trending Market Intelligence /marketintelligence/en/news-insights/trending/qeqon4fuzkytonf-rm2o_w2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

LeEco to receive $1.4B infusion; NFL scores China streaming deal

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


LeEco to receive $1.4B infusion; NFL scores China streaming deal

TOP NEWS

* Chinese tech firm LeEco, in a disclosure to the Shenzhen Stock Exchange, said it signed an agreement to receive more than 10 billion Chinese yuan, or about US$1.4 billion, from an unidentified strategic investor. Details are still being discussed, but Caixin reports the investment could involve an insurance fund. This comes several weeks after LeEco secured US$600 million from several local investors to aid its cash-strapped businesses.

* The National Football League entered into a partnership with Chinese social media platform Sina Weibo to live-stream its games in China. Under the tie-up, Sina will live-stream the final Sunday Night Football game of the season, three playoff games and the Super Bowl. In addition to streaming games, Sina will also have rights to non-game video-on-demand clips, highlights and other NFL video content.

PAN-ASIAN NEWS

* Indonesian telco PT Telekomunikasi Indonesia Tbk inaugurated the Southeast Asia-Middle East-West Europe 5 submarine cable system, Indotelko reports. The SEA-ME-WE 5 system adds to Telkom's portfolio of submarine cable projects, which include the Dumai-Malacca Cable System, Batam-Singapore Cable System, Asia-America Gateway and Singapore-Japan Cable System.

JAPAN

* Hon Hai Precision Industry Co. Ltd. will turn Sakai Display Products Corp., its Japanese LCD screen joint venture with Sharp Corp., into a subsidiary through an investment of ¥52 billion, according to The Nikkei. Sharp, which was acquired this year by Taiwan's Hon Hai, will see its interest fall to about 26% from the current 40%. Hon Hai, widely known as Foxconn Technology Group, will emerge with a 53% stake.

* Investment pledges by SoftBank Group Corp. are behind the 8,000 jobs that U.S. President-elect Donald Trump says will be generated by Sprint Corp. and satellite startup OneWeb Ltd., Reuters reports, citing the two U.S. firms. The Japanese tech giant, which holds major stakes in both companies, said earlier this month that it would invest US$50 billion and create 50,000 jobs in the U.S.

* NTT Communications Corp. cut nearly 6,000 fixed-line services to a Tokyo telecom firm associated with fraud schemes, Japan's largest cancellation of fixed-line subscriptions over criminal activity, The Yomiuri Shimbun reports. The unnamed company resold phone lines provided by major carriers such as NTT to groups suspected of using them for schemes such as fraudulent bank transfers. NTT Communications is a unit of Nippon Telegraph and Telephone Corp.

SOUTH KOREA

* ENT Factory Co. Ltd., a South Korean talent agency and multichannel networks operator, inked an agreement with Chinese live-streaming platform Douyu to supply media content created by independent streamers, E Daily reports. The company reportedly plans to cooperate more closely with media players in other Asian countries.

* South Korean postal service Korea Post is set to launch an online subscription service for its MVNO plans on Jan. 1, 2017, ZDNet Korea reports. Users can also purchase mobile handsets from the website without visiting a post office.

* SK Telecom Co. Ltd. changed its tailored mobile plans, which allow users to set the amount of data and voice calls covered per month, to go without a contract period while still keeping the discounted rate, ET News reports. With the new setup, users will not be penalized when canceling their plans.

CHINA, HONG KONG AND TAIWAN

* Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Ltd., teamed up with Remark Media Inc. to get artificial intelligence technologies for its developer network. Remark Media will provide its advanced facial recognition and image classification services to Alibaba Cloud's AI-based Robotic Vision Ecosystem Union.

* Taiwanese electronics manufacturer Foxconn Technology Group is looking to fully automate its factories in China. The assembler of Apple Inc.'s iPhone is doing the conversion in three phases: Setting up automated work stations for tasks that are too dangerous for employees; automating entire assembly lines; and full automation of the entire factory.

* Dalian Wanda Group Co. Ltd. has formed Wanda Media as an affinity marketing strategy that is expected to serve advertising clients through its cinema business. The new company will integrate Wanda's global resources including hotels, cinema networks and sporting events.

* Inspur, a server supplier based in Jinan, Shandong province, launched the small-business server M13 to challenge multinationals like IBM Corp., Caixin reports. Inspur's K1 already is used as an alternative to more expensive servers by global brands, with around a 23% share in China's small-business server market.

SOUTHEAST ASIA

* Thai state telcos TOT and CAT Telecom will submit a plan to the State Enterprise Policy Commission for a proposed merger of their respective mobile services, The Nation reports. Col. Sanpachai Huvanandana, president of CAT, said that if the merger is successful, he will submit a formal request to the government for spectrum concession extensions to help launch the new service and ensure long-term competitiveness.

* Thailand's National Broadcasting and Telecommunications Commission will distribute 922 million Thai baht in subsidies to 26 digital TV channels in 2017 to help offset transmission costs, Krungthep Turakij reports. The subsidy will be the first payout from a two-year, 2.5 billion baht fund designed to help accelerate Thailand's digital TV switchover.

* In other NBTC news, the regulator held an emergency meeting to issue pay TV operator TrueVisions broadcasting licenses for new channels following its loss of HBO and Cinemax, Manager reports. The regulator also clarified that TrueVisions will face higher administrative penalties if it drops channels in the future without giving subscribers 30 days' notice, as required by NBTC's consumer protection regulations.

* A "Right to be Forgotten" regulation will come into play in Indonesia, where media and platform owners such as Google Inc. would be required to comply, Indotelko reports. The regulation aims to restore the digital track record of those charged under the Information and Electronic Transaction law who were found not guilty in court, but implementation is still being discussed by the government.

* Indonesian media company PT First Media Tbk converted 1.073 trillion Indonesian rupiah worth of receivables from its subsidiary PT Mitra Mandiri Mantap (MMM) into 1.073 million shares in MMM, Indotelko reports. The action reportedly aims to reduce financial liability and strengthen MMM's capital structure.

AUSTRALIA AND NEW ZEALAND

* News Corp. unit News Corp. Ltd.'s A$36.6 million purchase of Australian Regional Media, the regional newspaper publishing arm of APN News and Media, has been completed, APN said in a statement to the Australian Securities Exchange.

* New Zealand police criticized the growing number of Facebook Inc. pages that alert motorists to checkpoint locations, the New Zealand Herald reports. Steve Greally, national road policing manager, said sharing checkpoint warnings on social media hindered efforts to minimize drunk-driving risks.

INDIA AND SOUTH ASIA

* Bharat Sanchar Nigam Ltd. said it will address accusations regarding a network equipment tender awarded to Cisco Systems. Media reports allege that BSNL's tender to obtain IP-Multiprotocol Label Switching equipment for India's Network for Spectrum project was manipulated so that the contract for 20 billion Indian rupees would go to Cisco.

* Indian public broadcaster Doordarshan will spend 3.2 billion Indian rupees to ramp up its digital terrestrial TV transmission service across the country, Television Post reports. It is already operational in 16 cities, with a plan to add three cities by the end of this fiscal year and 44 more cities in the next two years.

* Bangladesh authorities blocked more than 500 pornographic websites, the International Business Times reports. The Bangladesh Telecommunication Regulatory Commission ordered local internet service providers to stop the sites from streaming such content.

The Daily Dose will not appear Jan. 2 due to the observed holiday for New Year's Day in Hong Kong. The next Dose will be sent out Jan. 3. Please visit our website for the latest news updates, or check us out at www.twitter.com/SNLKagan.

FEATURED NEWS

Briefing Room: 2016's biggest influencers in Asian media, telecommunications: S&P Global Market Intelligence highlights some of the individuals who had an outsized influence on the Asian media and telecommunications landscape in 2016.

M&A Replay: Asia-Pacific deals through Dec. 23: TDK, Reliance, Axiata: S&P Global Market Intelligence provides a biweekly wrap-up of Asia-Pacific media and communications deal announcements, completions and updates from Dec. 12 to Dec. 23.

Hires and Fires: US Media & Comm management moves through Dec. 28: Graham, Professional Diversity: S&P Global Market Intelligence presents a weekly rundown of executive changes in the media and communications industries.

FEATURED RESEARCH

Broadcast Investor: Table of contents for issue No. 616, published December 2016.

Economics of Internet: US e-commerce revenues roll higher in Q3: Relentless growth in the U.S. e-commerce sector showed no sign of easing in the third quarter, with e-commerce pure-plays and brick-and-mortar retailers alike seeing notable gains.

Joji Sakurai, Myungran Ha, Frances Wang, Patrick Tibke and Ed Eduard 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.