Results from the Kagan 2022 China Consumer Insights survey, completed in June 2022, show that 92 per cent of internet adults in the country watch paid or free online video. Over two-thirds (68 per cent) said they use iQiyi, owned by online search engine giant Baidu, followed closely by 66 per cent using Tencent Video. […]
China’s National Press and Publication Administration, which controls how video games are permitted, licensed and supervised in China, recently approved 67 new games for domestic distribution. Tencent saw one of its associated local developers, iDreamsky, gain approval for its Eternal Return game. But there were no imported games in the list and this is the […]
NetRange, a global provider of white-labelled, turnkey Smart TV and OTT ecosystems, has been selected by Tencent Video to power the international expansion of its WeTV service by reaching new Smart TV and connected device users through the NetRange Smart TV App Store. This agreement enables WeTV to leverage NetRange’s single integration process, eliminating the […]
Tencent’s share price in Hong Kong fell back 1.5 per cent on June 28th, but Prosus NV stock jumped 10 per cent on the Amsterdam market while shares in Naspers (on the Jo-berg market) rose 13 per cent on the decision by Naspers to buy back its own stock for cancellation. Prosus/Naspers CEO Bob van […]
South African multinational Naspers, which is Tencent’s largest shareholder, has reversed its previous decision not to sell shares in what is China’s most valuable business. Naspers, which owns a 29 per cent stake in Tencent via the Dutch-based Prosus media business, said on June 27th that it would start selling “small” numbers of ordinary shares […]
At the BAFTA Games Awards on April 7th, Returnal won Audio Achievement, Best Game and Music, and Performer in a Leading Role for Jane Perry, winning her first BAFTA. Two games won two BAFTAs each: It Takes Two won Multiplayer and Original Property, and Ratchet & Clank: Rift Apart won Animation and Technical Achievement. Kimberly […]
The Basketball Africa League (BAL) ja announced its roster of broadcast partners for the 2022 BAL season, which tipped off on March 5th at the Dakar Arena in Dakar, Senegal, and will include stops in Cairo, Egypt and Kigali, Rwanda. The second BAL season will reach fans in 215 countries and territories in 14 languages […]
A timely note to clients from investment bank BNPP/Exane looks at the potential media-related winners and losers impacted by the latest Covid variant. The bank says that while there are justifiable fears from the new variant, there will inevitably be media businesses that are impacted, some with good news, and others not so likely to […]
South Africa-based technology conglomerate Naspers reported that its first-half profits had risen 11 per cent helped by the company’s major stakes in Chinese internet giant Tencent (in which Naspers indirectly owns a 29 per cent stake). Naspers is Africa’s biggest company by market capitalisation but last year spun off its international businesses to an Amsterdam-based […]
Achieving a $1 trillion market capitalisation makes headlines around the world and the current trillion club in mostly about the technology industry with names such as Microsoft and Apple topping the list. The market is now looking for the next club members, and two tech players are being talked about: chip-maker Nvidia and China’s digital […]