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Apple plans to launch Apple Pay in China by February

24Nov By No Comments

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Apple plans to launch Apple Pay in China by February

Apple Inc plans to launch its mobile payment system Apple Pay in China by early February, the Wall Street Journal reported. The iPhone maker has struck deals recently with China's big four state-run banks, the newspaper reported late Monday, citing people familiar with the discussions. When launched, Apple Pay will mainly compete with Alipay, the online payment platform run by Alibaba Holding Group Ltd affiliate Ant Financial, and UnionPay Co, a state-controlled consortium that has a monopoly on all yuan payment cards issued and used in the country. Apple's plans could still face regulatory hurdles in China, where banking and e-commerce are overseen by a number of government agencies, WSJ said. Launched in the United States in October last year, Apple is bringing its payment se...

AllChinaTech exposes Alibaba’s fake $14B Single’s Day sales success

22Nov By AnkitaNo Comments

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AllChinaTech exposes Alibaba’s fake $14B Single’s Day sales success

Alibaba performed insanely well during its Singles Day shopping festival on November 11th bringing in RMB 92.1 billion (USD 14 billion) in sales revenue. Despite this, Alibaba’s stock price dropped from 81.43 on November 10th to 75.85 on November 15th. Why didn’t remarkable sales performance equate with a boost in stock price? AllChinaTech offers some quick answers. I. Stock price reflects expectations for a company, not necessarily past performance. The past few years have seen Alibaba experience strong growth, but the company is in need of something exciting to prove it can continue the momentum. It was reported last Friday, leading hedge fund manager, James Chanos, suggested shorting Alibaba stock and pitching long on competitor JD.com at a Morgan Stanley conference. Al...

How to do a perfect marketing? Learn from OLA!!

22Nov By AdityaNo Comments

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How to do a perfect marketing? Learn from OLA!!

Tow days before when OLA was trending, I thought it might be a marketing gimmick …. Indeed it was!! Great job done by the Marketing team at OLA to seize this opportunity to showcase OlaBoat service as a "Goodwill" gesture and capture top of mind recall within their Customer Base. That’s what I would call a Masters stroke by a relatively new player in the Market flooded with many big brothers (MNC’s) who are often advised by bigger advertising Gurus. I remember the day last year almost same time when Ola’s biggest rival “UBER” was much criticized for employing “surge pricing” during the hostage crisis in Sydney last year. It was an unfortunate event which “UBER” tried to monetize unlike “OLA” who capitalized the opportunity for “Brand Building”. Continuous rain for...

Google names VMware co-founder Diane Greene to lead cloud push

21Nov By AdityaNo Comments

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Google names VMware co-founder Diane Greene to lead cloud push

Reuters | 20 November 2015, 6:29 PM IST Google Inc, a unit of Alphabet Inc, said it appointed VMware Inc co-founder and industry veteran Diane Greene to run its cloud business, as CEO Sundar Pichai pushes ahead with efforts to gain share in the fast-growing market. Pichai has made selling cloud storage space to enterprises a growing priority for the company to take on rivals Amazon.com Inc and Microsoft Corp. "Every business in the world is going to run on cloud eventually," Pichai said on a post-earnings call in October. Amazon's cloud business is now its fastest-growing business, while Microsoft is banking on cloud computing to make up for slowing sales of personal computers. Greene, a Google director for three years, will lead a new team combining the compan...

After relaunch in India, Nestle sells 3.3 crore packs of Maggi noodles in 10 days

21Nov By AnkitaNo Comments

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After relaunch in India, Nestle sells 3.3 crore packs of Maggi noodles in 10 days

Nestle India, one of the largest FMCG companies in India, has so far sold 3.3 crore packs of its instant noodles Maggi in 350 towns across the India since the re-launch of the product last week. The company is selling Maggi at 1.2 lakh outlets through 724 distributors. The company had re-launched Maggi noodles in the market on November 9, after fulfilling conditions set by Bombay High Court which lifted ban imposed by FSSAI and Maharashtra FDA. MAGGI Noodles is presently being manufactured at three locations, at Nanjangud (Karnataka), Moga (Punjab) and Bicholim (Goa). For the other two locations at Tahliwal and Pantnagar, the company is engaging with the relevant authorities to obtain directions to commence manufacture. On the financial implications of the ban on Maggi, th...

Facebook Wants to Make Your Recent Breakup Less Painful

20Nov By No Comments

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Facebook Wants to Make Your Recent Breakup Less Painful

Facebook prides itself on its effectiveness in connecting people and bringing them together. But what happens when two people decide they’re better off apart? Today, the social network announced on its blog that it began testing out new tools to help people survive a breakup. U.S. mobile users will now see prompts to try these tools when they change their profile’s relationship status back to single. The option to “Take a Break” include seeing less updates and photos from a former partner without having to unfriend or hide them, and to limit what updates that person can see from the user as well. Newly single people will also have the option to customize who can see their previous posts and the ability to untag themselves from statuses and pictures. The changes are in response to cus...

LG Electronics to develop own mobile payment system

20Nov By PriyankaNo Comments

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LG Electronics to develop own mobile payment system

LG Electronics Inc said on Thursday it signed an agreement to develop its own mobile payment service called LG Pay. LG, which signed the agreement with South Korea's largest and second-largest credit card firms Shinhan Card Co Ltd and KB Kookmin Card Co Ltd, did not give a timetable or description of its planned technology. The mobile payment market is getting crowded as smartphone makers like Apple and Samsung Electronics Co Ltd have launched their own mobile payment services. LG Electronics' mobile payment system will be able to be used in all LG smartphones, unlike Samsung Pay which is available only in the recent Samsung smartphone models, South Korean wire service Yonhap reported on Thursday, without citing a specific source. An LG spokesman declined to comment ...

Housing.com to restructure business, will focus on buying and selling of apartments

19Nov By Press Trust of IndiaNo Comments

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Housing.com to restructure business, will focus on buying and selling of apartments

One of the biggest Online Realty portal in India, Housing.com will restructure its business to focus only on buying and selling of apartments, and also reduce its employee strength. SoftBank backed-Housing.com, which was founded in 2012, provides independently verified listings of homes. It has presence in 50 cities with about 2,500 staff members. "The company is restructuring to focus on the home-buying real estate segment and drive further efficiencies across the company", Housing.com said in a statement. "Furthermore, Housing.com will be reorganizing its teams to more efficiently execute this new focused strategy and, as a result, will be reducing its employee base", it added. The company however did not specify the number of employees it would reduce. "Housing....

Decoding – Snapdeal revenues have increased 5 times from last year

19Nov By AdityaNo Comments

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Decoding – Snapdeal revenues have increased 5 times from last year

It seems a comment from Kunal Bahl (CEO, Co-founder of Snapdeal) is true that Snapdeal will become profitable in three years. As per the latest data from a Blog, Snapdeal revenues have increased 5 times. The Blog also revealed that the loss per rupee of revenue earned has also decreased drastically comparison to last year. Loss per rupee chart: So Snapdeal revenues have been growing multifold every year. Every Valuation round is a multiple of the last one. But what about its losses? The negative point is that revenue for FY 2012-13 was INR 340 million which is a very small scale to be of any use for benchmarking. And the loss at even a scale of INR 1,680 million is twice the revenue.

19Nov By Press Trust of IndiaNo Comments

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Flashdoor Raises Money From Former and Current Flipkart Executives

Bangalore-based on-demand laundry service platform, Flashdoor, has raised an undisclosed amount in angel funding, led by former Flipkart executive Sujeet Kumar. Flipkart's Chief Business Officer Ankit Nagori and Tracxn Labs also participated in the round. Kumar was head of Flipkart's largest seller and its captive logistics business WS Retail Pvt Ltd, before quitting in May. Ankit Agarwal, co-founder Flashdoor Internet Services, said, "The investors joining the board would be mentors and would be instrumental in guiding the company in marketing, understanding strategy and raising money. The funding is expected to be invested in building core team and upgrading technology. The company would go in for another round of fund raising to support its plans to expand footprint across the ...

Google to contest Russia’s antitrust ruling on Android

18Nov By No Comments

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Google to contest Russia’s antitrust ruling on Android

Google will contest in court a ruling by Russia's antitrust agency that it broke competition law by abusing its dominant position with its Android mobile platform, the U.S. technology company said on Tuesday. Russia's competition watchdog ruled in September that Google had broken the law by requiring pre-installation of certain applications on mobile devices running on Android. (more…)

Amazon may export delivery lessons from India to cut costs abroad

15Nov By RishabhNo Comments

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Amazon may export delivery lessons from India to cut costs abroad

E-commerce giant Amazon.com is taking lessons learnt from its daily battles with India's choked roads and cramped cities to some of its largest developed markets, exporting a model of cheaper deliveries and reduced warehousing costs. Online shopping is booming in India, where millions of consumers are newly able to access the Internet thanks to cheap smartphones. For Amazon, it is already the largest contributor of new customers outside the United States. But, like local rivals Flipkart and Snapdeal, Amazon has struggled with deliveries in cities where snarl-ups are frequent and road signs unreliable. In response, firms have set up logistics networks and use motorbikes instead of trucks. Flipkart, for one, has tapped Mumbai's dabbawalas, a more than a century-old lunch box distrib...