Netflix and Tencent vie for Southeast Asia's eyeballs

Video streaming giants chase growing middle class as smartphones shove aside TV

20190619N Netflix Thai soccer team

Netflix, the top video streaming company in Southeast Asia, has secured exclusive rights to make a miniseries based on the rescue of a Thai soccer team from a flooded cave.

MARIMI KISHIMOTO and JUN SUZUKI, Nikkei staff writers

BANGKOK/JAKARTA -- Video streaming is king in smartphone-savvy Southeast Asia, and global heavyweights like Tencent Holdings and Netflix are battling along with regional tech companies over a burgeoning market set to expand into the tens of billions of dollars per year.

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