ZDNet — In tech savvy South Korea, YouTube currently reigns supreme, but Naver Corporation, the sprawling conglomerate behind the country’s largest search portal and chat app Line in Japan, vowed to challenge YouTube’s video streaming dominance in 2016. Naver executives took the stage at the Naver Connect 2015 conference last Tuesday to deliver a message best summed up by two keywords: “live” and “mobile”.
China Tech News — Now that Alibaba almost owns China’s top online video site, what does this mean for investors and company management at the acquired business? Announced this week right before the big e-commerce event of Singles’ Day, Chinese e-commerce group Alibaba and Internet video group Youku Tudou jointly announced that the two parties have reached an agreement, under which Alibaba will acquire Youku-Tudou in cash.
Digi Times — Shenzhen-based NxEra, a subsidiary of Foxconn Electronics, has set up a joint venture with a subsidiary of China Central Television (CCTV) for providing IoT-based video services, according to a media report in China. NxEra is a mobile connected cloud platform set up in 2014 focusing on development of IoT technologies for recruitment, logistics, footprint, cash flow, information flow and technology flow applications, according to company data.
Times of India — BEIJING: Billionaire Jack Ma’s Chinese e-commerce giant Alibaba has announced an estimated $4.8 billion deal to take over video streaming service Youku Tudou as it seeks to spread its online empire. Alibaba is snapping up Youku Tudou, China’s equivalent to YouTube, in the latest of a string of acquisitions as it sets its sights far beyond its core eBay-style transactions business.
India Times — BEIJING: Chinese internet and technology MNC Letv – which has just launched the world’s biggest 120″ tv – says it sees India as a “great internet power” in the coming years and that it would make its contribution to Indian Prime Minister Narendra Modi’s ‘Digital India’ mission.
Yibada — LeTV is set to make a gradual introduction of all its products that include smartphones, TVs and cloud computing to the Indian market in the first half of 2016, Jia Yueting, founder and CEO of LeTV Holdings Co. The company is planning to establish another 200 nodes in India and open cloud platform, user interface design as well as mobile application design to users and developers in India, Jia said.
Tech in Asia — Alibaba today announced it has proposed to acquire China’s top video site company, Youku Tudou. It runs the Youku and Tudou sites, which combine user-generated content with licensed movies and TV series. Alibaba’s buy-out of Youku values the video site at about US$4.2 billion, according to earliest calculations. No official figure is provided by Alibaba today.
Want China Times — US on-demand internet streaming video provider Netflix is reportedly set to team up with Chinese conglomerate Wanda Group, which owns Wanda Cinemas as well as AMC Entertainment, to expand business in the Chinese market, the Guangzhou-based 21st Century Business Herald reports.
Times of India — MUMBAI: Tata Teleservices is applying to liberalize its CDMA airwaves in at least four circles, a possible first step towards a spectrum trading pact with Telenor’s Indian arm which needs to offer 4G services to stay relevant in the country’s competitive highspeed data market. The Tata Group company has written to the telecom department (DoT) to liberalize airwaves in Andhra Pradesh and Delhi service areas by paying the market, or auction-determined, price for spectrum and is planning to do the same for Mumbai and Maharashtra, said three people familiar with the details.
Want China Times — China’s internet TV craze has just attracted another convert with the debut of Whaley TV on Aug. 13. “Whaley TV envisions becoming a platform for promoting Chinese culture” said Li Ruigang, founder and chair of Whaley Technology, which runs the new internet TV division, according to Tencent’s tech news web portal.
Want China Times — Software and IT services sales in China surged in the first five months this year, evidence that consumption pertaining to technology and internet is increasing economic growth, said China’s top economic planner. The two sectors witnessed a 17.1% increase in sales revenue from a year earlier to 1.59 trillion yuan (US$260 billion) during the January-May period, the National Development and Reform Commission (NDRC) said Monday.
Telecom Asia — It’s official: Netflix Japan will start streaming on September 2. Netflix Japan has set up an official landing page, as well as accounts onTwitter, Facebook and YouTube announcing the official launch date. Netflix announced plans to enter Japan earlier this year, but hadn’t specified when it would kick off services. The OTT player already offers services in around 50 countries, and also plans to expand into Italy, Portugal, Spain, and Iceland later this year.
PRNewswire — LONDON: Pay TV revenues in the Asia Pacific region (22 countries) will grow by $10 billion between 2014 and 2020, according to Digital TV Research. The Digital TV Asia Pacific Forecasts report estimates that pay TV revenues will reach $41.52 billionby 2020. Cable TV will remain the highest pay TV earner, with revenues at $23 billion by 2020. Digital cable TV revenues will grow by 63% between 2014 and 2020 to $22.54 billion, with analog cable TV falling from $6.20 billion to $0.56 billion.
Times of India — HYDERABAD: Chinese tech startup Xiaomi Corporation on Friday announced that it expects to launch its ‘Mi Box’, that converts a TV into a smart device, in India by the end of this year following which it will also roll out its ‘Mi TV’. “Our focus is not just phones but also on introducing new categories in India…something around TV and the routers etc.
Vietnam Net — Small cable television channels fear they will be eliminated in the fierce competition between TV and telecom enterprises. Modern technologies allow telcos and televisions to provide services on the same transmission line. Instead of specific transmission lines for every kind of service, customers can use many different services, including HD TV for more than one television set and internet and voice calls.
IT Web — NBN will give developers the opportunity to ditch aerial cables for free-to-air television in their greenfields developments by offering the infrastructure through fibre. The national network builder today revealed it was working on a TV infrastructure offering for new developments, which it is planning to make available in the first quarter of next year. NBN would charge for the service on top of the fees it levies on developers to connect their apartment blocks and estates with fibre.
Lenovo Group’s television unit will likely cooperate with Alibaba Group to jointly set up a joint-venture firm with other investors, and will introduce a brand-new smart television brand “17” beginning on May 20, our sister paper Want Daily reports, citing Chinese online media outlet Jiemian.com. Via the cooperation, Lenovo aims to transform itself in terms of internet operations, while keeping its existing supply chains and reputation as a renowned hardware manufacturer, according to an unnamed Lenovo executive.
TAIPEI, Taiwan — Taipei City’s Department of Labor (DOL, 勞動局) said yesterday that they will look into Yahoo Kimo (Yahoo奇摩) and China Television Company Ltd.’s (CTV, 中國電視事業股份) mass layoffs, which are estimated to lead to the loss of at least 100 positions. DOL chief Ye Chien-neng (葉建能) said they have yet to receive notice about CTV’s dismissal proposal, however, they plan to send officials to better understand the matter.
In the wake of continued slow sales of its LCD and smartphone products, Sony is expected to lower the sales ratio of low-margin products and thus will adjust its outsourcing policy, a move which will affect Taiwan-based ODM/OEM partners, including Foxconn Electronics, TPV Technology and Arima Communications, according to industry sources.
NEW DELHI: Indian cellphone major Micromax, which recently ventured into the television market, said that its large screen ultra high-definition (UHD) range will be available for consumers exclusively via e-commerce portal Flipkart. According to the online seller who is bullish over the tie-up, UHD range of televisions (TV) is drawing “tremendous growth” in consumer’s interest.