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Archivo del Autor: Belen De Leon

Apple's iPhones infringe Qualcomm patent and should be banned, ITC judge says – CNET

But an International Trade Commission ruling in a second case sides with Apple and says the company didn’t infringe Qualcomm’s patents.
Source: CNET

2020 Hyundai Venue is a tiny, trendy SUV bound for NY – Roadshow

Hyundai’s new entry-level crossover gets a strange, hipper-than-thou name ahead of its New York Auto Show reveal on April 17.
Source: CNET

Alibaba, Tencent and other major names form $1.45B ride-hailing venture

For the last two years, Didi has been the dominant car-hailing force in China and its success has spawned a handful of competitors initiated by both internet firms and old-school carmakers. Just last week, another notable challenger has stepped up.

T3, which is short for “top 3”, officially launched after a dozen entities, including three major automakers, agreed to lay out a total of 9.76 billion yuan ($1.45 billion) for the joint venture following an initial agreement in July, according to an announcement released last week.

The big pile of cash will go towards “car-sharing services powered by renewable energy,” an offering that nicely aligns with Beijing’s push to electrify the transportation sector. T3’s investor list is also stellar, with the participation of three state-owned Chinese carmakers and the country’s largest internet companies, Alibaba and Tencent.

The marriage of private and state-owned players comes as China works to attract more private money into the clunky state sector to breathe innovation and efficiency into the latter, an effort dubbed the “mixed reform”. T3 will be purely-market driven, with a mission to build what it calls a “smart mobility ecosystem” by combining the data capability of its technology partners with the manufacturing know-how of its automakers, said the announcement.

China’s ecommerce giant Alibaba and social media leader Tencent lock horns on many fronts and it’s rare to see them co-invest. They are both Didi’s investors, although that bond came in a more roundabout way through the merger of Tencent-backed Didi and Alibaba-backed Kuaidi in 2015.

At T3 this time, the pair’s roles remain secondary as home appliance retailer Suning is set to be the largest shareholder by acquiring 17.42 percent equity. Suning’s leadership also explains why T3 debuted in Nanjing, the eastern Chinese city where it’s headquartered. Automakers FAW Group, Dongfeng Motor, and Changan Automobile will each pick up 16.39 percent of the new entity as the second-largest holders. Tencent, Alibaba and the rest of the affiliates will divide the remaining shares between them.

T3 didn’t go to lengths at its launch regarding how its ride-hailing venture will take shape, though it did mention a fleet 5,000 cars will start running on the streets of Nanjing in late May or early June. The assault comes at a critical time for Didi, which has been recovering from two controversial passenger murders by doubling down on security measures.

T3 isn’t the first time old-school carmakers have moved into car-hailing. Indeed, manufacturers are flocking to the red-hot industry as a series of new regulations give companies with car assets an edge to play. Didi, too, has been busy partnering with automakers to secure access to vehicle fleets.

Some of Didi’s foremost challengers from the carmaking sector include Caocao, a chauffeur ride-hailing app backed by Geely, and Shouqi Limousine & Chauffeur, which is started by state-owned Shouqi. BWM also became the first foreign automaker to join the race.

There is also intense rivalry from the internet camp. Alibaba’s financial affiliate Ant Financial has backed one of Didi’s most serious competitors, Hello TransTech (formerly Hellobike). Tencent-backed food delivery and hotel booking giant Meituan also drove into ride-hailing although that segment has yet to make a dent amid ruthless competition.


Source: TechCrunch

Avengers: Endgame fan posters try to save our favorite non-Marvel heroes – CNET

Ever wondered whether Ned Stark would have survived the Thanos snap?
Source: CNET

Hong Kong-based fintech startup Qupital raises $15M Series A to expand in mainland China

Qupital, a fintech startup that bills itself as Hong Kong’s largest trade financing platform for SMEs, has closed a $15 million Series A led by CreditEase FinTech Investment Fund (CEFIF), with participation from returning investors Alibaba Hong Kong Entrepreneurs Fund and MindWorks Ventures, both participants in its seed round. To date, Qupital has raised $17 million, including a seed round two years ago, and will use its latest funding to expand its supply chain financing products, launch in mainland Chinese cities and hire more people for its tech development and risk management teams.

CreditEase, which provides loans and other financial services for SMEs in China, will act as a strategic investor, aiding with Qupital’s geographic expansion. Existing investor Alibaba has already helped Qupital reach small businesses on its platform. Qupital will open branches in Chinese cities including Shanghai, Hangzhou, Guangzhou and Shenzhen, along with setting up a new technology center in the Guangdong-Hong Kong-Macau Greater Bay Area for talent and tech development. In total, it will hire about 100 people for its Hong Kong office this year.

Founded in 2016, Qupital offers lending for SMEs that frequently have cash flow issues because they are in a cycle of waiting for invoices to be paid. Qupital’s loans cover most of the value of an invoice, then matches that with investors and funders who cover the cash with the expectation of a return. The company makes money by charging SMEs a service fee that is a fixed percentage of the total invoice value and then a discount fee, and taking a percentage of net gains made by investors.

Qupital has now processed 8,000 trades, totaling HKD $2 billion in value. It won’t disclose how many SMEs it has worked with, but co-founder and chairman Andy Chan says that number is in the hundreds.

Chan tells TechCrunch that in China, Qupital will not compete directly against traditional financial institutions, because it focuses on financing the Hong Kong business entities of Chinese companies in U.S. and Hong Kong currency, instead of onshore renminbi. It will also target SMEs underserved by traditional lenders, by using alternative data sources to determine their creditworthiness.

In a prepared statement, CEFIF managing director Dennis Cong said “The growing volume of SME and cross-border trading drives a huge demand for alternative financing for SME’s who are underserved in the market and opportunities for investors to earn a decent risk-adjusted return. We look forward to working with Qupital to broaden its source of capital base and create unparalleled investment opportunities for CreditEase.”


Source: TechCrunch

The gender wage gap is shrinking among computer programmers, but it’s still quite large

Glassdoor has released its latest gender pay gap data analysis. In the U.S., the unadjusted pay gap comes in at 21.4 percent, meaning women make just $0.79 for every $1 men earn.

But, when controlling for variables like age, education, location, experience, occupation and industry, the pay gap is 4.9 percent. That’s a slight improvement from three years ago, when Glassdoor did its first analysis. That means, women make about $0.95 cents for every $1 men make.

In the tech industry, there is an adjusted wage gap of 5.4 percent, meaning, men generally make 5.4 percent more than women. On an adjusted basis, men make 11.8 percent more money than women.

In technical roles, while the wage gap is shrinking, it’s still quite large. Across the U.S., 79 percent of all computer programmers are male, according to the U.S. Bureau of Labor Statistics.

The wage gap between men and women is 11.3 percent, which comes out to about $0.88 for every $1 men make. In the tech industry, referred to as information technology, the wage gap is 5.4 percent (about $0.95 for every $1).

The wage gap among computer programmers represents the largest pay gap shrink (among the 15 job occupations with the highest wage gaps) since 2016, where the wage gap was 28.3 percent and women made about $0.72 for every $1 men made.

Other jobs with high pay gaps include pilot (number 1), professor, branch manager, C-suite and chef. Perhaps the tech industry is getting slightly better with equal pay, but it’s rather disconcerting that the computer programmer role is still among the top 15 jobs with the largest pay gaps.

“Knowing the facts about the gender pay gap is critical to helping close the gap,” Glassdoor senior vice president and head of product and UX/design Annie Pearl said in a statement. “Combining knowledge with leveraging valuable resources is the next step to ensuring equal pay for equal work everywhere… We all have a part to play to close the pay gap.”

The industries with the widest wage gap (6.4 percent) are retail and media. That means women make $0.93 for every $1 men earn. With that, I’m signing off.


Source: TechCrunch

Ronda Rousey, Becky Lynch and Charlotte: Why the WWE WrestleMania main event matters – CNET

The triple threat match between Ronda Rousey, Charlotte Flair,and Becky Lynch has all the ingredients for pay-per-view success, but the real story is better than the TV drama.
Source: CNET

Huawei P30 Pro vs. Galaxy S10 Plus: A close race for top Android phone? – CNET

Huawei hopes the four cameras on the back of the P30 Pro will take down the Galaxy S10 Plus.
Source: CNET

Game of Thrones hid real thrones around the world and 5 have been found – CNET

HBO tweets out the victors of its game of social media.
Source: CNET

Apple Card: Sign-up, launch date and privacy deets for Apple's new credit card – CNET

Everything we know about the Apple Card in one place.
Source: CNET

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