Tag: alibaba
Chinese cloud infrastructure market generated $3.3B in Q42019
Research firm Canalys reports that the Chinese cloud infrastructure market grew 66.9% to $3.3 billion in the last quarter of 2019, right before the COVID-19 virus hit the country. China is the second largest cloud infrastructure market in the world, with 10.8% share. The quarter puts the Chinese market on…
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How big tech is taking on COVID-19
Over the past week, one thing has become painfully clear for U.S. residents: COVID-19 is going to permeate every aspect of our lives for a long time to come. Those of us in and around tech have been noticing this for months now. First through the impact on our friends…
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Africa e-tailer Jumia reports first full-year results post NYSE IPO
Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted losses. The online sales company, with an operations center in China, also anticipates some negative impact on 2020 growth from the coronavirus outbreak, CEO Sacha…
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A ‘stalkerware’ app leaked phone data from thousands of victims
A spyware app designed to “monitor everything” on a victim’s phone has been secretly installed on thousands of phones. The app, KidsGuard, claims it can “access all the information” on a target device, including its real-time location, text messages, browser history, access to its photos, videos and app activities, and…
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Africa Roundup: Trump’s Nigeria ban, Paga’s acquisition and raises — Fluterwave $35m, Sendy $20M
The first month of the new-year saw Africa enter the fray of U.S. politics. The Trump administration announced last week it would halt immigration from Nigeria — Africa’s most populous nation with the continent’s largest economy and leading tech sector. The presidential proclamation stops short of a full travel ban…
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How Bykea is winning Pakistan’s ride-hailing and delivery market
With less than $7M in VC funding, the startup is beating Uber Manish Singh 9 hours Increasingly, the streets of Karachi and Lahore are being flooded with men riding bikes and wearing green T-shirts, a writer friend recently told me. In a sense, these men represent the emergence of Pakistan’s…
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