WhatsApp Pay has now met all data localisation rules, NPCI tells RBI

"WhatsApp has satisfied the data localisation requirement based on the CERT-In auditor's report and we hereby are giving ICICI Bank (PSP bank for WhatsApp) the approval to go live," NPCI said in a letter dated June 5. https://ift.tt/2PiDSRE https://ift.tt/eA8V8J

China Will Not Accept US 'Theft' of TikTok, Says State Media

China will not accept the "theft" of a Chinese technology company and is able to respond to Washington's move to push ByteDance to sell short-video app TikTok's US operations to Microsoft, the China... https://ift.tt/31hluxT

Apple Sees $1.4-Billion Lawsuit Filed Against It by Chinese AI Company

Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co Ltd, also known as Xiao-i, has filed a lawsuit against Apple, alleging it has infringed on its patents. https://ift.tt/3i2NTyC

During the pandemic, users are increasingly turning to charts, infographics, and headlines on Instagram, benefiting accounts that post text-based info (Axios)

Axios:
During the pandemic, users are increasingly turning to charts, infographics, and headlines on Instagram, benefiting accounts that post text-based info  —  Instagram is in the midst of a transformation — what was once the place to share photos of food and social outings is quickly becoming a hub for information and advocacy.

With TikTok sale, China will lose control of its first global internet sensation and harden the suspicions inside China that US is sabotaging its tech growth (Wall Street Journal)

Wall Street Journal:
With TikTok sale, China will lose control of its first global internet sensation and harden the suspicions inside China that US is sabotaging its tech growth  —  Washington's push for Chinese company to sell American operations hardens suspicions in China that the U.S. aims to sabotage its technology

Donald Trump gives Microsoft ‘45-days deadline’ for TikTok

The move represents an about-face for Trump and prompted the U.S. tech giant to declare its interest in the blockbuster social media deal that could further inflame U.S.-China relations https://ift.tt/2PobPQA

Planning to buy a TV, AC, Fridge, washing machine during Amazon, Flipkart sale: 18 things not to miss

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Trump: U.S. should get 'substantial portion' of TikTok operations sale price

The turnaround came after Trump on Friday said he was planning to ban the Chinese-owned video app's U.S. operations as soon as Saturday after dismissing a possible sale to Microsoft. https://ift.tt/2Dg15S0 https://ift.tt/eA8V8J

Baidu Search, Weibo gets banned in India

Baidu has been testing waters in India, and the company wanted to increase its engagement in the country https://ift.tt/2Xm83eT https://ift.tt/eA8V8J

Twitter faces FTC probe over ad targeting practices

Twitter said it estimates probable loss of between $150 million and $250 million in settlement charges https://ift.tt/39UV4pW https://ift.tt/eA8V8J

DMart's ecommerce unit doubles sales but loss widens too

A year ago, its online business - DMart Ready - posted sales of Rs 144 crore with net loss of Rs 51 crore, according to the company's latest annual report. https://ift.tt/2Pk2ycf https://ift.tt/eA8V8J

Flipkart rolls out 'dark stores' for deliveries as it takes on Reliance's JioMart

Flipkart is aggressively ramping up food and grocery-specific warehousing capacity by lining up dozens of small storage spaces inside metro cities https://ift.tt/3k9aL1d https://ift.tt/eA8V8J

Realme Narzo 10, Realme Smart TV Go on Sale in India Today

Realme Narzo 10 and Realme Smart TV will go on sale in India. Both the devices will be available on Flipkart and Realme website at 12pm. While the phone will be available in That Blue, That Green, and... https://ift.tt/2Da6dHs

Homegrown short-video firms see early gains on the back of TikTok ban in India

MX Player-owned app takes lead with 23 mins logged per user, followed by Moj at 10 minutes and Josh at 7.4 minutes, shows SimilarWeb data https://ift.tt/2PlGAWr https://ift.tt/eA8V8J

With RIL eyeing Netmeds deal, online pharma set for consolidation

The developments have come at a time when the online pharma sector is expected to benefit from the Covid-19 pandemic going forward. https://ift.tt/3gDZGTX https://ift.tt/eA8V8J