Billionaire Richard Li’s streaming business is on a roll, mulling a potential initial public offering after its platform Viu beat Netflix in subscribers in one of Asia’s most competitive markets.
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Naspers affiliate Tencent is buying certain assets of iFlix, a struggling streaming platform with about 25 million users focused in South and Southeast Asia.
Netflix rival Iflix, a video streaming service that focuses on emerging markets in Africa and elsewhere, has secured US$133m (about R1.8bn) in new funding in a round led by US media giant Hearst. The company
Iflix plans to launch in several African markets in the in the coming months as it gears up to expand its subscription video-on-demand service to users on the continent. The company said on Thursday that
Netflix and ShowMax rival Iflix, which is promising a lower-cost alternative video-on-demand service, will be launched in South Africa and six other African countries, including Kenya and Nigeria. The platform, which until now has focused
Iflix, a video streaming service with customers mostly in Southeast Asia, raised US$90m (about R1,2bn) in a round led by telecommunications giants Liberty Global and Kuwait-based Zain to take on Netflix and Naspers, which owns ShowMax, in Africa