Wednesday, November 10, 2021

API Holdings, the parent company of Indian online pharmacy PharmEasy, files for a Mumbai IPO, seeking to raise as much as $843M (Julia Fioretti/Bloomberg)

Julia Fioretti / Bloomberg:
API Holdings, the parent company of Indian online pharmacy PharmEasy, files for a Mumbai IPO, seeking to raise as much as $843M  —  - API Holdings seeks 62.5 billion rupees in Mumbai IPO  — Indian firm joins flurry of listings amid strong stock rally



Cryptocurrency exchange Huobi says it will shut down operations in Singapore by March 2022, after exiting China in September (Helen Partz/Cointelegraph)

Helen Partz / Cointelegraph:
Cryptocurrency exchange Huobi says it will shut down operations in Singapore by March 2022, after exiting China in September  —  All Huobi clients in Singapore should close active positions and withdraw their digital assets before March 31, 2022.  —  213 Total views  —  26 Total shares



UK's Supreme Court dismisses a lawsuit against Google seeking $4B for allegedly tracking iOS Safari users without their consent between 2011 and 2012 (Ellen Milligan/Bloomberg)

Ellen Milligan / Bloomberg:
UK's Supreme Court dismisses a lawsuit against Google seeking $4B for allegedly tracking iOS Safari users without their consent between 2011 and 2012  —  - Supreme Court sides with Google in case seeking $4 billion  — Tech giant was accused of breaching its data-collection duties



London-based MFS Africa, which claims to be Africa's largest digital payments network, raises a $100M Series C, with $70M equity and $30M debt (Tage Kene-Okafor/TechCrunch)

Tage Kene-Okafor / TechCrunch:
London-based MFS Africa, which claims to be Africa's largest digital payments network, raises a $100M Series C, with $70M equity and $30M debt  —  Investor interest in African fintech continues to grab headlines with large fundraises.  Today, Africa's largest digital payments network MFS Africa joins the fray.



EU's General Court upholds a €2.42B fine against Google, levied in 2017, for abusing search engine dominance by promoting its own shopping service (Silvia Amaro/CNBC)

Silvia Amaro / CNBC:
EU's General Court upholds a €2.42B fine against Google, levied in 2017, for abusing search engine dominance by promoting its own shopping service  —  - Wednesday's verdict can be appealed and taken to the EU's highest court.  — This is not the first time that the EU's General Court …



How to enable dark mode for Google Maps on iOS

Google announced Dark Mode for the iOS version of Google Maps a couple of months back and it is already available for users running the latest version of the app. https://ift.tt/308HNtn

Facebook user data requests from Indian government increased in 2021: Meta

India with 45,275 requests was once again second to the US in terms of asking Meta (formerly Facebook) to provide user data in the first half of 2021, and social network restricted access in India to 442 items in response to directions from the Ministry of Electronics and Information Technology (MeitY). https://ift.tt/3F0xUwv

China's gaming crackdown pushes Tencent to slowest profit growth in two years

Chinese gaming and social media giant Tencent Holdings posted its slowest quarterly profit growth in two years on Wednesday, hurt by a gaming crackdown, and said the outlook for the advertising sector would remain weak into next year. Net profit for the three months through September rose 3% to 39.5 billion yuan ($6.18 billion), the company said in a statement. This beat analyst expectations who were predicting a decline, according to Refinitiv data. https://ift.tt/3knrWOv

Smartphone maker Xiaomi switches China playbook with eye toward EV showrooms

Chinese smartphone maker Xiaomi Corp is revamping its playbook in its home country by opening thousands of new stores to spur domestic sales growth in a highly competitive market, and provide a channel for its plans to sell electric vehicles. Xiaomi opened its 10,000th store on Oct. 30, capping a promise to double its offline... https://ift.tt/3oewfwC

India's 1st centre for research on drone tech in IIT-Guwahati

Union Minister of State Civil Aviation General V.K. Singh (retd.) launched India's first Centre for Excellence in Research on Drone/UAV Technology and Artificial Intelligence at Indian Institute of Technology, Guwahati. https://ift.tt/30hcCfd

Europe vs GAFAM: All About the Battle Against Big Tech

US tech giants Google, Apple, Facebook, Amazon, and Microsoft - collectively dubbed GAFAM - have been accused of not paying enough taxes, stifling competition, stealing media content and... https://ift.tt/3ojag7N

PepsiCo CEO Says Tesla Semis Likely to Be Delivered by Year-End

PepsiCo expects to take the delivery of the first Tesla Semi electric trucks before the end of this year. Speaking at the COP26 climate change summit in Glasgow, Scotland, the company's CEO Ramon... https://ift.tt/3C1LRZd

Google Maps Gets Dark Mode for iOS Users: How to Enable

Google started rolling out a Dark Mode for Google Maps on iOS. The latest feature will allow users to save battery life and the greyscale interface reduce eye strain by keeping a minimum contrast... https://ift.tt/3n2k86p

iPhone 13 Third-Party Screen Replacement to Be Allowed Without Breaking Face ID

iPhone 13 screen replacements may become easier as Apple has promised to release a software update that will allow swapping the screen without breaking Face ID. The move comes days after iFixit found... https://ift.tt/3D42HrM

Tencent reports Q3 revenue of $22B, up 13% YoY, net profit of $6.18B, up 3% YoY; sales from mobile games rose 9% to ~$6.65B (Reuters)

Reuters:
Tencent reports Q3 revenue of $22B, up 13% YoY, net profit of $6.18B, up 3% YoY; sales from mobile games rose 9% to ~$6.65B  —  Chinese gaming and social media giant Tencent Holdings (0700.HK) posted a 3% rise in third-quarter profit on Wednesday, beating analyst expectations as it flagged …



Australia's Senate votes to pass a social media ban for children under 16, brushing aside lawmaker concerns on both sides; tech companies could be fined A$50M (Ben Westcott/Bloomberg)

Ben Westcott / Bloomberg : Australia's Senate votes to pass a social media ban for children under 16, brushing aside lawmaker concern...