BEIJING (Reuters) – Some of China’s National Basketball Association (NBA), fans have been asking for a streaming subscription, the repayment of the exclusive service provider Tencent to be in the middle of the floor on the freedom of speech, a row, a move that could lead to the tech giant’s financial pain.
Tencent Holdings (0700.HK) has been an exclusive digital partnership with the NBA in July, and securing the rights to stream from the US and play in China, a market with an estimated 500 million fans around the world.
However, the Chinese social-media giant is behind the famous app WeChat now has a ” corporate casualty of the first floor of the row stirred up by the Houston Rockets and general manager Daryl Morey, who expressed support for Hong Kong’s protest, in a tweet over the weekend.
To ask a man in the mainland of China, as well as the local sponsors of the games have been drawn.
Tencent stopped its broadcasts of games in which the Rockets over the weekend and later said it would stop broadcasting the entire pre-season after the national basketball association (NBA commissioner Adam Silver has expressed his support for the Morey’s “the freedom of political expression is” on the way to france.
It is said the users have to subscribe to the Rockets games, you can switch to any of the feeds from other NBA teams, or ask for a refund.
The repayments have become a hot topic online with more than 3 million views on the Twitter-like Weibo social media platform on Wednesday. Some of the users claimed that they had received an automatic refund, ranging from 20 yuan, up to a total of 264 yuan ($2.80-$37, depending on which packages they are in.
Tencent declined to comment on the refund.
The Houston Rockets and is one of the most popular NBA team in China, after the establishment of the Chinese player Yao Ming with the first overall pick in the 2002 draft. He was a star and helped with the construction of the national basketball association (NBA following in China.
FILE PHOTO: Tencent the company’s name is displayed at a press conference in Hong Kong, China, March 17, 2016. (REUTERS photo/Bobby Yip/File Photo
Tencent extended its NBA partnership through 2024-25 season, in July, according to an NBA statement. The value of the deal were not disclosed, but the Chinese sports, news, portal, Lanxiong Sports reported was worth around $1.5 billion.
There are almost 500 million people watched the last season of the national basketball association (NBA games on Tencent’s video platform, one-to three-fold since the 2014-15 season, which Tencent said in mid-July.
Tencent isn’t the only firm to distance themselves from business dealings with the NBA. Chinese Smartphone maker Vivo, a state-run broadcaster, CCTV, and sports apparel maker ANTA Sports Products Ltd (2020.HK) has already stopped the cooperation with the national basketball association (NBA on Monday.
Reporting Yingzhi Yang, young Woo; Editing by Miyoung Kim and Gerry Doyle