• 5
    Oct

    Google delays mandating Play Store payments rule in India to April 2022

    Google is postponing the enforcement of its new Play Store billing rule in India to April 2022, days after more than 150 startups in the world’s second largest internet market forged an informal coalition to express concerns over the 30% charge the Android-maker plans to mandate on its store and started to explore an alternative marketplace for their apps. The company, which ...
  • 5
    Oct

    Ola fails to get ride-hailing license renewed in London, says it will appeal and continues ...

    Just six days after Uber won its appeal against London transportation regulators to continue operating in London for another 18 months, one of its bigger rivals has found itself in the hot seat. Ola, the India-based ride-hailing startup, is not getting its Transport for London ride-hailing license renewed, after failing to meet some of TfL’s public safety requirements specifically around licensing for drivers ...
  • 29
    Sep

    Exotec raises $90 million for its warehouse robots

    French startup Exotec has raised a $90 million Series C round led by 83North, with existing investors Iris Capital and Breega also participating. Other existing investors include 360 Capital. The company has been working on semi-automated warehouses for e-commerce clients. The system is based on tiny robots called Skypods. They roam the floor and go up and down racks to pick up ...
  • 11
    Sep

    Imran Khan’s Verishop adds Verified Shops, a way for emerging brands to set up shop ...

    Verishop, the Los Angeles online retailer founded by former Snap executive Imran Khan, launched a little over a year ago to change the way people shop online. Now the company is launching a new initiative called “Verified Shops” which looks to change the way that up-and-coming retail brands can sell their wares.  As direct-to-consumer and upstart brands look for new ...
  • 11
    Sep

    Trump says deadline for TikTok sale won’t be extended

    The United States government will not extend the September 20 deadline for Beijing-based ByteDance to sell TikTok,  President Donald Trump said on Thursday. This adds urgency to negotiations because TikTok may be banned in the United States if it can’t reach an agreement with a buyer. “We’ll see what happens. It’ll either be closed up or they’ll sell it,” Trump said before boarding Air Force One ...
  • 31
    Aug

    TikTok parent ByteDance says it will ‘strictly follow’ China export controls

    While Beijing has repeatedly spoken out against Washington’s pressure on Huawei, it has remained relatively quiet amid TikTok’s recent struggles in the U.S. As the red-hot video app approaches a final sale in the U.S., however, the Chinese authority moved unexpectedly to make the deal more complicated to go through. On late Friday, China’s Ministry of Commerce updated its export control categories to cover ...
  • 21
    Aug

    There’s no frontrunner to be found among the TikTok alternatives

    The U.S. market has no real frontrunner poised to claim TikTok’s throne if the app is banned in the country. According to Trump’s executive order, TikTok’s owner ByteDance has to divest of TikTok’s U.S. operations or the app will be banned from the U.S. market on November 12. A number of companies have considered the TikTok deal, including frontrunner Microsoft, Twitter, Google and even Oracle, for some reason. But ...
  • 19
    Aug

    TikTok’s big UnitedMasters deal is the way forward for creators looking to secure their bag

    TikTok is right in the jaws of a thorny situation with the U.S. government regarding its ownership, but it’s sending a clear message today that it is not sitting on its heels with big deals. Yesterday, it announced a deal with UnitedMasters to allow artists on TikTok to distribute their songs directly to streaming services and other partners directly. UnitedMasters is the un-record-label ...
  • 18
    Aug

    Tesla shares rally for no reason

    Tesla shares surpassed $1,800 for the first time today, the latest in an eye-popping run up of the stock that has propelled the company’s valuation to more than $341 billion. Let’s put these numbers in perspective. Tesla,  an automaker that delivered 367,500 vehicles in 2019 and is aiming to exceed the 500,000-mark in 2020, is worth more than the combined market valuations of ...
  • 14
    Aug

    Amazon launches online pharmacy in India

    Amazon has launched an online pharmacy in Bangalore, the capital of India’s southern Karnataka state, as the e-commerce group looks to spread its tentacles in more categories in one of its key overseas markets. The company said on Friday its new service, called Amazon Pharmacy, has started accepting orders for both over-the-counter and prescription-based medicines in Bangalore. (In India, antibiotics and ...