The Singapore government stirred debate last year when it announced that influential news websites reporting local affairs must, if asked, register for a license to continue running. This falls in line with current requirements for traditional broadcasters. While critics condemn the move as another act of censorship, the Media Development Authority (MDA) has defended the move because it gives a more “consistent regulatory framework.” Today, the government announced that The Online Citizen (TOC) , an established political news site in Singapore, must also register under the Broadcasting (Class Licence) Notification.
The Communication Workers Union (CWU) has disclosed its knowledge of tentative plans inside Australia Post to outsource the organisation’s end user computing functions. The union today warned that any decision to go ahead with the proposal would cast a shadow over 300 workers that manage end user computing within the organisation’s 1200 strong information, digital and technology unit.
SINGAPORE: Singapore Post (SingPost) and Alibaba Group Holdings have announced on Wednesday (May 27) that the Chinese Internet company will invest S$312.5 million for a 10.35 per cent stake in the national postal service provider. In a statement to the Singapore Exchange today, SingPost said it has agreed to a deal with Alibaba Investment Limited, a wholly-owned subsidiary of Alibaba Group, for the purchase of 30 million existing shares and 190.1 million new ordinary shares as part of the investment.
Business Insider, the US-based news site, is heading to China. BI founder Henry Blodget has announced a partnership with Chinese web titan Tencent (HKG:0700) – the makers of WeChat – whereby selected stories will be translated into Chinese. The new Business Insider Chinese portal is here. The deal might help BI in not losing so much money even after over $30 million in venture capital funding, but I’d say that it’s more significant in what it means for Chinese new media.