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On March 24, it was reported that on the morning of March 23, Shen Zhulin, Vice Chairman of the National Development and Reform Commission (NDRC), met with Mr. Kelley, Chairman of the Executive Board of BASF Group, at the NDRC headquarters. The two sides exchanged views on topics including Chinas 15th Five-Year Plan (2016-2020), the green and low-carbon development of the chemical industry, and BASFs development in China. Shen Zhulin stated that the 15th Five-Year Plan (2016-2020) clearly defines key development directions such as green development, digitalization, building a strong domestic market, and expanding high-level opening-up, providing new development opportunities for foreign-invested enterprises, including BASF, in China. China welcomes BASF to expand its investment in China, strengthen technological innovation and the application of new technologies, increase product added value, and expand its development space.The UK CBI retail sales balance for March was -52, compared to -43 in the previous month.Market news: Israel says Iran’s latest missile launch has been intercepted, and debris was found in Kiriat Gat.The UKs March CBI retail sales balance will be released in ten minutes.On March 24th, at the companys earnings conference, Lu Weibing, head of Xiaomi Group, stated that the speed and magnitude of this round of memory price increases were higher than the company had anticipated, posing a significant challenge to Xiaomis operations. The lower the proportion of memory costs in the overall product cost, the smaller the impact on the product. Xiaomis balanced "people, car, and home ecosystem" allows the company to better cope with rising memory prices. Furthermore, the higher the price of the phone, the smaller the impact. With the advancement of Xiaomis high-end strategy, it can cope better than its competitors. Therefore, although the pressure is significant, Xiaomi is relatively better off; however, if it cannot withstand the pressure in the future, Xiaomi may also raise prices. Lu Weibing believes that more attention should be paid to what will happen after the price increase cycle. He predicts that it will intensify the reshaping of the industry landscape; on the one hand, some companies may even be eliminated; on the other hand, it will force companies to innovate more.

Exclusive-Netflix Signs Partnership With Japanese Animation Company in Push For Anime

Haiden Holmes

Apr 27, 2022 09:58

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Netflix is co-producing three feature films with Studio Colorido, including the September release "Drifting Home," as part of its increased investment in original animation. The film will also have a domestic theatrical release.


Netflix has found success with anime in both Japan, where over 90% of users watch it, and globally, where half of users tuned in last year, with competitors such as Amazon (NASDAQ:AMZN) and Disney also racing to offer such content.


"To win globally, we must first win locally," Kaata Sakamoto, Japan's vice president of content, told Reuters in an interview.


Asia-Pacific was the lone bright light in Netflix's first-quarter financial report, which revealed the world's largest streaming service lost members for the first time in more than a decade. The company stated that it is experiencing "impressive growth" in the region, particularly in Japan, where it announced 5 million users in September 2020.


Netflix has a broader audience than the industry's traditional target group of ardent anime lovers, Studio Colorido President Koji Yamamoto told Reuters.


The studio prefers storylines in which humans are ripped from their everyday lives by extraordinary happenings, like as 2018's "Penguin Highway," which follows a primary kid as he explores the unusual apparition of penguins in his town.


This family-friendly programming aligns with Netflix's aim of growing its content offerings in Japan, which includes the introduction of over 40 original anime titles, scripted dramas such as "First Love," and unscripted series such as "Last One Standing."


"We are increasing our commitment in Japanese content, not just in terms of volume, but also in terms of genre and format diversity," Sakamoto explained.


Additionally, Netflix has made arrangements with domestic broadcasters, which have been sluggish to adopt streaming, for material such as Nippon TV's long-running variety show "Old Enough!" The show, which features extremely young children performing errands for the first time while being filmed by disguised production employees, has garnered online attention.


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