Variety — China’s media regulator Monday called for the country to accelerate the growth of competitive media conglomerates. The State Administration of Press Publication, Radio, Film and Television said that the integration of different media “falls short of central authorities’ requirement and public expectation,” and set a target of 2020 for improvement, reported state news agency Xinhua.
Tech in Asia — China, with its 688 million internet users, is about to hit another major milestone in its shift to digital. This year, the amount of time that adults in China will spend with digital media every day will surpass the time they spend with traditional media for the first time, according to new data from eMarketer. Yes, the internet is about to overtake TV, radio, and print combined.
Re/code, the tech blog that’s home to All Things D emigres Kara Swisher and Walt Mossberg, is now available in Chinese. This comes as part of an exclusive partnership with web giant Tencent, which now has a Chinese-language Re/code site as part of its Tech QQ portal. See it here. The deal was announced on both Tech QQ and Re/code, but the terms of the deal are not disclosed.
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.