Tag: Asia
Google Play drops commissions to 15% from 30%, following Apple’s move last year
Google will lower its Play commissions globally for developers that sell in-app digital goods and services on its marquee store, the company said, following a similar move by rival Apple late last year. The Android-maker said on Tuesday that starting July 1, it is reducing the service fee for Google…
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China wants to dismantle Alibaba’s media empire: reports
Over the years, Jack Ma has accumulated a media portfolio in China that rivals that of Jeff Bezos in the United States. But now the future of Ma’s media empire is in the crosshairs of the Chinese government, which is wary of the billionaire’s increasing media clout. The Chinese authorities…
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Tiger Global in talks to invest in young Indian social network at $170M valuation
Who says there is no room for a new social network? Tiger Global is in advanced stages of talks to lead a round of $15 million to $20 million in seven-month-old Kutumb that values the Indian startup at about $170 million, four people familiar with the matter told TechCrunch. The…
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How ByteDance plans to crack the gaming industry
For the last few years, ByteDance, the parent company of short video app TikTok, has been working to diversify its revenue streams beyond advertisement and find more ways to monetize its hundreds of millions of users. One area it is targeting is gaming, which has historically been a lucrative business…
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Apple starts assembling iPhone 12 in India
Apple is beginning to assemble the iPhone 12 in India as it ramps up its production capacity in the world’s second largest smartphone market. Foxconn, a contract manufacturing partner of Apple, is assembling the iPhone 12 model — though currently no other iPhone 12 model — Pro and Pro Max,…
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India’s Paytm turns Android smartphones into POS machines in merchants push
Paytm said on Tuesday it is turning NFC-enabled Android smartphones into point-of-sale machines, as it looks to win more merchants in one of the world’s largest mobile payments markets. A Paytm merchant partner will now be able to enable card acceptance feature from their Paytm Business app. Once activated, they…
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