People visit the stand of Tencent’s mobile game ‘Glory of Kings’ during the 2020 China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on July 31, 2020 in Shanghai, China.
Zhou You | VCG via Getty Images
SINGAPORE — Video games are booming in China’s smaller cities, with citizens there accounting for more than half of revenue nationally, according to a recent report by Niko Partners.
“76% of gamers in China live in Tier 3-5 cities, accounting for 70% of game revenue,” Niko Partners said in a synopsis of its China Gamers Report.
Cities in China are classified by tiers based loosely on population and economic size. For example, places such as capital Beijing and Shenzhen are generally considered tier-one cities, while lower-tier cities are smaller.
The country is the world’s top game market and will generate an estimated $40.85 billion in revenue this year, according
Activist investor Daniel Loeb on Wednesday urged Walt Disney Co. to skip paying an annual dividend and instead pour the $3 billion into hits for its streaming television service.
Loeb, founder of Third Point hedge fund, made his pitch in a letter to Disney chief executive Bob Chapek and the board of directors.
Loeb reasoned that skipping a few dollars per share in dividends, the entertainment giant could use the money to more than double its budget for content at Disney+ streaming service.
“Disney has built one of the largest streaming platforms in the world, already within the original 5-year Disney+ subscriber target range of 60-90 million,” Loeb said in the letter, a copy of which was obtained by AFP.
“To further capitalize on this transformational opportunity, we believe the company should permanently suspend its $3 billion annual dividend and redirect this capital entirely into content production and acquisition for
BERLIN (Reuters) – SAP will try to allocate 5% of its procurement spending to social enterprises and diverse businesses by 2025 to encourage greater social and environmental responsibility.
The German software group, which has 440,000 clients, appealed on Tuesday to other companies to join it in supporting small businesses owned and run by women or minorities.
SAP’s procurement initiative follows its launch in June of a product to help firms track greenhouse gas emissions in supply chains, backing a view that being transparent about their carbon footprint will be good for business.
Video: Seeing an acceleration in digital transformation, says IBM Services (CNBC)
The new initiative relates to so-called addressable spend, the share of a company’s procurement budget that can be allocated to social
Microsoft (MSFT) – Get Report said it would invest $1 billion to build three data centers in greater Athens and by 2025 would train 100,000 people in Greece in digital technologies.
The announcement comes after nine months of negotiations with Greek Prime Minister Kyriakos Mitsotakis, the Redmond, Wash., software giant said.
“By a substantial margin, this is the largest investment Microsoft has made in Greece in the 28 years we have been operating here,” President Brad Smith said, speaking at the New Acropolis Museum in Greece.
“In part, this reflects confidence that our world-leading data-center technology can help enable innovation and growth across Greece’s economy.”
Greece’s data centers will join the company’s current 63-region global cloud infrastructure network. The network makes Microsoft Azure cloud services available in more than 140 countries.
Microsoft’s plan to add 100,000 private-sector jobs to the Greek economy comes as the country is expected
Australian Prime Minister Scott Morrison has announced that the federal government has set aside nearly A$800 million (US$575 million) to invest in digital technologies as part of its coronavirus recovery plan.
MorrisonÃÂ announced the news Tuesday, saying that the funding is aimed to help the countryÃ¢ÂÂs businesses recover from the economic effects of the COVID-19 outbreak, as well as create more jobs.
While Australia hasnÃ¢ÂÂt been hit as badly as nations like the U.S. and India by the virus, itÃ¢ÂÂs still seen around 27,000 cases and nearly 900 deaths in total, according to its official figures.
After seeing growth for a record 30 years, the coronavirus has now tipped the country into a recession as lockdowns sent spending spiraling.
The US$575 million investment, to be concreted in the 2020 budget, is part of MorrisonÃ¢ÂÂs plan to bounce back from the pandemic.
In the announcement, he sets out that varying amounts
The LG Stylo 6 phone comes with a 6.8 inch screen that’s bigger than the iPhone 11 Pro Max, has a stylus and a hefty 64 GB of internal storage – on par with the iPhone and Galaxy.
What’s also different is the retail price: $299 vs. the other phones, which both start in the $1,000 range?
That’s the good news. The phone could appeal to those looking for basic calls, texts and email reading, but when it comes to moving files, watching video and the like, you’ll probably want to shop elsewhere. The Stylo 6 has picked up good reviews for most of its features except for one very important one – sluggish performance.
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The corporate logo of Japanese telecoms giant Nippon Telegraph & Telephone, or NTT, is seen in front of the building which houses its headquarters, in Tokyo, Tuesday, Sept. 29, 2020. Shares of NTT fell Tuesday on news it is preparing for a takeover of its mobile phone carrier NTT DoCoMo. (Kyodo News via AP) less
The corporate logo of Japanese telecoms giant Nippon Telegraph & Telephone, or NTT, is seen in front of the building which houses its headquarters, in Tokyo, Tuesday, Sept. 29, 2020. Shares of NTT fell Tuesday … more
Photo: 090655+0900, AP
The corporate logo of Japanese telecoms giant Nippon Telegraph & Telephone, or NTT, is seen in front of the building which houses its headquarters, in Tokyo, Tuesday, Sept. 29, 2020. Shares of NTT fell Tuesday on news it is preparing for a
Financial services organizations consistently outspend most of their vertical sector peers in cybersecurity staff, tools and associated investments, but the cyber hits just keep coming. According to our recent report, the financial services industry received the highest number of business email compromise (BEC) attacks in 2019 and the second-most cyber incidents across all types, following the healthcare sector.
For years, financial services has led the pack in cybersecurity spending. In 2015, for example, a Homeland Security Research study concluded the U.S. financial services cybersecurity market was the largest and fastest-growing nongovernmental market in cybersecurity.
In 2019, financial services companies dedicated between 6% and 14% of their annual IT budgets to cybersecurity (an average of 10%), according to a Deloitte study. (Current recommendations are between 4% and 10%; however, most companies fall short). In light of increasing Covid-19-related threats, these institutions plan to
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The following is a preview of the US Digital Audio Ad Spending 2020.
During the pandemic and ensuing lockdowns, fewer people commuted to work every day, and many local businesses cut their marketing budgets as they fought to stay open. These conditions have strained the radio advertising market.
US radio ad spending is expected to decline by 25% this year.
In our March 2020 forecast, US radio ad spending was expected to decline just 1.0%. We now anticipate a 25.0% drop. Ad spending declines in traditional channels are part of a long-standing trend, but the pandemic further deepened the decrease in radio ad spending.
We expect radio ad spending to partially rebound next year, rising 16.8% to $12.18 billion. But that will be