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Vodafone Idea shares tumble 23% after India orders it to pay billions in dues

Shares of Vodafone Idea fell by more than 23% on Friday after India’s apex court ordered the country’s second-largest telecom operator and Airtel, the third-largest telecom network, to arrange and pay billions of dollars in dues in a month. In a strongly worded judgement, the Supreme Court rejected telecom networks’ application to defer paying historic $13 billion levies to the government. “This is pure contempt, 100% contempt,” Justice Arun Mishra told lawyers. The order today, which may res...
Tags: Asia, Supreme Court, Government, India, Tech, Vodafone, Airtel, Reliance Jio, U K, Bharti Airtel, Mukesh Ambani, Ambani, Vodafone Idea, Kumar Mangalam Birla, Sidharth Luthra, Arun Mishra


Director Ryan White reveals the double-edged sword of queer representation in ‘Visible: Out on TV’

Director Ryan White Ryan White doesn’t stop. The documentarian behind The Case Against 8 and The Keepers has enjoyed two consecutive Sundance Film Festivals with new movies having their premiere. Last year, we chatted with White about his acclaimed documentary Ask Dr. Ruth. His next feature, Assassins, comes out later this year. For the moment, though, White is focused on an epic television event. We mean that in two senses of the word. As produced by Wilson Cruz & Wanda Sykes, Visible: Out o...
Tags: Apple, Asia, Feature, Hollywood, Entertainment, Lifestyle, Atlanta, David, Netflix, Anderson Cooper, Philadelphia, Ellen, Pbs, Wanda, Oprah, Janet Mock


Alibaba Cloud revenue reaches $1.5B for the quarter on 62% growth rate

Alibaba issued its latest earnings report yesterday, and as part of that the Chinese eCommerce giant reported that cloud revenue grew 62% to $1.5 billion U.S., crossing the RMB10 billion revenue threshold for the first time. Alibaba also announced that it had completed its migration to its own public cloud in the most recent quarter, a significant milestone because the company can point to its own operations as a reference to potential customers, a point that Daniel Zhang, Alibaba executive chai...
Tags: Travel, Google, Amazon, Cloud, Asia, Enterprise, Microsoft, China, Alibaba, Earnings, Reuters, Zhang, Synergy Research, Alibaba Cloud, Google Alibaba, Daniel Zhang Alibaba


7-month-old Simsim secures $16M for its social commerce in India

Simsim, a social commerce startup in India, said on Friday it has raised $16 million in seven months of its existence as it attempts to replicate the offline retail experience in the digital world with help from influencers. The Gurgaon-based startup said it raised $16 million across Seed, Series A, and Series B financing rounds from Accel Partners, Shunwei Capital, and Good Capital. (The most recent round, Series B, was of $8 million in size.) “Despite e-commerce players bandying out major d...
Tags: Amazon, Facebook, Ecommerce, Apps, Asia, India, Funding, Tech, Walmart, Whatsapp, Gurgaon, Paytm, Shunwei Capital, Malhotra, Meesho, Prosus Ventures


Private equity is finally warming up to data-science hiring. Here's how 6 firms like Blackstone and Cerberus are building teams — and what's holding some back from going all in.

Insiders say that private-equity firms have been slow to adopt data analytics because the added value for the amount of time and investment needed to build a decent data set is yet to be proven. But PE firms have started to take steps to built out their data capabilities with new hires. We interviewed more than a dozen insiders including PE execs, recruiters and consultants to better understand the firms, like KKR, Blackstone, and Neuberger Berman, that are entering the race. Using quant ...
Tags: Google, Amazon, Asia, South Korea, London, Microsoft, Singapore, Trends, Silicon Valley, East Coast, KKR, Blackstone, Stanford University, Sigma, Business Insider, Jpmorgan


The US is charging Huawei with racketeering

Ratcheting up its pressure campaign against Huawei and its affiliates, the Department of Justice and the FBI announced today that it has brought 16 charges against Huawei in a sprawling case with major geopolitical implications (you can read the full 56-page indictment here). Huawei is being charged with conspiracy to violate the Racketeer Influenced and Corrupt Organizations Act (RICO) statute. The DoJ alleges that Huawei and a number of its affiliates used confidential agreements with American...
Tags: Asia, North Korea, Government, China, Germany, US, America, Tech, Cisco, Iran, Fbi, Policy, Chicago, Canada, United Kingdom, Department Of Justice


GameSnacks brings quick, casual games to any device

Look around on the bus, in line at a coffee shop, or even at the doctor’s office. You’ll likely see people playing games on their phones—and they’re a few of the two billion people around the world who are doing it. Unfortunately, many games (especially web games) don’t load well on low memory devices and 2G or 3G networks that hundreds of millions of people rely on.Today, we’re announcing GameSnacks to help address this problem. Part of Area 120,Google’s lab for experimental projects, our goal ...
Tags: Google, Asia, Indonesia, Southeast Asia, Gojek, Area 120, Ani Mohan, GoGames Gojek


Catching up on China’s tech influence operations in America

It’s been a dizzying few weeks following all the China news emanating from Washington DC these days. While a “phase one” trade deal with China has been signed and appears to be moving forward as of a month ago (we covered the origins of this trade war extensively on TechCrunch in 2018 and 2019), it has also become clear that the Trump administration and its various agencies are aggressively targeting China on a variety of fronts. Here’s what’s been happening with startup funding, Huawei, univers...
Tags: Google, Verizon, Asia, UK, Wtf, Justice, Saudi Arabia, Government, China, Germany, Softbank, America, Tech, Intel, Policy, Harvard


India’s Vedantu scores $24M more for its online tutoring service

Vedantu, a Bangalore-based startup that operates a learning app aimed at students aged between 12 to 18, has secured an additional $24 million as part of its Series C financing round as it looks to serve more students and make its brand a household name. The fresh infusion to Series C, which Vedantu unveiled in August last year, was led by Chinese giant GGV Capital. Some existing investors also participated in the round. The $24 million extension broadens the five-year-old startup’s Series C ...
Tags: Startups, Apps, Asia, Education, India, Funding, Tech, Mumbai, Bangalore, Ggv Capital, Krishna, Vamsi Krishna, Vedantu, MT Educare, GGV Capital Some, Lakshya Institute


Notes on Bengaluru (The Garden City) – Old city mayhem, transport apps, and fancy airports

Bengaluru is the third largest city in India, located in the middle of the Deccan Plateau in South India. I was in Bengaluru on the way to somewhere else. I visited Bengaluru in 2007 during my first trip to India, so I would have preferred to visit a new city. 13 years between visits is long enough to warrant a revisit, so instead of flying straight through I made a stopover here. With a population of over 10 million people Bengaluru qualifies as a megacity, and that qualifies me to have anoth...
Tags: Travel, Google, Asia, Australia, Singapore, India, Shanghai, Silicon Valley, Starbucks, Vietnam, Madrid, Lonely Planet, Bengaluru, Bangalore, Travel Blog, Kolkata


Facebook Dating launch blocked in Europe after it fails to show privacy workings

Facebook has been left red-faced after being forced to call off the launch date of its dating service in Europe because it failed to give its lead EU data regulator enough advanced warning — including failing to demonstrate it had performed a legally required assessment of privacy risks. Late yesterday Ireland’s Independent.ie newspaper reported that the Irish Data Protection Commission (DPC) had sent agents to Facebook’s Dublin office seeking documentation that Facebook had failed to provide...
Tags: Social, Facebook, Apps, Asia, Europe, Privacy, US, Social Media, Tech, Eu, European Union, Colombia, United States, Ireland, Data Protection, Dublin


MWC hangs by a thread after Nokia, DT and other big names back out

More big names are stepping away from the world’s biggest phone and telecom trade fair, they announced today, prompting the organizers to urgently decide what they wish to do going forward. Nokia, one of the omnipresent firms at major tech trade conferences, won’t be attending this year’s Mobile World Congress, it said Wednesday citing health and safety concerns over coronavirus outbreak. Electronics giant HMD, which sells smartphones under Nokia brand, cited similar reasoning for its withdra...
Tags: Gadgets, Asia, Hardware, Nokia, Tech, Barcelona, Deutsche Telekom, Sony, MWC, GSMA, El Pais, Romain Dillet, Samsung Huawei, Ericsson Nokia, BT Britain, Mobile World Congress Nokia


Nokia pulls out of MWC over coronavirus concerns

More big names are stepping away from the biggest phone and telecom trade show event this year. Nokia, one of the omnipresent firms at major tech trade conferences, won’t be attending this year’s Mobile World Congress, it said Wednesday citing health and safety concerns over coronavirus outbreak. Electronics giant HMD, which sells smartphones under Nokia brand, cited similar reasoning for its withdrawal, too. The iconic Finnish firm, one of the cornerstone companies at MWC, and HMD have becom...
Tags: Gadgets, Asia, Hardware, Nokia, Tech, Barcelona, Deutsche Telekom, Sony, MWC, GSMA, Reuters, El Pais, Samsung Huawei, Ericsson Nokia, Ericsson Amazon Vivo Facebook, BT Britain


In quarantined China, concerts and clubs are going online as a safe place to meet

Even in the capital Beijing, once-crowded streets are now empty, as the 2019-nCoV coronavirus outbreak forces people at home. The solution for live musicians: turn to streaming. Streaming was already a popular hangout for Chinese musicians and artists across the region, before the viral shutdown of public space. That already included experimental artists looking to reach one another in their niche. The difference is, now online interaction in China is essential because people are effectively...
Tags: Google, Facebook, Asia, Music, Usa, China, Africa, Experimental, Trends, Tech, Web, Online, Beijing, West, Shanghai, Stories


4 factors to consider before entering international markets

David Liu Contributor Share on Twitter David Liu is founder and CEO of Deltapath, a communications company whose technology helps businesses collaborate internally and with customers. Deltapath’s solutions have been adopted by brands such as Campbell’s, Volkswagen and Nokia. As sales increase, most founders tend to double down on what already works to keep growing. But few consider expanding laterally — taking a business mode...
Tags: Column, Asia, Europe, Nokia, Marketing, Tech, Marketing Strategy, Venture Capital, Volkswagen, Digital Advertising, Customer Relationship Management, Campbell, David Liu, Deltapath


Samsung teases videocalling on its next foldable during the Oscars

It was South Korea’s — rather than Netflix’s — night at the Oscars, thanks to Bong Joon-ho’s biting class satire Parasite, which won best picture (among other well-deserved gongs).  But tech giant Samsung appears to have been hoping to steal a little of the national limelight: The Korean phone maker chose a prime Oscars ad slot to show off a 360-degree view of its next foldable, running it as a teaser for its Unpacked 2020 unboxing event — which takes place in San Francisco tomorrow. #Samsung...
Tags: Gadgets, Mobile, Asia, South Korea, Samsung, San Francisco, Tech, Smartphones, Netflix, Samsung Electronics, Serge Gainsbourg, Brigitte Bardot, Samsung Galaxy, The Oscars, Bong Joon, Motorola Razr


The Ultimate Guide to India’s Golden Triangle

The Golden Triangle is a popular tourist circuit in Northern India.  In fact, it’s the most popular part of the country for visitors. It encompasses the triangular region between New Delhi, Agra, and Jaipur, with every city located around 125 miles from the others.  These days, the Golden Triangle receives a bit of a mixed write-up and before I touched down in Delhi, I was fully expecting to be disappointed by my week there.  I’m not a fan of tourist-filled destinations, and I’d read plenty of a...
Tags: Travel, Google, Amazon, Asia, India, SIM, Dave, Ireland, Delhi, Mumbai, New Delhi, Airtel, Taj Mahal, Kerala, Jaipur, Rajasthan


Uber claims top spot in Indian ride-hailing market

Uber facilitated 14 million rides a week in India last year, the American ride-hailing firm said as it claimed the tentpole position in the key overseas market. In a report (PDF) published on the sidelines of its quarterly earnings Thursday afternoon, Uber said that it commanded over 50% of the ride-hailing market in India — among some other regions — and was the category leader. The publicly listed company cited its internal estimations for the claim, it said. In comparison, Uber handled 11 ...
Tags: Transportation, Uber, Asia, London, India, Softbank, Tech, Zomato, Ola, SoftBank Group


Catching up with B Capital, the fast-growing firm founded by Eduardo Saverin and Raj Ganguly

B Capital Group, formed in in 2015 by Facebook cofounder Eduardo Saverin and Raj Ganguly, formerly of Bain Capital, has been quietly building its business since closing its first fund with $360 million in capital commitments, anchored by the management consulting giant Boston Consulting Group. Already the firm, which is investing out of its second $410 million fund, employs 50 people and we hear a much bigger fund could be coming. Among its newest additions is a general partner, Rashmi Gopinath,...
Tags: Apple, TC, Facebook, Asia, Europe, Microsoft, Indonesia, California, Singapore, India, San Francisco, Tech, Bird, South America, Seattle, Bain Capital


Coronavirus: public buying protective suits causing shortages for emergency services – latest news

Total infections pass 30,000 as Wuhan whistleblower doctor dies and Singapore reports three new casesDoctor who blew whistle over virus dies‘Some idiot moaned about breakfast’: life in coronavirus quarantineShare your stories 4.29pm GMT There is growing concern that the new coronavirus may be going undetected in Indonesia, where officials have not confirmed a single case of infection among the 272 million-strong population despite the country’s close links to China, reports Rebecca Ratcliffe...
Tags: Apple, Asia, Hong Kong, Science, Indonesia, China, Singapore, World news, Asia Pacific, Infectious Diseases, Foxconn, Wuhan, Rob Davies, Rebecca Ratcliffe, Coronavirus outbreak


Indian education startup Byju’s raises $200M from General Atlantic

Indian education startup Byju’s said on Friday that General Atlantic, an existing investor in the startup, has pumped additional money to join the new ongoing financing round. While the startup did not disclose the size of General Atlantic’s check, a person familiar with the matter told TechCrunch that it had invested $200 million in the new round at a valuation of $8 billion. The announcement today comes weeks after Tiger Global committed to invest about $200 million in the nine-year-old sta...
Tags: Apps, Asia, Education, Funding, Tech, Atlantic, Tiger Global, General Atlantic, Byju, Byju's


Twitter-backed ShareChat eyes fantasy sports in India

The growing market of fantasy sports in India may soon have a new and odd entrant: . The local social networking app, which in August last year , has developed a fantasy sports app and has been quietly testing it for six months, two sources familiar with the matter told TechCrunch. ShareChat’s fantasy sports app, called Jeet11, allows betting on cricket and football matches and has already amassed more than 120,000 registered users, the sources said. The app, or its website, does not disclose ...
Tags: Google, Social, Gaming, Facebook, Apps, Asia, Twitter, India, Disney, Tech, Xiaomi, Tencent, Ipl, Sequoia Capital, Virat Kohli, Chennai


Oldest companies in the world

Amazon, Google , and Apple may be the biggest names in business right now, but they are only a few decades old, and have not proven that they can stand the test of time. Some companies, however, have been around for over 1,000 years, as shown on this map of the oldest (currently operational) company in almost every country in the world. Photo: BusinessFinancing.co.uk St. Peter Stiftskulinarium is the oldest company in Europe. Opened in 803 in Salzburg, Austria, the restaurant is the oldest ...
Tags: Travel, Apple, Asia, Europe, Maps, UK, Australia, France, Africa, Canada, United Kingdom, South America, North America, Bogota, Oceania, All


Google and Facebook turn their backs on undersea cable to China

Google and Facebook seem to have resigned themselves to losing part of the longest and highest profile internet cable they have invested in to date. In a filing with the Federal Communications Commission last week, the two companies requested permission to activate the Pacific Light Cable Network (PLCN) between the US and the Philippines and Taiwan, leaving its controversial Hong Kong and Chinese sections dormant. Globally, around 380 submarine cables carry over 99.5 percent of all transocean...
Tags: Google, Facebook, Asia, Hong Kong, Spacex, Fcc, Internet, Washington, Government, Senate, China, US, America, Los Angeles, Tech, Taiwan


Big Twins & DirtyDiggs – “No Hesitation” (Video)

Queensbridge’s own Big Twins heads to sunny L.A. to visit his collaborators, production duo DirtyDiggs, in their appropriately grimy new video for “No Hesitation.” The video stems from the emcee’s collaborative EP with Dirty Diggs, whose past work includes credits with Roc Marciano, Westside Gunn, Conway The Machine, and Camp Lo. The project, Queensbridge, features guest appearances from Planet Asia and Godfather Pt. III, among others, and serves as the followup to Twins’ great 2018 album, Gr...
Tags: Google, Videos, Asia, Jazz, Twins, Diggs, Dirtydiggs, Big Twins, Roc Marciano Westside Gunn Conway The Machine


YouTube has seen soaring growth in South Korea

Earlier this week, Google released revenue figures for YouTube for the first time in the product’s history, revealing that the video service pulled in $15.1 billion in advertising revenues in 2019. Growth was 31% year-over-year during the quarter — strong growth for such a late-stage property, but of course, everyone always wants more. The company also claimed that it had an audience of more than 2 billion users — making it among the most popular products in the world. Part of that global suc...
Tags: Google, TC, Asia, South Korea, Video, Hollywood, Youtube, Southeast Asia, Tech, Creators, Korea, App Annie, Gallup, Reuters, India Africa, Korean YouTube


The Overwatch League will bring live esports to 20 cities around the world this year — here's everything you need to know about the upcoming season (ATVI)

The third season of Activision Blizzard's Overwatch League will begin on February 8 with matches in New York City and Dallas. This year the esports league will travel to the home cities of all 20 teams, with stops in North America, Europe, South Korea, and China. Activision Blizzard recently signed a deal with Google to bring the Overwatch League broadcasts exclusively to YouTube. With Overwatch League players preparing to travel more than some NBA teams this year, player health is a major con...
Tags: Google, Asia, Europe, Abc, China, Boston, New York City, Los Angeles, Trends, Overwatch, Nba, Dallas, Espn, Esports, Hangzhou, Activision Blizzard


Instamojo acquires Times Internet’s GetMeAShop to serve more small businesses in India

Instamojo, a Bangalore-based startup that helps merchants and small businesses accept digital payments, establish presence and sell on the web, has acquired Times Internet-owned Gurgaon-based startup GetMeAShop. The deal is worth $5 million and includes Times Internet making an investment in Instamojo, Sampad Swain, co-founder and chief executive of the Bangalore-based startup, told TechCrunch in an interview. GetMeAShop runs a platform that allows businesses to set up their website, build an...
Tags: Fundings & Exits, Startups, Ecommerce, Apps, Asia, Finance, India, Funding, Tech, Bangalore, Gurgaon, Exit, Times Internet, Instamojo, Recent Funding, Instamojo Sampad Swain


Disney+ to launch in India through Hotstar on March 29

Disney plans to bring its on-demand streaming service Plus in India through Hotstar on March 29, a little earlier than expected, the company said Tuesday. In an earnings call with analysts, Disney chief executive Bob Iger said the entertainment conglomerate will launch the service in the world’s second largest internet market at the beginning of the next edition of IPL cricket tournament, the most noteworthy event on Hotstar all year. He also revealed that Disney+ had amassed 26.5 million paying...
Tags: Apps, Asia, Media, Entertainment, India, Disney, Tech, Showtime, Ipl, Iger, Southeast Asian, Bob Iger, Hotstar, Star India, HBO ABC, Fox Hotstar


Russia’s push back against big tech has major consequences for Apple

Josh Nadeau Contributor Josh Nadeau is a Canadian journalist based in St. Petersburg who covers the intersection of Russia, technology and culture. He has written for The Economist, Atlas Obscura and The Outline. Last month, Donald Trump took to Twitter to criticize Apple for not unlocking two iPhones belonging to the Pensacola shooter, another volley in the struggle between big tech and the world’s governing bodies. But even the White House’s censure pales ...
Tags: Apple, Google, Android, Column, Messenger, Asia, Twitter, Hardware, Privacy, Developer, Vladimir Putin, White House, Russia, Linkedin, Tech, Turkey



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