Category: Internet

Alibaba Nets Record $30 Billion in Singles’ Day Haul, but Growth Rate Plunges

Chinese e-commerce giant Alibaba Group Holding cashed a record CNY 213.5 billion ($30.7 billion/ Rs. 21,83,50 crores) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder […]

Google AdSense Probe Nearing End, Says EU’s Vestager

EU regulators are close to wrapping up their third case against Alphabet unit Google involving its AdSense advertising service, Europe’s antitrust chief said on Wednesday, suggesting the company may soon be hit with another hefty fine. The comments by European Competition Commissioner Margrethe Vestager come four months after she levied a record EUR 4.34 billion ($5 billion) fine against Google for using […]

Despite Crackdown, ‘Junk News’ Still Flourishes on Social Media: Researchers

Despite an aggressive crackdown by social media firms, so-called “junk news” is spreading at a greater rate than in 2016 on social media ahead of the US midterm elections, according to researchers. Oxford Internet Institute researchers concluded that Facebook and Twitter remain filled with “extremist, sensationalist, conspiratorial, masked commentary,” and other forms of “low-quality” news. In analysing some 2.5 […]

Japan Antitrust Authorities to Investigate Tech Giants Like Google, Amazon

Japan’s anti-trust authorities will probe whether tech giants such as Google and Amazon are using their market-leader positions to exploit contractors or obstruct competition, the country’s fair trade chief said Thursday. In an interview with the Mainichi Shimbun newspaper, the head of Japan’s Fair Trade Commission (JFTC) said the investigation would take place next year. “We will probe whether […]

Flickr Announces New Limits on Free Accounts and Unlimited Storage for Pro; Ditches Yahoo Account Requirement

Flickr is making its first major change after photo management platform SmugMug acquired the image and video-hosting site earlier this year. The company announced that it will be rolling out several updates to its free and Pro accounts after claiming to have taken feedback from its “photographer community” members. Arguably, one of the most interesting […]

Coinbase Valued at $8 Billion in Latest Fundraising Round

Coinbase, one of the top US cryptocurrency exchanges, said on Tuesday it raised another $300 million (roughly Rs. 2,200 crores) in a funding round led by Tiger Global Management, valuing the firm at more than $8 billion (roughly Rs. 60,000 crores). San Francisco-based Coinbase was one of the top beneficiaries of the Bitcoin boom last year after the […]

Flipkart Diwali Sale Starts November 1, Offers and Deals Previewed

After the end of the Festive Dhamaka Days sale, Flipkarthasn’t wasted much time to announce yet another sale week, this time calling it the Flipkart Diwali Sale. This sale will go on from November 1 to November 5, and will offer deals and discounts on various smartphone and related products. Smartphones currently listed include Realme 2 Pro₹ 15,990, Redmi Note […]

Foodpanda Says It Has Expanded to 50 Indian Cities, Eyes 100 Within a Month

Food delivery platform Foodpanda on Thursday announced the expansion of its services to 30 more Indian cities, taking its presence to 50 cities across the country. It aims to be present in 100 cities soon. “Foodpanda’s delivery network is now active in cities of Gujarat, Madhya Pradesh, Maharashtra, Punjab, Rajasthan and Uttar Pradesh like Amritsar, Aurangabad, Allahabad, […]