Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Haier Smart Home Sees Profit Drop as Revenue Grows
Trending in China: Can You Stop People Giving ‘Too Much’ Money to Their Favorite Live-Streamers?
Trending in China: Concerns Over Traditional Chinese Comedy ‘Selling Out’ In the Digital Age
ByteDance Doubles Down On Education
Chinese Biotech Firm Gracell Nets $100m From Wellington, OrbiMed, Others
Alibaba’s Hometown Could Become First in China to Issue Facial Recognition Ban
Battery and Hybrid Cars Will Dominate China’s Roads in 15 Years
Trending in China: Do The Sins Of The Father Fall On Their Sons? Social Media Lambast Pop Star with ‘Deadbeat’ Dad
Chinese Electronics Panel Maker CSOT Reports Profit Growth as Demand Soars
Xiaomi Invests in Home Improvement Firm Amid Push into Internet of Things
TikTok Escalates Patent Fight With Triller Amid Sale Talks
Chinese Self-Heating Hot Pot Brand Zihaiguo Nets Over $50m in Series C Round Led by CICC
Xiaomi Leads India’s Smartphone Market with 26.1% Share
Trending in China: Are China’s Blue-Collar Wages Really Higher Than Graduate Salaries?
Trending in China: An End to Spam Calls? Real Estate Company to Give Money to Anyone Who Receives One
Trending in China: Patriotic War Film Overpowers Foreign-Made Feature, But Not Everyone Is Impressed
Shopify Partners with TikTok to Drive Online Sales
Lawson Tests Next Step of Convenience Store Evolution in China
PUBG Creator Krafton Hires Bankers for Possible Record IPO
Mobile Browser Crackdown Ensnares Big Names
Tencent Clinches Deal to Show England’s Premier League in China

By Bloomberg / Sep 18, 2020 04:29 AM / Business & Tech

Social media and gaming giant Tencent Holdings Ltd. will show English Premier League soccer in China after the previous local partner stopped paying broadcast fees.

The deal will bring some reassurance to clubs whose finances were thrown into turmoil when coronavirus lockdowns forced the suspension of the world’s wealthiest soccer league. China has been its most lucrative emerging market.

The league terminated its contract with local rights holder PPTV when it stopped payments, even after matches resumed. PPTV, owned by Suning Holdings Group Co., had a three-year contract worth more than 500 million pounds ($648.8 million), or about 25 million pounds per team over the length of the contract.

The dispute with PPTV was just the latest case of acrimony between the U.K. and China after relations between the countries deteriorated in recent months.

Under the deal agreed with Tencent, the company will show the rest of the season’s games on its digital platforms including WeChat, and Tencent Video, according to a statement. Clubs will be able to share short clips directly during matches to engage with fans in China. Financial terms weren’t disclosed.

It represents a new experiment for the Premier League, which has always favored traditional pay television when handing out broadcast rights in its most important markets. Tencent will show half of the matches free to users.

Big tech companies have entered the competition for major sports rights in recent years as a way to draw new audiences to their platforms — a move welcomed by the leagues as a way to boost their income. Inc. has been showing some Premier League games. However, Comcast Corp.’s European pay TV unit Sky still dominates the game in Britain.

Related: Video Streamer iQiyi Kicks Up Its Sports Game with FC Barcelona Tie-Up

Share this article
Open WeChat and scan the QR code