Category: Uncategorized

On Dec 17, Tencent Games and NVIDIA (NASDAQ: NVDA) announced a collaboration to bring PC gaming in the cloud to China. NVIDIA’s GPU technology will power Tencent Games’ START cloud gaming service, which began testing earlier this year. START gives gamers access to AAA games on underpowered devices anytime, anywhere. Tencent Games intends to scale the platform to millions of gamers, with an experience that is consistent with playing locally on a gaming rig. // nvidia

SoftBank Ventures Asia, a unit under Japanese conglomerate SoftBank, has led a CNY500 million (USD71.4 million) fundraising round in Chinese powerbank sharing provider Energy Monster. Energy Monster had over 200 million users in over 1,300 Chinese cities as of the end of November. Founded in 2017, Energy Monster has a 25 percent share of the domestic charger sharing market behind Jiedian with 28.6 percent and Xiaodian with 27 percent, according to figures from TrustData. // YiCai| Trustdata

Apple’s China iPhone shipments fall 35% in November and total iPhone shipments in the September-November period dropped 7.4% from a year earlier, according to Credit Suisse. // Reuters

Alibaba (NYSE: BABA) affiliate Ant Financial and Vanguard, the $5.9T U.S.-based asset manager, formed a joint venture to bring a streamlined and broadly available investment advisory service to retail consumers in China. // prnewswire

China’s first mainland stock index options will debut on China Financial Futures Exchange (CFFE) on Dec. 23. The options are tied to the Shanghai and Shenzhen stock exchange-based CSI 300 Index and the minimum account threshold is RMB500K. It is the fourth risk management hedging tool for the mainland stock market. Previous options included CSI 300 Stock Index futures, CSI Smallcap 500 Index futures and SSE 50 Index futures. // YiCai

Moutai/Maotai is the most valuable brand in China. Hurun released its Most Valuable Chinese Brands list on Dec 12 – Kweichow Moutai ranked top with RMB 640 billion brand value. It maintained the title for the second year running. Maotai /Moutai is a brand of baijiu; the company booked over RMB 22 billion revenue and RMB 10 billion net income in 2019Q3. // AsiaTimes

Dinsey Shanghai began construction for the new Zootopia-themed (疯狂动物园主题) expansion. Zootopia will be Shanghai Disneyland’s eighth themed land. It will also be the first Zootopia-themed expansion at a Disney park worldwide. On Dec 9, the construction has officially started; the plan was first announced in January this year. In China, Zootopia is the 2nd best-selling movie in 2016 and the 2nd best-selling anime movie in history as of 2019. // YiCai

Bilibili (哔哩哔哩) just paid RMB 800 million (US$ 113 million) for e-sport broadcast right. Trying to capture the market potentials in e-sports and live-streaming in China, Bilibili (NASDAQ: BILI) has reportedly spent RMB 800 million (USD 113 million) on a three-year exclusive agreement to broadcast the Riot Games’ League of Legends (LoL) World Championship in China. The 2018 LoL World Championship has 99.6 million unique viewers. // KrAsia | 36Kr

BCG opened its Asia-Pacific center for digital services in Shenzhen. Opened on Dec 6, the new DigitalBCG Immersion Centers in Shenzhen is the firm’s fifth global center for digital transformation after Silicon Valley, Paris, New York and Bangalore. // prnasia