• Tue. Feb 7th ,2023


Chinese tech firms foray into Europe e-commerce sector, take on Amazon

In a move geared towards selling Chinese products to customers overseas, Pinduoduo and ByteDance have become the latest companies from China to launch their international e-commerce websites. According to reports, the launch sets the two Chinese tech firms up as competition to American giant Amaz

EU telcos demand US tech giants to fund network infrastructure upgrade

Telcom groups in Europe are demanding that the region’s regulators implement a framework where the firms that send heavy traffic along their networks are charged a fee to fund the massive upgrades telcos are making to their infrastructure. Known as the ‘sender pays’ principle, t

UK: Ofcom chief says tech giants cannot self-regulate their metaverse

Melanie Dawes, Chief Executive of UK media regulator, Ofcom, has reportedly warned that the metaverse that tech giants like Meta and Microsoft are foraying into will be subjected to new rules that will ensure that these platforms protect users from online harm. During an event in London, Dawes st

Spotify sees low Q3 profit margins amid sluggish ad growth, falls 4%

Music streaming giant Spotify Technology SA announced that its profit margins for this year’s third quarter declined due to slow advertising growth, fueling concerns about the impact of a weak global economy on digital advertising. Following the announcement, shares of Spotify fell 4% durin

Euro digital bank N26 set to launch crypto trading service in Austria

German neobank, N26, has reportedly announced that it will be launching a crypto trading service called N26 Crypto in Europe. As per reports, the digital bank has selected Austria to be the first market where the service will be launched. Supposedly, the service will be made available to the bank

Amazon takes cautious first steps into online home insurance in the UK

American e-commerce and technology behemoth, Amazon Inc, has reportedly taken its first cautious steps into the field of insurance in the UK by launching a small online insurance store, with a focus on home policies. As of now, the Amazon Insurance Store has only three insurers on board, with pla

Singapore-based crypto platform Pillow secures $18 million in Series A

Singapore-based crypto investment startup, Pillow, has reportedly raised $18 million in a Series A funding round, led by venture capital firms Accel and Quona Capital. Pillow’s app has a presence in more than 60 countries with over 75,000 users and supports major digital assets such as Bitc

NETSOL partners with AWS to strengthen its cloud services domain

California-based software company, NETSOL Technologies, Inc. has reportedly partnered with cloud computing platform Amazon Web Services (AWS) to extend its services in the cloud computing domain and offer cloud-based transformation solutions at scale. The business model of NETSOL has been built a

Aruba Networks launches Cloud instance for enterprises in UAE

California-based, Aruba Networks, has reportedly announced the launch of its Enterprise Cloud instance in the United Arab Emirates. The novel deployment comes as a response to the rising demand for cloud-based networking from enterprises in the country as they increasingly seek to attain efficiency,