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Archivo del Autor: Belen De Leon

Google I/O 2019: Watch Live Video of the Keynote Right Here

The annual developer conference kicks off at 10 am Pacific on May 7 in Mountain View, California.
Source: Wired

The EU will reportedly investigate Apple following anti-competition complaint from Spotify

The spat between Spotify and Apple is going to be the focus on a new investigation from the EU, according to a report from the FT.

The paper reported today that the European Commission (EC), the EU’s regulatory body, plans to launch a competition inquiry around Spotify’s claim that the iPhone-maker uses its position as the gatekeeper of the App Store to “deliberately disadvantage other app developers.”

In a complaint filed to the EC in March, Spotify said Apple has “tilted the playing field” by operating iOS, the platform, and the App Store for distribution, as well as its own Spotify rival, Apple Music.

In particular, Spotify CEO Daniel Ek has said that Apple “locks” developers and their platform, which includes a 30 percent cut of in-app spending. Ek also claimed Apple Music has unfair advantages over rivals like Spotify, while he expressed concern that Apple controls communication between users and app publishers, “including placing unfair restrictions on marketing and promotions that benefit consumers.”

Spotify’s announcement was unprecedented — Ek claimed many other developers feel the same way, but do not want to upset Apple by speaking up. The EU is sure to tap into that silent base if the investigation does indeed go ahead as the FT claims.

Apple bit back at Spotify’s claims, but its response was more a rebuttal — or alternative angle — on those complaints. Apple did not directly address any of the demands that Spotify put forward, and those include alternative payment options (as offered in the Google Play store) and equal treatment for Apple apps and those from third-parties like Spotify.

The EU is gaining a reputation as a tough opponent that’s reining in U.S. tech giants.

Aside from its GDPR initiative, it has a history of taking action on apparent monopolies in tech.

Google fined €1.49 billion ($1.67 billion) in March of this year over antitrust violations in search ad brokering, for example. Google was fined a record $5 billion last year over Android abuses and there have been calls to look into breaking the search company up. Inevitably, Facebook has come under the spotlight for a series of privacy concerns, particularly around elections.

Pressure from the EU has already led to the social network introduce clear terms and conditions around its use of data for advertising, while it may also change its rules limiting overseas ad spending around EU elections following concern from Brussels.

Despite what some in the U.S. may think, the EU’s competition commissioner, Margrethe Vestager, has said publicly that she is against breaking companies up. Instead, Vestager has pledged to regulate data access.

“To break up a company, to break up private property would be very far-reaching and you would need to have a very strong case that it would produce better results for consumers in the marketplace than what you could do with more mainstream tools. We’re dealing with private property. Businesses that are built and invested in and become successful because of their innovation,” she said in an interview at SXSW earlier this year.


Source: TechCrunch

Game of Thrones episode 4: Who got some (and who got savagely rejected) – CNET

We can’t all win the great war of love. Spoilers ahead.
Source: CNET

Game of Thrones season 8 episode 4 recap: The battle is over but the war is ON – CNET

And you thought the White Walkers were the real monsters…
Source: CNET

Game of Thrones season 8, episode 4: Recaps, how to watch avoiding spoilers and how to stream HBO without cable – CNET

Four episodes down, two more to go.
Source: CNET

Game of Thrones season 8 episode 5 trailer teases next big battle – CNET

There are only two episodes left, so don’t miss a thing.
Source: CNET

Game of Thrones' latest twist is a tough one to take and we're very upset – CNET

Why would they do this?
Source: CNET

Thunes raises $10M to make financial services more accessible in emerging markets

Cross-border fintech continues to be an area of interest for venture capitalists. The latest deal sees GGV Capital — the U.S-China firm that’s backed Xiaomi, Airbnb, Square and others — lead a $10 million investment in Singapore-based startup Thunes.

Other investors in the Series A round are not being disclosed at this point.

Thunes — which is slang for money in French and is pronounced ‘tunes’ — is not your typical startup. Its service is a b2b play that provides payment solutions for companies and services that deal with consumers and need new features, increased interoperability and flexibility for users. It makes money on a fee basis per transaction and, in the case of cross border, a small markup on exchange rates using mid-market rates for reference.

The company was founded in February of this year when TransferTo, a company that provided services like mobile top-up cross-border split itself in two. Thunes is the b2b play that uses TransferTo’s underlying technology, while DT One was spun out to cover the consumer business of top-up and mobile rewards.

The investment, then, is a first outside raise for Thunes, which had previously been financed by TransferTo, which is a profitable business, according to Thunes executive chairman Peter De Caluwe, who led payments startup Ogone to a €360 million acquisition in 2013.

De Caluwe, who is also CEO of DT One, told TechCrunch that Thunes reached $3 billion in payment volumes over the last 12 months. His goal for this year is double that to $6 billion and already, he said, it is “on track to get there.” (Steve Vickers, who previously managed Xiaomi in Southeast Asia and has worked with Grab, is Thunes CEO.)

Thunes works with customers across the world in North America, Central America, Latin America, Africa, Europe and Asia, but it is looking particularly at Southeast Asia and the wider Asia continent for growth with this new capital. It is not a consumer-facing brand, but its biggest customers include Western Union, PayPal and Mpesa — where it has worked to connect the two payment interfaces in Africa — and India’s Paytm and ride-hailing company Grab, which it helps to pay drivers.

In the case of Grab — the $14 billion company backed by SoftBank’s Vision Fund — De Caluwe said Thunes helps it to pay “millions” of drivers per day. Grab uses Thunes’ real-time payment system to help drivers, many of whom need a daily paycheck, to convert their earnings to money in Grab’s wallet, their bank account or cash pick-up locations.

It’s hard to define exactly what Thunes’ role is, but De Caluwe roughly calls it “the swift of the emerging markets.” That’s to mean that it enables interoperability between different wallets, banks in different countries and newer payment systems, too. It also provides feature — like the instant payout option used by Grab — to enable this mesh of financial endpoints to work efficiently — because right now the proliferation of mobile wallets can feel siloed to the ‘regular’ banking infrastructure.

De Caluwe said that Thunes will work to add more destinations, support for more countries, more partners and more features. So growth across the board with this money. It is also looking to increase its team from the current headcount of 60 to around 110 by the end of this year.

Singapore is HQ but Thunes also has staff located in London and Nairobi offices, with some employees in the U.S. — they share a Miami office with DT One — and others remote in India and Indonesia. A Dubai office, covering the important and lucrative Middle East region, is in the process of being opened.

The company is also looking to raise additional capital to support continued growth. De Caluwe, who has spent time working at Telenor and Naspers-owned PayU, said a Series A+ and Series B is tentatively timed for the end of this year or early next year. The Thunes executive chairman sees massive potential since he believes the company “doesn’t have much competition.”

That’s echoed by GGV managing partner Jenny Lee .

“In China and the U.S, currency is homogenous and payment systems are established,” Lee told TechCrunch in an interview. “But in Southeast Asia right now, a huge number of the population is just getting on the internet and there are not a lot of established players.”

GGV has just opened its first office in Singapore — Lee herself is Singaporean — and the company intends to make fintech a major focus of its deals in the region. To date, Thunes is just its second investment in Southeast Asia, so there is certainly more to come.


Source: TechCrunch

Google I/O 2019: How to watch livestream, see full schedule and start times – CNET

The Google I/O developer conference starts this Tuesday, May 7. Here’s how to watch the keynote address live.
Source: CNET

Amazon Kindle Paperwhite is back on sale for $40 off – CNET

Ahead of Mother’s Day the new waterproof Paperwhite is $90 while the brand new entry-level Kindle is $70.
Source: CNET

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