China’s smaller cities spend the most on video games nationally: Report

People visit the stand of Tencent’s mobile game ‘Glory of Kings’ during the 2020 China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on July 31, 2020 in Shanghai, China.

Zhou You | VCG via Getty Images

SINGAPORE — Video games are booming in China’s smaller cities, with citizens there accounting for more than half of revenue nationally, according to a recent report by Niko Partners.

“76% of gamers in China live in Tier 3-5 cities, accounting for 70% of game revenue,” Niko Partners said in a synopsis of its China Gamers Report.

Cities in China are classified by tiers based loosely on population and economic size. For example, places such as capital Beijing and Shenzhen are generally considered tier-one cities, while lower-tier cities are smaller.

The country is the world’s top game market and will generate an estimated $40.85 billion in revenue this year, according

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SAP pledges to spend more on social, diverse businesses



FILE PHOTO: SAP logo at SAP headquarters in Walldorf


© Reuters/Ralph Orlowski
FILE PHOTO: SAP logo at SAP headquarters in Walldorf


BERLIN (Reuters) – SAP will try to allocate 5% of its procurement spending to social enterprises and diverse businesses by 2025 to encourage greater social and environmental responsibility.

The German software group, which has 440,000 clients, appealed on Tuesday to other companies to join it in supporting small businesses owned and run by women or minorities.

SAP’s procurement initiative follows its launch in June of a product to help firms track greenhouse gas emissions in supply chains, backing a view that being transparent about their carbon footprint will be good for business.

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The new initiative relates to so-called addressable spend, the share of a company’s procurement budget that can be allocated to social

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Australia to Spend $575M on Tech Including Blockchain to Boost Pandemic Recovery

Australian Prime Minister Scott Morrison

Australian Prime Minister Scott Morrison has announced that the federal government has set aside nearly A$800 million (US$575 million) to invest in digital technologies as part of its coronavirus recovery plan.

  • Morrison announced the news Tuesday, saying that the funding is aimed to help the country’s businesses recover from the economic effects of the COVID-19 outbreak, as well as create more jobs.
  • While Australia hasn’t been hit as badly as nations like the U.S. and India by the virus, it’s still seen around 27,000 cases and nearly 900 deaths in total, according to its official figures.
  • After seeing growth for a record 30 years, the coronavirus has now tipped the country into a recession as lockdowns sent spending spiraling.
  • The US$575 million investment, to be concreted in the 2020 budget, is part of Morrison’s plan to bounce back from the pandemic.
  • In the announcement, he sets out that varying amounts
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You don’t need to spend $1,000 on a phone. Here’s how to get a smartphone for under $300.



graphical user interface, application, icon: TCL 10L is a budget phone for under $250


© TCL
TCL 10L is a budget phone for under $250

The LG Stylo 6 phone comes with a 6.8 inch screen that’s bigger than the iPhone 11 Pro Max, has a stylus and a hefty 64 GB of internal storage – on par with the iPhone and Galaxy.

What’s also different is the retail price: $299 vs. the other phones, which both start in the $1,000 range?

That’s the good news. The phone could appeal to those looking for basic calls, texts and email reading, but when it comes to moving files, watching video and the like, you’ll probably want to shop elsewhere. The Stylo 6 has picked up good reviews for most of its features except for one very important one – sluggish performance.

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That’s the tradeoff you’re going to have to

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Japan’s NTT to Spend $38B to Buy Out, Take DoCoMo Private | Business News

By ELAINE KURTENBACH, AP Business Writer

MITO, Japan (AP) — Japanese telecoms giant Nippon Telegraph & Telephone, or NTT, announced Tuesday it will spend 4.3 trillion yen ($38 billion) to buy out and take private its mobile unit NTT DoCoMo in one of the largest ever deals of its kind.

NTT and NTT DoCoMo executives released details of the plan Tuesday.

The move is intended to enhance the competitiveness of the NTT group as it consolidates its services, said NTT’s CEO Jun Sawada.

“We want to be a game changer,” Sawada said.

He said that between Sept. 30-Nov. 16 the company would buy DoCoMo’s shares at a price of 3,900 yen. DoCoMo’s shares were last trading at 3,213 yen. NTT held about 66% of DoCoMo’s shares as of March 31.

The acquisition will be financed by bridge loans, not a share offering, the company said.

The restructuring dovetails with newly

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Japan’s NTT to spend $38B to buy out, take DoCoMo private

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Hackers Keep Hitting Financial Services Despite Hefty Cyber Spend

Rod Holmes, vCISO, The Crypsis Group.

Financial services organizations consistently outspend most of their vertical sector peers in cybersecurity staff, tools and associated investments, but the cyber hits just keep coming. According to our recent report, the financial services industry received the highest number of business email compromise (BEC) attacks in 2019 and the second-most cyber incidents across all types, following the healthcare sector.

For years, financial services has led the pack in cybersecurity spending. In 2015, for example, a Homeland Security Research study concluded the U.S. financial services cybersecurity market was the largest and fastest-growing nongovernmental market in cybersecurity.

In 2019, financial services companies dedicated between 6% and 14% of their annual IT budgets to cybersecurity (an average of 10%), according to a Deloitte study. (Current recommendations are between 4% and 10%; however, most companies fall short). In light of increasing Covid-19-related threats, these institutions plan to

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Radio ad spend is set to decline by 25% in 2020

  • Insider Intelligence publishes thousands of research reports, charts, and forecasts on the Media, Advertising, and Marketing industry. You can learn more about becoming a client here.
  • The following is a preview of the US Digital Audio Ad Spending 2020.

During the pandemic and ensuing lockdowns, fewer people commuted to work every day, and many local businesses cut their marketing budgets as they fought to stay open. These conditions have strained the radio advertising market.

eMarketer how has us radio ad spending forecast changed 2017 2024 billions 2017 2024 256598

US radio ad spending is expected to decline by 25% this year.

eMarketer


In our March 2020 forecast, US radio ad spending was expected to decline just 1.0%. We now anticipate a 25.0% drop. Ad spending declines in traditional channels are part of a long-standing trend, but the pandemic further deepened the decrease in radio ad spending.

We expect radio ad spending to partially rebound next year, rising 16.8% to $12.18 billion. But that will be

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