China


TikTok rival Kuaishou to raise upwards of US$5.1bn in Hong Kong IPO

Tencent-backed Chinese TikTok rival Kuaishou, which can lay a claim to be the world’s second largest short-form video sharing platform, is planning to raise at least HK$39.5 billion (US$5.1 billion or €4.2 billion) through an IPO on the Hong Kong exchange. The IPO is expected to be given a price this Friday ahead of share-trading […]

Alibaba and Tencent interested in buying iQIYI but wary of costs and regulations

Alibaba and Tencent have both held separate talks with Baidu over buying a controlling stake in VOD platform iQIYI, claims a new report. According to sources cited by Reuters, both giants are interested in increasing their empires by adding the Chinese Netflix equivalent, but have reached an impasse over pricing and regulatory scrutiny. TikTok owner […]

Taiwan to block sales of Chinese streamers like iQiyi and Tencent Video

Streaming services are set to be the latest arena for the ongoing dispute between Taiwan and China. China has historically claimed Taiwan to a sovereign Chinese territory, but this has been refuted by Taiwan and its population. As such Taiwan is a self-governing democracy, but there are mounting fears in the 24 million-strong country that […]

Pressure grows on Ofcom to ban Chinese state-owned news network from airwaves

Ofcom is under increasing pressure to remove China Global Television Network (CGTN), the state-owned broadcaster, from the UK. This comes after the broadcaster has been accused of breaching impartiality rules and airing forced confessions. The former was brought into prominence last month when the regulator found that CGTN had broadcast a forcibly obtained confession from […]

Dugout takes European football content to China with PP Sports

Dugout, a content partnership between leading European clubs, has struck a video content partnership with Chinese digital platform, PP Sports to meet growing demand for football content from fans in China. With football leagues across much of the world currently suspended, Dugout, which is co-owned by clubs A.C. Milan, Arsenal, Barcelona, Bayern Munich, Chelsea, Juventus, […]

Tencent to take 10% stake in Vivendi’s music arm, with more likely

French media giant Vivendi has signed its deal with a consortium led by China’s Tencent giving the latter a 10% stake in Vivendi’s most successful operating unit, Universal Music Group (UMG). The deal, which gives UMG a total enterprise value of €30 billion, also gives the consortium an option to acquire an additional stake of […]

Chinese iQIYI Sports lands La Liga rights

Chinese OTT platform iQIYI Sports has acquired exclusive La Liga rights for the 2019/20 season in the country.  Users will be able to stream all 380 matches of the Spanish football season along with enjoying original content on match information, match highlights and behind-the-scenes footage. The platform, launched in August 2018, is a joint venture […]

Tencent and NBA renew China deal

The National Basketball Association and Chinese giant Tencent have announced a five-year expansion of their existing partnership. The deal will see Tencent provide extensive NBA coverage on its platforms through the 2024-25 NBA season, including live NBA games, NBA programming and interactive fan experiences. Tencent is currently the NBA’s largest partner outside the US, and […]

Ampere: three of world’s top five SVOD providers are Chinese

Three of the top five SVOD services by subscriber numbers are now Chinese, according to a report by Ampere Analysis. According to Ampere, Baidu-backed iQiyi, Alibaba’s Youku-Tudou and Tencent-owned Tencent Video collectively achieved rapid growth following a shift from advertising revenues to premium subscriptions. According to the analyst outfit, 44% of Chinese internet users subscribe […]