Tencent Holdings (0700.HKG) announced a deal yesterday with HBO to stream the network’s content in China, The New York Times reported. Chinese Internet TV companies have spent over $1 billion dollars on foreign content over the last two years in an attempt to draw more viewers, but this has been met with increasingly stringent government regulation. In May, China’s authorities […]
Category: Tech, Media & Telecom
Alibaba’s (BABA.NYSE) sale of US$8 billion in bonds on Thursday marked the latest windfall for banks working on capital-markets deals following the company’s US$25 billion initial public offering in September, The Wall Street Journal reported, citing figures from data provider Dealogic. Alibaba has eclipsed firms such as Canadian energy company Encana (ECA.TSX), French telecom firm […]
A US$300 million investment by smartphone maker Xiaomi and Shunwei Capital for about 10-15% of Baidu’s (BIDU.NYSE) IQiyi.com values the video website at US$2-3 billion, Bloomberg reported, citing unnamed sources. Baidu will invest an additional US$100 million and hold about 80% of the site, according to people familiar with the matter. Baidu, Xiaomi and IQiyi will jointly develop content […]
Websites including those of The Atlantic and Sony Mobile are now blocked on the mainland due to partial filtering of the EdgeCast content delivery network by authorities, South China Morning Post reported, citing Internet freedom watchdog GreatFire. The blocking, which marks a significant escalation in Chinese censors’ filtering efforts, came as activist groups including GreatFire have begun […]
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