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China defends cyber law; Singapore's MyRepublic seeks backing for M1 bid

TOP NEWS

* The Cyberspace Administration of China said its cyber law, effective June 1, is not intended to "restrict foreign enterprises" but to "safeguard" China from cyberattacks and threats to national security, Reuters reports. More than 50 business groups and companies have reportedly lobbied against the law.

* MyRepublic is interested in acquiring another Singaporean telco, M1 Ltd., The Strait Times reports. MyRepublic reportedly has been seeking financial support to back its planned offer for M1.

* Twitter Inc. will livestream the inaugural "League of Legends: League of Origin" tournament globally on the microblogging website and connected devices. The tournament will take place at the ESL Studios in Sydney from June 3 through June 4.

PAN-ASIAN NEWS

* Researchers at U.S. intelligence company Flashpoint said fluent Chinese-speaking hackers could have created the WannaCry ransomware cyberattack, which hit institutions in 150 countries, London's The Daily Telegraph reports.

JAPAN

* Western Digital Corp. is not backing out of its plan to take Toshiba Corp. to arbitration, The Financial Times of London reports, citing a lawyer's letter. The statement comes after it was earlier reported that Toshiba will be keeping part of its memory chip unit's assets in-house in order to settle its dispute with the U.S.-based chipmaker.

* Toshiba also flagged that it will not be able to submit audited full-year business results for the year ended March when it holds its annual general meeting on June 28 on account of a disagreement with auditor PricewaterhouseCoopers Aarata over the write-down at its now-bankrupt Westinghouse nuclear unit. The Japanese conglomerate said that it aims to report audited results at an extraordinary shareholders meeting to be held later.

* Bloomberg Media Group inked a video content agreement with Yahoo Japan Corp., Mobile Marketing reports. The deal involves the appearance of subtitled Bloomberg video content on Yahoo Japan, which is reportedly Bloomberg's first foray into localized Japanese-language video and also Yahoo Japan's first venture into business video content.

* Alphabet Inc. unit Google Inc. rolled out its YouTube Kids video-on-demand platform in Japan, Impress Watch reports. YouTube Kids, which features educational videos and popular children's anime programs, was launched in South Korea earlier this month.

* Nintendo is said to be looking to make about 20 million Switch consoles in the year ending March 2018 but may have to compete with smartphone makers such as Apple Inc. over parts with the industry facing a capacity shortage, The Wall Street Journal reports, citing industry sources.

* NTT Communications Corp. subsidiary NTTPC Communications Inc. collaborated with a Silicon Valley-based innovation center for NTT Group and a South African Internet Protocol Service provider Internet Solutions to introduce the CloudWAN service for enterprise customers in South Africa and Japan starting June. The service helps reduce setup and service costs of network products and apps with easier device management as a service on a single appliance.

* SoftBank Group Corp.'s former Vice President Nikesh Arora earned ¥10.3 billion or US$93 million in cash and stock in the year ended in March, making him Japan's highest-paid executive, SoftBank told its shareholders. The biggest chunk of the payment was a ¥8.8 billion severance package. Additionally, the group purchased the shares of associated companies from Arora, who stepped down last June, for ¥10.7 billion.

SOUTH KOREA

* A South Korean lawmaker, Oh Se-jung, is preparing to propose a revision to the telecommunications business act to make it mandatory for global telecom players operating in South Korea to report domestic financial gains to the Ministry of Science, ICT and Future Planning, Digital Times reports. The move is aimed at preventing multinational companies from avoiding taxes.

* Samsung Electronics Co. Ltd. is making a white paper on the Galaxy Note 7 explosion that led the company to discontinue to the model, including incident reports, investigation process and subsequent corporate actions, along with its battery pack provider Samsung SDI Co., Ltd., Chosun Biz reports. The whitepaper is likely to be made for internal use only.

* SK Telecom Co Ltd. successfully demonstrated its underwater communications technology to transfer text messages and image data at 20-second intervals from 25m below sea level and 10km off the coast of Incheon, Financial News reports. The technology uses sound waves to capture LTE frequency bands. The South Korean telco and Hoseo University will start establishing a test bed in the West Sea of Korea in October with an aim of connecting the underwater network with the land network by 2021.

* KT Corp. started developing a voice recognition-enabled artificial intelligence service for automobiles, tentatively called GiGA Genie Car, ET News reports. The company plans to install the service in newly released vehicles in the second half of 2017 or the first half of 2018.

CHINA, HONG KONG AND TAIWAN

* Yuanfudao, an online tutoring company, has raised US$120 million in a funding round led by private equity firm Warburg Pincus and participated by existing backer Tencent Holdings Ltd., according to Reuters.

* Chinese online-only insurer Zhong An Online Property and Casualty Insurance will continue its plan to raise US$1 billion or more in an IPO in Hong Kong in the second half of 2017, Reuters reports, citing two people close to the matter. Shanghai-based Zhong An's major shareholders include Tencent and Alibaba Group Holding Ltd. affiliate Ant Financial.

* The former chairman of China Telecom Corp Ltd., Chang Xiaobing, has been given a six-year prison sentence over corruption charges, the South China Morning Post reports. The Intermediate People's Court of Baoding City in China's Hebei province also fined Chang 500,000 Chinese yuan. Chang reportedly gave back all his illegal gains after pleading guilty of receiving bribes.

* Baidu Inc. partnered with German automotive manufacturer Continental to co-develop self-driving vehicles and connected cars. Baidu previously had a two-year partnership with BMW to develop self-driving cars, but the partnership ceased in November 2016.

* Alibaba's logistics arm Cainiao Network started operation of its warehouse in Paris for faster delivery services between Europe and China, China News reports. With this warehouse, European customers will be able to receive their parcels from China bought at Alibaba's AliExpress within 72 hours, compared with the previous 26 days.

* Nvidia Corp will partner with major server makers in Taiwan to develop artificial solutions for cloud computing, Digitimes reports. The partnership will allow the server makers, including Foxconn and Inventec, an early access to Nvidia's HGX reference architecture and GPU computing technologies.

SOUTHEAST ASIA

* Philippine telcos PLDT Inc and Globe Telecom Inc have settled the last tranche of payment for its 69.1 billion Philippine peso joint acquisition of San Miguel Corp.'s telco assets, BusinessWorld reports. This is despite a pending petition from the Philippine Competition Commission before the Supreme Court to lift a Court of Appeals order to block the regulator from reviewing the deal.

* Thailand's National Broadcasting and Telecommunications Commission signed a memorandum of understanding with Russia's Ministry of Telecommunications and Mass Media on strategic knowledge exchange for cybersecurity, international roaming fare reduction and broadcasting content, Krungthep Turakij reports.

* Thailand's NBTC has enforced the new regulation requiring an individual's fingerprint to register a SIM card, Matichon reports.

* StarHub Ltd. launched a new service which allows its mobile customers to share their local data bundle across multiple mobile lines, according to the company's press release. The feature will only be available for mobile lines within the same billing account.

* TIME dotCom Berhad, a Malaysian telco, announced a 24.7% year-over-year increase in first-quarter revenue to 218.4 million Malaysian ringgit. Time also said it is expecting the completion of its 49% acquisition of Thailand's Symphony Communication Public Co. Ltd. by year-end.

AUSTRALIA AND NEW ZEALAND

* Australian Broadcasting Corp. commissioned a preschool series that has begun production in Sydney and has received funding from Screen Australia. The show, "Justine Clarke's Ta Da!," will be broadcast on ABC KIDS and will be available on-demand via ABC KIDS iview later this year.

* SKY Network Television Ltd.'s Christchurch offices have been placed on the market for sale. According to Scoop Business, the commercial space is being marketed for sale through real estate company Bayleys Canterbury.

* U.K.-founded digital media company TotallyAwesome is launching operations in Australia and New Zealand and has hired a former Dentsu Aegis Network executive Melissa Roberts to lead the expansion, B&T reports.

INDIA AND SOUTH ASIA

* Huawei Technologies Co. Ltd. is in discussions with top Indian telcos for the deployment of narrowband internet of things technology, The Economic Times of India reports.

* Bharti Airtel Ltd. is seeking for the cancellation of Reliance Jio Infocomm's license in Jammu & Kashmir in India, The Economic Times reports. According to Airtel, Jio classified 95% of its subscribers in the state as postpaid subscribers even though they were prepaid. Airtel has alleged that the misreporting could jeopardize the government's move to block telecom services to prepaid customers. Jio has rejected the allegations.

* Republic TV has filed a contempt petition against Bennett Coleman & Company Ltd. in the Delhi High Court for allegedly violating court orders that prohibited both parties from reporting about the proceedings, Television Post reports. Republic TV claims that BCCL published an article in their newspaper Times of India and website that pertained to case proceedings and that it gave the impression that BCCL obtained an interim relief from the court.

* New Delhi Television Ltd will be part of a group demonstrating an installation of a cross-track digital video and information system within the Delhi Metro Rail system by Australia-headquartered international transit technology company XTD Ltd., Television Post reports. The XTD screen system, after the demonstration, is expected to be extended to broader sections of the Delhi Metro.

FEATURED NEWS

The Daily Dose: Apple sets debut date for karaoke show; WOW! IPO raises questions for Altice USA: Kathy Griffin apologized for a photo shoot that depicted her holding a decapitated head of the U.S. president, while WideOpenWest Inc.'s IPO did not go as expected, raising questions for Altice USA, Inc. as it plans its own IPO later this year.

Cannes 2017: China, Asia take lion's share of new businesses at Cannes: S&P Global Market Intelligence provides a three-part roundup of key industry news announced at the annual Cannes Film Festival, which took place May 17-28 in Cannes, France. Today, part 2: Asia-Pacific.

The Daily Dose Europe: Vivendi-Telecom Italia deal approved; Capita, Vodafone drop pager deal: The European Commission approved Vivendi SA's proposed takeover of Telecom Italia SpA, while Capita plc's planned buyout of Vodafone Group Plc's pager business will not push through.

JD.com elevates drone delivery efforts targeting rural China: The Chinese e-commerce giant plans to develop a heavy-duty drone as it and other companies around the globe explore the technology in search of a competitive edge.

FEATURED RESEARCH

Global Multichannel: Media execs talk future of linear TV at BroadcastAsia 2017: As multi-device viewing is becoming the norm in a time of digital disruption, the future of linear television was a main point of discussion during the BroadcastAsia 2017 International Conference held May 23-25 in Singapore.

Nozomi Ibayashi, Myungran Ha, 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.