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Tag: cbn

  • ABS-CBN scales back MVNO ambitions

    ABS-CBN scales back MVNO ambitions

    Philippine media group ABS-CBN has scaled back its MVNO business in response to a declining subscriber base.

    The company has cut the annual fees it is paying network provider Globe Telecom in half as part of efforts to curb losses from its ABS-CBN Mobile operations.

    ABS-CBN CFO Aldrin Cerrado told the publication that the company plans to continue its mobile operations but has scaled down its ambitions, and has not yet decided whether to renew its MVNO agreement with Globe after it expires in two years.

    He said the company’s annual fee for using Globe’s network has been reduced from 400 million pesos ($8.6 million) per year to 200 million pesos.

    The cuts came after the MVNO reported a 13% decline in subscriber base for the first six months of 2016 to 520,000.

    In addition, ABS-CBN’s strategy had been based on luring customers via offering exclusive access to television content via its iWant TV app. But the company has since altered its model to open up access to iWant TV to Globe and rival mobile operator Smart.

  • Alibaba groups with Shanghai Media Group

    Alibaba groups with Shanghai Media Group

    Alibaba Group has signed a strategic settlement with Shanghai Media Group to leverage each corporations’ Web know-how and media assets to penetrate China’s monetary info providers business.

    As a part of the settlement, Alibaba Group intends to take a position RMB1.2 billion (US$193.6 million) into China Enterprise News (CBN), a number one Chinese language monetary media firm underneath SMG, to create a monetary knowledge and knowledge providers firm that may assist Chinese language small and medium enterprises faucet a wealthy mine of monetary knowledge.

    Through the use of Alibaba Group’s huge knowledge and cloud computing capabilities, each corporations will collectively develop a complete monetary knowledge and knowledge platform that may present customers with well timed monetary information and knowledge with a view to improve their funding and monetary decision-making capabilities.

    The goal of this platform is to boost the bar on enterprise effectivity in China by leveling the knowledge enjoying area. By giving a higher variety of Chinese language enterprises entry to valuable monetary knowledge that may be simply mined and analysed for actionable funding and enterprise selections, this platform is predicted to assist these enterprises scale and broaden their companies.

    At present, Alipay and CBN are collaborating to offer customers with inventory quote info and CBN’s wealth administration info product may even quickly launch on Cellular Taobao. Alipay is a part of Ant Monetary Providers Group, a associated get together of Alibaba Group. Alibaba Group and SMG may also work towards enhancing digital and conventional media convergence within the business via the launch of progressive new media merchandise for the market.

    “The period of Knowledge Know-how is right here and it’ll surpass the Info Know-how period. The DT period is about transparency, sharing of data and enabling others. Alibaba is happy concerning the prospects of the DT period and the way it can deliver worth to society,” stated Alibaba Group founder and government chairman Jack Ma.

    This strategic settlement with SMG is predicted to assist Alibaba Group develop DT-era services to complement the lives of Chinese language customers, be it in academia, enterprise or media sectors.

    Via this tie-up, CBN is well-poised to increase its monetary media info providers and proceed to innovate in China’s conventional monetary media business. CBN is China’s main monetary media group with quite a lot of media belongings, comparable to tv, radio, newspaper, journal and information businesses.

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