Tencent


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 […]

Huya and DouYu confirm merger to create US$11 billion Twitch rival controlled by Tencent

Game streaming platform Huya has announced an all-share deal to buy competitor DouYu in a move which will create an esports empire worth more than US$11 billion. The move will merge China’s two biggest competitive esports platforms, and confirms a deal initially proposed by mediator Tencent in August. Tencent currently owns 38% of DouYu, and […]

Premier League secures stop-gap deal in China with Tencent Sports

The English Premier League has signed a broadcast deal in China with Tencent to cover the 2020-21 season. The one year deal is understood to be something of an emergency stop-gap, following the League’s abandonment of its deal with PPTV. The league voted to cut the PPTV deal short after a year earlier this month […]

Tencent to create US$10 billion esports streaming giant with merger of DouYu and Huya

Media giant Tencent wants to create a US$10 billion Chinese equivalent to game streaming platform Twitch by merging the country’s two biggest esports companies. DouYu and Huya have long been battling to become the top esports platform in China, but Tencent has announced plans to bring them together under one roof. Tencent is also an […]

China’s Tencent to buy Asian streamer Iflix

Chinese entertainment giant Tencent is poised to acquire the key assets of indebted pan-Asian streamer Iflix for an undisclosed sum. Tencent will take control of iFlix’s content, resources and tech, but not its debt, according to BNN Bloomberg, in a move that would expand the reach of its WeTV streaming service in the region. “This […]

APAC SVOD subs to hit 417 million by 2025

The Asia Pacific region will exceed 415 million SVOD subscriptions by 2025. According to new figures from Digital TV Research, the APAC region will reach 417 million SVOD subscribers by 2025, up from a 2019 year-end total of 269 million. China will make up 65% of that total (269 million), while India will reach 45 […]

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 […]

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 […]

MPA forecasts Asia-Pacific online revenues will double by 2024

Asia-based consultancy Media Partners Asia (MPA) predicts that revenues from online video subscriptions and advertising across Asia Pacific will hit $52 billion in 2024. The figure, released ahead of MPA’s annual APOS Summit (held this year in Bali, Indonesia), is double the $26 billion forecast that MPA has given for this year. MPA said China […]