In this weekly segment, ExchangeWire sums up key industry updates in ad tech from around the globe. In this edition: Chinese holdings giant Alibaba acquires a majority stake in supermarket chain Sun Art Retail; the EU’s data supervisor, the Belgium-based DPA, declares that the IAB Europe’s TCF does not comply with GDPR; the DOJ launches a landmark lawsuit against Google over allegations of monopolistic business practices in Search; and short-form video platform Quibi throws in the towel.Alibaba bolsters ecommerce offering [...]

Read more

In today’s ExchangeWire news digest: short-form video streaming platform Quibi closes its doors for good, just 6 months after launching; ViacomCBS announces that its restructuring its senior management team to put streaming front-and-centre; and the US adds a further 6 Chinese news outlets to its “foreign mission” listing.   Quibi closes its doors for good   Short-form content platform Quibi is shutting down after just 6 months of operating. Having been dogged by difficulties since launching in April, it was the company’s failure to [...]

Read more

In today’s ExchangeWire news digest: the US Department of Justice has filed a lawsuit against Google, accusing the tech heavyweight of anticompetitive business practices; Snap over-achieves in Q3, beating analysts’ revenue and user predictions; and Netflix misses its Q3 subscriber estimates, but remains philosophical.   DOJ launches lawsuit against Google   The US Department of Justice (DOJ) has filed a landmark lawsuit against big tech firm Google for allegedly misusing its market dominance to sustain a monopoly over search and search advertising. The case marks [...]

Read more

In today’s ExchangeWire news digest: Ireland’s DPC launches an investigation into Instagram over how it treats the data of its underage users; Belgium’s DPA reports that IAB Europe’s transparency framework does not meet GDPR requirements; and 5G is expected to generate over $350m in revenue by 2025.   Instagram faces DPC investigation over handling of children’s data   Instagram is facing an investigation from Ireland’s Data Protection Commissioner (DPC) over its handling of the personal data of its underage users. The probe follows reports [...]

Read more

In today’s ExchangeWire news digest: Chinese holdings firm Alibaba enhances its ecommerce output by increasing its shares in supermarket chain Sun Art; research from Global Market Insights forecasts that the VOD market will reach $175bn by 2026; and the Trump administration renews its campaign to bar new downloads of TikTok within the country.   Alibaba bolsters ecommerce offering with majority stake in China’s Sun Art   Holdings titan Alibaba has announced that it plans to buy a majority stake in supermarket chain Sun Art. [...]

Read more

In this weekly segment, ExchangeWire sums up key industry updates in ad tech from around the globe. In this edition: former Australian prime minister Kevin Rudd launches a petition for an investigation into News Corp; Twilio acquires tech start-up Segment for $3.2bn; Disney turns its attention to bolstering its streaming offering; and US ecommerce jumps to levels unprecedented until 2022.   Former Australian PM calls for royal commission into News Corp   Former Australian prime minister Kevin Rudd has called for a royal commission into [...]

Read more

In today’s ExchangeWire news digest: a report from eMarketer finds that ecommerce spend in the US has risen to levels previously anticipated in 2022; WarnerMedia announces it will discontinue its HBO and WB TV services in South Asia before the end of the year; and the VAB reports that US national TV ad spend from new marketers increased in the first half of 2020.   Ecommerce expected to soar beyond 2022 levels in US   A report from eMarketer has stated that US e-commerce [...]

Read more

In today’s ExchangeWire news digest: a restructuring of Disney sees the company turn its focus to its streaming output; Huawei is rumoured to be looking to sell off its budget handset unit, Honor; and research from Ampere Analysis finds that AVOD viewership has increased in the US.   Disney puts streaming at its heart   The Walt Disney Company is directing its energy towards growing its streaming offering, particularly its on-demand platform Disney+. The entertainment behemoth announced on Monday (12th October) that it has [...]

Read more