While all the players have seen some degree of business spike, Dingdong Maicai emerged as a dark horse, claiming the first spot on Quest Mobile’s top-10 list of fast-growing shopping apps with over 500,000 daily active users.
The backstory: Dingdong Maicai is a fresh produce and grocery e-commerce platform where users can place orders online and then have their purchases delivered to their doorstep.
The landscape: Fresh produce e-commerce platforms nearly doubled DAU to 10.1 million during this Spring Festival holiday from 5.3 million during the holiday a year ago, according to data from a Quest Mobile report published Feb. 12.
Present condition: Dingdong nearly doubled its daily active users during the Chinese New Year holiday (Jan. 24 to Feb. 2) compared with regular days in early January (Jan. 2 to Jan. 8), according to Quest Mobile data.
Prospects: After the spike triggered by the coronavirus, Dingdong plans to extend to Northern China markets, with its first stop in Beijing.
New Delhi: Growth in global IT spending is expected to reduce by 3-4 per cent by the end of 2020 due to the coronavirus pandemic, but it also presents an opportunity to IT vendors to step-up as consulting partners for their clients, research firm IDC said on Wednesday.
It has also given an opportunity for IT vendors to test some concepts of 'Future of Work' and some of them might become mainstream as the dust settles, IDC noted.
It also provides an opportunity to IT vendors to step-up as consulting partners to hand-hold their clients in helping them sail through the crisis, it added.
On the other hand, it has provided an opportunity to IT vendors to test their resilience on business continuity, remote connectivity, and security as they look at innovative ways to service their clients.
IDC expects the adoption of collaborative applications growing at a rapid pace after the COVID-19 outbreak.
An anonymous reader shares a report: Zoom, the video conferencing service whose use has spiked amid the Covid-19 pandemic, claims to implement end-to-end encryption, widely understood as the most private form of internet communication, protecting conversations from all outside parties.
In fact, Zoom is using its own definition of the term, one that lets Zoom itself access unencrypted video and audio from meetings.
With millions of people around the world working from home in order to slow the spread of the coronavirus, business is booming for Zoom, bringing more attention on the company and its privacy practices, including a policy, later updated, that seemed to give the company permission to mine messages and files shared during meetings for the purpose of ad targeting.
Still, Zoom offers reliability, ease of use, and at least one very important security assurance: As long as you make sure everyone in a Zoom meeting connects using "computer audio" instead of calling in on a phone, the meeting is secured with end-to-end encryption, at least according to Zoom's website, its security white paper, and the user interface within the app.
But despite this misleading marketing, the service actually does not support end-to-end encryption for video and audio content, at least as the term is commonly understood.
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Open Skype on your Mac or PC and log into your account.2.
You need to cancel a subscription at least three days before the renewal date, otherwise you could be automatically charged again.Here's how to cancel a Skype subscription, using the desktop app for Mac and PC.
The easiest of these are Skype credits, which let you pay for minutes as you go; and a Skype subscription, which grants you unlimited minutes for a monthly fee.Once you purchase a Skype subscription, you can cancel it via Skype's "Manage Features" tab.
You can cancel your Skype account's subscription through the Skype website, by opening your account settings.A Skype subscription lets you make an unlimited number of calls to non-Skype phone numbers by paying a monthly fee instead of for individual credits.Once you cancel your Skype subscription, you'll have to either buy credits or sign up for another subscription before you can make more calls to non-Skype numbers.Visit Business Insider's homepage for more stories.
From here, you can cancel subscriptions that you've previously purchased by selecting "Cancel subscription," which is located underneath your billing information on the right side of the page.
T-Mobile today said that it will give customers access to “average 5G speeds up to 8 times faster than current LTE in just a few years” and “15 times faster over the next six years,” at which point it will offer 5G to 99% of the U.S. population — with 90% seeing higher than 100Mbps speeds.
On the other hand, T-Mobile is expected to shutter some overlapping Sprint retail locations and has divested some of its network assets and prepaid Boost Mobile customers to Dish Network, which will lead to job changes and some losses — a challenge, given the currently fragile state of the U.S. economy.
Today’s merger will bring together T-Mobile’s and Sprint’s separate but complementary network assets, combining wide but low-speed T-Mobile low band with mid-range, mid-speed Sprint mid band spectrum and short distance but high-speed T-Mobile high band spectrum.
As previously reported, the merger’s completion marks the end of John Legere’s tenure as T-Mobile’s CEO and the beginning of Mike Sievert’s control over the third-largest U.S. cellular carrier.
After seemingly endless regulatory hurdles at the federal and state levels, T-Mobile announced today that it has completed its merger with Sprint, a deal it says will result in a “transformative 5G network” for consumers and businesses.
Listen and subscribe to this podcast via Apple Podcasts | Google Podcasts | RSS Felix Oberholzer-Gee and Mihir Desai discuss how and why countries have differed in their responses to Covid-19, with a particular emphasis on their public health and economic responses.
Each week, the hosts give their recommendations for reading, watching, and more.
Email your comments and ideas for future episodes to: email@example.com.
Follow Youngme and Mihir on Twitter at: @YoungmeMoon and @DesaiMihirA.
HBR Presents is a network of podcasts curated by HBR editors, bringing you the best business ideas from the leading minds in management.
A few scrappy guys with a genius idea working out of a garage has become essential to the stories told about these companies, and even the stories the companies tell about themselves.The Garage Beginning has become an essential, almost cliché, part of a tech company's story.
Some of the most legendary companies in Silicon Valley famously started in garages.
Google, Apple, HP, Microsoft, and Amazon all say that they started in garages.Now, they are some of the most valuable companies in the world and are worth billions.The idea of starting in a garage has taken on a mythic status, to the point where some founders intentionally want to be able to say that they did it, too.Visit Business Insider's homepage for more stories.
Fast Company called the startup garage "more than just a part of Silicon Valley's folklore; it has transformed into an image, an exportable idea ... the architectural symbol that would attract the right venture capital," Many of these structures don't exist as they did when companies were formed in them, but their renovated models are still historic sites in the eyes of fans, and even of some municipalities.Here are the garages where some of the biggest tech companies started.
The day before the wedding, they did a dry run with their guests, with the officiant also on Zoom.
As the hashtag suggests, Zoom — the enterprise video streaming platform that was used in pre-coronavirus days mostly for business meetings — has become the venue of choice for couples hosting digital weddings.
Photo by Lisa Kabouridis and Graeme Blackett Kabouridis and Blackett are one of the many couples who’ve had their weddings upended by COVID-19.
And while some couples say they feel like they’re the only ones in the room once they say their vows, for Kabouridis and Blackett, this was true: everybody else was on Zoom.
This was also true for Gina Frangello and Rob Roberge who live in Chicago and had been planning a literary festival in March followed by a wedding in California.
Upon the closing of the transaction, about 1,500 MagnaChip employees are expected to be transferred to the SPC. "After conducting a thorough strategic evaluation process of the Foundry business and Fab 4, the board of directors and management team concluded that this transaction was the best option to maximize value for our shareholders," said Nader Tavakoli, chairman of MagnaChip.
We look forward to building upon our leadership position in the OLED display driver business and are excited about the emerging micro LED space.
Importantly, it will allow us to meaningfully improve our balance sheet, and fully focus as a pure-play standard products company on the attractive high-growth opportunities in our Display Solutions and Power Solutions business lines.
MagnaChip to sell foundry business and 8-inch fab Rodney Chan, DIGITIMES, Taipei Wednesday 1 April 2020 MagnaChip Semiconductor has announced that certain of its wholly-owned subsidiaries have entered into a definitive agreement to sell the company's Foundry Services Group and the factory in Cheongju (Fab 4), the larger of its two 8-inch manufacturing facilities, to a special purpose company (SPC) in South Korea established by Alchemist Capital Partners Korea and Credian Partners.
MagnaChip said it is the largest independent supplier of OLED display driver integrated circuits (DDICs) to the world's top-two panel manufacturers for smartphones.
The day after emergency construction crews broke ground on the first hospital, Lenovo created an epidemic prevention and control team that decided to donate all the IT equipment needed by Huoshenshan.
“We just want to do something, to help by providing whatever IT equipment the hospital needed,” said Lu Yuan, General Manager of Lenovo’s Commercial Customer Business of Hunan and Hubei provinces (Wuhan is located in Hubei province).
A group of Lenovo engineers and hospital support completed the installation and commissioning of more than 1,400 pieces of equipment at both hospitals in only a few days to ensure that the hospitals would be able to provide services to patients on time.
Feb. 4, 2020: Lenovo completed donation, installation and debugging of all IT equipment to Huoshenshan Hospital.
Lenovo equipment was connected to the Hospital’s imaging system and health system, including: Feb. 6, 2020: Installation and debugging completed for all IT equipment donated to Wuhan Huoshenshan Hospital (including 700 PCs 160 tablets, 375 printers, supporting software and desktop systems, etc.).
Facebook launched a new tool called "Community Help" on Tuesday.Community Help is designed to let people request or offer help to people nearby during the coronavirus pandemic.You can request or offer help with groceries, supplies, or general volunteer work.Visit Business Insider's homepage for more stories.
Facebook has built a tool for hooking up those requesting and those offering help during the coronavirus pandemic.As the coronavirus has spread across the globe Facebook has had to race to react to misinformation, price-gouging on essentials like hand sanitizer, and even phoney coronavirus cures.The company launched "Community Help" on Tuesday, describing it as: "a place for people to request or offer help to neighbors, such as volunteering to deliver groceries or donating to a local food pantry or fundraiser.
"Facebook said it is rolling the tool out in the US, the UK, France, Australia, and Canada over the next few days, and is looking to expand to more territories after that.Here's what it looks like:
The consequences of having to pay rent--typically one of retailers' biggest expenses--for spaces that are not open for business is too big a blow to sustain for the many retailers already in dire straits.
Asking to break the terms of your rental agreement is no small favor but landlords would rather have a struggling tenant with a good record than a vacancy.
The emergency loans provision of the CARES Act, also known as the Paycheck Protection Program, lets small businesses borrow as much as $10 million with an interest rate no higher than 4 percent.
These loans, backed by the Small Business Administration (SBA), can be forgiven if your company meets certain conditions.
The CARES Act also expands the existing Economic Injury Disaster Loans (EIDLs) program.
Another, more frequent example, is that every morning, in line with agile methodology, our engineering and product teams do 10 minute scrum virtual stand-up meetings to sync on progress, identify problems and answer questions.
For example, every two weeks, on Friday at midday, we host an all-hands meeting for our entire company to share business updates, get feedback, go over our progress, analyze our performance, celebrate milestones, and give everyone a chance to be heard and ask questions.
Host video meetings Beyond messaging each other on Slack, I find it is valuable to host a handful of regular virtual face-to-face team meetings with voice and video.
We built Goodwall with a distributed team, with 50+ team members working across 4 time zones from New York to Geneva to Novi Sad, Tel Aviv, and Manilla.
[Read: People are skipping Zoom meetings by looping videos of themselves paying attention] To run these virtual meetings, we use Google Hangouts for our daily and one-on-one meetings and Zoom for our all-hands meeting to have 50+ team members live at the same time.
PETALING JAYA, March 31 — The movement control order (MCO) has forced many Malaysians to stay home to curb the spread of Covid-19, essentially putting the brakes on businesses such as e-hailing platforms.
Among those affected is Grab driver turned GrabFood rider Yee Kim Chang who found himself adopting a sudden change in profession after the MCO kicked in on March 18.
In a press release published last week, Grab Malaysia country head Sean Goh said that “tens of thousands” of Grab drivers have been deployed to their GrabFood, GrabMart, and GrabExpress operations due to the decline in e-hailing customers and an accompanying spike in delivery orders.
For someone like Yee, it took some time to adjust to being a GrabFood rider after spending the past five years behind the wheel as an e-hailing driver.
I think it was a great idea that Grab started getting drivers to do GrabFood deliveries too as it really helped to increase our income at a time where most Malaysians were staying at home.”
Huawei, the world’s largest maker of telecom equipment by revenue, released earnings for 2019, saying that it missed a target set internally by $12 billion due to a US trade ban.
The company also warned of retaliation by the Chinese government.
Why it matters: After a year of “unprecedented challenges” brought by a US ban on sales of its gear to American companies, the marquee Chinese technology company reported significantly slower profit growth and revenues which missed its own goals by a wide margin.
Details: Huawei reported revenues of RMB 858.8 billion ($123 billion) for 2019, an increase of 19.1% year on year and maintaining consistent top line growth compared with a year ago when revenue rose 19.5% on an annual basis.
Context: The US banned its companies from doing business with Huawei in May but has since issued temporary licenses to allow Huawei to continue.
ps” at HTML search service publicwww.com shows this code is present on nearly a dozen other sites, including a music instrument retailer, an herbal pharmacy shop in Europe, and a business in Spain that sells programmable logic controllers — expensive computers and circuit boards designed to control large industrial operations.
Here’s what a portion of the login page looked like until earlier today when you right-clicked on the page and selected “view-source”: Viewing the HTML source for the malicious link highlighted in the screenshot above reveals the obfuscated card-skimming code, a snippet of which is pictured below: A simple search on the malicious domain “http[.]
While such Web site card skimming attacks are not new, this intrusion leveraged a sneaky new domain that hides quite easily in a hacked site’s source code: “http[.]
Earlier today, KrebsOnSecurity alerted the 10th largest food distributor in the United States that one of its Web sites had been hacked and retrofitted with code that steals credit card and login data.
Segura says there are two ways e-commerce sites are being compromised here: Malwarebytes assesses that the tricks this domain uses to obfuscate the malicious code are tied to various site-hacking malware campaigns dating back to 2016.
While it is possible that the companies will choose to engage once the coronavirus crisis subsides, Xerox’s decision means that it will not get another chance to put such pressure on HP until its next annual shareholder meeting in spring 2021.
Xerox was set to challenge HP’s board at the latter’s annual meeting of shareholders in May, but will now abandon this effort as well as its tender offer for HP’s shares, the company said in a statement.
It represents a victory for HP CEO Enrique Lores, who faced a takeover battle as soon as he took over the reins of the Palo Alto, California-based company in November, and a defeat for Xerox CEO John Visentin, a former Hewlett-Packard and IBM Corp executive with ties to the private equity industry who took over as Xerox CEO in 2018.
(Reuters) - U.S. printer maker Xerox Holdings Corp walked away from its $35 billion hostile cash-and-stock bid for HP Inc on Tuesday, after the coronavirus outbreak weighed on its campaign to take over the PC and printing equipment manufacturer.
Both Xerox and HP have seen their business suffer in the wake of the coronavirus crisis, though HP’s stock has proved more resilient, as employees working for home to protect themselves from the virus boosted revenue for its PCs and other office equipment.
Over the next 60 days, if we are still in a bear market, then institutional investors (e.g. LPs invested in Venture Capital companies) will look at their public/private portfolio allocations and be forced to address the over-allocation to private markets, as the public market portion of their portfolio would have shrunk while the private market portfolio will be held at book value.
While we can see markets price the securities of public companies every day, we can’t see the current valuation of private companies.
Let me share a few observations from that column that have become incredibly relevant for us today, as we consider the consequences of the current economic situation on the private FinTech market… Picture2 Dushyant Shahrawat Points #1 and #3 are especially important.
All I knew was that the private market had followed the public equity market down a path of a 10-year bull run, and there were telltale signs of an overheated situation: record fund-raising, VCs falling over each bidding up valuations, and a gradual lowering of investment standards.
And those are exactly the questions the private market is facing today: Dushyant Shahrawat · How robust is an entrepreneur’s business model to withstand weaker business conditions?
One business model that has been tested and trusted to meet the needs of these companies, despite being new, is Network as a Service, or NaaS.
Network as a Service, or NaaS, is an enterprise solution that provides businesses a subscription-based virtual network service without their personal networking infrastructures.
Despite the potential growth of the NaaS market and the increased rate in its integration into several organizational business models, it is advised that companies apply caution when using this service.
Companies That Are Migrating Their Network To The Cloud Using NaaS With the increasing demand by companies to run IT infrastructures efficiently, while adding value to their clients and businesses, many have considered NaaS to be an ideal solution.
TELUS NEC Corporation and Netcracker Technology have deployed Network as a Service Business and Operational Support Solution in TELUS network infrastructure.
Despite the high levels of confidence that their security infrastructures are up to the task at hand, 22% of organizations have found themselves out shopping for new security solutions/services to address the new work dynamic.
While only 54% of survey respondents indicated that their pandemic/ resiliency plans had them prepared for the current situation, 67% indicated that their security infrastructure was fully prepared for the range of risks associated with the new operating environment.
While 81% of respondents expressed confidence that their existing security infrastructure could handle their employees working from home, 61% were more concerned about security risks targeting WFH employees today than they were three months ago.
Some of what we learned was expected (e.g., vastly increased numbers of employees working from home); some was disturbing (26% are seeing increased attacks in the wake of the pandemic); and some was profound (our perception and understanding of risk will be changed for years to come).
Across all vertical industries and company sizes, 73% of survey respondents say they believe that the impact of this pandemic will alter the way their business evaluates risk for at least the .
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