Tencent, the South African and Chinese-backed web-giant, says it has fired staff and named and shamed 37 supplier companies in an anti-corruption drive. Tencent Holdings is China’s biggest social media and videogames company, said in a statement February 3rd that it had reported 40 staff to the authorities since it commenced its anti-corruption drive in […]
Cloud gaming will fundamentally change the video games industry over the next ten years, according to data and analytics company GlobalData, bidding farewell to traditional disk-based PC and console games and hefty downloads in the process. Just as video and audio streaming has reshaped the music, film and TV markets, cloud gaming is expected to […]
Tencent is the leading player in merger and acquisition (M&A) activity in the tech, media and telecom (TMT) sector with nine deals of value greater than or equal to $50 million(€41m) worth $6.6 billion in 2020, according to data and analytics company GlobalData. M&A activity declined during the first half of 2020, especially in Q2 […]
A report from Media Partners Asia (MPA) shows that the Asia Pacific online video industry grew revenue by 14 per cent year-on-year in 2020 to reach $30.5 billion (€25bn). SVoD overtook AVoD
2020 has been a record-setting year for worldwide spending on mobile apps and games, which passed $100 billion in a single year for the first time ever in November. This trend continued at Christmas, when consumers around the globe spent an estimated $407.6 million across Apple’s App Store and Google Play, according to preliminary Sensor […]
China’s Alibaba and Tencent groups have each held separate talks with Baidu about acquiring video streaming service iQIYI, according to Reuters. But reports say negotiations have stalled on a valuation of around $20 billion (€16.7bn) by Baidu. Both companies, which have their own video streaming services, are also nervous of heightened scrutiny from China’s antitrust […]
Covid-19 will boost worldwide revenue on content consumed on mobile phones by 28 per cent in 2020 according to Strategy Analytics’ Global Mobile Media Forecast: 2015-2025 report. Stay-at-home guidance issued by governments as result of the pandemic has stimulated an increase in spending within mobile games and mobile apps, as consumers have been forced to […]
Digital giant Tencent has agreed a one season deal to broadcast Premier League football in China after the previous local partner, PPTV, stopped paying when the league was suspended during lockdown. The Premier League thus terminated the contract. The league, which kicked off its 2020/21 season last weekend, confirmed that viewers in China will be […]
This summer, Baidu’s streaming service iQiyi announced its plan to expand towards new markets in Asia-Pacific. The platform was launched in the second half of 2019 in Vietnam and Malaysia and is eyeing other strategic markets in Southeast Asia. Meanwhile, in June, Tencent acquired the Malaysian service iFlix. The latter has been struggling to generate […]
The number of global gross SVoD subscriptions grew by 28 per cent in 2019. The net subscriber count rose by 55 million (16 per cent) in 2019 to total 403 million, according to Digital TV Research. Therefore, gross subscriptions are growing faster than net subscribers. This means