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  • Snap lost a 400 million dollar AI deal, 20 million dollars a month to the Iran war, and 24 per cent of its stock price. The AR glasses had better work.
  • Volkswagen just became Rivian’s biggest investor. It is not buying trucks. It is buying the software its own engineers could not build.
  • Pinterest just crossed $1 billion in quarterly revenue. The bet that made it work was not social media. It was search.
  • Tesla is selling Chinese-made cars in Canada to escape the tariffs that both China and America imposed on it
  • Foreign automakers are not staging a comeback in China. They are learning to be the junior partner.

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Messaging service WeChat passes 100 million downloads on Google Play internationally

Feb25
by Sindy Cator on February 25, 2014 at 2:42 am
Posted In: Apps, Around the Web, Asia, Product Updates, wechat

wechat 730x419 Messaging service WeChat passes 100 million downloads on Google Play internationallyWeChat (and Weixin, its Chinese version) is one of WhatsApp’s greatest global competitors. With a combined 272 million monthly active users, it surpassed 100 million user accounts outside China in August last year.

Now, WeChat has chalked up another milestone by crossing the 100 million download mark on Google Play internationally. Poshu Yeung, vice president of the international business group at Tencent, which owns the messaging service, says in a statement that WeChat will continue to give its users “an easy-to-use, all-in-one experience.”

This comes as WeChat games were rolled out internationally recently, a crucial step in its evolution to become more like a social platform – and part of its strategy to differentiate itself from other messaging services.

The Google Play download milestone also comes after WeChat recently stepped up efforts to woo the Western market, in particular sharpening its focus on the US market, after quietly launching a campaign last month to reward users for recruiting their friends.

Related: WeChat is going international in a different way to WhatsApp: using games and commerce [Interview]

Image via Bryanlyt/Flickr

└ Tags: china, news, syndicated
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LinkedIn goes after China with a new joint venture and a localized Chinese-language site

Feb25
by Sindy Cator on February 25, 2014 at 12:23 am
Posted In: Around the Web, Asia

linkedin china video1 1024x380 520x245 LinkedIn goes after China with a new joint venture and a localized Chinese language site

LinkedIn has just announced the beta launch of a Chinese version of its site. While the company already has four million members in China, this is the first time it has localized its site.

The expansion will take place as a joint venture with Sequoia and CBC Capital. CBC has several Chinese success stories in its portfolio, including Evernote and Dianping. It also invested in MySpace China, though I’d be hard-pressed to call that a success.

LinkedIn’s Chinese version includes integration with popular local social networking services, such as Sina Weibo and Tencent WeChat, but it also lacks some features from the main site, such as Groups. Now that it has a local presence, the company also opens up itself to greater monitoring from the Chinese government.

In a blog post, CEO Jeff Weiner stated that the company disagrees with China’s approach to censorship, but it will abide by any necessary laws in order to operate in the country. Weiner also outlined the following three guidelines that LinkedIn will maintain for the venture:

  • Government restrictions on content will be implemented only when and to the extent required.
  • LinkedIn will be transparent about how it conducts business in China and will use multiple avenues to notify members about our practices.
  • The company will undertake extensive measures to protect the rights and data of our members.

Based on the company’s launch post, LinkedIn appears to be treading carefully as it enters China. Foreign Internet companies have historically struggled to gain traction in mainland China, even as they faced criticism in their home countries for submitting to government censorship.

Weiner noted in his post that LinkedIn consulted with human rights organizations as it weighed whether to enter China. In the end, the company decided that the venture would have greater benefits for its user, both in China and abroad, than the downside of increased regulation.

Image credit: LinkedIn

└ Tags: syndicated
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Bebo’s revival begins with the debut of Blab, its 1:1 ephemeral video messaging service

Feb24
by Sindy Cator on February 24, 2014 at 11:09 pm
Posted In: Apps, Around the Web, bebo, bebo blab, blab video messaging app, Insider, launch

IMG 0063 520x245 Bebos revival begins with the debut of Blab, its 1:1 ephemeral video messaging service

In July 2013, entrepreneur Michael Birch spent $1 million to buy back Bebo, a company he founded and sold to AOL for $595 million. A couple of months later, Birch announced the rebirth of his creation through the use of a ‘ballsy’ video. Today, Bebo is kickstarting its revival with the debut of Blab, a video messaging service that allows you to send ephemeral notes to anyone.

This isn’t a rebrand of Bebo and when you look at it, you’ll immediately think of it being a “wannabe” Snapchat.

IMG 0067 220x390 Bebos revival begins with the debut of Blab, its 1:1 ephemeral video messaging serviceThe application is billed as being “like FaceTime, but on your own time.” Users need only press on the screen to record and then release to stop. The recipient can review the video in the same manner — hold tap on the screen to view and release to end. Once viewed, the message will be removed from the app and the phone.

Shaan Puri, the CEO of Monkey Inferno, the tech incubator behind the revival of Bebo, says he believes that this will allow users to express themselves how they want without having to worry about what they’ve said in the past.

Currently, Blab will only allow users to send messages to another person. However, in future releases, multiple recipients are planned, in which case it will be in a “blind carbon copy” basis. The app also will work across multiple platforms — doesn’t matter if you’re on iOS, Android, or if you don’t have the app.

Unfortunately, Bebo hasn’t come up with anything really unique — it’s facing competition from Samba, Snapchat,  and others.

It’s important to note that while Bebo has announced its latest mobile app, it’s not going to be available quite yet for people to download and use. However, this is the first of three apps that Bebo will be releasing this year. Puri says that each one will focus on doing one simple thing exceptionally well.

You can sign-up here for Blab.

└ Tags: syndicated
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6 reasons why Facebook didn’t pay enough for WhatsApp

Feb24
by Sindy Cator on February 24, 2014 at 10:47 pm
Posted In: Analysis and Opinion, Around the Web, Insider, Social Media

dollar 520x245 6 reasons why Facebook didn’t pay enough for WhatsApp

Lasse Clausen is the co-founder and CEO of FOUNDD, a Berlin based discovery engine. This post originally appeared on his blog.


For anyone who thinks Facebook paid too much for WhatsApp, I beg to differ.

Here are six reasons why Facebook underpaid for its latest acquisition.

1. Mobile phones are the new social platforms

During Web 2.0, only Facebook had your social graph. Now your contacts are on your phone and therefore your friends can be with you on any app. And mobile is the next computing platform that will be several times larger than desktop.

2. Messaging apps are the new social networks

Surprise! It turns out the main use of smart phones is communication. Seems obvious because the phone was invented to do just that.

So if people are inside a messaging app all day, that app can become a social network itself where one can install other apps like games etc.

Line and WeChat are a pioneers of this.

3. Privacy

Facebook took one-to-many broadcasting mainstream. This creates a lot of social anxiety because it’s too complicated to control who is going to see what.

The default emotion seems to be that everyone will see it, so you can only use it for posting things that will make you look good – but that, in turn, is annoying to see. Everything else you have to share in another place.

WhatsApp became that somewhere else because the core of the product is to control who you’re sharing content with. You can say that Facebook Messenger does this too, but people probably still associate the Facebook brand with social anxiety (that or some other reason, but otherwise Facebook wouldn’t have bought WhatsApp).

4. Engagement

A phenomenal 72 percent of the monthly active users (MAU) use WhatsApp every day. The only company with similar enduring engagement on this scale is Facebook with 62 percent.

But more importantly, on WhatsApp, every user shares 1.25 images per day vs. Facebook at 0.5. Probably because of point 3.

5. Growth

No other company ever grew as fast during its first four years as WhatsApp did. It’s at 450M MAUs and still adding 1M users every day.

Like Zuckerberg said, “it’s on a path to connect 1 billion people”.

20140222 WBC823 520x503 6 reasons why Facebook didn’t pay enough for WhatsApp6. Money

If WhatsApp were to start monetizing like Line at $7 per user per year it would have revenues of $3.15 billion.

If that calculation is too simplistic for you, here’s another way to look at it: Facebook’s market cap values a MAU at around $140. And it only paid $42 per WhatsApp MAU.

If we were to value WhatsApp at $140/MAU as well, its value is $63 billion. Not that it’s there now, but it gives you an idea why $19 billion is a really good price.

Do you agree with the points made above? Share your thoughts below.

└ Tags: facebook, syndicated
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Samsung Galaxy S5 hands-on: Is the fingerprint scanner and heart rate monitor just a gimmick?

Feb24
by Sindy Cator on February 24, 2014 at 10:26 pm
Posted In: Around the Web, Gadgets, Insider, MWC, Product Reviews

gs4croplo 520x245 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?

To date, Samsung has sold over 200 million Galaxy S smartphones. It’s a hugely popular product line, so for the Galaxy S5 it’s not a huge surprise to find that Samsung hasn’t strayed too far from the successful formula defined by its predecessors.

While the back of the device is certainly different – Samsung has opted for a dimpled, soft-touch back rather than the glossy plastic used for the Galaxy S4 – the Galaxy S5 is still instantly recognisable alongside its precursors. It’s a similar size to the Galaxy S4 and the button placement, curved corners and faux-metal plastic sides all feel rather familiar.

P1050128 730x547 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?

It feels a little more durable than other Galaxy S handsets I’ve picked up in the past, but it’s still a long way off the build quality found in the majority of smartphones developed by HTC, Nokia and Apple.

With a 5.1-inch display the Galaxy S5 feels fairly large in the hand, although it’s not quite as monstrous as the Galaxy Note 3. The new finish for the back of the device makes it a little easier to grip too, which should come in handy given its ambitions as a fitness tracker and coach.

Heart rate sensor

Although I was experimenting with the handset in a controlled environment, the heart rate sensor felt rather gimmicky. The readings are reliable and perfectly accurate, taking only a few seconds to complete. But as a regular runner myself, I started questioning when and why I would use this. On a daily basis, it just isn’t a metric that I need to see. I can’t picture myself running for the train, diving through the closing doors and then checking my heart rate to see how badly it’s fluctuated.

P1050090 730x547 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?

The obvious use-case is physical exercise, but this is where the Gear 2, Gear 2 Neo and Gear Fit really shine. I don’t want to stop every five minutes and dig out my smartphone to use the hear rate monitor on the back – a wearable strapped to my wrist will always be preferable.

Regardless, the heart rate monitor works as advertized and if you think it’s appealing, this is a unique feature in the Android smartphone market.

Finger print scanner

Although this feature is clearly borrowed from the iPhone 5S, I was impressed. After swiping your finger across the home button seven times, the Galaxy S5 will store your fingerprint and let you use it to unlock the handset and authorize payments that would normally require a standard password.

P1050126 730x547 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?

I didn’t try any of the supported services (I wasn’t able to set up my accounts during my hands-on time) but unlocking the Galaxy S5 worked perfectly. It’s a small improvement, but one that I know I would use multiple times a day. If every Android smartphone incorporated this feature, I wouldn’t be displeased.

Software

While this is still TouchWiz, Samsung has refines its Android skin considerable.

It’s still too garish and bloated for my tastes, but the design does feels noticeably lighter and fresher than before. Icons are flatter and cleaner than before – this is a general trend in technology at the moment – and many of the menus feel simpler and better thought out than before.

P1050073 730x547 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?

Camera

The camera in the Galaxy S5 was promising, although I’ll refrain from drawing too many conclusions before I’ve used it in a few different locations and lighting conditions. Images were bright and crisp, with a suitable amount of contrast, saturation and sharpness throughout.

Some of the in-app camera modes felt a little superfluous – selective focusing seemed a little hit-or-miss – but at least the option is there for creative types.

P1050101 730x547 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?

4K video recording has been brought over from the Galaxy Note 3 and I expect the performance across both is fairly similar. After sweeping across the show floor a few times, I was content with the footage it recorded. I’m not a professional filmmakers, but more pixels always seem like a good idea to me.

Wrap-up

I wasn’t blown away by the Galaxy S5, but that’s not to say it’s a bad device. It’s a powerful handset and both the fingerprint scanner and heart rate monitor are unique for a high-end Android smartphone, given you’re actually interested in using them.

Samsung’s fresh take on the Android experience is an important first step and it’s nice to see an end to the slippery, cheap plastic backs that have plagued older Galaxy S handsets. Another year, another refinement. It’s just a pity Samsung didn’t gamble with a revolution instead.

Gallery:

P1050084 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050087 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050088 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050089 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050091 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050092 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
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P1050102 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050106 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050111 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050118 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050119 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P10501261 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?
P1050129 520x390 Samsung Galaxy S5 hands on: Is the fingerprint scanner and heart rate monitor just a gimmick?

└ Tags: syndicated
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