Hong Kong Billionaire Said to Plan African Rival to Netflix

Updated on
  • PCCW plans further international expansion for VoD service
  • Streaming service will also compete with Naspers's ShowMax

Streaming services are targeting Africa as wireless networks become more widespread and reliable, allowing the delivery of video in a region where landlines are scarce.

Photographer: Gallo Images via Getty Images

PCCW Ltd., controlled by Hong Kong billionaire Richard Li, is planning a video-on-demand service for South Africa that would compete with Netflix Inc. and Naspers Ltd.’s ShowMax, according to two people familiar with the matter.

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