft Corp.'s Thailand subsidiary published a report in collaboration with market research firm Frost & Sullivan showing that in 2017, Thailand could have lost up to 286 billion baht to cybersecurity threats, or 2.2% of its GDP, Manager reports.

AUSTRALIA AND NEW ZEALAND

* Google's YouTube LLC Music service and YouTube Premium launched in 17 countries including Australia and South Korea. The service offers access to music videos, official albums, singles, remixes, live performances, covers and music that is only available on YouTube.

* Chinese ride-hailing company Didi Chuxing Technology Co. Ltd. revealed plans to launch in Australia, where it will begin offering services in Melbourne from June 25, TechCrunch reports, citing a statement.

* Singtel Optus Pty. Ltd. will hand over two night's worth of exclusive coverage of World Cup matches to rival network Special Broadcasting Service Corp. after receiving consumer backlash, as well as concern from the Australian Prime Minister Malcolm Turnbull, over technical difficulties with its streaming service, The Sydney Morning Herald reports.

* Telstra Corp. Ltd. partnered with Ericsson, Netgear Inc. and Qualcomm Inc. to trial 2 Gbps over LTE technology using a prototype commercial device. The Australian telco is planning to deploy the 2 Gbps-enabled 4G technology in its network in certain locations later in 2018.

* Huawei Technologies Co. Ltd. is fighting off national security concerns about the telco that may lead to Huawei's exclusion from Australia's 5G wireless network rollout, calling the criticisms "ill-informed and not based on facts," The Australian Financial Review reports, citing a letter addressed to the country's legislators.

FEATURED NEWS

OTT platforms in Asia under pressure as appetite for local content grows: As streaming platforms in Asia are looking to diversify and expand their catalogs, with local content more and more a differentiator, costs are on the rise and players have been forced to consolidate.

FEATURED RESEARCH

Multichannel Trends: May 2018 cable TV financing snapshot: The cable TV financing snapshot table lists monthly totals for cable industry public and private debt, equity and stock buybacks from a historical range of years to the present.

Economics of Internet: Q1'18 top US video provider rankings: The first-quarter story remained much the same in the video distribution industry, as traditional multichannel players reported shortfalls while over-the-top services celebrated advances.

Nozomi Ibayashi, Myungran Ha, Frances Wang, 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.