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Tencent-backed Waterdrop faces pushback on IPO from Chinese regulators: sources

Chinese online insurance technology firm Waterdrop Inc is receiving pushback from domestic regulators on its planned U.S. initial public offering as its business model is seen as risky, four people familiar with the situation told Reuters. ....

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India pay-TV industry revenues to grow steadily

| 12 April 2021
With a projected 7% CAGR over the years from 2020-25 and a satellite industry described as ‘robust’, the Indian pay-TV market is set to show reasonable returns despite an unhelpful regulatory regime says a study from Media Partners Asia (MPA).
The report, entitled India Pay-TV Distribution 2021, predicts that the market will be spurred by more than 96% of India’s pay-TV homes being digitalised by 2025 with total pay-TV subscribers expanding from 127 million in 2020 to 134 million by 2025. Total industry revenues, including subscription and advertising, are set to reach US$12.3 billion by 2025.
MPA estimates that India’s active DTH homes will grow from 58 million in 2020 to more than 68 million in 2025. Looking at the potential wining platforms, cable’s share of pay-TV subscribers will decline from 54% in 2020 to 46% by 2025 while IPTV will pick up a small share after rolling out later in 2021. ....

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Exclusive: China's antitrust regulator bulking up as crackdown on behemoths widens

By Reuters Staff
5 Min Read
BEIJING/HONG KONG (Reuters) - China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country’s powerful companies, people with knowledge of the matter told Reuters.
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo
Beijing’s plan to bulk up the State Administration for Market Regulation (SAMR) comes as China revamps its competition law with proposed amendments including a sharp increase in fines and expanded criteria for judging a company’s control of a market. ....

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Credit Suisse : Swiss watchdog asked Credit Suisse on Greensill risks -SonntagsZeitung

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ZURICH (Reuters) - The head of Switzerland s financial regulator FINMA questioned Credit Suisse Group AG over risks in its dealings with now-insolvent finance firm Greensill Capital months before the bank was forced to close $10 billion of funds linked to Greensill, Swiss newspaper SonntagsZeitung reported on Sunday.
Alongside formal discussions on a technical level between the bank and FINMA, the watchdog s head Mark Branson personally discussed the risks with outgoing Credit Suisse Chairman Urs Rohner and Chief Executive Thomas Gottstein during a meeting on an unspecified date, the newspaper reported, citing information it had obtained.
FINMA and Credit Suisse declined to comment to Reuters. ....

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Experts sound the alarm on Canada's outdated 9-1-1 system

Ian Martens/The Globe and Mail
When a car rolls over or collides with something, sensors inside gather critical information such as the vehicle’s speed at impact, whether the airbags were deployed and how many people were inside.
Modern vehicles collect more than 120 pieces of data – information that could help an ambulance dispatcher determine whether to send advanced life support technicians and what kind of equipment the local hospital might need.
But Canada’s emergency communications system, which is based on 1970s technology, can’t access this data. Instead, workers at call centres staffed by the car manufacturers relay the information verbally to operators at Public Safety Answering Points (PSAPs), government-run centres that handle 9-1-1 calls. The system is not only time-consuming but also error-prone, says Holly Barkwell, the Canadian regional director for the National Emergency Number Association (NENA), an international organization focused on 9-1-1 ....

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