ScaleLab is expected to receive $12 million upfront and another $8 million later if business targets are achieved two years after the merger. ScaleLab executives have said the company agreed to the sale because it requires an infusion of funds to expand operations and desired to integrate with Yeah1’s media ecosystem. ScaleLab plans to expand into Asia, where Yeah1 connects Asian talents and influencers with the international market. Tri Dao Phuc, CEO of Yeah1, said the strategy over the next three years is to "acquire premium social media brands, optimize our existing channels to boost viewership and performance." Headquartered in Hollywood, the U.S., ScaleLab is best known as the Youtube partner of Jake Paul, Jimmy Donaldson, Mariale Marrero, Erika Costell, Katie Angel, and many other YouTube stars. It has a roster of 1,750 influencers and 400 million subscribers, and gets three billion Youtube views a month. The five-year-old company was recognized as the … [Read more...] about Vietnam digital media giant acquires US network
U s digital media
The fast-growing country will be only the third Southeast Asian nation to host an F1 race as the glitzy franchise seeks to tap new regional markets after an $8 billion takeover by U.S. firm Liberty Media last year. Hanoi, confirmed as host on Wednesday, was far from an obvious choice: it's not the richest city in the region, and motorsports remain on the fringe in the football-mad nation. But with its 10-year F1 deal worth tens of millions, Vietnam has promised to succeed where some other Asian countries, India, South Korea and Malaysia, have not. Facing financial strains, all three pulled the plug on hosting the race in the past five years, a warning sign for ambitious cities tempted to enter the costly sport. "They (F1) can't really afford a failure," said Laurence Edmondson, ESPN's F1 editor. Asia's shining example is Singapore, whose glittering, downtown night race quickly became a mainstay of the F1 circuit. In the right market, F1 races can rake in tens of millions of dollars … [Read more...] about Pitlanes and pitfalls: Vietnam’s bid to avoid F1 flop
Trump, Obama tout clashing visions of U.S. as elections near U.S. President Donald Trump attends a campaign rally, ahead of midterm elections, at Pensacola International Airport in Florida, U.S., November 3, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - Republican Donald Trump and Democrat Barack Obama made duelling election appearances on Sunday, offering sharply different views on the country’s problems but agreeing on the high stakes for voters in the final 48 hours of a tight campaign. With opinion polls showing dozens of tight U.S. congressional and gubernatorial races in Tuesday’s election, the current and former presidents said the results would determine what kind of country Americans live in for the next two years. “This election will decide whether we build on this extraordinary prosperity we have created,” Trump told a cheering crowd in Macon, Georgia, warning that Democrats would “take a giant wrecking ball to our economy.” … [Read more...] about Trump, Obama tout clashing visions of U.S. as elections near
China September exports surge, creating record surplus with U.S. despite tariffs The Saigon Times Daily Shipping containers are seen at a port in Shanghai, China July 10, 2018 - PHOTO: REUTERS BEIJING (REUTERS) - China’s vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already-heated dispute between Beijing and Washington. Analysts said last month’s strong export growth - which might indicate U.S. tariffs are not biting much yet - is unlikely to be sustained. But the robust numbers reported on Friday by China’s customs agency - the last ones from China before U.S. congressional elections on Nov. 6 - could prompt a reaction from U.S. President Donald Trump. September exports rose 14.5% from a year earlier, the fastest pace since February, the customs data showed. That was well above August’s 9.8% and a Reuters poll forecast of 8.9%. “The big … [Read more...] about China September exports surge, creating record surplus with U.S. despite tariffs
Photo: VGP The VELP 2018 takes place at Harvard University in Cambridge, Massachusetts, on June 28-29, featuring discussion on the trends of the world economy. During the discussion sessions, Deputy PM Hue and members of the Vietnamese delegation provided information about Viet Nam’s socio-economic development situation, as well as the country’s guidelines, foreign policy and policies on sustainable development and social security. Photo: VGP Vietnamese delegates openly exchanged ideas on the achievements and challenges of the Vietnamese economy, in addition to the policy priorities that Viet Nam should focus on in order to improve the growth quality and ensure long-term sustainable development and social equality. On the occasion, some other contents, including the technology transfer policies of countries in the world, the role of cities as a driver of national competitiveness, the allocation of budget between localities, and the handling of … [Read more...] about Deputy PM Hue joins in VELP 2018 activities in the U.S.