Hong Kong Billionaire’s Plans For Africa
PCCW, controlled by Hong Kong billionaire Richard Li, is planning a video-on-demand service for South Africa that would compete with Netflix and Naspers’s ShowMax. PCCW’s HKT unit will unveil the entertainment service in the weeks to come said one of the people, who asked not to be identified as the product hasn’t been made public yet. Telecommunications conglomerate PCCW bought a majority stake in mobile video-on-demand service Vuclip in March and plans to expand the service into new markets, including Africa. The challenges of capturing an audience of more than a billion people are tough and persuading users to accept the data costs that result from streaming are even tougher. Naspers wants to reduce this cost with plans to allow customers to download content rather than stream it when the company expands ShowMax beyond South Africa. As soon as the product is set free we will do a review on the unit to see how it stands up against Showmax and Netflix.