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Telstra halts sale of ZTE devices; China's Huya prices IPO in New York


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Telstra halts sale of ZTE devices; China's Huya prices IPO in New York


* Australian telco Telstra Corp. Ltd. halted the sale of Telstra-branded ZTE Corp. mobile devices and other ZTE mobile broadband devices, following the U.S. decision to ban U.S. companies from supplying device components and software to the Chinese device maker, which, in turn, is preventing ZTE from manufacturing devices for Telstra's range of phones.

* German car manufacturer Daimler will join Japanese banks MUFG, Mizuho and Sumitomo Mitsui Banking Corp., as well as Oracle co-founder Larry Ellison and Bahrain's sovereign wealth fund to fill the US$7 billion needed to reach SoftBank Group Corp.'s US$100 billion Vision Fund goal, people briefed on the negotiations told London's Financial Times.

* Chinese game-streaming platform HUYA Inc. priced its initial public offering on the New York Stock Exchange at $12 per share, the upper-end of its expected range, Reuters reports, citing a source with knowledge of the matter. The YY Inc.-controlled company offered 15 million American depositary shares.

* The multiple partnerships China's Weibo Corp., the microblogging platform of SINA Corp., has with media outlets across China contributed largely to the company's rapidly growing profits and user growth. Weibo CEO Gaofei Wang said the Chinese social media platform added 70 million monthly active users year over year and reached 411 million users in March, with mobile users representing 93% of overall MAUs.


* Samsung Group faced new regulatory pressure as South Korea's antitrust chief called the company's ownership structure unsustainable, Reuters reports. Kim Sang-jo, the Korea Fair Trade Commission chair took aim at the circular shareholdings between Samsung Electronics Co. Ltd., Samsung C&T Corp. and Samsung Life Insurance Co. Ltd., urging Samsung Group heir Jay Y. Lee to make a decision regarding the ownership structure, which critics believe has allowed his family to keep control of the businesses with little investment.

* KDDI Corp. is looking to invest ?200 billion in overseas operations, acquisitions and other services this year, The Nikkei reports. The Japanese telecom giant will expand its telecom offerings in Southeast Asia and develop new services for Japan such as e-commerce and finance.

* Kakao Japan Corp. raised a total of about ?10 billion through a private equity placement with its parent company Kakao Corp. and its unit Podotree Inc. The company plans to allocate funds to strengthen the content offering of its animation app Piccoma as well as its new video streaming app Piccoma TV, which is scheduled to launch this summer.

* NTT Docomo, a unit of Nippon Telegraph and Telephone Corp., said that it would form a capital alliance with All About Inc. to collaborate on marketing solutions and media business development.

* NTT Plala Inc., an internet service provider unit of Nippon Telegraph and Telephone, agreed to form a business alliance with East Group Holdings Inc., a Tokyo-based TV program and video content developer. The two companies will collaborate on the creation of original programming and content for smartphones.

* Japanese entertainment conglomerate Avex Inc. formed a joint venture, called mee Inc., with Tokyo-based IT company Metaps Inc. With the tie-up, the two parties will collaborate on the development of digital content.

* Tokyo Broadcasting System Television Inc. named Takashi Sasaki as its new president, effective June 28, replacing Shinji Takeda, who will become the chairman.


* The number of IPTV subscribers exceeded that of cable TV subscribers for the first time in South Korea. According to the report released by the Ministry of Science and Information and Communication Technology, the number of IPTV subscribers as of the end of November last year amounted to 14.22 million, while there were 14.09 million subscribers for cable TV service.

* Kakao Corp. recorded a revenue of 555.4 billion Korean won in the quarter ended March 31, which is up by 25% from the year-ago period, thanks to a strong performance in the ads and content businesses, while reporting 10.4 billion won in operating profit, a decline of 73% from the same period last year, citing significant investment growth in new businesses, such as Kakao Mobility, Kakao Pay Corp., AI and Piccoma.

* In other Kakao news, the company's mobile game unit Kakao Games Corp. applied for preliminary examination for KOSDAQ listing, Yonhap News Agency reports.

* SK Group's internet service unit SK Broadband will launch the country's first commercial 2.5Gbps internet service. Utilizing Gigabit-Passive Optical Network technology, the new service is 2.5 times faster than the current internet service.


* Iqiyi Inc. inked a three-year exclusive output deal with U.S.-based independent film production company FilmNation Entertainment LLC, giving the Baidu Inc.-owned online video platform exclusive video-on-demand rights to all FilmNation films for the next three years in mainland China.

* Huawei Technologies Co. Ltd. will start offering's bitcoin wallet in its AppGallery on May 11, enabling Huawei mobile phone users to download bitcoin wallets on their devices, Bloomberg News reports, citing Alejandro de la Torre,'s vice president of business operations.

* Chinese digital video broadcasting system provider AVIT Ltd. reached partnership deals with 10 radio and TV broadcasters to develop virtual reality in broadcasting. Guangdong CableTV Network Co. Ltd., Guangxi Radio and TV Network, Wasu Digital TV Media Group Co. Ltd., China Cable Network Co. Ltd., Shandong Cable TV and five other cable network companies will work with AVIT to broadcast panoramic and virtual reality videos through traditional cable network and hardware.

* Smartphone producer OPPO Electronics Corp. said it will launch 3D face recognition for commercial use in six months, Tencent News reports. The company has also demonstrated a 5G video call using structured-light 3D technology, reports.

* A drone was sent to shoot a 4K HD video with a 360-degree panoramic view and transmit through the 5G network in Shanghai as an external field comprehensive test of the network, Xinhua News reports. Shanghai Municipal Commission of Economy and Informatization says the city will complete the 5G-based new generation information infrastructure in 2020.


* Inc.'s Prime Video service in India added new Indian and international content to its platform, such as the Amazon Prime Original "The Remix" and the newly released thrillers "Pari" and "Hate Story 4," Television Post reports.

* The Consumer Complaints Council of Advertising Standards Council of India upheld 193 misleading ads in February, which include ads from ANI Technologies Pvt. Ltd., also known as Ola, and Vodafone Group PLC's Vodafone India, Press Trust of India reports.


* Singapore-based Bridge Data Centres (International) Pte. Ltd. bought two data center companies in Malaysia from Malaysian sovereign wealth fund Permodalan Nasional Bhd. The value of the acquisition is not disclosed but the data centers, dubbed MY01 and MY02, currently serve local and global blue-chip clients from various industries.

* London-based One Horizon Group Inc. entered into a term sheet that comprises the main provisions of definitive agreements that would allow it to buy a majority stake in Singaporean B2B software provider Banana Whale Studios Pte. Ltd.

* Singaporean internet provider company MyRepublic Ltd. partnered with U.S.-based cloud computing company Cisco Meraki, a Cisco Systems Inc. unit, to launch MyRepublic Connected Business. The new initiative provides an end-to-end networking solution for retail, food and beverage, and hospitality companies.

* Indonesian telco operator Telkomsel struck a partnership with PT Bank Tabungan Negara (Persero) Tbk, or BTN, to provide financial services via mobile phones, reports. Through this partnership, BTN aims to provide housing loans and micro finances through mobile by using Telkomsel's mobile financial service T-cash.

* Thai mobile operator True Move H Universal Communication Co. Ltd. is urging the National Broadcasting and Telecommunications Commission to postpone the 1800 MHz spectrum auction by three months, the Bangkok Post reports. The True Corp. unit reportedly needs that time to raise funds for the reserve price of 37.45 billion baht.

* NBTC Secretary General Takorn Tantasith has been given the power to immediately suspend advertisements that the Thai regulator deems illegal or misleading to customers, Thairath reports. The previous process would typically take 40 to 60 days.

* Southeast-Asia ride-hailing application operator GrabTaxi Holdings Pte. Ltd. plans to launch its services in the resort town of Hua Hin in Southern Thailand on May 17, The Nation reports.


* Telstra secured a five-year mobile rights and sponsorship agreement with the Football Federation of Australia, which includes live mobile rights for football until 2023.

* News Corp. subsidiary REA Group Ltd., a provider of advertising services to the real estate industry in Australia and Asia, has agreed to acquire Hometrack Australia Pty. Ltd. for A$130 million in cash.


Washington Watch: FCC divided on how many players needed in U.S. wireless market: As the Federal Communications Commission prepares to review the proposed merger of T-Mobile and Sprint, comments from current and former commissioners indicate stark divisions over how to think about wireless competition.

Upfronts 2018: Telemundo offers single commercial break in 1st part of dramas: The 60-second ad break is available across the network's top-rated, prime-time shows. Telemundo executives also said the Spanish-language broadcaster has sold out 90% of its inventory for the 2018 FIFA World Cup.


Wireless Investor: 5G subscribers, covered pops projections through 2028: The U.S. is expected to offer its first commercial 5G services by the end of the year, and to help us forecast the 5G ramp, we have reviewed the 2010-2015 4G (LTE) adoption.

Consumer Insights: Comcast X1 users embrace streaming from all sources: Netflix and voice search are top features used among Comcast's X1 platform users.


NTT Data reports lower full-year profit despite strong sales: The Japanese IT consulting firm posted net income of ¥58.17 billion, or ¥41.48 per share, in fiscal 2017.

Nvidia quarterly profit surges on strong gaming revenue: The visual computing company reported net income of $1.24 billion, or $1.98 per diluted share, in the first quarter.

Nozomi Ibayashi, Nicole Shiwon Kim, Emily Lai, Ed Eduard and Wil Hathaway contributed to this report. The Daily Dose has an editorial deadline of 7 a.m. Hong Kong time.
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