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But the?really big score for consumers was when Amazon said it will be the first streaming video service to have access to old HBO content.

But, Chinese companies face challenges as they expand globally, according to Gary Miller, a partner at the law firm Mishcon de Reya LLP in London.

But the latest figures, said Euromonitor's Hennely, "suggest the brand has entered a new phase, and Mr Bertelli's accompanying statement finally acknowledges the importance of the 'new generation' for the future of the group. After all, it is indeed tech-savvy millennials who are driving the vast majority of growth in the sector".

But such an approach is close to reaching its ceiling, I'd argue. For one, the downward pressure of the macroeconomy, the consequent capital shortage as well as the prohibitive cost of acquiring a new user in a largely saturated market mean growth is harder to sustain, let alone accelerate.

But the Berkeley deal is the first time Amazon itself has made a meaningful step toward becoming a news publisher. The announcement comes as Amazon ramps up its video offerings across a wide range of genres.