The Weekly News Update is a weekly roundup of business news from around the Asia-Pacific region, covering Fusion Consulting's core industry practices: chemicals, consumer & retail, financial services, industrial & logistics, information & communication technology, life science and media & leisure. If you have colleagues or friends who may be interested in subscribing, please forward this email to them and copy knowledge@fusionc.com


 
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Media & leisure 


China - Online game market hit US$1.8 billion in 2007
Source: Xinhua News Agency, 15 March 2008

China's online game market surged 66.7% year-on-year to hit RMB12.8 billion (US$1.8 billion) in 2007. Shanda ranked the first with a market share of 19.3% while the runner-up Netease took 15.1%, followed by Giant Interactive Group who took 11.9%. iResearch predicts China's online game market will hit RMB19.1 billion (US$2.7 billion) in 2008 and RMB40.1 billion (US$5.7 billion) in 2011.

Meanwhile, Giant Interactive Group has partnered Huawei Technologies to research server platforms for online game applications. The research partnership with Huawei will further extend Giant's competitive strengths in terms of server technology.


China - China has world's biggest internet population
Source: TelecomAsia, 14 March 2008

China has overtaken the United States in the number of online users to become the world's largest internet market. The China Internet Network Information Center (CNNIC) says China's internet users numbered 210 million at year-end 2007, while Nielsen/NetRatings put the United States total at 216 million.

Beijing-based consultancy BDA says that by now China will have "comfortably surpassed" the United States as the biggest market by user numbers. BDA says the United States still far outstrips China in the value of internet content, advertising and e-commerce, but expects e-commerce to become the next boom sector in China as businesses and retailers take advantage of the mass market of consumers already online.


India - Telecom firms face uphill climb in IPTV
Source: TelecomAsia, 13 March 2008

Indian telecom firms, seeking to increase revenue and stimulate demand by offering IPTV services, face hurdles of high costs. IOL Netcom and Aksh Optifibre are battling high costs as television broadcasters charge telecom companies much more than cable operators for programme feeds. IOL and Aksh have tied up with MTNL in Mumbai and Delhi and with BSNL in other areas to provide IPTV services on the state-owned carriers' broadband network.

Another big hurdle to popularising IPTV is the low broadband penetration. TRAI figures show India's broadband subscriber base at 3.24 million at the end of January 2008, with less than one million new users added between April 2007 and January 2008.


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This Weekly News Update is a free newsletter, providing a round-up of the week's Asia-Pacific news from our core industry practices. If you have colleagues or friends who may be interested in subscribing, please forward this email to them and copy knowledge@fusionc.com.

Fusion Consulting is a business intelligence consultancy providing clear strategic advice on Asia-Pacific markets. With offices in Shanghai, Singapore and Hong Kong and 400 industry consultants in 16 countries, we conduct custom research and consulting to help companies understand their markets, compete more effectively and grow into new areas of opportunity. Email
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