Weeks after securing US$215 million in funding, Chinese bike-sharing startup Mobike has received investment cash from Foxconn.
The deal, for an undisclosed sum, sees Foxconn helping with manufacturing of the startup’s smart bikes, which can be unlocked, paid for, and locked again using an app. The plan is to double annual production to 10 million as Mobike expands to new cities across China.
Sociolla is Indonesia’s trusted and most complete online shopping destination offering authentic beauty products e.g. make up, skin care, hair care, fragrance and beauty tools serving women across Indonesia.
Sociolla, an ecommerce site for all kinds of cosmetics and beauty products just freshened up with a new round of financing.
The startup’s series B comes from Istyle, a Tokyo stock exchange-listed fashion company that operates, among other things, popular beauty website @cosme in Japan. East Ventures also participated in the round. The terms weren’t disclosed.
Following several months of in-depth investigations, Samsung Electronics today announced the cause of the Note7 incidents and measures to prevent a recurrence during a press conference held in Seoul, Korea. DJ Koh, President of Mobile Communications Business, Samsung Electronics, shared detailed results of the investigation and expressed his sincere apology and gratitude to Galaxy Note7 customers, mobile operators, retail and distribution partners and business partners for their patience and continued support.
It’s basically what Anna Shedletsky of Instrumental Inc., published two months ago.
In compliance with a government mandate, Globe Telecom said it is ready to provide the Credit Information Corporation (CIC), a state-run agency, with the credit information of its customers starting February this year.
“As mandated by law, Globe is ready to comply with the directive to provide basic credit data. We are confident that establishment of a credit information system in the country will further enhance development of the local financial sector that, in turn, will further boost economic growth,” Globe General Counsel Froilan Castelo said.
Republic Act 9510, also known as the Credit Information System Act enacted into law in 2008, provides for the creation of the CIC. The agency is primarily tasked to collect and disseminate relevant credit information that directly address the need for reliable credit information concerning the credit standing and track record of borrowers, thus potentially improving chances of loan approvals and enabling lenders to make appropriate decisions regarding loan applications.
The law requires banks, quasi-banks, their subsidiaries and affiliates, life insurance companies, credit card companies, and other entities that provide credit facilities to submit basic credit data and updates on a regular basis to the CIC for its mandate to update the basic credit data of a borrower on a monthly basis. The said data includes any negative and positive credit information that tends to update the credit status of borrowers.
The establishment of a comprehensive credit information database is expected to enhance financial inclusion in the country. For instance, those with Globe accounts but have no credit record from a bank or any financial institution can now have credit information, which could be one of the possible bases for loan approval.
Recently, the scope of CIC’s coverage was expanded to include telecommunication companies as provided for under CIC Circular 2016-01. “The CIC has determined that telecommunications companies are within the purview of the law whose data is relevant for determination of creditworthiness and in making credit decisions,” the circular stated.
With the establishment of a comprehensive credit information database, financing companies may use the basic credit data from the pool of credit information gathered and collected by CIC from the submitting entities to establish the creditworthiness of an individual or an organization.
Formerly knowns as the “Bang With Friends” app. Down is an app that let’s you hook up with people you know on Facebook.
DOWN uses social apps to help people strengthen relationships in the offline world through honest interactions. Based in San Francisco, our mobile and online development teams put together groundbreaking apps that are changing the way people discover relationships in a mobile world.
Users anonymously select their Facebook friends and friends of friends who strike their fancy and the secret is only revealed when that person also selects the user.
Paktor was founded in July 2013 with the mission of connecting people in Asia through technology-enabled platforms. With one of the largest user bases in the region of over 6 million, Paktor has facilitated 5 billion profile reviews to date. Leveraging Paktor’ s carefully crafted proprietary technology and first-mover advantage in the region, Paktor’ s flagship app has become the most successful social networking app for singles in Southeast Asia and Taiwan.
Remember “Bang With Friends?” The controversial app, which later rebranded as Down, was acquired by Singapore-based dating startup Paktor (they’re, um… hooking up).
The terms of the deal were not disclosed, but we’re told it was several million. After raising just $1 million, it was a “positive outcome” for investors like Tim Draper. Paktor has pulled in more than $50 million from investors, including a recent $32.5 million round in October — it is focused on Asia but also has services in Latin America, the U.S. and Europe.
Following several months of comprehensive investigations, Samsung executives will announce the cause of the Galaxy Note7 incidents and quality enhancement plan during a press conference in Seoul, South Korea, on January 23, 2017 at 10am(KST).
Samsung Electronics, as well as independent expert organizations who conducted their own investigations into various aspects of the Galaxy Note7 incidents, will share their findings. In addition, Samsung will discuss the new measures the company has implemented in response to the incidents.
Apple has acknowledged that there are battery problems on some iPhone 6S models that cause the devices to unexpectedly shut down. In a statement posted by Power Mac Center (the authorize partner and service center of Apple Inc.) in their Facebook and Twitter page, they said that the iPhone 6s Battery Replacement Program is now available in their service center.
You can check if your iPhone 6s is eligible for the battery replacement program, just go to the Apple Support Page and then just type the serial number of your iPhone 6s in the text box then click submit. A message will tell you if you’re eligible for the battery replacement program or not.
We earlier reported on the block of more popular porn websites a few days earlier. While a bunch of people said that they could no longer access their favorite porn site, a large swath of the population could still visit their porn website of choice. But it looks like the porn block will soon expand to cover more websites and ISPs, as the NTC has ordered the block of 21 porn websites, according to Interaksyon.
NTC Deputy Commissioner Edgardo Cabarrios sent the order to all ISPs last December on the request of the PNP.
In the last 5 years, discarded electronics or e-waste surged by 63% in East and Southeast Asia and that includes the Philippines. It continues to climb as individual incomes rise and high demand for new gadgets and appliances drives it further.
As more gadget are developed, released and the more people who can afford them, e-waste will become a major problem especially to countries like the Philippines that does not have the infrastructure to process e-waste. Not to mention other countries dumping their garbage in the country.
SelluSeller SaaS Technology and integration with ecosystem players makes online selling and ecommerce logistics simple for everyone. The Anchanto platform is an ecommerce ecosystem, enabling and connecting all key players across the globe. Anchanto was established on 17th June 2011 in Singapore with the vision “to give customers an enachanting experience” through our software platform and associated services.
Techcircle.in is dedicated to tracking innovations, products, strategies, technology, financing, companies and people behind them in India’s startup universe.
The platform is part of VCCircle Network, a leading financial data, news and information services group. Its portfolio of businesses includes leading financial news web sites, flourishing events and training divisions and a financial data platform, VCC Edge.
Anchanto, an ecommerce and logistic company based in Singapore. The Anchanto platform is ecommerce ecosystem, enabling and connecting all key players across the globe. Anchanto was established on 17th June 2011 in Singapore with the vision “to give customers an enchanting experience” through our software platform and associated services.
Ecommerce and logistics company Anchanto has launched a new software platform that helps merchants, brands, and distributors sell products on a multitude of marketplaces. The product, called SelluSeller, was announced today during a company event in Singapore.
Whether it is artificial intelligence or targeted advertising, it’s the quality of data that determines how smart the results will be. Berlin-based Zeotap, which also has a joint venture in Bangalore, zeroed in on this aspect from the very outset of its adtech business in late 2014. It started tying up with telecom companies across Europe and Asia to use their customer data for targeting mobile ads.
SEOUL, South Korea — The sprawling investigation into President Park Geun-hye of South Korea took a dramatic turn on Monday with word that prosecutors were seeking the arrest of the de facto head of Samsung, one of the world’s largest conglomerates, on charges that he bribed the president and her secretive confidante.
A prosecutor’s call for the arrest of Jay Y. Lee, the vice chairman of Samsung and only son of the company’s incapacitated chairman, Lee Kun-hee, brings new scrutiny to the deep ties between top government officials and the handful of corporations that dominate South Korea’s economy.
It was not a good 2016 for Samsung and looks like 2017 will not be any different, well at least for the start of the year.
Vox is an American news and opinion website owned by Vox Media. The website was founded in 2014 by Ezra Klein. Vox is noted for its concept of “explanatory journalism” and its use of “card stacks” that define terms and provide context within an article. It has been described as having a liberal or progressive editorial perspective.