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Tag Archives: india

Tailor Brands, which helps companies develop brands using AI, raises $15.5M Series B co-led by Pitango Capital and UK-based Armat Group (Paul…

Paul Sawers / VentureBeat : Tailor Brands, which helps companies develop brands using AI, raises $15.5M Series B co-led by Pitango Capital and UK-based Armat Group   —  Tailor Brands, a company that uses artificial intelligence (AI) to create company brands, has raised $15.5 million in a series B round of funding led …

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AR startup Blippar says it’s closing its Mountain View office, which had 60+ engineering staff, following several executive departures and office…

Shona Ghosh / Business Insider : AR startup Blippar says it's closing its Mountain View office, which had 60+ engineering staff, following several executive departures and office closures   —  - One of the UK's best-funded startups, augmented reality firm Blippar, is abandoning Silicon Valley after shutting its third office in the space of two years.

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Fuse Universal, an employee training platform used by Spotify, Vodafone, and others, raises $20M in expansion funding from Fidelity’s Eight Roads…

Eric Auchard / Reuters : Fuse Universal, an employee training platform used by Spotify, Vodafone, and others, raises $20M in expansion funding from Fidelity's Eight Roads Ventures   —  LONDON (Reuters) - Fuse Universal, a learning management platform which companies use to train employees on phones and computers …

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Researcher finds Signal messages delivered on Mac stay in Notification Center, even when set to self-destruct, complete with message content and…

Lorenzo Franceschi-Bicchierai / Motherboard : Researcher finds Signal messages delivered on Mac stay in Notification Center, even when set to self-destruct, complete with message content and sender's name   —  If you use the Signal desktop app, be careful with your notification settings.  —  When it comes to protecting your messages …

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EA CFO Blake Jorgensen suggests Microsoft sold about 30M Xbox One consoles by the end of 2017, compared to 73M+ PlayStation sales during roughly the…

Brian Crecente / Variety : EA CFO Blake Jorgensen suggests Microsoft sold about 30M Xbox One consoles by the end of 2017, compared to 73M+ PlayStation sales during roughly the same period   —  Microsoft sold about 30 million Xbox One consoles by the end of 2017, compared to the more than 73 million PlayStation sold during roughly …

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ZTE says in filing that it has ceased "major operating activities" following US ban on US companies supplying tech and is working with US…

Sijia Jiang / Reuters : ZTE says in filing that it has ceased “major operating activities” following US ban on US companies supplying tech and is working with US government   —  HONG KONG (Reuters) - ZTE Corp's (0763.HK)(000063.SZ) main business operations have ceased due to a ban imposed by the U.S. government …

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Amazon launches Amazon Experience Centers, hosted inside Lennar’s model home demos across the US, to showcase smart home devices, Dash Buttons, and…

Ingrid Lunden / TechCrunch : Amazon launches Amazon Experience Centers, hosted inside Lennar's model home demos across the US, to showcase smart home devices, Dash Buttons, and more   —  Last week, we reported on how Amazon was leveraging a new relationship with home builder Lennar to expand its smart home business …

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Yahoo quietly releases Squirrel, an invite-only group chat app, in which conversations within a group can be further divided into rooms for specific…

Ryne Hager / Android Police : Yahoo quietly releases Squirrel, an invite-only group chat app, in which conversations within a group can be further divided into rooms for specific topics   —  Chat apps are all the rage these days.  Just ask Google, it can't seem to get enough.  And it looks like Yahoo is the latest to jump …

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Walmart confirms $16B Flipkart investment, giving it 77% in India’s e-commerce leader

Walmart, the world’s largest retailer, has finally confirmed that it is making a $16 billion investment into Flipkart for a 77 percent share of the online retailer. Tencent, Tiger Global, Microsoft and Flipkart co-founder Binny Bansal will continue to be investors in the company with this deal. The investment will value Flipkart — India’s biggest online retailer with 54 million active customers and projected gross merchandise value of $7.5 billion for 2018 — at $20.8 billion when the deal closes. That close is expected to happen later this year after getting regulatory approval. The investment in Flipkart becomes the biggest-ever that Walmart has made in its history, supplanting Asda in the UK (which it last week  partially divested ). Walmart said that it intends to keep Flipkart as a distinctive brand and even help usher the company towards a “publicly-listed, majority-owned subsidiary” in the future. Right now Flipkart operates at a loss as it pursues growth. Flipkart will give Walmart a big step up in its business in Asia by helping it better tap the region’s second-largest market after China, and one of the world’s fastest-growing economies. Walmart India already has 21 Best Price cash-and-carry stores and one fulfillment center in 19 cities across nine states in India, and it said that more than 95 percent of sourcing coming from India. Walmart said that Krish Iyer, president and chief executive officer of Walmart India, will continue to lead that business. The bigger company has been divesting of some of its international operations at the same time that it is beefing up in India. Most recently, it announced a sale of a majority ownership of Asda in the UK to Sainsbury’s. It will also give Walmart an advance in its wider e-commerce ambitions, which it has been pursuing at an aggressive pace in a bid to rival the e-commerce Amazon — which not only has been moving into Walmart’s brick-and-mortar territory, but has put a lot of investment specifically into growing its business in India. “India is one of the most attractive retail markets in the world, given its size and growth rate, and our investment is an opportunity to partner with the company that is leading transformation of eCommerce in the market,” said Doug McMillon, Walmart’s president and chief executive officer in a statement. “As a company, we are transforming globally to meet and exceed the needs of customers and we look forward to working with Flipkart to grow in this critical market.

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Microsoft’s May 2018 Patch Tuesday fixes 68 security issues, 21 of them critical, including one being actively exploited to hack users (Dan Goodin/Ars…

Dan Goodin / Ars Technica : Microsoft's May 2018 Patch Tuesday fixes 68 security issues, 21 of them critical, including one being actively exploited to hack users   —  Latest Patch Tuesday included 68 fixes, 21 of them rated “critical.”  —  Microsoft on Tuesday patched two Windows vulnerabilities that attackers …

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Xiaomi takes aim at Europe’s smartphone markets

Fresh from filing for a Hong Kong IPO that could raise as much as $10 billion , the Xiaomi empire is taking big steps in Europe. The company announced today that it plans to enter France and Italy on May 22 and May 24, respectively. We don’t know what devices will go on sale in those markets, but typically the mix includes smartphones, phone accessories and smart home products. The launches are likely to see Xiaomu open a local online store (via Mi.com) and announce partnerships with local retailers both online and offline. Xiaomi is making other moves in Europe, too. Last week, it announced a deal with CK Hutchison which will see the operator sell its phones in the UK — via its 3 business  — and other parts of Europe. That carrier deal could help Xiaomi identify European markets with the potential for local launches. Xiaomi’s Android devices — which are known for being both very capable and affordable — first landed in Europe via a launch in Spain last year , but now the company is stepping things up with an aggressive expansion plan. So excited to announce another milestone in our globalization journey: We are officially launching in France on 22 May and Italy on 24 May. Stay tuned! #XiaomiFrance #XiaomiItalia pic.twitter.com/huISUO6iOA — Wang Xiang (@XiangW_) May 7, 2018 Seven-year-old Xiaomi has focused on Asia, primarily its Chinese homeland. It has seen success in India, where it is ranked as the top-selling smartphone brand, but it remains heavily dependent on sales in China. China represented 72 percent of Xiaomi’s 114.6 billion RMB ($18 billion) revenue in 2017, but that figure had been 94 percent and 87 percent, respectively, in 2015 and 2016, so it is begging to wean itself off of that dependency. Xiaomi has designated 30 percent of its IPO funds — the world’s largest since Alibaba in 2014 — for international expansion, with Europe, Southeast Asia and Russia specifically mentioned in its prospectus, so there’s plenty more to come

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What to expect from Microsoft Build 2018: more info about Windows ML and Windows Mixed Reality, Cortana updates, Windows 10 updates, and a lot of…

Devindra Hardawar / Engadget : What to expect from Microsoft Build 2018: more info about Windows ML and Windows Mixed Reality, Cortana updates, Windows 10 updates, and a lot of Azure talk   —  Fresh off of Windows 10's major April update, Microsoft is gearing up for its Build conference in Seattle Monday.

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