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Archivo del Autor: Belen De Leon

Indonesia’s EV Hive raises $20M for its co-working business to rival WeWork

WeWork is setting its sights on Southeast Asia, but that isn’t stopping local rivals from building up there business. In Indonesia, EV Hive — a co-working brand first started by a VC firm — has pulled in $20 million for expansion as its U.S.-based rival increases its focus on Indonesia.

The company was founded in 2015, by seed-stage investment firm East Ventures and a few friends, and today it counts 21 locations across Indonesia with eight more in development right now. This Series A round was led by Softbank Ventures Korea with new investors H&CK Partners, Tigris Investment, Naver, LINE Ventures and STIC Investments taking part.

Added to those names, a range of existing backers also put into the round, including East Ventures, SMDV, Sinar Mas Land, Insignia Venture Partners, Intudo Ventures and angel investors Michael Widjaya and Chris Angkasa.

EV Hive CEO Carlson Lau told TechCrunch that the firm plans to add 20 more locations next year as it expands its focus from Jakarta and Medan to cover more of the country, which is the world’s fourth largest with a population of over 250 million people. Further down the line, it aims to reach 100 spaces by 2022 with moves into markets like Thailand and Vietnam. The company makes its mark with large spaces — typically over 7,000 square meters per location — and it sees vast untapped potential in Indonesia, where Lau said there are 10 cities with populations of two million or more.

Lau said the company is already fielding expansion requests from overseas but for now the focus is growing a presence in Indonesia. The startup is also looking to do more for its members, which number some 3,000 plus as of May.

Not unlike WeWork, it is building out a services play which includes a member-based marketplace that lets fellow members sell services to each other. Typically, Lau said, the focus is areas like accounting, branding and marketing but where there are gaps, EV Hive is stepping up to offer its own services, too. The goal there is to increase revenue and broaden the services on offer.

“A a lot of co-working spaces compete on the same plain, whether it is design or giving away freebies, but we feel we have strong execution,” Lau said. “We fill out at the fastest space and the lowest cost. The nearest competitor has four spaces and just one-tenth of our floor space.”

“We’re also in a good position with a lot of top VCs invested in us and we’ve built an ecosystem of different community partners,” he added.

Lau ruled out potential acquisition-led expansion — that’s a route WeWork took to enter Southeast Asia, and it has also done the same in China — but he did concede that the co-working market in the region is getting crowded, particularly as those who started out “thinking the business is cool” begin to realize it is tougher than it looks.

“There will be a wave of consolidation in the coming months,” the EV Hive CEO predicted.


Source: TechCrunch

Ride-hailing firm Grab launches new venture to back startups in Southeast Asia

Grab, the ride-hailing firm that acquired Uber’s Southeast Asia business, is aiming to catalyze the early-stage startup scene in Southeast Asia after it launched an accelerator and investment unit called Grab Ventures.

The six-year-old company has already made investments and acquisitions — backing startups like Drive.ai and buying Indonesia’s Kudo and India-based iKaaz — and Grab Ventures will build on that by making 8-10 investments over the coming 24 month period, but it is also offering different kind of support. The firm will offer an accelerator program for “growth-stage” companies and play a hand incubating new services inside Grab, according to Chris Yeo, Head of Grab Ventures.

That accelerator effort — called ‘Velocity’ — will launch its first intake before the end of the year with around four to six companies per batch.

“It’s time for us to reflect on the tremendous support we’ve seen over the years and give back to the community,” he told TechCrunch in an interview. “We have a responsibility to empower the next generation of startups in Southeast Asia. We have a strong belief in taking a partnership approach, we know we can’t do it alone.”

On the partner side, Grab has recruited Singapore government agencies Info-communications Media Development Authority of Singapore (IMDA) and Enterprise SG to aid its efforts.

Taken together, Grab said it is aiming to help build an ecosystem of companies in Southeast Asia, a region of over 600 million consumers where the internet economy is tipped to grow from $50 billion per year in 2017 to over $200 billion by 2025, according to a recent report authored by Google. Ride-hailing as a segment is forecast to rise to $20 billion by 2025 up from $5 billion last year.

Grab believes that now it has reached scale with over 100 million downloads and more than 200 cities, the firm can help other startups rise up.

“Our object is to build new startups inside Grab and scale existing promising growth-stage startups. “Our hope for them is to grow from local leaders to regional champions and maybe global challengers,” said Yeo.

Grab Cycle is one business that Grab Ventures has incubated

Unlike traditional accelerator programs, Velocity isn’t aimed at a particular type of company while it is fairly general in terms of the stages that they are at. Yeo said the idea is to be flexible and work with companies that can benefit from Grab’s regional business and its various business units, which beyond taxis include food delivery, mobile payment and financial services.

“[Selection] depends on the startup, sector and industry,” Yeo explained. “Ideally they’ve got funding and are looking to scale up their business — which means typically going into more countries or accessing a larger customer base.”

However, Velocity will not take equity/offer investment as part of the program, although there may be investment opportunities with Grab Ventures further now the line, according to Yeo.

On the investment side, the focus is also broad, too.

Yeo said that Grab ventures isn’t a dedicated VC arm. There’s no set check size per investment (nor a total fund size) but it is broadly looking to back 8-10 companies in areas that align with Grab’s business, although financial services looks like being a major focus since Grab has already built a strong business in taxis, logistics and (most recently) food delivery.

Yeo said Grab would back more startups than that target if it finds the right opportunities. He said the business will identify opportunities using its teams in the eight markets that Grab is present. While Singapore, where Grab is based, is a key focus for the business alongside Indonesia, Southeast Asia’s largest economy and the world’s fourth most-populous country, Yeo said Grab Ventures will look for investment opportunities across the Southeast Asian region.


Source: TechCrunch

Qualcomm Snapdragon 850 is made for Windows PCs with ‘innovative form factors’

At Computex 2018, Qualcomm announced the Snapdragon 850, a chipset designed for Windows PCs. Unlike the first generation of Always Connected PCs, these devices will use a chipset designed specifically for the Windows PC experience.

The post Qualcomm Snapdragon 850 is made for Windows PCs with ‘innovative form factors’ appeared first on Digital Trends.


Source: Digital trends

MacOS Mojave hands-on review

The MacOS Mojave developer preview is out now, with a beta just around the corner. Chock-full of quality-of-life upgrades, we took it for a test drive to get a sneak peek at what you can expect from the next major update to MacOS. Let’s see how it stacks up to last year’s High Sierra.

The post MacOS Mojave hands-on review appeared first on Digital Trends.


Source: Digital trends

App developers get their wish with expanded support for free trials

A group of Apple developers recently banded together as a group called “The Developers Union” in order to plead with Apple, en masse, to allow them to offer free trials of their apps to end users. While not a traditional union with dues, it represented the first time a large group of developers pushed back at Apple’s control of the App Store’s policies. Today, it seems, the developers are having their voices heard.

In Apple’s newly updated App Store guidelines, the company has changed its policy around free trials. Previously, it allowed free trials of subscription-based apps, but now any app can offer a free trial.

The change, spotted by 9to5Mac, clarifies how this system will operate.

Apple says developers of non-subscription apps may offer a “free time-based trial period” before presenting a full unlock option by setting up a non-consumable in-app purchase that doesn’t cost any money.

The in-app purchase must specify the time frame the trial is being offered, and clearly explain to users what content and services it includes.

While Apple may have already been considering support for free trials for all apps, it’s notable that the change followed The Developer Union’s open letter on this matter. That gives the appearance, at least, that the developers had some sway. This is important because the group says they plan to advocate for other changes in the future, including a “more reasonable revenue cut” and “other community-driven, developer-friendly changes.”

As for the request for free trial support, there are currently 636 apps backing this cause on the union’s website – and the majority are indie developers looking to grow their businesses, not the major players.

Their letter specifically asked Apple to commit to “allowing free trials for all apps for the App Stores before July 2019.”

The updated support for free trials wasn’t the only significant change in the new App Store guidelines.

Apple also added a new section that requires apps to implement “appropriate security measures” for handling user data – a rule that could allow it to boot out shadier applications. Another privacy-related change said in-app ads can’t target “sensitive user data” and have to be age-appropriate.

The company addressed the situation with the rejection of the Steam Link app, as well, by saying that cross-platform apps may allow users to access content acquired on the other platforms, but only if it’s also available as an in-app purchase.

And Apple spelled out that apps cannot mine for cryptocurrency in the background, and explained how crypto apps should operate:

(i) Wallets: Apps may facilitate virtual currency storage, provided they are offered by developers enrolled as an organization.

(ii) Mining: Apps may not mine for cryptocurrencies unless the processing is performed off device (e.g. cloud-based mining).

(iii) Exchanges: Apps may facilitate transactions or transmissions of cryptocurrency on an approved exchange, provided they are offered by the exchange itself.

(iv) Initial Coin Offerings: Apps facilitating Initial Coin Offerings (“ICOs”), cryptocurrency futures trading, and other crypto-securities or quasi-securities trading must come from established banks, securities firms, futures commission merchants (“FCM”), or other approved financial institutions and must comply with all applicable law.

(v) Cryptocurrency apps may not offer currency for completing tasks, such as downloading other apps, encouraging other users to download, posting to social networks, etc.


Source: TechCrunch

Fitbit has shipped more than a million Versa smartwatches

No matter how you slice it, the Ionic was a rough start for Fitbit’s first true dive into the world of smartwatches. It was met with lukewarm reviews, and the company has since been fairly candid about the fact that sales figures simply weren’t what it was hoping/expecting.

Announced in March, the Versa was the Fitbit’s second shot at the category, designed to appeal to a more mainstream audience. From the look of it, the company is faring a lot better this time out. Fitbit announced today that it has shipped more than one million devices since the watch hit retail in mid-April.

Is that enough to right the Fitbit ship entirely? Not really, but it’s certainly a step in the right direction, especially given the sort of hail Mary pass involved here, with the purchase of several companies, including Pebble, Coin and Vector. It also presents a glimmer of hope that someone outside of Apple can have some real success in the smartwatch category. 

Among other things, the hardware was a much better fit for a larger swath of users than the bulky Ionic — the square design clearly took a page directly out of Pebble’s playbook. Fitbit has also been investing a lot in helping grow the watch’s native app store — the primary reason behind the Pebble purchase.

Also of note, the company’s women’s health tracker has been a success among early adopters, with more than 2.4 million users adding the feature to their app. That number includes 1.8 million users who have added one or more periods to their calendar. It’s certainly a sign that a feature like this was in-demand — how many users actually stick with the tracking after a month is another question entirely, however.

The news was met with a healthy stock bump, as well, representing some good news after what’s been a rough couple of years for the company and wearable makers in general. 


Source: TechCrunch

Apple is introducing a health record API for developers this fall

For all of the news that Apple managed to cram into today’s 135-minute(!) WWDC keynote this morning, the event was actually pretty light on health care updates. It was a bit of a surprise, given how much of a focus the company has put on the space at past events.

Apple did announce an interesting health tidbit today on its website today — something that likely just got squeezed out of keynote the event late in the game. Starting this fall, the company will open up health record data to third-party iOS apps through a new API. The feature will make it possible for users to share health data from more than 500 hospitals/clinics with third-party apps.

There are, clearly, some serious concerns around sharing this sort of sensitive data.

The company is addressing this in a couple of ways. For starters, it’s all opt-in, obviously. Your personal information won’t be shared with any apps unless you explicitly allow it to be. The health records are also encrypted and stored locally on the phone.

“When consumers choose to share their health record data with trusted apps,” according to Apple, “the data flows directly from HealthKit to the third-party app and is not sent to Apple’s servers.”

As far as specific applications for such data, Apple points to medication tracking as one of the key case uses. Medisafe will be among the first to use the information in this way, letting users import prescription lists, in order to push reminders, without having to manually enter all of that information in the app.

Disease management is another possibility, for something along the lines of a diabetes app, which customizes recommendations based on health information. There’s also some applications for broader medical research here, providing anonymized health data for laboratory purposes.


Source: TechCrunch

iPhone apps are finally coming to your MacBook. Eventually. Sorta.

Apple made its stance perfectly clear during the WWDC 2018 keynote, stating that it’s not merging iOS with MacOS. Instead, Apple is bringing UIkit to MacOS so that iOS app developers aren’t starting from scratch for Macs.

The post iPhone apps are finally coming to your MacBook. Eventually. Sorta. appeared first on Digital Trends.


Source: Digital trends

Apple's ARKit 2 goes multiplayer on iOS 12 video – CNET

We face off with each other as we knock down blocks with a slingshot in Apple’s preview of games and apps to come.
Source: CNET

Senate panel to ask Facebook about data access report – CNET

The social network allegedly provided dozens of device makers with access to large amounts of user data.
Source: CNET

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