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iQIYI Q2 2019 results highlight challenging advertising environment in ChinaAugust 22, 2019iQIYI reported a 15% increase in revenues for the quarter ended 30 June, totaled RMB 7.1 billion (USD 1 billion). • Membership services grew 38% to RMB 3.4 billion (USD 479 million) • Online advertising services dropped 16% to RMB 2.2 billion (USD 310 million) • Content distribution was down 4% to RMB 0.5 billion (USD 70 million) • Others category grew 82% to RMB 1 billion (USD 141 million) The company attributed the continued overall revenue growth to the solid subscription growth; while admitted that the challenging macroeconomic conditions and delayed content launches had slowed online advertising and content distribution revenue growth. “Others” revenues benefitted from the company’s acquisition of game company Skymoons.
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Video-streaming platform Huya files for IPO in the USMay 21, 2018Huya has successfully completed an IPO on the New York Stock Exchange, raising $180 million. This comes after the company received a round of investment totaling $462 million, led by Tencent, just back in March 2018.
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Video-streaming platform turned mobile-gaming operator Bilibili sets sights on $400million IPOMarch 06, 2018According to a prospectus filed on 2 March, the online entertainment platform covering video, live broadcasting and mobile games plans to list on the New York Stock Exchange. Bilibili business was initially centered on the Anime, Comic and Games (ACG) industry and has developed into a comprehensive content platform.
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Chinese streaming platform iQiyi looks to raise $1.5 billion from IPO in the USMarch 05, 2018Chinese streaming service iQiyi last week filed a registration statement setting out plans to raise $1.5 billion from an IPO in the US. The company, funded by both advertising and subscription, was launched by main owner Baidu in 2010.
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NFL and Tencent ink content deal to boost audienceSeptember 01, 2017The US National Football League (NFL) and Tencent signed a deal on 21 August, which gives the Chinese internet giant exclusive rights to digitally stream games online in China for three years until 2019. Acquiring foreign sports rights is part of a wider content strategy to retain users or encourage users to spend more time with Tencent’s various platforms. As for NFL, China is an ideal market to benefit from the digitisation of sports viewing and expand NFL’s audience base as the Asian country has almost 1 billion online users.Subscribers Only
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Discovery partners with VS Media and Tabilabo to accelerate growth in Asia PacificMay 04, 2017Discovery Networks Asia Pacific has announced two partnerships with Asian online companies: Chinese multichannel network VS Media and Japanese digital media company Tabilabo.Subscribers Only
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Havas and China’s leading advertising group GIMC form alliance for mutual overseas expansionApril 10, 2017French advertising giant Havas has created a joint venture with China’s leading advertising group GIMC. The deal marks the start of Havas' major business expansion in China. By tapping into Havas’ large overseas resource, GIMC will be in a stronger position to take their service abroad to serve Chinese firms.Subscribers Only
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Tencent outperforms its competitors Baidu and Alibaba thanks to Weixin (WeChat)November 29, 2016Strong online ad revenue growth for Tencent was driven by the Summer Olympics and the gradual increase of ad load to its social media arm, Weixin (also known as WeChat) in Q3 2016. Benefiting from strict regulation in China, Tencent has been able to dominate the Chinese social media landscape, first with QQ Messenger, and now with Weixin, without any serious competition from Facebook, Twitter and Snapchat. IHS Markit expects this will remain the case for the near future.Subscribers Only
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Baidu’s first ever ad revenue decline linked to the introduction of the new Chinese online advertising regulationsNovember 01, 2016Chinese search engine, Baidu’s third quarter earnings in 2016 showed a revenue decline for the first time since it went public in 2005. Baidu reported 18.3bn CNY in revenue, representing a -0.7% decline year-on-year. In April 2016, the death of a young adult, who underwent medical treatment resulting from an ad listed on Baidu’s search engine results, caused a highly-publicized medical scandal. This accelerated the introduction of China’s first online advertising regulations, which came into effect in September 2016. The fall of search advertising revenue can be largely attributed to these new regulations.Subscribers Only
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China’s demand-side platform iPinYou expands to the US by partnering with Twitter’s MoPubSeptember 21, 2016Beijing-based programmatic digital ad buying firm iPinYou is entering the US by teaming up with Twitter’s MoPub. This is the company’s first attempt to exploit the mobile market outside China. Via the iPinYou DSP platform, it plans to connect US brands and advertisers with Chinese consumers by making extensive ad inventory available in China; and the mobile inventory provided by MoPub in the US will allow Chinese brands and advertisers to connect with US consumers.Subscribers Only
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Beijing-based Spearhead acquired ad tech company, Smaato to aid overseas expansionJune 15, 2016Mobile ad tech company, Smaato was acquired by Beijing-based Spearhead Integrated Marketing Communication Group (Spearhead) for $148 million. To Spearhead, the acquisition supports its domestic improvement of technology and its international expansion. To Smaato, becoming part of Spearhead will help to accelerate its reach to the Chinese mobile ad market and provide greater resources for continuous development.Subscribers Only
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China’s enforcement of its latest content regulations shakes foreign media companiesApril 27, 2016China has started implementing its latest content regulations, and big foreign companies are feeling the impact. DisneyLife, the on demand streaming service by Walt Disney and Chinese e-commerce giant Alibaba has gone offline not long after the suspension of Apple's iTunes Movies and iBooks stores in China. Both services had their services operated for less than a year in China, and become unavailable since April 2016.Subscribers Only
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Hong Kong's TVB launches OTT service, myTV SUPERApril 18, 2016Hong Kong’s leading free-to-air broadcaster TVB has launched a subscription-based over-the-top (OTT) service, offering live streaming of 20 channels and an 11,000-hour library of content including classic dramas from TVB and acquired programming from South Korea and Japan.Subscribers Only
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Chinese media watchdog tightens online video content censorshipFebruary 04, 2016The Chinese media regulator has banned several original web dramas in January 2016 due to excessive violence, sex, vulgarity, and superstition. The expansion of TV censorship to original online content means online video hosting sites have limited space to generate revenue and will slow down the development of online video market in China.Subscribers Only
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Chinese Market for Packaged LEDs to Grow at Single-Digit Annual RateNovember 24, 2015Due to oversupply and price competition between suppliers of lighting LEDs, IHS forecasts the total Chinese market for packaged LEDs to grow at single digit annual rate. The total Chinese market for packaged LEDs was $6.7 billion in 2014, with $3.8 billion for the lighting application, according to the latest data in the Packaged LEDs Report – China – 2015, a part of IHS LED Intelligence Service.
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Alibaba gets serious about online video with Youku Tudou acquisitionNovember 10, 2015Chinese e-commerce giant, Alibaba has announced the acquisition Youku Tudou for $4.2 billion in a cash transaction. The acquisition is in both sides’ interest from both a financial and strategic perspective.Subscribers Only
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PCCW challenges TVB in Hong Kong broadcasting marketMay 19, 2015Hong Kong’s market-leading terrestrial television broadcaster, TVB has been granted renewal of its domestic free-to-air (FTA) broadcasting service licence for 12 years until 2027. The award is subject to a mid-term review in 2021. TVB’s licence was last renewed in 2002, with a validity of 12 years from 2003 to 2015.Subscribers Only
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Alibaba makes first move into ad tech with its acquisition of AdChinaJanuary 23, 2015China-based internet conglomerate Alibaba has acquired internet advertising company AdChina, for an undisclosed fee. The acquisition of AdChina is Alibaba’s first acquisition in the ad tech space.Subscribers Only
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Facebook launches mobile games publishing plansJuly 30, 2013Facebook has officially unveiled its mobile games publishing plans. The social network will provide support for monetisation, advertising, analytics, and cross-platform integration in a pilot scheme aimed at...
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Modern Times Group's advertising strategy pays off in CEEApril 23, 2013Modern Times Group (MTG) reported a one per cent year-on-year net revenue decline to SEK3,223m (€370m) for Q1 2013. Eliminating the exchange rate effect however, the group's total net revenues have...Subscribers Only
