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Amify raises its first venture round on a promise: to boost revenue for third party sellers on Amazon

Small businesses have a complicated relationship with Amazon . While they fear the company because they have no control over it, Amazon’s platform is also a great way to reach shoppers, particularly small businesses that rise to the top of its results pages. Amify, a nine-year-old, Alexandria, Va.-based company, says it can get them there, and investors are buying its pitch. As founder and CEO Ethan McAfee tells us, the 60-person company just raised $5.8 million in Series A funding — its first...
Tags: Amazon, TC, China, Tech, Venture Capital, Las Vegas, Cincinnati, Brooks, McAfee, Alexandria Va, Nigel Morris, T Rowe Price, Dundee Venture Capital, CincyTech, Amify, Ethan McAfee


PicsArt hits 130 million MAUs as Chinese flock to its photo editing app

If you’re like me, who isn’t big on social media, you’d think that the image filters that come inside most apps will do the job. But for many others, especially the younger crowd, making their photos stand out is a huge deal. The demand is big enough that PicsArt, a rival to filtering companies VSCO and Snapseed, recently hit 130 million monthly active users worldwide, roughly a year after it amassed 100 million MAUs. Like VSCO, PicsArt now offers video overlays though images are still its fo...
Tags: Social, Apps, Asia, Instagram, Entertainment, China, Russia, Social Media, Tech, United States, Armenia, Vsco, Avengers, Photo Sharing, The Avengers, Picsart


Despite short-term questions, games software/hardware to top $200 billion by 2023

Tim Merel Contributor Tim Merel is managing director of Digi-Capital. More posts by this contributor For AR/VR 2.0 to live, AR/VR 1.0 must die Chinese investment into computer vision technology and AR surges as U.S. funding dries up There has been some negative sentiment surrounding the games industry recently, with stock prices of public games companies in question in both the U.S. and China. While being contrarian to market senti...
Tags: Google, Gaming, Facebook, Column, Asia, Japan, Steve Jobs, China, Russia, India, Tech, Sony, Tencent, Pokemon, North America, Latin America


China's E-Buses Dent Oil Demand More Than Electric Cars Do

China's fleet of electric buses appear to be denting oil demand more than electric cars. "By the end of this year, a cumulative 270,000 barrels a day of diesel demand will have been displaced by electric buses, most of it in China," reports Bloomberg, citing a new report published by BloombergNEF. "That's more than three times the displacement by all the world's passenger electric vehicles (a market where Tesla has a share of about 12 percent)." From the report: Despite rapid growth, the impact ...
Tags: China, Tech, Tesla, Bloomberg, International Energy Agency Buses


Uber Freight is expanding into Europe

Uber Freight, the newly spun out Uber business unit that helps truck drivers connect with shipping companies, is kicking off its global expansion plans. The company said Wednesday it is launching the app in Europe, starting with the Netherlands. Local carriers and drivers will be able to book and move their first loads with Uber Freight in the next few weeks, CEO Lior Ron wrote in a blog posted Wednesday. Uber Freight plans to expand to more European countries this year. The EU and U....
Tags: Transportation, Uber, Europe, Texas, China, San Francisco, Tech, Eu, European Union, Automotive, Airbnb, Carsharing, Ron, Andrew Smith, Lior Ron, Uber Freight


Google Bans VPN Ads in China

Google has banned ads for virtual private network (VPN) products targeting Chinese users, ZDNet reported on Wednesday. From a report: The company cited "local legal restrictions" as the cause of the VPN ad ban. "It is currently Google Ads policy to disallow promoting VPN services in China, due to local legal restrictions," Google said in an email today. The email was received and shared with ZDNet by VPNMentor, a website offering advice, tips, and reviews of VPN products. The company said Google...
Tags: Google, China, Tech, Vpn, Zdnet


Mobes 'n' mattresses flinger Xiaomi growing like the clappers – outside China, at least

The Last Emporium Chinese tat bazaar Xiaomi isn't all scooters, knickers and formaldehyde-free mattresses. It also makes smartphones, and sales of those in Europe helped grow international revenues by 118 per cent year-on-year, booking almost ¥174.9bn overall, or £20bn in calendar 2018.…
Tags: Europe, China, Software, Xiaomi, Mobes


The World Health Organization is setting up rules and oversight for human gene editing

Yesterday, the World Health Organization wrapped up its first meeting of a new advisory committee set up to create global governance and oversight standards for human gene editing. The committee was hastily pulled together in December after the revelation last year that a Chinese scientist had genetically modified two embryos using CRISPR technology to remove the CCR5 gene, which plays a critical role in enabling many forms of HIV (the virus that causes AIDS) to infect cells. As soon as the Shen...
Tags: TC, Biology, China, Aids, Hiv, Tech, Who, World Health Organization, Genetic Engineering, Crispr, Biotechnology, Shenzhen, Emerging-technologies, The World Health Organization, Tedros Adhanom Ghebreyesus, He Jiankui


Xiaomi releases kernel source for Redmi Note 7 and Redmi Go

Xiaomi launched the Redmi Go it's the first Android Go smartphone in India at an event this week. It packs a 5-inch HD screen, Snapdragon 425 SoC with 1GB of RAM, and runs on Android Oreo (Go edition). Last month, it launched the Redmi Note 7 in the country,  which was launched with a different camera sensor in China earlier in January. Redmi Note 7 Indian variant and Redmi Note 7 Chinese variant share the same codename ‘lavender’. Now, the company has released kernel sources for these smartp...
Tags: News, China, India, Blogging, Xiaomi, Mi Home, Redmi Note 7, Redmi Go kernel source, Redmi Note 7 kernel source


Seven Africa-focused startups present at Y Combinator’s Demo Day

The seven African-focused companies which presented as part of Y Combinator’s 200 strong cohort of Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growing significance of African ventures in YC’s universe. Since 2016, the Silicon Valley accelerator—that provides seed funds and mentorship for early stage startups—has backed 25 companies located in Africa and another 10 with an Africa product focus, according to YC spokesperson Linds...
Tags: Google, TC, Y Combinator, Business, UK, China, Nigeria, Africa, Tech, Spokesperson, Economy, Companies, United Kingdom, Healthcare, Silicon Valley, Tanzania


Spotify rival Tencent Music posts maiden quarter loss of $130M on one-off costs

Tencent Music Entertainment Group, the Chinese answer to Spotify that Tencent spun out and floated on the New York Stock Exchange in December, reported a net loss of 876 million yuan ($127 million) in its first set of quarterly results since going public. The loss, which TME forecasted in its prospectus filed ahead of the IPO, is mainly due to a one-off 1.52 billion yuan ($221 million) share-based charge related to equity issuance to label partners Warner Music Group and Sony Music Enterta...
Tags: Spotify, China, Ipo, US, Tech, Beijing, Alibaba, Sony, Tencent, Warner Music, Warner, New York Stock Exchange, Sony Music Entertainment, Reuters, Warner Music Group, Universal Music Group


Desi Innovations: Not just jugaad, but these innovators are solving for themselves [Collection]

India is a land of innovation and while tech companies are still looking at West (and China) for inspiration, the innovators back home are solving for themselves. And in the process, they are creating some amazing products. We respect and bat for these innovators. In no particular order, here goes a collection which will inspire you to push more! The post Desi Innovations: Not just jugaad, but these innovators are solving for themselves [Collection] appeared first on NextBigWhat.
Tags: Business, China, India, Tech, West


Trump Blockade of Huawei Fizzles In European 5G Rollout

An anonymous reader quotes a report from Bloomberg: Last summer, the Trump administration started a campaign to convince its European allies to bar China's Huawei from their telecom networks. Bolstered by the success of similar efforts in Australia and New Zealand, the White House sent envoys to European capitals with warnings that Huawei's gear would open a backdoor for Chinese spies. The U.S. even threatened to cut off intelligence sharing if Europe ignored its advice. So far, not a single Eur...
Tags: Europe, Australia, White House, China, Germany, Nokia, Tech, Bloomberg, Edward Snowden, Italy, New Zealand, Huawei, National Security Agency, Ericsson, Trump, Samsung Electronics Co


Camera maker Insta360 raises $30M as it eyes 2020 IPO

Insta360, one of the pioneers in making 360-degree cameras, just raised $30 million in a Series C+ funding round from Chinese investors including Everest Venture Capital, MG Holdings and Huajin Capital. The Shenzhen-based camera maker declines to disclose its latest valuation. It plans to use the fresh proceeds in research and development, marketing and after-sales services in its key international markets including the United States and Japan, which are the company’s second and third-largest...
Tags: Gadgets, Asia, Japan, Hardware, Instagram, China, Funding, Tech, Smartphone, Companies, Camera, United States, Computing, Tencent, Virtual Reality, Gopro


As Costs Skyrocket, More US Cities Stop Recycling

Recycling, for decades an almost reflexive effort by American households and businesses to reduce waste and help the environment, is collapsing in many parts of the country [Editor's note: the link may be paywalled; syndicated source]. From a report: Philadelphia is now burning about half of its 1.5 million residents' recycling material in an incinerator that converts waste to energy. In Memphis, the international airport still has recycling bins around the terminals, but every collected can, bo...
Tags: Florida, California, China, India, US, Tech, Thailand, United States, Philadelphia, Memphis, Fiona Ma, Deltona


Did We Break the Internet? Or Did the Internet Break Us? (Thinks Out Loud Episode 242)

Looking to drive results for your business? Click here to learn more. Did We Break the Internet? Or Did the Internet Break Us? (Thinks Out Loud Episode 242) – Headlines and Show Notes Online plays a big role in the ways we interact with one another. And, unfortunately, the ways we interact with one another is not always positive. What caused this? Did we break the internet? Or did the internet break us? The latest episode of Thinks Out Loud offers some thoughts. Here are the show notes: How...
Tags: Google, Facebook, Vladimir Putin, China, Russia, Seo, Atlantic, New Zealand, Peter, Mackie Onyx Blackjack USB, Tim Peter, Paul Virilio, Wrong Questions of YouTube, Washington Post The Christchurch Shooter, Facebook After New Zealand Digital, YouTube The Verge Amazon


Xiaomi Q4 sees strong growth in overseas shipment and internet services

Xiaomi, the Chinese company known for its cheap handsets and a vision to drive revenues by selling internet services, has come in ahead of analysts’ estimates in its fourth-quarter profit although revenues missed expectations. The Hong Kong-listed company more than tripled its net profit to 1.85 billion yuan ($276 million), exceeding the 1.7 billion yuan average estimate, Reuters reported citing Refinitiv data. However, revenue from the quarter missed the 47.4 billion yuan expectation, rising...
Tags: Gadgets, Asia, Hong Kong, Europe, Hardware, China, India, Tech, Smartphone, Smartphones, Mobile Phones, Xiaomi, Retail, Operating System, Reuters, MIUI


Simulations, SAFEs, and China beats America in AI patents

Editor’s Note The most consistent feedback we have gotten from Extra Crunch members is that I write too much, and the Daily emails are too long for mortals (and apparently my mother) to read. This is great feedback: a huge focus for Extra Crunch is to create signal from noise. To that end, we are experimenting with a new format of the Daily starting today that’s focused on keeping you up-to-date on Extra Crunch, as well as broadening your perspective outside the Silicon Valley bubble. Have ques...
Tags: Japan, China, Russia, US, America, Tech, Mit, Artificial Intelligence, National Health Service, Silicon Valley, Qualcomm, Lucas Matney, The Matrix, Getty Images China, Eric Peckham, Hiroshi Watanabe


Asian Content Success Built on Multiple OTT Business Models

The importance of knowing what’s trending on video in Asia was underlined Tuesday when YouTube’s international marketing director Sean Park told FilMart delegates that Asia now accounts for five of its top 10 territories in the world – even without China, where the Google-owned platform is not allowed to operate. A day earlier, executives from […]
Tags: Google, Asia, News, Youtube, China, Global, Markets & Festivals, Iflix, Ott, Hooq, Filmart, Sean Park


Grab launches SME loans and micro-insurance in Southeast Asia

In its latest move beyond ride-hailing, Southeast Asia’s Grab has started to offer financing to SMEs and micro-insurance to its drivers. The launch comes just weeks after Grab raised $1.5 billion from the Vision Fund as part of a larger $5 billion Series H funding round that’ll be used to battle rival Go-Jek, which is vying with Grab to become the top on-demand app for Southeast Asia’s 600 million-plus consumers. Grab acquired Uber’s Southeast Asia business in 2018 and it has spent the past yea...
Tags: Uber, Asia, Finance, China, Southeast Asia, Singapore, Collaborative Consumption, Tech, Transport, Commuting, Food Delivery, Financial Services, Carsharing, TechCrunch, Hooq, Lai


Yandex inks deal with Hyundai to build self-driving car tech for its Mobis OEM division

On the heels of becoming the latest investor in Ola, today Hyundai announced another key deal to further its ambitions in next-generation automotive services. Yandex, the Russian search giant that has been working on self-driving car technology, has inked a partnership with Hyundai to develop software and hardware for autonomous car systems. This is Yandex’s first partnership with a carmaker, and specifically, Yandex will be working with Hyundai Mobis, the car giant’s OEM parts and service di...
Tags: Google, TC, Transportation, China, Russia, India, Tech, Artificial Intelligence, Automotive, Toyota, Estonia, Las Vegas, Autonomous Cars, Baidu, Hyundai, Kia


A digital tax will deny Europeans new innovation and progress

A digital tax will deny Europeans new innovation and progress Bureaucrats at the European Union steadily struggle for tax harmonization among EU member states. Unfortunately, they do not seek to relieve these nations’ tax burden but rather to warn against “tax havens.” Along these  lines, last year the European Commission (EC) came up with the idea of a “digital tax.” In the name of pursuing the “fair taxation of the digital economy,” the EC made two propo...
Tags: Apple, Google, Asia, Europe, Microsoft, Yahoo, France, China, Religion, Eu, Spain, European Union, Taiwan, Mountain View, OECD, EC


TikTok parent Bytedance is getting serious about games

A turbulent 2018 for China’s gaming market hasn’t held back newcomers. Bytedance, the world’s most valuable startup behind a collection of rising new media apps including TikTok and Jinri Toutiao, is making a further push into video games after it took control of a mobile game developer through a roundabout deal. According to a business registration filing, Shanghai Mokun has become wholly owned by Beijing Zhaoxi Guangnian, a second-tier subsidiary of Bytedance. Mokun is a mobile game developer ...
Tags: Gaming, Asia, Entertainment, China, Tech, Shanghai, Tencent, WeChat, Mobile Game Developer, Activision Blizzard, WeChat Tencent, Toutiao, Bytedance, Jinri Toutiao, Tiktok, Games Publisher


Reed Hastings says Netflix won’t be part of Apple’s upcoming video streaming service

Netflix CEO Reed Hastings said during a Los Angeles press event tonight that it will not be part of the streaming video service Apple is expected to unveil next week at its Cupertino headquarters. While it will have original content, Apple’s service will most likely initially focus on third-party content, competing against Amazon Channels with la carte subscriptions to third-party channels (Amazon’s lineup includes HBO, Showtime, Cinemax, Starz, but not Netflix, which prefers to control it...
Tags: Apple, Amazon, TC, China, Los Angeles, Tech, Netflix, United States, Original Content, Streaming, Cupertino, Streaming Video, Ted Sarandos, Reed Hastings, Hastings, Amazon Channels


Here are the 85+ startups that launched at YC’s W19 Demo Day 1

Y Combinator’s incubator classes have gotten huge. With over 200 companies, the Winter 2019 class is by far YC’s largest yet. Meanwhile, the incubator prepares to shift its headquarters from Mountain View to San Francisco. It’s so large, in fact, it’s had to change the way it does Demo Day. Rather than all pitches happening on one stage, they were split across two stages (the “Pioneer” and “Mission” stages) running in parallel. So even if you were in the building, you couldn’t see all the pit...
Tags: Google, Startups, TC, Facebook, Y Combinator, Hbo, New York, Instagram, Navy, China, India, Nigeria, Africa, US, Los Angeles, San Francisco


Intel and Cray are building a $500 million ‘exascale’ supercomputer for Argonne National Lab

In a way, I have the equivalent of a supercomputer in my pocket. But in another, more important way, that pocket computer is a joke compared with real supercomputers — and Intel and Cray are putting together one of the biggest ever with a half-billion-dollar contract from the Department of Energy. It’s going to do exaflops! The “Aurora” program aims to put together an “exascale” computing system for Argonne National Laboratory by 2021. The “exa” is prefix indicating bigness, in this case 1 qu...
Tags: Gadgets, Science, Hardware, Government, China, Tech, Intel, Ibm, Supercomputers, Department Of Energy, Aurora, Cray, Argonne National Laboratory, Argonne National Lab


Walmart to Launch Private Brand Tablets.

A mockup based on FCC filings Walmart continues to refine and grow its private brand portfolio, the big box is reportedly preparing to launch a private brand Android tablet under the brand Onn. According to Bloomberg describes the new product as “an inexpensive, kid-friendly” device that’s going to carry the ONN store brand that Walmart uses for other products. Product filings registered with the US FCC, reveal the tablets will be manufactured in China and come with Google’s mobile operating ...
Tags: Google, Featured, Fcc, China, US, Walmart, Bloomberg, Branding, Onn, Amazons


U.S. Students Have Achieved World Domination in Computer Science Skills -- For Now

When it comes to computer science skills, U.S. students approaching graduation have a significant advantage over their peers in China, India, and Russia. Tekla Perry shares a report: That's the conclusion of a study published today in the Proceedings of the National Academy of Sciences of the United States of America. The study was put together by a global team of researchers led by Prashant Loyalka, an assistant professor at Stanford University. The team constructed a careful sampling mechanism...
Tags: China, Russia, India, Tech, Stanford University, United States of America, China India, National Academy of Sciences, Tekla Perry, Prashant Loyalka, U S Educational Testing Service


US Reveals Details of $500 Million Supercomputer

An anonymous reader quotes a report from The New York Times: The Department of Energy disclosed details on Monday of one of the most expensive computers being built: a $500 million machine based on Intel and Cray technology that may become crucial in a high-stakes technology race between the United States and China (Warning: source may be paywalled; alternative source). The supercomputer, called Aurora, is a retooling of a development effort first announced in 2015 and is scheduled to be deliver...
Tags: China, US, Tech, Intel, Chicago, United States, New York Times, Nvidia, Silicon Valley, Department Of Energy, Aurora, Cray, Argonne National Laboratory


Online retail fuelling rapid rise in sales of fake goods, says OECD

Counterfeits worth $590bn a year made up 3.3% of global trade in 2016, report findsThe rise of online platforms for buying and selling goods has fuelled a rapid increase in fake merchandise sold around the world, the value of which has reached $590bn (£384.4bn) a year, according to a report.The Organisation for Economic Co-operation and Development (OECD) and the EU’s intellectual property office (EUIPO) found illicit goods, from designer handbags to luxury watches, accounted for as much as 3.3%...
Tags: Business, Technology, Internet, China, Eu, World news, Consumer affairs, Retail industry, E-commerce, Online Shopping, Asia Pacific, Global Economy, Internet Safety, OECD, The Organisation for Economic Co



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