Tencent said in a statement that Iflix's catalogue of ‘international, local, and original content’ would enable it to expand the reach of its overseas video streaming service, WeTV, which it launched in Thailand in 2019. — Reuters pic
The Chinese tech giant said in a statement that Iflix's catalogue of “international, local, and original content” would enable it to expand the reach of its overseas video streaming service, WeTV, which it launched in Thailand in 2019. That would make the deal significantly smaller than the US$1 billion valuation that Iflix had sought in 2019 when it planned a public listing in Australia.
Tencent Video, its streaming platform in China, boasted over 110 million paid subscribers at the end of March.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Berdepan krisis hutang, iflix bakal dijual kepada syarikat dari China?iflix dilaporkan sedang menghadapi krisis hutang dan sedang mencari pembeli untuk pesaingnya. FMTNews iflix
Source: fmtoday - 🏆 5. / 72 Read more »
Exports of Malaysian palm oil to Africa set to rise this year | Malay MailKUALA LUMPUR, June 23 — The exports of Malaysian crude palm oil (CPO) to the African continent are expected to increase to about nine million tonnes this year compared with six million tonnes over the last decade, said 3XG UK Consulting Limited. Its founder and chief strategist, Abah Ofon, said...
Source: malaymail - 🏆 1. / 86 Read more »
ViacomCBS’ new ‘SpongeBob’ movie will skip theatres to stream on home screens | Malay MailLOS ANGELES, June 23 — ViacomCBS Inc said yesterday the animated family film The SpongeBob Movie: Sponge on the Run will debut digitally in the United States via premium video-on-demand (VOD) in early 2021, as the Covid-19 pandemic keeps movie theatres shut. After the premium on-demand viewing...
Source: malaymail - 🏆 1. / 86 Read more »
Asia markets rally after Trump reassures on China-US trade deal | Malay MailHONG KONG, June 23 — Asian stocks rallied today after an early plunge as Donald Trump countered one of his top economics advisors who said the China-US trade deal was “over”, fanning fears of a renewed tariffs standoff between the superpowers. Peter Navarro’s remarks sent shivers through...
Source: malaymail - 🏆 1. / 86 Read more »
Asia stocks touch four-month top on dogged optimism | Malay MailSYDNEY, June 24 — Asian shares crept to a four-month high today as investors remained stubbornly upbeat on the outlook for a re-opening of the global economy even as cases of the coronavirus looked to be accelerating to new peaks. MSCI’s broadest index of Asia-Pacific shares outside Japan added...
Source: malaymail - 🏆 1. / 86 Read more »
Office cluster pushes Tokyo coronavirus cases to 1½-month high, reports NHK | Malay MailTOKYO, June 24 — Tokyo's new coronavirus cases climbed to 55 today, public broadcaster NHK said, the highest tally in 1½ months after a cluster of infections was found at an unnamed office in the Japanese capital. The metropolis, with a population of 14 million, has sought to keep new cases...
Source: malaymail - 🏆 1. / 86 Read more »