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Despite slowing tablet sales, Lenovo launches 5 budget-minded tablets

Lenovo has taken the wraps off of a slew of new tablets aimed specifically at budget-minded shoppers. The tablets include the Lenovo Tab E7, E8, and E10, along with the Lenovo Tab M10 and Tab P10.

The post Despite slowing tablet sales, Lenovo launches 5 budget-minded tablets appeared first on Digital Trends.


Source: Digital trends

How Much Energy Can You Store in a Stack of Cement Blocks?

It’s not a trick question: You can make a battery out of concrete by storing gravitational potential energy.
Source: Wired

NewsGuard Fights Fake News With Humans, Not Algorithms

A new Chrome extension rates news sites on trustworthiness, with input from experienced reporters.
Source: Wired

Alibaba confirms it raised $3B for its newly consolidated local services business

Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired.

The company said it put the capital into the business alongside SoftBank, according to a note within its financial results that were released today. TechCrunch understands that the actual amount raised may increase as existing Koubei investors have an option to be a part of the new round, while new backers may also be added. Bloomberg previously reported the consolidation and investment.

From the filing:

We have established a company to hold Ele.me and Koubei as our combined flagship local services vehicle, which we plan to separately capitalize with investments from Alibaba, Ant Financial and third-party investors. As of the time of this announcement, we have received over US$3 billion in new investment commitments, including from Alibaba and SoftBank. As a result of this reorganization, subject to closing conditions, we will consolidate Koubei, which would result in a material one-off revaluation gain when the transaction closes.

Koubei, the company’s local services platform, got a $1.1 billion injection in early 2017 and is predominantly focused on enabling local commerce. Other investors besides Alibaba include Silver Lake, CDH Investments, Yunfeng Capital and Primavera Capital.

Ele.me, meanwhile, first landed an investment from Alibaba two years ago. The e-commerce giant bought it out in April in a deal that valued Ele.me at $9.5 billion. Ele.me is a key piece of Alibaba’s recent partnership with Starbucks — the on-demand service will be used to deliver coffee to Starbucks customers across China as the U.S. coffee giant seeks out new growth opportunities and competes with rival services.

The deal may be a footnote in Alibaba’s Q1 earnings report but it is representative of a new battle that’s taking place to own China’s ‘local services’ market. That is on-demand services such as groceries deliveries, takeouts, movie tickets and other commercial activities within local areas.

Meituan Dianping, a firm backed by Alibaba rival Tencent, has led the charge into local services. The company was formed from a merger deal involving China’s two largest group deals sites in 2015 and it has since raised significant capital, including a $4 billion round two years ago.

Meituan’s next act is an IPO in Hong Kong, and the ambitious firm has expanded into ride-hailing to take on Didi Chuxing, bike-sharing via a $2.7 billion acquisition of Mobike, and even Southeast Asia, where it invested in ride-hailing startup Go-Jek.

Local services — and in particular food delivery — remains its core focus. Alibaba is betting that pairing Koubei with Ele.me, throwing in a couple of billion and adding a dash of SoftBank can give it a strong rival that can compete for China’s ‘online to offline’ market. Another war is brewing.


Source: TechCrunch

Oppo R17 gets underscreen fingerprint sensor, not much else – CNET

The newest Oppo phone from China ticks all the right boxes, but does it have enough to stand out?
Source: CNET

So Retro: Play with old Apples and other early desktops at the Media Archaeology Lab video – CNET

Boot up an Apple IIe, insert a floppy disk and type on a big beige keyboard. The Media Archaeology Lab at the University of Colorado at Boulder lets you get your hands on iconic old computers.
Source: CNET

Sleep Number 360 review: This $7,600 smart bed isn't smart enough – CNET

Sleep Number’s pricey 360 Smart Bed tells you how you slept, but it needs to do much more.
Source: CNET

The best smart bed could be the one you already own – CNET

We slept on a bunch of smart beds to see which one serves up the best shut-eye.
Source: CNET

Lyft will offer discounted rides to voters during midterm elections – CNET

Voters in underserved communities will get free rides.
Source: CNET

Best Latte and Cappuccino Machines (2018): Keurig, Mr. Coffee, Nespresso, Breville

We’ve tested a bunch of the best latte machines and best cappuccino makers. These are the absolute best devices to make awesome milk and espresso drinks at home.
Source: Wired

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