Priyanka | Pixr8 News

28Sep By PriyankaNo Comments

USA

US Judge Suspends Trump Ban on Tiktok

Washington, 28th Sept 2020: U.S. District Judge Carl Nichols temporarily blocked President Donald Trump’s ban order on TikTok. U.S. District Judge granted a preliminary injunction against the ban on new downloads of the video-sharing network, which would have gone into effect at 11:59 p.m. in Washington. TikTok’s owner, ByteDance Ltd. applied for the hold after President Trump ordered the app ban despite of the company sold a stake in its U.S. operations to a domestic buyer. The ban would have removed TikTok from app stores run by Apple and Google. People who don’t yet have the app wouldn’t have been able to get it, and those who already have it wouldn’t have access to updates needed to ensure its safe and smooth operation. TikTok has been downloaded by more than 100 million...

China’s largest pet-focused platform Boqii launches IPO in US

25Sep By PriyankaNo Comments

Market

China’s largest pet-focused platform Boqii launches IPO in US

SHENZHEN, China, Sept. 25, 2020-- China's largest pet-focused platform Boqii (BQ.US) launched an initial public offering (IPO) of $77 million in the US. With the IPO, Boqii plans to offer 7 million shares for USD $10-$12 each. Boqii will become the first US-listed company in the Chinese pet industry. According to data from US-based business consulting firm Frost & Sullivan, Boqii is the largest pet-focused platform in China in terms of revenue and number of customers, the largest pet-focused online community in the country in terms of registered users, and the largest pet-focused online retailer in the country in terms of gross merchandise value (GMV). Boqii was established in Shanghai in 2008 as a community designed to provide a vertically integrated social platform for pet own...

Roommatch- The Perfect Place to find Roommate and Room in US

23Sep By PriyankaNo Comments

Story

Roommatch- The Perfect Place to find Roommate and Room in US

Los Angeles, CA, Sept 23rd, 2020: With every single thing going online these days, how would you feel if we say you can even find roommates for yourself on the internet while getting great potential matches? Let's face it, finding the right roommate is a big deal in US. And all kinds of important factors have to be kept in mind when you're looking for someone to share a home with including rent cost. After all, if you can find dating partners on a designated website, why not try to find a roommate through one too? Thankfully, the existence of roommatch website can help you find the perfect or at least close enough roommate in US cities. The platform was launched on 1 November 2011, with the objective of making the finest room and roommate finder. The website he...

15Sep By PriyankaNo Comments

CHINA

Tencent to Dominate China’s eSports Market Following $10 Billion Merger

eSports is one of the fastest-growing markets in the world. The most modern of entertainments, it has turned video gaming into a viewer sport one with a vast global audience. Due to its extensive size and reach, it has lately become a point of interest for tech companies from every corner of the globe. While Amazon-owned Twitch is currently the world’s leading eSports platform, its crown is not secure, and Tencent and its subsidiaries have recently made some major moves to remove Twitch from its leading position most particularly, in Tencent's home country, China. A Lucrative Industry For those who have followed eSports in recent years, it comes as no surprise to discover that this unique form of entertainment has a huge international audience. Especially popular among the yo...

Intel launches 11th Gen Intel Core Processors

3Sep By PriyankaNo Comments

Tech

Intel launches 11th Gen Intel Core Processors

SANTA CLARA, Calif.-- Intel launches nine new 11th Gen Intel Core processors with Intel Iris Xe graphics (code-named “Tiger Lake”) on Sept. 2, 2020. Intel said that they are the world’s best processors for thin-and-light laptops with unmatched capabilities for real-world productivity, collaboration, creation, gaming, and entertainment across Windows and ChromeOS-based laptops. Leveraging Intel’s new SuperFin process technology, 11th Gen Intel Core processors optimize power efficiency with leading performance and responsiveness while running at significantly higher frequencies versus prior generations. More than 150 designs based on 11th Gen Intel Core processors are expected from partners including Acer, Asus, Dell, Dynabook, HP, Lenovo, LG, MSI, Razer, Samsung, and others. A...

Unacademy Raises $150 Million at $1.5 Billion Valuation

3Sep By PriyankaNo Comments

FUNDING

Unacademy Raises $150 Million at $1.5 Billion Valuation

India based Edtech firm Unacademy raises $150 million in funding led by Softbank Vision Fund 2 along with participation from existing investors including Facebook. The fresh fund infusion values Unacademy at $1.5 billion, Unacademy co-founder Gaurav Munjal told Pixr8 News. "Unacademy plans to utilise the funds to launch new products and build a world-class team and organisation. We have recently launched a chess course where Viswanathan Anand (Indian chess grandmaster) gives training. We will innovate and launch programs in several new categories," Munjal said. General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round, the company said in a statement. Unacademy saw close to three-fold jump in its valuation in the lat...

Delivery Hero acquires MENA based Online Grocery Marketplace InstaShop

1Sep By PriyankaNo Comments

ACQUISITION

Delivery Hero acquires MENA based Online Grocery Marketplace InstaShop

Berlin, 1st Sept 2020 – Delivery Hero announced that it has acquired InstaShop, a leading online grocery marketplace in the Middle East and North Africa region for $360 million. The initial purchase price amounts to approximately USD 270 million and the size of the deferred component to the founding team is dependent on the growth and profitability of the business in the following years. The acquisition of InstaShop marks the next step in Delivery Hero’s quest to pioneer q-commerce, the next generation of e-commerce. InstaShop was launched in June 2015 and is based in Dubai. The company generates approximately USD 300 million GMV on a Q2 2020 annualized basis, up c. 330% year-on-year, and a positive EBITDA margin. With Delivery Hero’s support, the plan is to launch new markets a...

1Sep By PriyankaNo Comments

Market

Rocket Internet to delist itself from stock market

Berlin, 1st Sept 2020: Germany based tech investment firm Rocket Internet plans to delist itself from the Frankfurt and Luxembourg stock exchanges. The company said it has sufficient access to capital outside the stock exchange and can better pursue a long-term approach to investing. Rocket Internet, with a market capitalisation of 2.6 billion euros ($3.12 billion), would be better off going private again since it successfully listed all the major firms it helped found, including Delivery Hero , HelloFresh and Home24 . Listed on stock market in 2014, Rocket’s shares have mostly traded well below their issue price of 42.50 euros and below the combined value of the cash on its balance sheet and its own valuation of its remaining investments. In its latest financial results, publish...

Walmart joins Microsoft bid to acquire video app TikTok

28Aug By PriyankaNo Comments

News

Walmart joins Microsoft bid to acquire video app TikTok

Washington, Aug 28, 2020: USA based world's largest retail store Walmart set to bid with Microsoft to acquire Chinese owned video app Tiktok. Walmart made a joint acquisition bid with Microsoft to acquire TikTok US business after the US President set the deadline to stop Tiktok operation in the USA. Microsoft provides cloud computing services that help run the retailer's stores and online shopping. The two companies signed a 5-year partnership in 2018, enabling them to join forces against a shared rival, online shopping giant Amazon. Walmart said in a statement that a deal with Microsoft and TikTok could help it expand its advertising business and reach more shoppers. TikTok has gained 100 million US users. But the White House is pushing TikTok's Chinese owner ByteDance to sel...

Amazon Ordered 1,800 Electric Delivery Vans from Mercedes Benz

28Aug By PriyankaNo Comments

Automobile

Amazon Ordered 1,800 Electric Delivery Vans from Mercedes Benz

Berlin, Aug 28, 2020: Amazon bought 1,800 electric delivery vans from Mercedes-Benz, the biggest such order for the German automaker to date. In announcing the order, Mercedes said it would also join a climate initiative established by Amazon founder Jeff Bezos. By signing up to The Climate Pledge, Mercedes-Benz commits itself to going completely carbon neutral by 2039. Scientists say man-made emission of greenhouse gases such as carbon dioxide must end by 2050 at the latest to avoid pushing global temperatures beyond the threshold of 1.5 degrees Celsius (2.7 Fahrenheit) set out in the Paris climate accord. The transport sector, including the surge in deliveries from online retailers like Amazon, is a major source of carbon emissions. “We need continued innovation and partn...

27Aug By PriyankaNo Comments

FUNDING

imocha raises pre-series A funding of $600K

PUNE, India, Aug. 26, 2020-- SaaS-based digital skills assessment startup Interview Mocha has secured $600,000 in pre-series A funding from a group of investors, including Freshworks CEO Girish Mathrubootham.Interview Mocha has remained bootstrapped since its founding in 2015 and has revenues of more than $2 million ARR. The startup was founded by former IBM executives Amit Mishra and Sujit Karpe. Other high-profile investors in the round include former Snapdeal CPO and Facebook Director Anand Chandrasekharan, and Vaibhav Domkundwar, CEO of Better Capital. Girish Mathrubootham, CEO of Freshworks, said, "Amit and Sujit have built a solid team, and a product that customers love. The company is already profitable and has a big addressable market." "Talent leaders of global companies...

24Aug By PriyankaNo Comments

News

NIIT Technologies Renamed itself, Now known as Coforge

NOIDA, India, Aug. 24, 2020-- NIIT Technologies, a leading global IT solutions and services organization has begun operating under a new name Coforge Limited. This renaming initiative reflects both the evolution of the company as well as its vision for the future. Launched in 1981, the firm has over the last three years charted a very high growth and change trajectory. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides Coforge with a distinct vantage. Coforge leverages AI, Cloud, and Insight-driven technologies, allied with industry expertise to transform client businesses into intelligent, high growth enterprises. The organization's 11,000+ Employees are the change driv...