EBay picks 5.5% stake in India’s Paytm Mall


This post is by Manish Singh from TechCrunch


Click here to view on the original site: Original Post




EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another push to gain footprint in India’s fast-growing e-commerce market.

The two firms did not disclose financial terms of the deal, but a source familiar with the matter told TechCrunch that EBay has invested between $150 million to $200 million in Paytm Mall at a valuation of $3 billion, up from under $2 billion last year. Paytm Mall had raised about $650 million prior to today’s announcement, the source said.

The agreement will see more than a million products of EBay be made available for purchase to users on Paytm Mall, Vijay Shekhar Sharma, founder and CEO of Paytm said in a statement. “We will jointly select the inventory we want to bring here. It will be done in a month’s time,” he added. EBay will continue to operate its

Continue reading “EBay picks 5.5% stake in India’s Paytm Mall”

EBay picks 5.5% stake in India’s Paytm Mall


This post is by Manish Singh from TechCrunch


Click here to view on the original site: Original Post




EBay said today it is buying a 5.5% stake in e-commerce marketplace Paytm Mall as the global firm makes another push to gain footprint in India’s fast-growing e-commerce market.

The two firms did not disclose financial terms of the deal, but a source familiar with the matter told TechCrunch that EBay has invested between $150 million to $200 million in Paytm Mall at a valuation of $3 billion, up from under $2 billion last year. Paytm Mall had raised about $650 million prior to today’s announcement, the source said.

The agreement will see more than a million products of EBay be made available for purchase to users on Paytm Mall, Vijay Shekhar Sharma, founder and CEO of Paytm said in a statement. “We will jointly select the inventory we want to bring here. It will be done in a month’s time,” he added. EBay will continue to operate its

Continue reading “EBay picks 5.5% stake in India’s Paytm Mall”

Congressional testimony reveals some faults in Facebook’s digital currency plans


This post is by Jonathan Shieber from TechCrunch


Click here to view on the original site: Original Post




As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces significant obstacles to enacting its plans from both sides of the Congressional aisle.

In the second of what’s sure to be many (many many many) hearings in front of Congressional committees, David Marcus, the chief executive of Facebook’s new digital payments subsidiary, Calibra, faced hours of questions from Representatives on the House Financial Services Committee about the how and why of Facebook’s digital currency plans.

Facebook’s critics had questions about both sides of the company’s two-pronged approach to transforming the global financial services industry.

Marcus was able to avoid answering some of his toughest questioning by taking advantage of the grey area between Facebook’s role as the chief architect behind Libra (a financial instrument that uses blockchain technology to enable

Continue reading “Congressional testimony reveals some faults in Facebook’s digital currency plans”

Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million


This post is by Catherine Shu from TechCrunch


Click here to view on the original site: Original Post




Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8×8 in a deal worth about $125 million. The acquisition will help San Jose, California-based 8×8 expand in Asia, where Wavecell already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong.

Wavecell’s cloud API platform, which includes SMS, chat, video and voice messaging, is used by companies such as Paidy, Lalamove and Tokopedia. It has relationships with 192 network operators and partners like WhatsApp and claims its infrastructure is used to share more than two billion messages each year.

The terms of the deal includes $69 million in cash and about $56 million in 8×8 common shares. Founded in 2010, Wavecell’s investors included Qualgro VC, Wavemaker Partners and MDI Ventures.

In a prepared statement, 8×8 CEO Vik Verma said “8×8 is now the only cloud provider that owns the full,

Continue reading “Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million”

Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million


This post is by Catherine Shu from TechCrunch


Click here to view on the original site: Original Post




Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8×8 in a deal worth about $125 million. The acquisition will help San Jose, California-based 8×8 expand in Asia, where Wavecell already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong.

Wavecell’s cloud API platform, which includes SMS, chat, video and voice messaging, is used by companies such as Paidy, Lalamove and Tokopedia. It has relationships with 192 network operators and partners like WhatsApp and claims its infrastructure is used to share more than two billion messages each year.

The terms of the deal includes $69 million in cash and about $56 million in 8×8 common shares. Founded in 2010, Wavecell’s investors included Qualgro VC, Wavemaker Partners and MDI Ventures.

In a prepared statement, 8×8 CEO Vik Verma said “8×8 is now the only cloud provider that owns the full,

Continue reading “Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million”

How a Hong Kong startup gets caught up in US-China trade war


This post is by Rita Liao from TechCrunch


Click here to view on the original site: Original Post




Taylor Host has been operating his artificial intelligence startup out of Hong Kong for more than two years. The American entrepreneur has clients from Europe, North America and Asia, but he settled in the city for its adjacency to Southeast Asia and mainland China’s massive market.

Miro, which Host co-founded in 2017 with a British software engineer, had bootstrapped to six employees before raising a small note investment. Backed by Silicon Valley-based SOSV, it’s now seeking $2 million in a new funding round. As trade tensions between China and the U.S. drag on, the company is considering relocating for the first time because being a Hong Kong entity starts to turn off western investors.

Miro uses computer vision to tag images and videos of runners for the brands they wear. It then attributes that data — sporting goods purchases — to consumers profiles that are part of its

miro tech2
miro sxsw winner

Continue reading “How a Hong Kong startup gets caught up in US-China trade war”

How a Hong Kong startup gets caught up in US-China trade war


This post is by Rita Liao from TechCrunch


Click here to view on the original site: Original Post




Taylor Host has been operating his artificial intelligence startup out of Hong Kong for more than two years. The American entrepreneur has clients from Europe, North America and Asia, but he settled in the city for its adjacency to Southeast Asia and mainland China’s massive market.

Miro, which Host co-founded in 2017 with a British software engineer, had bootstrapped to six employees before raising a small note investment. Backed by Silicon Valley-based SOSV, it’s now seeking $2 million in a new funding round. As trade tensions between China and the U.S. drag on, the company is considering relocating for the first time because being a Hong Kong entity starts to turn off western investors.

Miro uses computer vision to tag images and videos of runners for the brands they wear. It then attributes that data — sporting goods purchases — to consumers profiles that are part of its

miro tech2
miro sxsw winner

Continue reading “How a Hong Kong startup gets caught up in US-China trade war”

FaceApp gets federal attention as Sen. Schumer raises alarm on data use


This post is by Devin Coldewey from TechCrunch


Click here to view on the original site: Original Post




It’s been hard to get away from FaceApp over the last few days, whether it’s your friends posting weird selfies using the app’s aging and other filters, or the brief furore over its apparent (but not actual) circumvention of permissions on iPhones. Now even the Senate is getting in on the fun: Sen. Chuck Schumer (D-NY) has asked the FBI and the FTC to look into the app’s data handling practices.

“I write today to express my concerns regarding FaceApp,” he writes in a letter sent to FBI Director Christopher Wray and FTC Chairman Joseph Simons. I’ve excerpted his main concerns below:

In order to operate the application, users must provide the company full and irrevocable access to their personal photos and data. According to its privacy policy, users grant FaceApp license to use or publish content shared with the application, including their username or even their real name, without

Continue reading “FaceApp gets federal attention as Sen. Schumer raises alarm on data use”

Toyota locks in more than a supply of EV batteries in deal with China’s CATL


This post is by Kirsten Korosec from TechCrunch


Click here to view on the original site: Original Post




Toyota needs more than a secure and steady supply of batteries if it hopes to meet its ambitious global sales goal for electric vehicles. If it hopes to compete, the Japanese automaker will need better quality lithium-ion batteries that don’t squeeze profit margins.

The automaker is turning to Chinese EV battery supplier CATL for the answer. The companies announced Wednesday a wide-ranging partnership that covers the gamut of the battery ecosystem from developing new technology and locking in supply to improving product quality and reusing and recycling batteries.

Toyota said in June that it would partner with CATL, also known as Contemporary Amperex Technology Co Ltd and EV maker BYD for battery procurement. This new agreement widens the scope of the relationship.

The companies said the partnership was borne out of a shared belief that a stable supply of batteries is critical and that battery technology must be further

Continue reading “Toyota locks in more than a supply of EV batteries in deal with China’s CATL”

Instagram will now hide likes in 6 more countries


This post is by Greg Kumparak from TechCrunch


Click here to view on the original site: Original Post




Would the Internet be a better place if we all paid a little less attention to fake Internet points? Instagram is still trying to figure it out.

Just a few months back, Instagram started testing a design tweak that would no longer show the total number of “likes” other user’s posts had received. You could still see everyone that liked your photos and videos – but anyone else’s stuff? Don’t worry about it.

While the company hasn’t said much about how the tests are going so far, it seems they’re going well enough to expand them. Initially rolled out in just Canada, it’ll roll out to users in six more countries starting today:

  • Ireland
  • Italy
  • Japan
  • Brazil
  • Australia
  • New Zealand

Curiously, some users in Canada (the first country where hidden likes were tested) reported yesterday that likes had returned to their feed. Instagram confirmed to us that the testing

Continue reading “Instagram will now hide likes in 6 more countries”

Apple gives a sneak peak of its new Peanuts series with ‘Snoopy in Space’ trailer


This post is by Jonathan Shieber from TechCrunch


Click here to view on the original site: Original Post




As the U.S. commemorates the 50th anniversary of the moon landing, Apple took to the internet to give audiences a peak into the first of its new Peanuts series, “Snoopy in Space”.

The series will follow Charles M. Schulz’s characters as they take afield trip to a NASA location where Snoopy and . Woodstock are selected for a space mission.

Charlie Brown and the rest of the characters will staff mission control, while Snoopy and Woodstock fly into the great beyond.

The series is set to launch on Apple TV+ in the Fall.

Netflix reports first net subscriber loss in the U.S., misses global subscriber growth predictions


This post is by Darrell Etherington from TechCrunch


Click here to view on the original site: Original Post




Netflix’s continued subscription price hikes might finally have reached the end of some customers’ patience in the U.S., judging from an overall paid subscriber decline the company reported in its quarterly earnings for its fiscal second quarter 2019 results. The company’s overall growth for paid subscribers climbed by 2.7 million worldwide, but it actually added 2.83 million new subscribers around the world – while losing around 130,000 net in the U.S. to account for the difference.

Netflix’s price for consumers went up from $10.99 to $12.99 during its fiscal Q2 reporting period, which definitely could account for some of the fall-off. The company doesn’t seem to have anticipated such a strong reaction, however, since it had anticipated a net 5.0 million subscriber growth number as of last quarter, based at least in part on the 5.5 million it added in paying

Continue reading “Netflix reports first net subscriber loss in the U.S., misses global subscriber growth predictions”

Netflix reports first net subscriber loss in the U.S., misses global subscriber growth predictions


This post is by Darrell Etherington from TechCrunch


Click here to view on the original site: Original Post




Netflix’s continued subscription price hikes might finally have reached the end of some customers’ patience in the U.S., judging from an overall paid subscriber decline the company reported in its quarterly earnings for its fiscal second quarter 2019 results. The company’s overall growth for paid subscribers climbed by 2.7 million worldwide, but it actually added 2.83 million new subscribers around the world – while losing around 130,000 net in the U.S. to account for the difference.

Netflix’s price for consumers went up from $10.99 to $12.99 during its fiscal Q2 reporting period, which definitely could account for some of the fall-off. The company doesn’t seem to have anticipated such a strong reaction, however, since it had anticipated a net 5.0 million subscriber growth number as of last quarter, based at least in part on the 5.5 million it added in paying

Continue reading “Netflix reports first net subscriber loss in the U.S., misses global subscriber growth predictions”

Twitter officially launches its ‘Hide Replies’ feature, initially to users in Canada


This post is by Sarah Perez from TechCrunch


Click here to view on the original site: Original Post




Twitter today is beginning its test of a radical and controversial change to its service with the launch of a new “Hide Replies” feature. Effectively, this option gives users the ability to wrestle back control over a conversation they’ve started, by hiding any replies they feel aren’t worthy contributions — for example, replies that are irrelevant or outright offensive.

One of the problems with Twitter — and with many social networks, for that matter — is that an otherwise healthy conversation can easily be disrupted by a single individual or a small number of people who don’t contribute in a positive fashion. They come into a thread to start drama or they make inappropriate, rude or even hateful remarks.

Of course, users can choose for themselves to either Mute or Block people like this, which limits their ability to affect their own personal experience on Twitter. But this doesn’t remove

author1 1

Continue reading “Twitter officially launches its ‘Hide Replies’ feature, initially to users in Canada”

Twitter officially launches its ‘Hide Replies’ feature, initially to users in Canada


This post is by Sarah Perez from TechCrunch


Click here to view on the original site: Original Post




Twitter today is beginning its test of a radical and controversial change to its service with the launch of a new “Hide Replies” feature. Effectively, this option gives users the ability to wrestle back control over a conversation they’ve started, by hiding any replies they feel aren’t worthy contributions — for example, replies that are irrelevant or outright offensive.

One of the problems with Twitter — and with many social networks, for that matter — is that an otherwise healthy conversation can easily be disrupted by a single individual or a small number of people who don’t contribute in a positive fashion. They come into a thread to start drama or they make inappropriate, rude or even hateful remarks.

Of course, users can choose for themselves to either Mute or Block people like this, which limits their ability to affect their own personal experience on Twitter. But this doesn’t remove

author1 1

Continue reading “Twitter officially launches its ‘Hide Replies’ feature, initially to users in Canada”

For World Emoji Day, the Unicode Consortium redesigns its site to be more user-friendly


This post is by Sarah Perez from TechCrunch


Click here to view on the original site: Original Post




Ahead of World Emoji Day on Wednesday, July 17, Apple and Google announced plans to bring an expanded set of emoji to their respective platforms. Today, the Unicode Consortium, the nonprofit organization responsible for determining which emoji get the greenlight, is relaunching its website with an updated, modern design that aims to make its information more accessible to the general public.

Before, its website design was very basic — just text and links to various pages about the Consortium itself, the standard, miscellaneous FAQs, projects in progress, and other information. It looked like a technical resource, and certainly one that hadn’t been updated in years.

With an outdated layout, ancient social share buttons and boring font choices, it really looked more like an ancient government website than a resource designed for public consumption.

Screen Shot 2019 07 17 at 2.05.49 PM

Above: the old site 

That changes with the redesign. Not only is the site more mainstream-friendly,

Screen Shot 2019 07 17 at 2.08.25 PM

Continue reading “For World Emoji Day, the Unicode Consortium redesigns its site to be more user-friendly”

For World Emoji Day, the Unicode Consortium redesigns its site to be more user-friendly


This post is by Sarah Perez from TechCrunch


Click here to view on the original site: Original Post




Ahead of World Emoji Day on Wednesday, July 17, Apple and Google announced plans to bring an expanded set of emoji to their respective platforms. Today, the Unicode Consortium, the nonprofit organization responsible for determining which emoji get the greenlight, is relaunching its website with an updated, modern design that aims to make its information more accessible to the general public.

Before, its website design was very basic — just text and links to various pages about the Consortium itself, the standard, miscellaneous FAQs, projects in progress, and other information. It looked like a technical resource, and certainly one that hadn’t been updated in years.

With an outdated layout, ancient social share buttons and boring font choices, it really looked more like an ancient government website than a resource designed for public consumption.

Screen Shot 2019 07 17 at 2.05.49 PM

Above: the old site 

That changes with the redesign. Not only is the site more mainstream-friendly,

Screen Shot 2019 07 17 at 2.08.25 PM

Continue reading “For World Emoji Day, the Unicode Consortium redesigns its site to be more user-friendly”

Facebook’s regulation dodge: Let us, or China will


This post is by Josh Constine from TechCrunch


Click here to view on the original site: Original Post




Facebook is leaning on fears of China exporting its authoritarian social values to counter arguments that it should be broken up or slowed down. Its top executives have each claimed that if the U.S. limits its size, blocks its acquisitions, or bans its cryptocurrency, Chinese company’s absent these restrictions will win abroad, bringing more power and data to their government. CEO Mark Zuckerberg, COO Sheryl Sandberg, and VP of communications Nick Clegg have all expressed this position.

The latest incarnation of this talking point came in today and yesterday’s congressional hearings over Libra, the Facebook-spearheaded digital currency it hopes to launch in the first half of 2020. Facebook’s head of its blockchain subsidiary Calibra David Marcus wrote in his prepared remarks to the House Financial Services Committee today that:

“I believe that if America does not lead innovation in the digital currency and payments area, others will. If we

Senate Banking Committee Holds Hearing On Facebook's Proposed Crypto Currency
facebook logo down glitch

Continue reading “Facebook’s regulation dodge: Let us, or China will”

Daily Crunch: Neuralink prepares for brain-computer testing


This post is by Anthony Ha from TechCrunch


Click here to view on the original site: Original Post




The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here.

1. Elon Musk’s Neuralink looks to begin outfitting human brains with faster input and output starting next year

Musk said that in the long term, Neuralink really is about figuring out a way to “achieve a sort of symbiosis with artificial intelligence.”

For now, however, the plan is to use a robot that operates somewhat like a “sewing machine” to implant threads, which are incredibly thin, deep within a person’s brain tissue, where it will be capable of performing both read and write operations at very high data volume.

2. AI photo editor FaceApp goes viral again on iOS, raises questions about photo library access

In this current wave of virality, some new questions are floating

Continue reading “Daily Crunch: Neuralink prepares for brain-computer testing”

AT&T signs $2 billion cloud deal with Microsoft


This post is by Ron Miller from TechCrunch


Click here to view on the original site: Original Post




While AWS leads the cloud infrastructure market by wide margin, Microsoft isn’t doing too badly, ensconced firmly in second place, the only other company with double-digit share. Today, it announced a big deal with AT&T that encompasses both Azure cloud infrastructure services and Office 365.

A person with knowledge of the contract pegged the combined deal at a tidy $2 billion, a nice feather in Microsoft’s cloud cap. According to a Microsoft blog post announcing the deal, AT&T has a goal to move most of its non-networking workloads to the public cloud by 2024, and Microsoft just got itself a big slice of that pie, surely one that rivals AWS, Google and IBM (which closed the $34 billion Red Hat deal last week) would dearly have loved to get.

As you would expect, Microsoft CEO Satya Nadella spoke of the deal in lofty terms around transformation and innovation. “Together, we

Continue reading “AT&T signs $2 billion cloud deal with Microsoft”