Indian e-commerce logistics company Delhivery acquires Bengaluru-based Spoton Logistics, sources say for $300M in cash, ahead of a planned IPO (The Economic Times)

The Economic Times:
Indian e-commerce logistics company Delhivery acquires Bengaluru-based Spoton Logistics, sources say for $300M in cash, ahead of a planned IPO  —  Though financial details weren't disclosed, people familiar with the Delhivery-Spoton deal say it is an all-cash deal worth $300 million.

Kuaishou reports $3B in Q2 revenue, up 48.8% YoY and beating estimates, as net loss reached $1B; Kuaishou's value has declined by $180B since its Feb. debut (Zheping Huang/Bloomberg)

Zheping Huang / Bloomberg:
Kuaishou reports $3B in Q2 revenue, up 48.8% YoY and beating estimates, as net loss reached $1B; Kuaishou's value has declined by $180B since its Feb. debut  —  Kuaishou Technology's revenue beat estimates, defying China's stricter content control and intensifying competition with ByteDance Ltd.

Following Open AI's GPT-3, startups in China, South Korea, Israel, and Germany are building general purpose AI language tools for non-English languages (Will Knight/Wired)

Will Knight / Wired:
Following Open AI's GPT-3, startups in China, South Korea, Israel, and Germany are building general purpose AI language tools for non-English languages  —  Startups in Germany, China, Israel, and elsewhere are following the path blazed by GPT-3—with local twists.  —  The AI Database →

Apple, Google to Face Curbs on In-App Purchase Commissions in South Korea

A South Korean parliamentary committee voted to recommend amending a law, a key step toward banning Google and Apple from forcibly charging software developers commissions on in-app purchases, the... https://ift.tt/38bSyLN

Realme Narzo 20 Getting Hotfix for Camera Bug With Update

Realme Narzo 20 is getting an update that brings many bug fixes and improvements. Bundled with the update are the July and 2021 Android security patches. The update is being rolled out in a phased... https://ift.tt/3yft5vE

Samsung Galaxy Buds 2 Tipped to Cost Under Rs. 13,000 in India

Samsung Galaxy Buds 2 may be priced under Rs. 13,000, according to a new report in collaboration with a known tipster. The TWS earbuds were launched globally at $149.99 (roughly Rs. 11,100) in... https://ift.tt/38cSn2Q