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Archivo del Autor: Belen De Leon

Razer hooks up with Tencent to focus on mobile gaming

Razer is summoning a big gun as it bids to develop its mobile gaming strategy. The Hong Kong-listed company — which sells laptops, smartphones and gaming peripherals — said today it is working with Tencent on a raft of initiatives related to smartphone-based games.

The collaboration will cover hardware, software and services. Some of the objectives include optimizing Tencent games — which include megahit PUBG and Fortnite — for Razer’s smartphones, mobile controllers and its Cortex Android launcher app. The duo also said they may “explore additional monetization opportunities for mobile gaming” which could see Tencent integrate Razer’s services, which include a rewards/loyalty program, in some areas.

The news comes on the same day as Razer’s latest earnings,  which saw annual revenue grow 38 percent to reach $712.4 million. Razer recorded a net loss of $97 million for the year, down from $164 million in 2017.

The big name partnership announcement comes at an opportune time for Razer, which has struggled to convince investors of its business. The company was among a wave of much-championed tech companies to go public in Hong Kong — Razer’s listing raised over $500 million in late 2017 — but its share price has struggled. Razer currently trades at HK$1.44, which is some way down from a HK$3.88 list price and HK$4.58 at the end of its trading day debut. Razer CEO Min Liang Tan has previously lamented a lack of tech savviness within Hong Kong’s public markets despite a flurry of IPOs, which have included names like local services giant Meituan.

Nabbing Tencent, which is one of (if not the) biggest games companies in the world, is a PR coup, but it remains to be seen just what impact the relationship will have at this stage. Subsequent tie-ins, and potentially an investor, would be notable developments and perhaps positive signals that the market is seeking.

Still, Razer CEO Min Liang Tan is bullish about the company’s prospects on mobile.

The company’s Razer smartphones were never designed to be ‘iPhone-killers’ that sold on volume, but there’s still uncertainty around the unit with recent reports suggesting the third-generation phone may have been canceled following some layoffs. (Tan declined to comment on that.)

Mobile is tough — just ask past giants like LG and HTC about that… — and Razer’s phone and gaming-focus was quickly copied by others, including a fairly brazen clone effort from Xiaomi, to make sales particularly challenging. But Liang maintains that, in doing so, Razer created a mobile gaming phone market that didn’t exist before, and ultimately that is more important than shifting its own smartphones.

“Nobody was talking about gaming smartphones [before the Razer phone], without us doing that, the genre would still be perceived as casual gaming,” Tan told TechCrunch in an interview. “Even from day one, it was about creating this new category… we don’t see others as competition.”

With that in mind, he said that this year is about focusing on the software side of Razer’s mobile gaming business.

Tan said Razer “will never” publish games as Tencent and others do, instead, he said that the focus on helping discovery, creating a more immersive experience and tying in other services, which include its Razer Gold loyalty points.

Outside of gaming, Razer is also making a push into payments through a service that operates in Southeast Asia. Fuelled by the acquisition of MOL one year ago, Razer has moved from allowing people to buy credit over-the-counter to launch an e-wallet in two countries, Malaysia and Singapore, as it goes after a slice Southeast Asia’s fintech boom which has attracted non-traditional players that include AirAsia, Grab and Go-Jek among others.


Source: TechCrunch

Huawei P30 Pro will cost more than the Galaxy S10 Plus according to leak – CNET

The quad-rear camera behemoth will cost 999 euros, which converts roughly to $1,130.
Source: CNET

Galaxy Fold vs. Motorola Razr: Foldable phone specs compared – CNET

Samsung could have a serious foldable competitor that packs innovation into a tiny nostalgic package.
Source: CNET

How much!? British Airways glitch results in $4.2M quote for family vacation

Website errors sometimes cause flight prices to display at way below the correct price. But British Airways recently experienced the opposite issue when it tried to charge a family more than $4 million for a vacation in Mexico.

The post How much!? British Airways glitch results in $4.2M quote for family vacation appeared first on Digital Trends.


Source: Digital trends

Nigerian fintech startup OneFi acquires payment company Amplify

Lagos based online lending startup OneFi is buying Nigerian payment solutions company Amplify for an undisclosed amount.

OneFi will take over Amplify’s IP, team, and client network of over 1000 merchants to which Amplify provides payment processing services, OneFi CEO Chijioke Dozie told TechCrunch.

The move comes as fintech has become one of Africa’s most active investment sectors and startup acquisitions—which have been rare—are picking up across the continent.

The purchase of Amplify caps off a busy period for OneFi. Over the last seven months the Nigerian venture secured a $5 million lending facility from Lendable, announced a payment partnership with Visa, and became one of first (known) African startups to receive a global credit rating. OneFi is also dropping the name of its signature product, Paylater, and will simply go by OneFi (for now).

Collectively, these moves represent a pivot for OneFi away from operating primarily as a digital lender, toward becoming an online consumer finance platform.

“We’re not a bank but we’re offering more banking services…Customers are now coming to us not just for loans but for cheaper funds transfer, more convenient bill payment, and to know their credit scores,” said Dozie.

OneFi will add payment options for clients on social media apps including WhatsApp this quarter—something in which Amplify already holds a specialization and client base. Through its Visa partnership, OneFi will also offer clients virtual Visa wallets on mobile phones and start providing QR code payment options at supermarkets, on public transit, and across other POS points in Nigeria.

Founded in 2016 by Segun Adeyemi and Maxwell Obi, Amplify secured its first seed investment the same year from Pan-African incubator MEST Africa. The startup went on to scale as a payments gateway company for merchants and has partnered with banks, who offer its white label mTransfers social payment product.

Amplify has differentiated itself from Nigerian competitors Paystack and Flutterwave, by committing to payments on social media platforms, according to OneFi CEO Dozie. “We liked that and thought payments on social was something we wanted to offer to our customers,” he said.

With the acquisition, Amplify co-founder Maxwell Obi and the Amplify team will stay on under OneFi. Co-founder Segun Adeyemi won’t, however, and told TechCrunch he’s taking a break and will “likely start another company.”

OneFi’s purchase of Amplify adds to the tally of exits and acquisitions in African tech, which are less common than in other regional startup scenes. TechCrunch has covered several of recent, including Nigerian data-analytics company Terragon’s buy of Asian mobile ad firm Bizsense and Kenyan connectivity startup BRCK’s recent purchase of ISP Everylayer and its Nairobi subsidiary Surf.

These acquisition events, including OneFi’s purchase, bump up performance metrics around African tech startups. Though amounts aren’t undisclosed, the Amplify buy creates exits for MEST, Amplify’s founders, and its other investors. “I believe all the stakeholders, including MEST, are comfortable with the deal. Exits aren’t that commonplace in Africa, so this one feels like a standout moment for all involved,”

With the Amplify acquisition and pivot to broad-based online banking services in Nigeria, OneFi sets itself up to maneuver competitively across Africa’s massive fintech space—which has become infinitely more complex (and crowded) since the rise of Kenya’s M-Pesa mobile money product.

By a number of estimates, the continent’s 1.2 billion people include the largest share of the world’s unbanked and underbanked population. An improving smartphone and mobile-connectivity profile for Africa (see GSMA) turns that problem into an opportunity for mobile based financial solutions. Hundreds of startups are descending on this space, looking to offer scaleable solutions for the continent’s financial needs. By stats offered by Briter Bridges and a 2018 WeeTracker survey, fintech now receives the bulk of VC capital to African startups,

OneFi is looking to expand in Africa’s fintech markets and is considering Senegal, Côte d’Ivoire, DRC, Ghana and Egypt and Europe for Diaspora markets, Dozie said.

The startup is currently fundraising and looks to close a round by the second half of 2019. OnfeFi’s transparency with performance and financials through its credit rating is supporting that, according to Dozie.

There’s been sparse official or audited financial information to review from African startups—with the exception of e-commerce unicorn Jumia, whose numbers were previewed when lead investor Rocket Internet went public and in Jumia’s recent S-1, IPO filing (covered here).

OneFi gained a BB Stable rating from Global Credit Rating Co. and showed positive operating income before taxes of $5.1 million in 2017, according to GCR’s report. Though the startup is still a private company, OneFi looks to issue a 2018 financial report in the second half of 2019, according to Dozie.


Source: TechCrunch

Windows Virtual Desktop is now in public preview

Last year, Microsoft announced the launch of its Windows Virtual Desktop service. At the time, this was a private preview, but starting today, any enterprise user who wants to try out what using a virtual Windows 10 desktop that’s hosted in the Azure cloud looks like will be able to give it a try.

It’s worth noting that this is very much a product for businesses. You’re not going to use this to play Apex Legends on a virtual machine somewhere in the cloud. The idea here is that a service like this, which also includes access to Office 365 ProPlus, makes managing machines and the software that runs on them easier for enterprises. It also allows employers in regulated industries to provide their mobile workers with a virtual desktop that ensures that all of their precious data remains secure.

One stand-out feature here is that businesses can run multiple Windows 10 sessions on a single virtual machine.

It’s also worth noting that many of the features of this service are powered by technology from FSLogix, which Microsoft acquired last year. Specifically, these technologies allow Microsoft to give the non-persistent users relatively fast access to applications like their Outlook and OneDrive applications, for example.

For most Microsoft 365 enterprise customers, access to this service is simply part of the subscription cost they already pay — though they will need an Azure subscription and pay for the virtual machines that run in the cloud.

Right now, the service is only available in the US East 2 and US Central Azure regions. Over time, and once the preview is over, Microsoft will expand it to all of its cloud regions.


Source: TechCrunch

The Great Barrier Reef could be saved by these lab-grown coral babies – CNET

The children really are the future.
Source: CNET

Imaginary cow captures more Twitter followers than congressman after lawsuit – CNET

A Devin Nunes parody account now has more followers than the real-life lawmaker.
Source: CNET

Supreme Court rules narrowly on Google settlement that gave to charities – CNET

The high court said the Google users who sued might not have had grounds to do so.
Source: CNET

Black Mirror season 5: Anthony Mackie casting, San Junipero sequel, trailer – CNET

Don’t be in the dark about the next season.
Source: CNET

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