Chinese streaming firm iQIYI is in negotiations to expand further into Southeast Asia through a venture with Indonesia’s Media Nusantara Citra.iQIYI announced its first step outside Chinese-majority territories in June, when it revealed a linkup in Malaysia with pay-TV leader Astro. It also operates in Taiwan.In April, the company said that it planned to make its app immediately available in 10 countries and territories in Southeast Asia, and then systematically build up local operations.Indonesia, Malaysia and Thailand, where Chinese rival...
Media Nusantara Citra
Hary
Tanoesoedibjo
CEO
A self-made billionaire and nationalist strongman, Tanoesoedibjo (aka “Hary Tanoe” or “HT”) took his fixation with friend Donald Trump to a new level in 2019, buying the president’s Beverly Hills mansion for $13.5 million — after building two Indonesian hotels that Trump Org would run and hosting the 2013 Miss World, among other parallels. Tanoe formed the right-wing Partai Perindo — Indonesian Unity Party — to support his political ambitions. Officially, he resigned as CEO of MNC Media, Indonesia’s largest broadcaster, in 2017, but he remains more than a figurehead. Content negotiations with Disney’s Hotstar sent his shares up 37 percent in the first half of 2019, suggesting the Canadian-educated former mutual-funds executive is successfully tapping into the vast potential of Indonesia’s middle class.