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Tag: China

  • Yong Goon Park appointed as Mobis India MD, AS parts division

    Yong Goon Park appointed as Mobis India MD, AS parts division

    Mumbai: Mobis India, an established player in manufacturing high-quality automotive parts, accessories and mobility solutions for Hyundai Motors & Kia Motors in India and worldwide, has appointed Yong Goon Park as managing director, aftersales (AS) parts division. 

    Yong Goon Park will be based in Gurugram at Mobis India head office where he will be leading the AS business operations for the Indian market. He has 23 years of wide experience in leading the HR department and overseas business in Mobis. He has a competitive edge in handling large and emerging markets like China, said the press statement.

    Commenting on his new role, Park said, “Hyundai Mobis is driven with the global vision – ‘Innovation for Humanity, Mobility for tomorrow’. To align ourselves with the global vision, we are incorporating the best practices and global processes in our business activities to cater to the Indian market. In a rapidly evolving world, our aim is to delight our customers with superior quality products enriching their lifestyle for a fulfilling future.”

    Detailing further, Park added, “Mobis as a company inspires confidence, pursues mobility and now, we are progressing in the areas of education, social welfare, road safety, and climate change that resonate with the needs of the local community. At Mobis, we engage all our employees and channel partners in creating a sense of pride for a sustainable future. Today, India is at the cusp of change and offers immense potential. We stand committed to deliver mobility and innovation in our product range and be responsive towards society.”

  • Trump approves TikTok deal ‘in concept’

    Trump approves TikTok deal ‘in concept’

    NEW DELHI: It seems that the Byte Dance owned short video platform TikTok has got a breather in the US after the president had ordered the app to be banned in the region, citing national security concerns.

    During the weekend, President Donald Trump gave his nod to a multiparty deal ‘in concept’, under which TikTok will be partly owned by Oracle and Walmart. Media reports say that TikTok is seeking a valuation of 60 billion dollars of. Oracle will hold 12.5 per cent and Walmart will hold 7.5 per cent stake. Sequoia Capital and General Atlantic, already investors in TikTok’s Chinese owner ByteDance, are also expected to take stakes in the new company.

    “I have given the deal my blessing. If they get it done that’s great. If they don’t, that’s OK too,” Trump told reporters Saturday. “I approved the deal in concept.”

    Read more news on TikTok

    TikTok and ByteDance both welcomed President Trump’s approval of a proposed deal, which would still need to be signed off by the Chinese government.

    TikTok said the deal would ensure US national security requirements were fully satisfied, while ByteDance said it was working to reach an agreement that was “in line with the US and Chinese law” as soon as possible.

    TikTok interim chief executive Vanessa Pappas said in a video posted on Saturday that the app was “here to stay” in the US.

     

     

    President Trump’s support for the deal comes days after his administration said it would bar people in the US from downloading TikTok through any app store starting 20 September.

    The deal is more like a joint venture between three companies where Oracle will be acting as a “trusted partner” safeguarding the data of users. If one looks closely at the newly proposed deal, it is not what president Trump has initially demanded as it still allows TikTok’s Chinese owner Bytedance a controlling stake.

    It is expected that TikTok Global will likely be headquartered in Texas and will hire “at least” 25,000 people, Trump said. TikTok will need to recruit thousands of content moderators, engineers and marketing staff that were previously located in China and around the world.

    At present, the ban on TikTok has been delayed by a week by the US authorities.

    For the record, the app has been already banned in India by the Indian government along with several other Chinese apps. 

  • TikTok selects Oracle in the US after rejecting Microsoft offer

    TikTok selects Oracle in the US after rejecting Microsoft offer

    KOLKATA: TikTok has chosen Oracle for a business partnership after abandoning talks with Microsoft. The Bytedance owned short-video app has chosen Oracle as a technology partner.

    According to reports, the terms of the deal are still evolving. It is not clear yet if Oracle would take an ownership stake in TikTok’s US operations. The decision comes at a time when the social media app is running out of time to close a deal in the US within the tight schedule given by the Trump administration. It has to block a deal within 20 September.

    Earlier on Sunday, tech giant Microsoft, another bidder for TikTok’s US operation announced that the latter has rejected its offer. “ByteDance let us know today they would not be selling TikTok’s U.S. operations to Microsoft,” Microsoft said. “We are confident our proposal would have been good for TikTok’s users, while protecting national security interests,” it added.

    However, the future of the deal is subject to approval from Washington and Beijing. TikTok’s US stake sell has turned to be more difficult since Beijing issued new restrictions or bans in late August on tech exports, requiring companies to seek government approval.

    TikTok has more than 175 million downloads in the US. While the administration alleged TikTok could misuse user information, the company has continuously refuted any claim of providing any US user data to the Chinese government. 

  • Twitter announces new labels for government, state-affiliated media accounts

    Twitter announces new labels for government, state-affiliated media accounts

    NEW DELHI: Twitter has announced that the micro-blogging site has started labelling accounts of government officials and state-affiliated media.

    The blog read that it will focus on labelling ‘Senior officials and entities who are the official voice of the state abroad.’

    For the time being, this will be applicable only to accounts from China, Russia, France, United Kingdom and the United States — the five permanent members of the United Nations Security Council (UNSC).

    The blog further emphasised that this new feature is for transparency and practicality, Twitter is starting with a limited and clearly-defined group of countries before expanding to a wider range of countries in the future. “At this time, we're not labeling the personal accounts of heads of state, as these accounts enjoy widespread name recognition, media attention, and public awareness. Institutional accounts associated with their offices that changeover depending on election results will be labeled, however.”

    “We believe that people have the right to know when a media account is affiliated directly or indirectly with a state actor. As part of the development of this process, we consulted with a number of expert groups, including members of the Digital and Human Rights Advisory group in Twitter’s Trust & Safety Council,” the blog post said.

    Twitter will no longer amplify state-affiliated media accounts or their tweets through recommendation systems including on the home timeline, notifications, and search.

  • ‘IndiGo Abroad’ with the airline’s new brand campaign

    ‘IndiGo Abroad’ with the airline’s new brand campaign

    National: India’s leading airline, IndiGo, launched its new integrated brand campaign ‘IndiGo Abroad: Happy to be your first’ today, to stimulate travellers to explore newer destinations for short and medium -haul international travel at affordable fares. The campaign aims to introduce Indian travellers to new and unexplored 6E destinations to encourage first time international travellers and experiential travellers to look beyond the regular international destinations, for their next trip abroad with IndiGo. The airline launched flights to Turkey, China, Vietnam, Myanmar and Saudi Arabia earlier this year.

    As part of this campaign, IndiGo has used quirky creatives that tug our emotions when we travel, with the backdrop of the most scenic locations in its international network. The passengers in the creatives showcase the innumerable experiences and emotions during their first international trip and how IndiGo has been their partner, by making international travel accessible and affordable. Some of the creatives like ‘My first time was very educational’, ‘My first time? Three weeks long’, ‘Our first time? This summer’, connect to real life people, bringing relatability to the campaign. The campaign will run across OOH, print and IndiGo’s social media platforms from November 03- November 17, 2019.

    On the launch of the campaign, Mr. William Boulter, Chief Commercial Officer, IndiGo said, “We are excited to launch our new brand campaign ‘IndiGo Abroad’ after the last one celebrating our 13th anniversary. This campaign is aimed at targeting domestic travellers looking at their first international trip and experiential travellers who want to explore new international destinations. Having started operations to five new countries this year, we thought this would be an apt opportunity for us to strengthen interest in foreign travel through ‘IndiGo Abroad’ campaign and we would be happy to be our travellers’ first flight to their international holiday.”

    Mr. Boulter further added, “In addition to being affordable, on-time and hassle-free, IndiGo has played a significant role in making international air travel accessible and affordable for many Indians.”

    IndiGo is introducing special promotional offer on its international destinations with return fares starting from INR 8,490. Customers booking their tickets through IndiGo website and mobile application can avail additional cashback and EMI options when paying through Yes Bank and Bank of Baroda, while offers with IndusInd Bank can be availed only on website from November 03- November 04, 2019. Discounts on seats are subjected to availability and the offer is valid for bookings made during the offer period, at least 15 days prior to the date of departure.

  • SVoD subscribers to touch 743 mn globally by 2023

    SVoD subscribers to touch 743 mn globally by 2023

    MUMBAI: Subscription based video on demand (SVoD) is rising persistently and will draw a level with broadcast TV globally by 2023 in terms of viewing hours per day. According to a report from Rethink TV research, SVoD will surpass traditional TV viewing soon after.

    The report forecasts SVoD usage in all the regions as well as highlights the differences between AVoD dominated Asian market and SVoD-crazy US and European market. The research sees 478 million SVoD subscribers today growing to 743 million by 2023.

    China will have the most SVoD subscribers by 2023 although North America will still drive the largest dollar volume. The report also forecasts the US market reaching 236.6 million subscriptions by the end of 2023, from a base today of some 146.5 million.

    “Europe and Asia will be neck and neck in SVoD revenues by 2023, but with far fewer subscribers in Europe, each paying significantly more than those in Asia, a region dominated by frighteningly large Advertising VoD streaming numbers,” it said.

    Outside China, Netflix will continue to lead in SVoD in subscribers numbers. The streaming giant will make up 194 million SVoD customers out of 743 million globally by 2023, some 26 per cent of overall global subscribers.

    The report has also predicted that WarnerMedia, under its new AT&T defined, freemium strategy will emerge as the new leader in the US Market. It is predicted to reach 29.6 million SVoD homes by 2023. Disney is also likely to have multiple SVoD service types, but may struggle outside the US.

    While the Asia Pacific market is highly skewed with China expected to gather 245 million SVoD subscribers, the average spend will be just $2 to $3 a month. Latin  American market will see competition among Netflix, America Movil’s Claro TV and Televisa’s Blim.

    “Europe will be a mishmash of different approaches with pure-play US operators like Netflix and Amazon now established, US studios beginning to stake a claim, and local broadcasters ganging up to challenge them. The region has its own pure play SVoD players also such as Maxdome, Sky, Zattoo, and Rakuten TV,” it stated.

  • Indian pay TV revenue to touch $16 bn by 2023: MPA

    Indian pay TV revenue to touch $16 bn by 2023: MPA

    MUMBAI: As per a new report by Media Partners Asia (MPA), the pay TV revenue in Asia will top $56 billion in 2018. This will continue to grow at 3 per cent CAGR till 2023 and likely to exceed $66 billion by then. Pay TV revenue consists of subscription fees and local and regional advertising sales.

    Over the next five years, the biggest gains will come from China, where pay-TV revenues are projected to grow at a 3 per cent CAGR to reach $25 billion by 2023, and the more accessible and commercial India market, where pay-TV revenue is set for a whopping 8 per cent CAGR to reach $16 billion by 2023. That makes India the highest growing and most scalable pay-TV market in Asia Pacific. At the same time, South Korea will grow at a 3 per cent CAGR to reach $7.4 billion in revenue by 2023, according to MPA forecasts, while pay-TV revenue in Japan will climb at a meagre 1 per cent CAGR to touch $7.1 billion over the same time-frame.


     
    Elsewhere, pay-TV momentum will moderate in Indonesia and the Philippines, two of Southeast Asia’s biggest growth economies, according to MPA, while Australia, Hong Kong, New Zealand, Malaysia, Singapore and Thailand will register revenue declines ranging between a -1 per cent to a -6 per cent CAGR over 2018-23.

    Commenting on the findings from the Asia Pacific Pay-TV Distribution report, MPA executive director Vivek Couto said, “Pay-TV stakeholders are adjusting to new realities as the industry shifts to IP-based distribution. The growth of high-speed broadband and online video is driving fundamental changes in content consumption and investment across key markets. This, together with piracy, will continue to adversely impact pay-TV industry growth. There will be more fixed broadband subs than pay-TV subs across much of Asia Pacific by 2021, while the gap between the mobile broadband subs base and pay-TV & fixed broadband subs will further widen as mobile networks emerge as a major means for mass content distribution, accelerating the shift in content consumption from households to individuals. M&A activity for the Asia Pacific broadcasting and pay-TV sectors for 2017 and the first half of 2018 reached $10.5 billion in aggregate, with the biggest deals taking place in Australia, India and Korea. More M&A and consolidation is likely in these markets with Southeast Asia likely to join the action over 2019-20.”

    MPA analysis indicates that the pay-TV subscriber base in Asia Pacific will grow by 3 per cent in 2018 to reach 645 million subs, representing 57 per cent of TV homes with at least one pay-TV service. The Asia Pacific pay-TV subs base will grow at a 2 per cent CAGR between 2018-23 to reach ~696 million by 2023, according to MPA projections. Pay-TV penetration by 2023 will fall to 55 per cent of TV homes when adjusted for multiple subscriptions, largely due to an acceleration in cable cord cutting in China.

    Ex-China, net customer additions across Asia Pacific will significantly slow from 10.4 million in 2017 to 6.5 million in 2018. India will account for 47 per cent of the growth in 2018, followed by Indonesia (12 per cent), the Philippines (12 per cent), Korea (10 per cent), Pakistan (7 per cent) and Sri Lanka (3 per cent). The pay-TV base ex-China will grow from 267 million subs in 2018 to 288 million subs by 2023, representing a 2 per cent CAGR, with adjusted pay-TV penetration remaining flat at 57 per cent of TV homes.
     

  • SVoD subscriptions to see massive growth worldwide

    SVoD subscriptions to see massive growth worldwide

    MUMBAI: Streamers across the world are ready to pay for online video. According to a new study by analyst firm Digital TV Research, SVOD subscriptions will more than double between 2017 and 2023. While Global pay-TV and SVoD subscriptions are expected to reach 1.877 bn by 2023, traditional pay-TV(http://www.indiantelevision.com/dth/dth-operator/dish-tv) will only add 94 mn subscribers.
    At the end of 2017, the number of subscribers stood at 222 mn in US which is predicted to reach to 289 mn subscriptions by 2023. But China will see the highest rate of growth by adding 171 mn subscriptions during this period to take its total to 610 mn. However, its pay TV subscription will grow by 32 mn only. India will add 49 mn pay-TV and SVoD subscriptions in this period.
    Based on the new subscriptions, total subscription revenues (https://indiantelevision.com/iworld/over-the-top-services/global-ott-revenue-to-reach-129-bn-by-2023-says-study-180921) will increase by 11 per cent ($25.4 bn) to total $251 bn in this period. Due to cord cutting traditional pay-TV revenues will drop by $18.5 bn to $183 bn. On the other hand, SVoD’s revenue will climb by $43.7 bn to $69 bn. This revenue jump will lead to an increase in total share from 11 per cent in 2017 to 27 per cent in 2023.
    The market leader US will see total revenue from $108 bn in 2017 to $105 billion in 2023. While Pay-TV subscription revenues will drop by $20 bn, SVoD additions will not be able to make up the shortfall.

  • Global OTT revenue to reach $129 bn by 2023 says study

    Global OTT revenue to reach $129 bn by 2023 says study

    MUMBAI: OTT business across the world is now in a high growth period. In the next five years, revenue from online TV episode and films will reach $129 billion, which is more than double of same recorded in last year. Back in 2017, it stood at $53 billion and in 2018 alone $16 billion will be added. Global OTT TV & Video Forecasts has found the data after surveying 18 countries.

    The research has also found the top five markets will command 69 per cent of worldwide revenues by 2023, down from 73 per cent in 2017. While online video viewing was a typical trend of some particular developed countries a few years back also, it is clear that emerging markets are rapidly growing, boosting the overall ecosystem. The report predicts that OTT revenues will exceed $1 billion in 17 countries by 2023.

    Among all the business models in OTT market, SVOD has highest upward growth in total revenue share. In 2016, it became the largest OTT revenue source by overtaking AVoD. The share of the total will increase from 47 per cent in 2017 to 53 per cent in 2023. However, AVOD is still very relevant in the game being left with enough opportunities. AVOD revenues are projected to increase by $27 billion between 2017 and 2023.

    “No prizes for guessing that the US will remain the dominant territory by some distance,” Digital TV Research principal analyst Simon Murray commented. “However, its share of global revenues will fall from 43 per cent in 2017 to 37 per cent by 2023. We forecast that revenues in the US will more than double between 2017 and 2023 – adding nearly $25 billion to reach $48 billion."

    China, another growing player, will add $17 billion over this same period to nearly triple its revenues to $26 billion. Its market share will increase to 20 per cent in 2023 from 17 per cent in 2017.

  • Irdeto and Alibaba Cloud Make It Easy to Securely Deliver OTT Content and Services

    Irdeto and Alibaba Cloud Make It Easy to Securely Deliver OTT Content and Services

    MUMBAI: Alibaba Cloud, the cloud computing arm of Alibaba Group, has selected Irdeto Rights to simplify OTT content protection for its customers. Irdeto’s multi-DRM solution, including ChinaDRM, PlayReady, Widevine and FairPlay support, will enable content owners and operators to quickly deploy OTT services. Alibaba Cloud will utilize Irdeto Control, the head-end of Irdeto Rights, to manage and protect the customer’s video content. Alibaba Cloud is the world’s third-largest provider of public cloud services, providing video services to hundreds of thousands of global companies, including OTT operators, online education companies and short video companies—live, on-demand and content distribution platforms.

    Competition in China’s OTT market is at an all-time high with close to 229 million people subscribing to a streaming service in 2018. In addition, the global subscription OTT market is set to grow 24% in 2018. This trend is fueled by growing internet penetration rates, faster connectivity speeds and a broad shift in consumer preference towards internet-based video consumption. With more options to choose from, subscriber churn rates are high. As a result, premium content and a high-quality user experience across as many devices as possible are key differentiators that are necessary for operators to maintain a competitive edge. Irdeto and Alibaba Cloud help operators not only in China, but across the globe, stay ahead of competitors through quick delivery of OTT services while also ensuring that premium content remains secure.

    Li Bin, Senior Technical Expert at Alibaba Cloud, said: “Alibaba Cloud Video Cloud provides stable, high-quality and scalable video services for customers in the multimedia industry. Through cooperation with Irdeto, we have enhanced the security of audio and video content. For the first time, we launched a video cloud service for copyright protection of all-platform video content in China. This new product greatly simplifies the management of content providers and operators on the content supply of various devices and improves the security of content supply."

    Irdeto has worked closely with Alibaba Group since 2013 to support anti-piracy initiatives on Alibaba Group’s e-commerce platforms. Just last month, Youku, the Alibaba-owned online video streaming service provider, selected Irdeto Rights for ChinaDRM to safeguard premium content delivery.

    “Innovation is critical for operators to succeed in today’s competitive pay TV market,” said Bengt Jonsson, Senior Vice President, Sales & Services, Irdeto. “We want to work with companies like Alibaba Cloud who foster this innovation by providing their customers with secure, premium services. We are thrilled to work with Alibaba Cloud to help operators protect and accelerate the release of new content while also enabling new business models that will increase efficiency and drive revenue.”

    Irdeto Rights, a solution in the Irdeto 360 Security portfolio, is a proven multi-DRM and policy management solution that addresses content challenges at both the headend and client side. It supports all leading commercial DRMs, as well as common encryption standards of MPEG DASH, and unique security technologies optimized to work at peak levels of demand. Irdeto Rights provides operators with increased market reach by supporting all major DRMs, including Microsoft PlayReady, Google Widevine, Apple FairPlay and ChinaDRM.