The need-to-know takeaways from VidCon 2019


This post is by Eric Peckham from TechCrunch


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VidCon, the annual summit in Anaheim, CA for social media stars and their fans to meet each other drew over 75,000 attendees over last week and this past weekend. A small subset of those where entertainment and tech executives convening to share best practices and strike deals.

Of the wide range of topics discussed in the industry-only sessions and casual conversation, five trends stuck out to me as takeaways for Extra Crunch members: the prominence of TikTok, the strong presence of Chinese tech companies in general, the contemplation of deep fakes, curiosity around virtual influencers, and the widespread interest in developing consumer product startups around top content creators.

Newer platforms take center stage

GettyImages 1161447217

Photo by Jerod Harris/Getty Images

TikTok, the Chinese social video app (owned by Bytedance) that exploded onto the US market this past year, was the biggest conversation topic. Executives and talent managers were curious to see where

Continue reading “The need-to-know takeaways from VidCon 2019”

The need-to-know takeaways from VidCon 2019


This post is by Eric Peckham from TechCrunch


Click here to view on the original site: Original Post




VidCon, the annual summit in Anaheim, CA for social media stars and their fans to meet each other drew over 75,000 attendees over last week and this past weekend. A small subset of those where entertainment and tech executives convening to share best practices and strike deals.

Of the wide range of topics discussed in the industry-only sessions and casual conversation, five trends stuck out to me as takeaways for Extra Crunch members: the prominence of TikTok, the strong presence of Chinese tech companies in general, the contemplation of deep fakes, curiosity around virtual influencers, and the widespread interest in developing consumer product startups around top content creators.

Newer platforms take center stage

GettyImages 1161447217

Photo by Jerod Harris/Getty Images

TikTok, the Chinese social video app (owned by Bytedance) that exploded onto the US market this past year, was the biggest conversation topic. Executives and talent managers were curious to see where

Continue reading “The need-to-know takeaways from VidCon 2019”

Online shopping guide SMZDM surges 44% on China stock market debut


This post is by Rita Liao from TechCrunch


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When Chinese internet companies seek initial public offerings, they tend to look to the United States where rules for profitability are less strict. SMZDM, an online shopping guide that few people outside China have heard of, has joined a small rank of internet startups that are trading on public markets in mainland China.

SMZDM, short for Shen Me Zhi De Mai or “what’s worth buying” in Chinese, saw its shares soar nearly 44% on its first day of trading in Shenzhen. After pricing its IPO at 28.42 yuan ($4.13) and opening the day at 34.1 yuan, SMZDM closed at 40.92 yuan. This values the company at about 2.18 billion yuan ($320 million).

The company is raising 330 million yuan from the public offering and plans to spend the money on upgrading its big data capabilities so it can deliver more personalized content and services to

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No technical reason to exclude Huawei as 5G supplier, says UK committee


This post is by Natasha Lomas from TechCrunch


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A UK parliamentary committee has concluded there are no technical grounds for excluding Chinese network kit vendor Huawei from the country’s 5G networks.

In a letter from the chair of the Science & Technology Committee to the UK’s digital minister Jeremy Wright, the committee says: “We have found no evidence from our work to suggest that the complete exclusion of Huawei from the UK’s telecommunications networks would, from a technical point of view, constitute a proportionate response to the potential security threat posed by foreign suppliers.”

Though the committee does go on to recommend the government mandate the exclusion of Huawei from the core of 5G networks, noting that UK mobile network operators have “mostly” done so already — but on a voluntary basis.

If it places a formal requirement on operators not to use Huawei for core supply the committee urges the government to provide “clear criteria” for

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Hellobike, survivor of China’s bike-sharing craze, goes electric


This post is by Rita Liao from TechCrunch


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Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities.

Meanwhile, a new race has started for two-wheelers with motors — and one of the main players is a survivor from the bike-sharing craze. Blessed with fundings from the world’s most valuable fintech company Ant Financial through its Series D to F funding rounds, Hellobike provides a range of mobility services such as shared e-bikes and rented electric scooters to its 230 million registered users.

Electric push

Hellobike first launched in 2016 by deploying shared bikes in smaller cities and towns — where Ofo and Mobike were largely absent early on — rather than large urban centers like Beijing and Shanghai. This allowed Hellobike to largely avoid the cash splurging competition against Ofo and Mobike.

Ofo is now battling a major financial crisis

hellobike
hellobike

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Minimum investment for EB-5 investor green card expected to more than double


This post is by Arman Tabatabai from TechCrunch


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While not a startup visa, the EB-5 investor green card offers many entrepreneurs a path to a green card by investing money and creating jobs in the U.S. Under the EB-5 program, an entrepreneur’s family is also eligible for green cards.

Imminent regulatory changes to the EB-5 program are expected to make obtaining an EB-5 green card a whole lot more expensive. The minimum investment is anticipated to more than double to $1.35 million from the current $500,000. And with individuals from India expected to face a backlog for EB-5 green cards shortly, the opportunity to obtain an EB-5 green card at a relatively low cost and in a timely manner is closing.

Minimum investment for EB-5 investor green card expected to more than double


This post is by Arman Tabatabai from TechCrunch


Click here to view on the original site: Original Post




While not a startup visa, the EB-5 investor green card offers many entrepreneurs a path to a green card by investing money and creating jobs in the U.S. Under the EB-5 program, an entrepreneur’s family is also eligible for green cards.

Imminent regulatory changes to the EB-5 program are expected to make obtaining an EB-5 green card a whole lot more expensive. The minimum investment is anticipated to more than double to $1.35 million from the current $500,000. And with individuals from India expected to face a backlog for EB-5 green cards shortly, the opportunity to obtain an EB-5 green card at a relatively low cost and in a timely manner is closing.

Microsoft’s $399 Azure Kinect AI camera is now shipping in the U.S. and China


This post is by Frederic Lardinois from TechCrunch


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Earlier this year, at MWC, Microsoft announced the return of its Kinect sensor in the form of an AI developer kit. The $399 Azure Kinect DK camera system includes a 1MP depth camera, 360-degree microphone, 12MP RGB camera and an orientation sensor, all in a relatively small package. The kit has been available for pre-order for a few months now, but as the company announced today, it’s now generally available and shipping to pre-order customers in the U.S. and China.

Unlike the original Kinect, which launched as an Xbox gaming accessory that never quite caught on, the Azure Kinect is all business. It’s meant to give developers a platform to experiment with AI tools and plug into Azure’s ecosystem of machine learning services (though using Azure is not mandatory).

To help developers get started, the company already launched a number of SDKs, including a preview of a body-tracking

kinect developers

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Apple opens app design and development accelerator in China


This post is by Manish Singh from TechCrunch


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Apple has opened a design and development accelerator in Shanghai — its first for China — to help local developers create better apps as the iPhone maker looks to scale its services business in one of its key overseas markets.

At the accelerator, Apple has begun to hold regular lectures, seminars and networking sessions for developers, the company said this week. It is similar to an accelerator it opened in Bangalore about two years ago. In India, where Apple has about half a million app developers, the accelerator program has proven crucially useful, more than three dozen developers who have enrolled for the program have told TechCrunch over the years. Participation in the accelerator is free of cost.

Apple said more than 2.5 million developers from greater China, which includes Taiwan and Hong Kong, actively build apps for its platform. These developers have earned more than $29 billion through

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Cars-as-a-service, Alibaba and ridehailing, mental health, and the future of financial services


This post is by Danny Crichton from TechCrunch


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The future of car ownership: Cars-as-a-service

It’s Mobility Day at TechCrunch, and we’re hosting our Sessions event today in beautiful San Jose. That’s why we have a couple of related pieces on mobility at Extra Crunch.

First, our automotive editor Matt Burns is back with part two of his market map and analysis of the changing nature of how consumers are buying cars these days. Part one looked at how startups like Carvana, Shift, Vroom, and others are trying to disrupt the car dealership’s monopoly on auto sales in the United States.

Now, Burns takes a look at how startups like Fair and premium automakers like Mercedes are disrupting the very notion of owning a car in the first place. Rather than buying a car or leasing one, users with these new services are asked to subscribe to their cars, giving them the flexibility to get a

Continue reading “Cars-as-a-service, Alibaba and ridehailing, mental health, and the future of financial services”

Chinese electric carmaker Xpeng says Nio stock swings a ‘good lesson’ for rivals


This post is by Rita Liao from TechCrunch


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Seeing your competitor undergo dramatic changes in fortune can be unnerving as there’s the fear that the same will happen to you. For electric vehicle maker Xpeng, Nio’s period of stock swings is a wakeup call for China’s EV startup boom.

Xpeng and Nio are Tesla -like Chinese startups competing with more established automakers such as Warren Buffett-backed BYD . Like Tesla, Xpeng and Nio design, manufacture and sell EVs through company-owned online and offline channels.

Both have raised large sums of cash from noted investors. Xpeng itself is backed by Alibaba, Foxconn and Xiaomi founder Lei Jun . As late, it’s seeking to raise at least $500 million in funding.

Nio’s investors include Tencent, Hillhouse Capital and Shunwei Capital, a venture fund co-founded by Lei Jun. Its shares were trading at around $2.50 apiece in June, a big fall from the $11.60 high it achieved shortly after debuting on

Continue reading “Chinese electric carmaker Xpeng says Nio stock swings a ‘good lesson’ for rivals”

The Commerce Department will accept applications from companies that want to supply Huawei, but it remains blacklisted


This post is by Catherine Shu from TechCrunch


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About two months after Huawei was placed on the Commerce Department’s Entity List, the Chinese telecom equipment and smartphone giant will be able to do business with American suppliers again–but only if they get a license from the U.S. government. Commerce Secretary Wilbur Ross made the announcement during a department conference, adding that companies must first demonstrate that the technology they sell to Huawei will not put national security at risk.

Huawei will remain on the entity list, however, and license applications will be reviewed under a “presumption of denial,” making it likely that most will not be approved.

Last month while both presidents were in Japan for the G20 Summit, Donald Trump told Chinese leader Xi Jinping that he would allow U.S. companies to sell equipment to Huawei again, but the promise created confusion about how it would be carried out, with the Commerce Department instructing staff

Continue reading “The Commerce Department will accept applications from companies that want to supply Huawei, but it remains blacklisted”

Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship


This post is by Jon Russell from TechCrunch


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Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber it’s a situation that is not only normal but essential.

That’s according to the ride-hailing giant’s CTO, Thuan Pham, who talked about the complicated rivalry Uber has with China’s Didi Chuxing, which counts each other as investors. Uber famously exited China in 2016 — it has since left Southeast Asia and merged with a rival in Russia, too — and part of that deal saw it take nearly six percent of the Chinese company’s business while Didi got equity in Uber. Yet, years later, the two compete in the growing Latin America market, where Didi is making aggressive moves, and also in Australia.

“If you don’t have competition then you can become complacent because there’s no competition to challenge,” Pham said during an interview at

uber 2

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Meituan, Alibaba, and the new landscape of ride-hailing in China


This post is by Rita Liao from TechCrunch


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Instead of switching between apps to secure a ride during rush hour, people in China can now hail from different companies using a single app. Some of the country’s largest internet companies — including ride-hailing giant Didi itself — are placing bets on this type of aggregation service.

The nascent model is reminiscent of a feature Google Maps added in early 2017 allowing users to hail Uber, Lyft, Gett and Hailo straight from its navigation app. A few months later, AutoNavi, a maps app owned by Alibaba, debuted a similar feature in China. Other big names like Baidu, Hellobike, Meituan and Didi subsequently joined forces with third-party ride-booking services rather than building their own.

The trend underscores changes in China’s massive ride-hailing industry of 330 million users (in Chinese). The government is tightening rules around vehicle and driver accreditation, leading to a widescale driver shortage. Meanwhile, established carmakers including BMW

Continue reading “Meituan, Alibaba, and the new landscape of ride-hailing in China”

Meituan, Alibaba, and the new landscape of ride-hailing in China


This post is by Rita Liao from TechCrunch


Click here to view on the original site: Original Post




Instead of switching between apps to secure a ride during rush hour, people in China can now hail from different companies using a single app. Some of the country’s largest internet companies — including ride-hailing giant Didi itself — are placing bets on this type of aggregation service.

The nascent model is reminiscent of a feature Google Maps added in early 2017 allowing users to hail Uber, Lyft, Gett and Hailo straight from its navigation app. A few months later, AutoNavi, a maps app owned by Alibaba, debuted a similar feature in China. Other big names like Baidu, Hellobike, Meituan and Didi subsequently joined forces with third-party ride-booking services rather than building their own.

The trend underscores changes in China’s massive ride-hailing industry of 330 million users (in Chinese). The government is tightening rules around vehicle and driver accreditation, leading to a widescale driver shortage. Meanwhile, established carmakers including BMW

Continue reading “Meituan, Alibaba, and the new landscape of ride-hailing in China”

Fish replacement may be the next big wave in alternative protein development


This post is by Jonathan Shieber from TechCrunch


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Fish make up 16% of animal protein consumed globally, and demand is set to rise, according to the United Nations’ Food and Agriculture Organization, largely thanks to rising disposable incomes.

But overfishing is hugely problematic – and it’s not sustainable to continue with the way things are. Fish populations are being decimated – including the Pacific bluefin tuna, which is now at four percent of its original size. Industrial fisheries are using large machinery to trawl oceans, which traps and kills many other animals, including whales and dolphins.

In China alone, where demand for seafood dwarfs any other country, demand is rapidly growing. This is partly due to the African Swine Fever outbreak hitting pig farms affecting pork, and causing people to turn to other sources of protein. In addition, the country’s

GettyImages 1140243144

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Image recognition, mini apps, QR codes: how China uses tech to sort its waste


This post is by Rita Liao from TechCrunch


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China’s war on garbage is as digitally savvy as the country itself. Think QR codes attached to trash bags that allow a municipal government to trace exactly where its trash comes from.

On July 1, the world’s most populated city Shanghai began a compulsory garbage sorting program. Under the new regulations (in Chinese), households and companies must classify their wastes into four categories and dump them in designated places at certain times. Noncompliance can lead to fines. Companies and properties that don’t comply risk having their credit rating lowered.

The strict regime became the talk of the city housing over 24 million residents, who criticized the program’s inflexibility and confusing waste categorization. Gratefully, China’s tech startups are here to help.

For instance, China’s biggest internet companies responded with new search features that help people identify what wastes are “wet” (compostable), “dry”, “toxic”, or “recyclable”. Not even the most environmentally conscious

wechat garbage sorting
shanghai garbage

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Waresix hauls in $14.5M to advance its push to digitize logitics in Indonesia


This post is by Jon Russell from TechCrunch


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Waresix​, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old business.

This new investment, Waresix’s Series A, is led by EV Growth — the growth-stage fund co-run by East Ventures — with participation from SMDV — the investment arm of Indonesia corporation Sinar Mas — and Singapore’s Jungle Ventures . The startup previously raised $1.6 million last year from East Ventures, SMDV and Monk’s Hill Ventures. It closed a seed round in early 2018.

Waresix is aiming to digitize logistics, the business of moving goods from A to B, which it believes is worth a total of $240 billion in Indonesia.

A large part of that is down to the country’s geography. The archipelago officially has over 17,000, but there are five main ones. That necessitates a lot

Waresix trucks

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What everyone at a startup needs to know about immigration


This post is by Arman Tabatabai from TechCrunch


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The immigration process in the U.S. has become a high-stakes undertaking for employers, workers, and entrepreneurs. Predictability has eroded. Processing times have soared. And any mistake or misstep now has dire consequences.

Over the past three years, immigration policies and procedures have been in a state of flux and the process has become more unforgiving for even the smallest mistakes. Putting your best foot forward is crucial. Employers and individuals need to formulate a long-term strategy and backup options to stay protected.

The increase in Requests for Evidence and the backlog for many visa and green card categories has meant longer

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App revenue tops $39 billion in first half of 2019, up 15% from first half of last year


This post is by Sarah Perez from TechCrunch


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App store spending is continuing to grow, although not as quickly as in years past. According to a new report from Sensor Tower, the iOS App Store and Google Play combined brought in $39.7 billion in worldwide app revenue in the first half of 2019 — that’s up 15.4% over the $34.4 billion seen during the first half of last year. However, at that time, the $34.4 billion was a 27.8% increase from 2017’s numbers, then a combined $26.9 billion across both stores.

Apple’s App Store continues to massively outpace Google Play on consumer spending, the report also found.

In the first half of 2019, global consumers spent $25.5 billion on the iOS App Store, up 13.2% year-over-year from the $22.6 billion spent in the first half of 2018. Last year, the growth in consumer spending was 26.8%,

1h 2019 app revenue worldwide
1h 2019 app downloads worldwide
1h 2019 game revenue worldwide

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