![]() ![]() ![]() Tencent Music seeks pre-IPO funds at $10 billion value / Bloomberg Profit growth at state factories beats private firms / CaixinĬhina will be the world’s biggest film market by 2020 says media regulator / China Film InsiderĬhinese box office smash hit ‘Wolf Warriors’ set to become TV show / China Film InsiderĬhina company scraps deal for Hollywood’s millennium films / Bloomberg Gray rhinos and overseas investment ( ? )Īnbang sells stakes in Chinese megabanks amid troubles / Financial TimesĬhinese owner of Lenovo to buy major stake in Luxembourg bank / NYT (paywall)Ĭhina’s manufacturing activity blazes to six-month high, Caixin survey finds / Caixin.Lattice to seek Trump approval of China-backed takeover / Reuters Rather, it is experiencing growing pains.” “Apple’s business in China is not imploding. Note that EY defines fintech as “organizations combining innovative business models and technology to enable, enhance and disrupt financial services,” and its criteria for someone who has “adopted” the use of fintech is having “used two or more Fintech services in the last six months” (see pages 5-6 in report). EY argues that “although statements about future intent have limited reliability, they are nevertheless directionally indicative of consumer sentiment” (see page 20 in report). After gathering that data from 22,000 respondents, EY did an interesting thing: It “asked respondents about their future anticipated use,” and found that in India, 80 percent said they anticipated themselves becoming fintech users in the future, while in China, 77 percent said the same.The world average - also the rate in the U.S. Currently, 69 percent of China’s population has transitioned to fintech, while India has 52 percent adoption. ![]() But a study by accounting firm EY shows that China may soon have competition for this title from India, TechNode reports. Less than a third of the country does not use any form of fintech or digital payment service. “The problem is they don’t have the library there that many of their competitors do,” he said, alluding to the vast licensing agreements and back catalog of services like Netflix and Disney Plus.China is the world’s leader in adoption of new financial technology (fintech), which allows users to make payments and borrow, save, or invest money on the internet or by mobile phone. But Apple will need more than a few buzzy shows to keep subscribers, according to CFRA analyst Angelo Zino. “At least currently, they’re kind of getting a little lost in the shuffle,” he said.Īpple is building buzz for “The Morning Show,” which just won Jennifer Aniston a Screen Actors Guild Award and garnered several Golden Globe nominations. Consumers get a year of the streaming service for free with purchase of a new Apple device.Ĭonverting those users into paying customers might be tricky, said Steve Nason with Parks Associates. “The thing is, only a portion of those people are actually paying for it,” said analyst Neil Cybart with Above Avalon. Research firm Ampere Analysis estimates Apple has gained more than 30 million subscribers in the United States, more than Hulu or Disney Plus in the same period. ![]() Analysts will be watching for clues about how the service is doing in an increasingly crowded streaming market. Apple reports its earnings on Tuesday for the quarter that ended in December, a period that saw the launch of the company’s new streaming service, Apple TV Plus. ![]()
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