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Archivo del Autor: Belen De Leon

WeChat Pay and Alipay partner QFPay raises $20 million to develop new digital payment solutions

Digital payments startup QFPay announced today that it has raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners. MDI Ventures, the investment arm of state-owned Indonesian telecom Telkom Indonesia, Rakuten Capital and VentureSouq also participated as new strategic investors.

According to Crunchbase, this brings QFPay’s total raised so far to $36.5 million. The funding will be used to develop new digital payment products.

QFPay is the largest global partner of WeChat Pay and Alipay, enabling them to process payments to merchants around the world. Founded in 2012, QFPay first launched in China and is known for its QR code-based technology. Its products include end-to-end online and offline mobile payment solutions and add-on services like food ordering and customer loyalty programs. The company claims that it has served over 1.2 million merchants and processed over 1 billion transactions.

QFPay is currently present in 13 markets: Cambodia, China, Hong Kong, Indonesia, Japan, Korea, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and United Arab Emirates.

In a statement, co-founder and CEO Tim Lee said “We have built our track record, know-how and expertise in this industry since we launched in China, which is dubbed as the birthplace of digital payment. We are excited to leverage what we have learned in the past seven years to help lead the cashless movement in the rest of Asia as demand for digital payment, particularly QR-code payment method, heats up.”


Source: TechCrunch

China’s largest Q&A platform, Zhihu, raises $434 million from investors including Kuaishou, Baidu and Tencent

Zhihu, the largest question and answer platform in China, has raised a $434 million Series F. This is not only the company’s biggest round since it launched in 2011, but also one of the largest secured over the past two years by a Chinese Internet culture and entertainment company, said China Renaissance, which served as the funding’s financial advisor.

The Series F was led by Beijing Kuaishou, the video and live-streaming app, with participation from Baidu . Existing investors Tencent and CapitalToday also returned for the round, which Zhihu will use for technology and product development. Baidu told Bloomberg that it will add 100 million Zhihu posts to its main app.

While Zhihu has downplayed reports that it is planning an IPO, it embarked on plans to hire a CFO and restructure last year.

Zhihu users tend to be educated with relatively high incomes and the platform has developed a reputation for hosting experts and organizations that are knowledgeable in tech, marketing and professional services like education. Like Quora and other Q&A platforms, Zhihu lets users post and answer text-based questions. But it also has other features, including discussion forums, a publishing platform and live videos for brands and companies to answer questions in real-time. Instead of making its streaming video feature, called Zhihu Live, open to all users, it is available to only to experts and organizations, differentiating it from other streaming apps like Douyin, the domestic version of TikTok (ByteDance is an investor in Zhihu but did not participate in this round).

In a post about the round on his Zhihu page, founder and CEO Victor Zhou wrote the company plans to keep up with rapid changes in China’s media and Internet landscape. “Over the past 8 years, users have gone from expecting simple entertainment to using the Internet to deal with real-life and work problems. The focus of competition has also shifted from traffic to traffic + quality.�

 


Source: TechCrunch

Fan favorite All-Clad cookware is slashed up to 80% right now – CNET

A top cookware brand on major discount is just a few clicks away.
Source: CNET

Microsoft wants Project Scarlett to focus on 'frame rate and playability' – CNET

Project Scarlett is about how games play.
Source: CNET

Apple Card vs. Amazon Prime Rewards Visa: Which credit card is best for you in 2019? – CNET

The new Apple credit card is designed for the 21st century, but is it a match for Amazon’s popular rewards card?
Source: CNET

Best laptops, desktops and tablets for designers and creatives in 2019 – CNET

Here’s a place to start when you’re overwhelmed by choices.
Source: CNET

Nintendo Switch Joy-Con in spunky green available for preorder – CNET

The fun new color is exclusive to Best Buy but won’t be released until Oct. 27.
Source: CNET

A Cure for Ebola, A Home-Speaker Cyberattack, and More News

Catch up on the most important news from today in two minutes or less.
Source: Wired

Este nuevo diseño de neurona artificial es el más similar al cerebro humano

Su estructura basada en nanocables superconductores replica varias de las características clave de este órgano. Si los resultados de sus simulaciones funcionan en el mundo real, podrían convertirse en la base de una nueva generación de hardware informático
Source: MIT

Los 'youtubers' se rebelan contra las injusticias de la plataforma

La Unión YouTuberos se ha aliado con el sindicato más grande de Europa para presionar a Youtube para que les dé un trato más justo y aumente su transparencia. Argumentan que algunas políticas de la plataforma de vídeos violan las leyes de privacidad de datos
Source: MIT

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