trending Market Intelligence /marketintelligence/en/news-insights/trending/C4uWOyzJYPGDtqC4yLKHOw2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Naspers to float businesses holding Tencent stake; Huawei to speed up US lawsuit

Blog

Tech in Banking: An Age of Digital Disruption

Blog

Understanding the Basics of Social Housing Providers and Associations (SHPAs)

Blog

COVID-19 Impact & Recovery: LCD Outlook for H2 2021

Blog

COVID 19 Impact Recovery Media Telecom and Technology Outlook for H2 2021


Naspers to float businesses holding Tencent stake; Huawei to speed up US lawsuit

TOP NEWS

* Naspers Ltd. will list NewCo, a new global consumer internet group comprising its international internet assets, on the Euronext stock exchange on July 17. The new company will comprise all of Naspers' internet interests outside of South Africa including Tencent Holdings Ltd., Mail.ru Group Ltd. and OLX BV. According to Reuters, Naspers is motivated by the size of its 31.2% stake in Tencent, which is valued at around HK$967 billion.

* Huawei Technologies Co. Ltd. is looking to expedite its legal challenge of the 2019 National Defense Authorization Act, which bars federal agencies and their contractors from using the Chinese technology giant's equipment on national security grounds. In a motion for summary judgment filed in the U.S. District Court for the Eastern District of Texas, Huawei asked the court to declare the NDAA bill unconstitutional.

* Users of Amazon.com Inc.'s Alexa can now tell the digital assistant to wipe their voice recordings as part of an update announced May 29. Currently, Alexa users can only delete their stored data via the Alexa smartphone app and on the web.

JAPAN

* SoftBank Corp. selected Ericsson as a 5G vendor for the deployment of a multiband 5G network in Japan. Under the agreement, Ericsson will provide SoftBank with radio access network equipment, including products from the Ericsson Radio System portfolio.

* Alphabet Inc. unit Google LLC acquired land in Chiba prefecture to build its first data center in Japan, The Asahi Shimbun reported. The facility adds to the company's growing number of data centers in Asia.

* Japan Broadcasting Corp., or NHK, will begin the simultaneous online streaming of its TV programs in March 2020 after obtaining approval from Japan's bicameral legislature, The Asahi Shimbun reported.

* Pokémon Co. is developing "Pokemon Sleep," a mobile app that tracks players' sleep and uses the data for gameplay, with a release date set for 2020, Jiji Press reported.

SOUTH KOREA

* Samsung Electronics Co. Ltd.'s Galaxy Fold is seeing further delays to its release, with industry sources saying the device will likely launch after June, The Korea Herald reported. The Galaxy Fold originally had an April 26 launch date, but Samsung delayed it following feedback from reviewers that their test devices had malfunctioned.

* Huawei scaled down the marketing and publicity activities for the opening of its first 5G open lab in Seoul amid the increasing U.S. pressure on South Korea to join its Huawei ban, The Korea Times reported.

CHINA, HONG KONG AND TAIWAN

* Tencent-backed We Doctor Holdings Ltd. will arrange a pre-IPO placement for the entire unit before the end of this year, co-founder Zhang Xiaochun told S&P Global Market Intelligence. A pre-IPO placement occurs when part of an IPO is placed with private investors just before the offering is scheduled to hit the market. The online healthcare startup has been valued by investment banks at an estimated $10 billion, Zhang said.

* In other Tencent news, the Chinese tech giant will form a joint venture with U.S.-based Roblox Corp. that will initially focus on education to teach coding fundamentals, game design, digital citizenship and entrepreneurial skills to young Chinese creators.

* Alibaba Cloud Computing Co. struck a deal with Brazilian information technology firm UOL Diveo to resell Alibaba's cloud services in Brazil, Xinhuanet reported, citing local media. The Alibaba subsidiary is looking to expand its cloud computing services in Brazil as part of its support for the Chinese companies operating in the South American country.

* ZTE Corp. and Tencent signed a memorandum of understanding on 5G development. The two companies will work on 5G commercialization, as well as edge computing, quality of service to support acceleration technologies and network slicing.

* Baidu Inc.'s video streaming arm iQiyi Inc. launched an e-commerce app called Fan Fan Xing Qiu, Tencent News reported. The app sells celebrity-themed products and shares celebrity photos and agendas.

INDIA AND SOUTH ASIA

* Reliance Jio Infocomm Ltd. reduced the number of its contractual employees and some permanent staff in a bid to cut costs and improve operating margins, people familiar with the matter told The Economic Times (India). While major redundancies have been on the customer-facing side, other impacted departments reportedly include supply chain, human resources, finance, administration and networks.

* Bharti Airtel Ltd. and Reliance Jio are in the advanced testing stages of their voice over Wi-Fi services, according to The Hindu BusinessLine. VoWiFi technology allows users to make and receive calls over Wi-Fi or wireless internet connections.

* Asim Warsi, a senior vice president at Samsung India Electronics Pvt. Ltd., told Reuters that the company wants to double its online smartphone sales in India to US$1 billion this year.

SOUTHEAST ASIA

* Khazanah Nasional Bhd., the sovereign wealth fund of Malaysia, is in talks with SoftBank Group Corp. about a possible investment in the US$100 billion SoftBank Vision Fund LP, the Nikkei Asian Review reported.

* Axiata Group Bhd. will not force-terminate its employees after it merges with Telenor ASA, The Star reported. According to Axiata CEO and President Tan Sri Jamaludin Ibrahim, the company will offer a different position or a voluntary separation scheme for its redundant employees after the merger.

* Thailand's Digital Telecommunications Infrastructure Fund will increase its registered capital by 15.8 billion baht, Money and Banking Online reported. The money raised will be invested in telecom towers and fiber optic cables.

AUSTRALIA AND NEW ZEALAND

* Telstra Corp. Ltd. expects higher restructuring costs as it plans to expedite about 6,000 job cuts, London's Financial Times reported. The Australian telco is now expecting about A$800 million in restructuring costs for the 2019 fiscal year due to the layoffs, compared to an earlier estimate of A$600 million. The job cuts are part of the company's Telstra2022 strategy, which intends to focus on flattening its structure by slashing two to four layers of management and removing a quarter of executive and middle-management roles.

FEATURED NEWS

New US net neutrality compromise bill unlikely for now: But policy experts say there could come a tipping point — either in Congress or in response to the courts — where that dynamic changes.

FEATURED RESEARCH

Consumer Insights: Do you stream live video from Facebook or Twitter?: For years social media powerhouses have experimented with live video. But the activity remains niche among consumers we surveyed.

Nozomi Ibayashi, Hyegyu Park, Frances Wang, Kevin Osmond and Wil Hathaway 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.