On August 14th, astrophysicist and satellite tracker Jonathan McDowell, who’s based at the Harvard-Smithsonian Center for Astrophysics in Cambridge, Massachusetts, Tweeted that a small piece of a Russian rocket (officially Object 48078, 1996051Q) had hit a Chinese satellite (Yunhai 1-02) which was damaged on impact. The Russian Zenit-2 rocket launched back in September 1996 and […]
China’s tough crackdown on certain technology sectors, including Jack Ma’s Alibaba and Tencent, has resulted in Tencent being the world’s worst stock-market performer. Tencent lost 23 per cent of its value in July, wiping out some Rand 2.5 trillion (€143bn) of market value. Nine of the top ten losers in market value during July were […]
The total pay-TV services revenue in China is set to decline at a compound annual growth rate (CAGR) of 0.5 per cent from $32.9 billion (€27.8bn) in 2020 to $32.1 billion in 2025, due to the growing preference for OTT video streaming services and falling pay-TV average revenue per user (ARPU), according to GlobalData, a […]
China’s State Council has made some substantial interventions on internet businesses, and in particular the education sector. The rules for private education companies including a ban on profits, a ban on raising capital or going public with tutoring at weekends and vacation banned for the sector. The fresh rules have severely impacted China-based internet businesses […]
China’s fixed broadband service revenue is poised to increase at a compound annual growth rate (CAGR) of 3.6 per cent between 2021 and 2026 driven by continuous rise in high fibre-to-the-home (FTTH) subscriptions and FTTH average revenue per user (ARPU), according to GlobalData, a data and analytics company. An analysis of GlobalData’s China Fixed Communication […]
iQiyi Sports, the Chinese video platform, has signed a deal to be the exclusive digital broadcast partner of the Premier League in China until the end of the 2024/25 season. The joint sports media venture between marketing firm Super Sports Media and Baidu-owned iQiyi have acquired the rights to all 380 matches per season, with […]
Fortune Business Insights, in a report on the satellite communications (SATCOM) market potential says that the sector will be worth $46.5 billion (€39.4bn) by 2028. The industry is set to gain
A mooted merger between two videogame streamers, Huya and DouYu, has been blocked by Chinese authorities on antitrust grounds. The planned merger, announced by Tencent which wanted to bring together the two businesses in which it held stakes, could have resulted in Tencent controlling some 80 per cent of the Chinese market already worth an […]
Net advertising expenditure in Asia Pacific, calculated after discounts, declined 4.3 per cent Y/Y in 2020, according to the Asia Pacific Advertising Trends 2021 report from Media Partners Asia (MPA). Pandemic-induced macroeconomic uncertainty softened advertiser demand in H1 2020. As economies rebound, recovery is underway with ad spend forecast to exceed $200 billion by end […]
China Media Group (CMG) is alerting broadcasters that it is working with the Beijing Winter Olympics Committee on its plans for TV coverage of the event. Shen Haixiong, head of CMG, said the state broadcaster will employ 4K technology, with 5G transmission and 8K Artificial Intelligence to cover the Winter Olympics and Paralympics. The Beijing […]