Sunday, April 5, 2020

India's Unified Payments Interface eliminated most of the fees apps like Paytm charged for transactions, forcing them to search for other sources of income (Manish Singh/TechCrunch)

Manish Singh / TechCrunch:
India's Unified Payments Interface eliminated most of the fees apps like Paytm charged for transactions, forcing them to search for other sources of income  —  After signing up hundreds of millions of users, startups switch to lending and lean on merchants in search of revenues



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...