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What does that high score cost you? Why one in five gamers falls victim to fraud

Financial fraud is a problem for many industries, but as micro-transactions become more commonplace in gaming, fraud is proving problematic for developers and gamers alike.

The post What does that high score cost you? Why one in five gamers falls victim to fraud appeared first on Digital Trends.


Source: Digital trends

Alibaba’s Lazada begins to offer financing for online retailers in Southeast Asia

Alibaba’s Lazada is introducing new credit options for SMEs as it aims to boost the number of retailers in Southeast Asia, the region with 650 million consumers.

The firm announced a partnership with Finaxar that will see the fintech offers its services to Lazada sellers in Singapore. There are plans to expand the arrangement to cover other parts of Southeast Asia in the future.

Two-year-old Finaxar offers a range of financial products in Southeast Asia but now it has teamed up with the e-commerce company to provide a credit line option for Lazada sellers, as opposed to more structured financing such as loans. The credit line can last for up to six months, with up to SG$5,000-SG$1 million ($3,650-$730,000) on offer, the companies said.

The service is priced at 0.7-1.5 percent every 30 days and at a rate that is pro-rated. Finaxar said all fees are shown transparently in the service to avoid the unwanted surprise of hidden add-ons.

Finaxar founders Vihang Patel and Sian Tan told TechCrunch that a credit line gives companies the flexibility to dip into additional cash when needed, for example during peak season to buy more product, and also pay parts back when significant payment volumes come in, without the commitment of more formalized lending.

The financial assessment, they explained, comes via a one-click integration with Lazada seller dashboard. When clicked, that sends the merchant to the Finaxar where they are asked to provide information; a credit assessment is delivered in under five minutes.

Patel said Finaxar is currently assessing expansion to two undisclosed markets, which he said would include launches in collaboration with Lazada and potentially as soon as before the end of this year. That’s pretty crucial for the partnership to make an impact for Lazada, since most of its 300,000 retailers are located outside of Singapore.

Alibaba has pumped billions into Lazada since it took a majority investment in 2016. Most recently it injected $2 billion in March in a move which also saw Alibaba install Lucy Peng, one of its original 12 founders and the former Chairwoman of Lazada and ex-executive chairman of Ant Financial, as Lazada CEO.

Lazada is in a dogfight with Shopee, the e-commerce firm of U.S.-listed Sea, to become the dominant e-commerce platform in Southeast Asia. Sea recently pumped $500 million of newly-raised capital into Shopee, while this week its latest earnings revealed that the service’s quarterly revenue has grown to $58.8 million. Alibaba doesn’t reveal comparable figures for Lazada.

Lazada’s collaboration with Finaxar comes after Aspire Capital, an SME financing startup founded by an ex-Lazada executive, announced it had raised $9 million.


Source: TechCrunch

Russian arms manufacturer Kalashnikov unveils its answer to Tesla

The Russian weapons manufacturer Kalahsnikov, best known for making the AK-47 machine gun, has unveiled a fleet of electric and hybrid cars, buggies and motorcycles this week — including an electric vehicle that the company says will rival Tesla.

While it’s a noble goal to take competitive aim at the world’s most famous electric vehicle brand, the retro-styled concept car, dubbed the CV-1, bears a closer resemblance to another, more infamous car from the soviet era… the Trabant.

That’s a vehicle, by the way, whose Fahrvergnügen is best illustrated by the Conan O’Brien’s demonstration below.

The CV-1 is based on the retro-IZH-21252 model known as the “Combi” and is a test bed for Kalashnikov’s electric drive train, which the company said was developed in-house. The Combi has a cruising range of 350 kilometers and can go from 0 to 100 kilometers in roughly 6 seconds, so says the company.

Batteries for the new electric vehicle from Kalashnikov have a capacity of 90 kilowatts per hour.

At the same gun show where the new EV was unveiled, Kalashnikov also showed off a hybrid buggy and an electric motorcycle to complete its hattrick.

The four-seat buggy can purportedly achieve speeds of up to 100 kilometers-per-hour and has separate electric engines for its front and rear wheels, along with hydraulic shock absorbers. According to Russian news agency RT, the vehicles are a relatively recent addition to the Russian military’s mobility arsenal.

Kalashnikov’s new electric motorcycle for police units

Kalashnikov may have Tesla in its sights, but the car company likely has more to fear from U.S. regulators than it does from a Russian competitor. At this point, the weapons manufacturer might find more of a market for another machine it debuted at the Russian military trade show — its golden, metal-plated killer robot (!!).

Here’s a selection of images below, courtesy of Kalashnikov, of the new electric vehicle.

With assistance from Jon Russell


Source: TechCrunch

The Shining's Stanley Hotel gets visit from an actual wild bear – CNET

This black bear wants to play with you forever and ever and ever.
Source: CNET

Samsung Galaxy S9 review: A great phone, but a terrible time to buy… – CNET

Although the Galaxy S9 is cheaper than ever, wait a month — or seven.
Source: CNET

Be your own lighting designer with these layered light basics – CNET

Getting the light just right in your home isn’t as complicated as it seems. Follow these simple rules for a perfect ambience.
Source: CNET

Winter stout is coming? HBO releases new Game of Thrones beer – CNET

Inspired by character Jon Snow, here’s hoping Brewery Ommegang’s King in the North beer tastes like victory and not regret.
Source: CNET

Sharp Objects wraps up its first season – CNET

The murder mystery drama comes to its conclusion.
Source: CNET

Lamborghini is going to sell the Aventador SVJ that owned the 'Ring – Roadshow

Because the rich weirdos of the world need a 770 horsepower hypercar with four-wheel steering.
Source: CNET

Small fire breaks out near Tesla factory in Fremont – CNET

A fire started on a cardboard pile before being quickly extinguished.
Source: CNET

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