Business trendsNetflix and Tencent vie for Southeast Asia's eyeballs
Video streaming giants chase growing middle class as smartphones shove aside TV
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.