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In This List

Alibaba's Hong Kong IPO, M&A deals; SoftBank's US$20B loan; reprieve for Huawei

OTT Winners, Losers In The Age Of COVID-19

After Growing In 2019, Latam FTTP Market Might Slowdown In 2020 Due To COVID-19

Another Outcome Of COVID-19: Olympics Postponed

COVID-19 Crisis: Legacy TV Universe Strategic Analysis


Alibaba's Hong Kong IPO, M&A deals; SoftBank's US$20B loan; reprieve for Huawei

TOP NEWS

* Alibaba Group Holding Ltd. is considering postponing its planned listing in Hong Kong due to protests that closed the local airport for two days, the New York Post reported, citing sources. The company has reportedly been preparing to list its shares on the Hong Kong Stock Exchange in September.

* Alibaba Executive Vice Chairman Joe Tsai is buying the remaining 51% stake he does not already own in National Basketball Association Inc.'s Brooklyn Nets and the Barclays Center arena, Bloomberg News reported. A person familiar with the transaction said that Tsai is paying a total of about US$3.5 billion for the acquisition.

* In more Alibaba news, the company will buy NetEase Inc.-owned cross border online shopping platform Kaola for about US$2 billion, Financial Times reported, citing people familiar with the matter.

* SoftBank Group Corp. is planning to lend up to US$20 billion to employees to invest in its second massive venture capital fund, The Wall Street Journal reported, citing people familiar with the matter. Executives at the company believe the strategy would give employees more accountability and show outside investors its commitment to the fund.

* The U.S. Commerce Department plans to give Huawei Technologies Co. Ltd. another 90 days to buy supplies from American companies to minimize disruption for its customers, Reuters reported, citing two sources familiar with the situation. Huawei was initially given until Aug. 19 to purchase supplies from U.S. companies.

JAPAN

* The Japanese government is accelerating the country's transition to 5G communications with an eight-fold increase in budget for regional fiber optic networks, Sankei Shimbun reported. Japan's budget for regional optic fiber lines is rising to ¥5.2 billion from ¥670 million. The government also intends to increase financial support for private enterprises in fiber optics.

* Rakuten Mobile Inc., the mobile arm of Rakuten Inc., was instructed by Japan's communications ministry to accelerate its rollout of base stations ahead of the scheduled launch of its mobile services on Oct. 1, The Japan Times reported.

SOUTH KOREA

* The South Korean government recommended Samsung Electronics Co. Ltd. and the country's top three mobile operators – SK Telecom Co. Ltd., LG U+ and KT Corp. – to launch LTE models of the 5G-ready Galaxy Note 10 smartphone, ET News reported. The government expressed its concern that only providing 5G models will strip consumers of their right to choose.

* Preparation is on for the September launch of Wave, the resulting over-the-top service from the merger of SK Telecom's mobile media platform Oksusu and video service POOQ, which is jointly operated by Munhwa Broadcasting Corp., Seoul Broadcasting System and Korean Broadcasting System, Digital Daily reported.

CHINA, HONG KONG AND TAIWAN

* Huawei plans to launch a mapping service called Map Kit in October, Telecompaper reported, citing Tdaily.ru. The company is teaming up with Russia's Yandex NV and U.S.-headquartered Booking Holdings Inc. to develop the application.

* Samsung will stop running its Samsung Video platform in China from Dec. 31, 36Kr reported. All existing users of Samsung Video will be asked to move to iQIYI Inc., the streaming platform owned by Baidu Inc.

* Tencent Holdings Ltd. and JD.com Inc. made a joint investment in Autostreets Development Ltd., a platform that sells used vehicles. Financial terms of the transaction were not disclosed.

* Chinese artificial intelligence startup AInnovation could pursue a public float in less than two years at a valuation of as much as US$2 billion, Bloomberg News reported. The company would most likely list on the Star market or on the ChiNext.

INDIA AND SOUTH ASIA

* Indian video and image-sharing app ShareChat secured US$100 million in a series D funding round led by Twitter Inc., TechCrunch.com reported, citing a company statement. The funding reportedly values the company at about US$650 million.

* Cisco Systems Inc. has let go of "a few tens" of its more than 11,000 employees in India as part of a global realignment, The Times of India reported.

SOUTHEAST ASIA

* Kaspersky Lab ZAO opened its first Transparency Center in the Asia-Pacific region in Cyberjaya, Malaysia, New Straits Times reported. The center will provide the Russian cybersecurity company's partners and government stakeholders with access to the source code of Kaspersky's solutions.

* The Malaysian Communications and Multimedia Commission said that it has issued 107 compounds amounting to 3.83 million ringgit to telecom operators for various offenses such as non-compliance over user registration guidelines of prepaid public cellular services, general consumer code and mandatory standards as of July 31. The highest number of compounds, valued at 750,000 ringgit, was issued to YTL Communications Sdn. Bhd.

* Thailand's National Broadcasting and Telecommunications Commission made the first reimbursement of 1.02 billion baht to digital TV stations Spring 26, Spring News Television Co. Ltd. and Bright TV Co. Ltd. for returning their operating licenses, Sanook reported.

* LINE Corp.'s Thailand unit and GMM Grammy PCL launched LINE Melody, a service for calls made on the LINE app, Krungthep Turakij reported. Calling melody lets a caller hear a popular tune while waiting for the call to be picked up.

AUSTRALIA AND NEW ZEALAND

* Seven West Media Ltd. CEO Tim Worner stepped down from his position, with Chairman Kerry Stokes saying "now is the time for change." The company appointed James Warburton, former managing director and CEO of APN Outdoor Group Ltd., to replace Worner effective immediately. Warburton was also named managing director of Seven West Media. Worner's leadership at Seven was tainted by his affair with a former executive assistant and the court action that followed, according to ABC News.

* New Zealand broadcaster SKY Network Television Ltd. struck a deal to acquire Ireland-based online rugby network RugbyPass Ltd. for US$40 million. Following the deal's completion, RugbyPass will operate as a wholly owned subsidiary of Sky.

* Accenture PLC agreed to acquire Analytics8 LP, a privately held big data and analytics consultancy company in Australia, for an undisclosed amount. The company's Melbourne and Sydney-based team of 70 professionals will become part of Accenture Applied Intelligence.

FEATURED NEWS

ViacomCBS to build on international streaming, content opportunities: Analysts said cross-platform and spending dynamics could result in added global clout for reunited company.

Data Dispatch: 'Angry Birds' swoop down on 'Good Boys' as summer season draws to a close: The hot season is waning as studios drop five debut films, but none of the titles are expected to reach blockbuster status.

FEATURED RESEARCH

Economics of Internet: State of South Korean OTT video: subscription: We estimate the Korean subscription over-the-top video market will continue to grow at an approximate 19% CAGR between 2019 and 2023 in both subscriptions and revenue.

Joji Sakurai, 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.