Friday, December 13, 2019

SoftBank's China strategy wobbles as key bets disappoint

Investors and some bankers looking at China-related deals say SoftBank's involvement, once a sign of promising prospects, was now viewed as a red flag that a company was likely overvalued. https://ift.tt/38GTo2j https://ift.tt/eA8V8J

NSDL ends Aadhaar e-sign services

With NSDL no longer supporting e-sign, brokerages and fintechs will now have to physically onboard customers. https://ift.tt/34k4qXJ https://ift.tt/eA8V8J

Data breach cost rises by 8% in 2 years

With cyberattacks becoming more sophisticated, the average cost of a malicious insider attack rose by 15% in 2019 from last year https://ift.tt/35vkBmB https://ift.tt/eA8V8J

Food delivery firms feast on binge watching

Streaming services like Netflix, Amazon Prime, Hotstar driving sales in food delivery, ready-to-eat, packaged food segments https://ift.tt/2EirTOw https://ift.tt/eA8V8J

TikTok, Facebook and Instagram bring music to labels' ears

Music companies such as T-Series, Times Music & Saregama set to earn over Rs 100 crore this year as users put posts on these platforms with their music. https://ift.tt/2LTCXps https://ift.tt/eA8V8J

Edtech firms see rising engagement on Tiktok

Companies like Gradeup, Toppr and Vedantu, which have struck strategic partnerships to create and share content, on the short video platform, claim seeing engagement levels that almost equal that of their Facebook and YouTube channels. https://ift.tt/34gmy4F https://ift.tt/eA8V8J

Micromax sales, director's pay down to a fourth in four years

Revenue for FY19 fell about 45%, reflecting the continuous gains made by Chinese firms https://ift.tt/2PIxVNt https://ift.tt/eA8V8J

MeitY urges the Finance ministry to bring back 4% exports sops on smartphones

The ministry of electronics and IT has approached the Finance ministry to reinstate the export duty credit scrips under Merchandise Export Incentive Scheme (MEIS) in order to evade a massive job loss from the smartphone industry. https://ift.tt/34iWkOY https://ift.tt/eA8V8J

Congressional panel chair asks Apple and Google if app devs are required to disclose any non-US ties, amid concerns of Chinese investment in apps like TikTok (Reuters)

Reuters:
Congressional panel chair asks Apple and Google if app devs are required to disclose any non-US ties, amid concerns of Chinese investment in apps like TikTok  —  WASHINGTON (Reuters) - The chair of a U.S. congressional panel wrote to Alphabet's (GOOGL.O) Google and to Apple (AAPL.O) …



Ping An's financial technology arm OneConnect closes flat on its first day of trading after raising $312M in its US IPO, which valued the company at $3.66B (Michael Hytha/Bloomberg)

Michael Hytha / Bloomberg:
Ping An's financial technology arm OneConnect closes flat on its first day of trading after raising $312M in its US IPO, which valued the company at $3.66B  —  - Shares close first day of trading at its $10 offer price  — Software company Bill.Com's performance tops week's U.S. IPOs



Thursday, December 12, 2019

Japan allocates another $9.9B to boost its chip, quantum computing, and AI endeavors, with an undisclosed amount going to chip startup Rapidus (Bloomberg)

Bloomberg : Japan allocates another $9.9B to boost its chip, quantum computing, and AI endeavors, with an undisclosed amount going to chi...