Tuesday, March 31, 2020

Vivendi closes Universal 10% stake sale to Tencent consortium

Vivendi has closed the sale of a 10% stake in Universal Music Group (UMG) to a Tencent-led consortium in a deal giving UMG an enterprise value of 30 billion euros ($33 billion), the French media conglomerate said on Tuesday.


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Huawei posts 5.6% rise in 2019 profit, smallest increase in three years

China's Huawei Technologies reported its smallest annual profit increase in three years, hurt by weak overseas sales amid an intensifying U.S. campaign to restrict its global expansion due to security concerns.


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China's Pinduoduo raises $1.1 billion in share placement amid volatile markets

Chinese e-commerce firm Pinduoduo Inc said on Tuesday that it had raised $1.1 billion in a private share placement, bolstering its ability to finance growth, despite recent market volatility.


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HelloFresh shares at record high on virus sales boost

Shares in meal-kit delivery firm HelloFresh jumped to a record high on Tuesday after it said it expected strong first-quarter sales and profit due to a surge in demand as coronavirus lockdowns prompt more people to cook at home.


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Microsoft 365 replaces Office 365: What’s new, how much does it cost and more?



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Why is everyone deleting Houseparty app? Should you delete too?



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Houseparty offers $1m reward for proof of sabotage

The company says claims it exposed users data were part of a commercial smear campaign.

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Use the lockdown to introduce your parents to tech; here are some tips



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Line survey finds 7% of users in Tokyo have at least one coronavirus symptom

A survey of Line Corp's chat app users in Tokyo and neighboring prefectures in partnership with Japan's health ministry found 7.1% of respondents in the capital reporting at least one of the symptoms of the coronavirus.


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Alibaba plans to buy at least 10% stake in Chinese courier Yunda: sources

Alibaba Group Holding Ltd plans to buy at least 10% of Yunda Holding Co Ltd , marking the e-commerce giant's fifth investment in a large courier, two people with knowledge of the matter told Reuters.


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Factbox: Coronavirus cases reported at 19 of Amazon's U.S. warehouses

Amazon.com Inc is at the front line of responding to outbreaks of the novel coronavirus in the United States, delivering essential goods while more than half the population faces government stay-at-home orders.


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Imperative for businesses to join hands with govt, civil society, healthcare institutions: Infy CEO

CEO and MD of IT major, Infosys Ltd, Salil Parekh has said it's imperative for businesses to join hands with the governments, civil society and healthcare institutions in the battle to halt the spread of the novel coronavirus.

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Love endless run games? Slash & Girl brings a fresh take on the genre



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Zoom sued for allegedly illegally disclosing personal data



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Honor 30S launched with 5G support amid coronavirus pandemic: What’s so special?



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Samsung Display to end all LCD production by end 2020

South Korean panel maker Samsung Display has decided to end all of its production of liquid crystal display (LCD) panels in South Korea and China by the end of this year, a spokeswoman said on Tuesday.


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Samsung Display to end all LCD production in South Korea and China by end 2020

South Korean panel maker Samsung Display has decided to end all of its production of liquid crystal display (LCD) panels in South Korea and China by end of this year, a spokesperson said on Tuesday.


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Instacart, Amazon workers strike as labor unrest grows during coronavirus crisis

Warehouse, delivery and retail gig workers in the United States went on strike on Monday to call attention to safety and wage concerns for people laboring through the coronavirus crisis.


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Covid-19: No outsourcing for these business processes management companies

BPM companies are caught between mobility curbs and client protocol that disallows work-from-home. Experts are of the view that the Indian BPO industry faces significant challenges in the short and medium term due to the Covid-19 related restrictions. Analysts say companies face challenges in organising thousands of computers and internet connections to employees at short notice, impacting work.

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Internet Archive's National Emergency Library will offer 1.4 million e-books for...

This online library hosts a collection of more than 1.4 million copyrighted e-books that you can access for free, till June 30 at least.

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Tencent-backed online education firm Yuanfudao raises $1 billion in new round

Chinese online education platform Yuanfudao said on Tuesday it has raised $1 billion in a new financing round, led by Tencent Holdings and private equity firm Hillhouse Capital Group.


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Samsung says chip factory worker tests positive for virus, output not affected

Samsung Electronics Co Ltd said on Tuesday that one of its chip factory workers in South Korea had tested positive for coronavirus, but its output has not been affected.


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Rare earth shortage hits electronic component companies

While applications under the scheme have surged past 110 now, at least 10 firms have sounded out worries at a time when the industry is keen...