Tag Archives: Platform

China auto firms to set up ride-sharing platform
July 14, 2018 6:50 pm|Comments (0)

SHANGHAI (Reuters) – Chinese firms FAW Group, Dongfeng Automobile and Chongqing Changan Automobile have set up a venture to establish a ride-sharing platform, Changan said on Saturday, creating the kind of service pioneered by Uber.

“The three major car companies have joined forces to enter the field of shared travel, which provides an opportunity to transform traditional car enterprises,” a notice posted by Changan on its Wechat social media account said.

The new venture, called T3 Mobile Travel Services, would introduce partners from other industries to build the service and seek to make use of the development of driverless cars to offer safer and more efficient travel services to customers.

The three firms signed a cooperation agreement in December.

China’s ride sharing market is now dominated by Didi Chuxing, which is valued at $ 50 billion and counts Japan’s SoftBank Group as one of its major investors.

Reporting by David Stanway

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Platform Strategies Serve Go-Jek And Line Well In Southeast Asia
June 23, 2018 6:12 am|Comments (0)

, Opinions expressed by Forbes Contributors are their own.

Silicon Dragon

TechSauce panelists

Platformization is a term in technology that I haven’t heard used much, at least not until I came to Bangkok to speak at a TechSauce event focused on the growing opportunity in Southeast Asia.

I moderated a panel with a group of platform innovators from the region — Go-Jek and Line — with brands that cross many vertical sectors from gaming and chat to ride-hailing and shopping.

These two companies have expanded far beyond their core service. And that makes sense to keep their users coming back for more from their brands no matter the service, said my panelists Ajey Gore, CTO of Go-Jek and Ariya Banomyong.

It’s also a defensive move. If they don’t extend to new areas, someone else. That someone else could very well be the Chinese tech giants who see Southeast Asia as the next opportunity. With a market size of 665 million and a culture that is more similar to China than western markets, China’s largest technology companies are entering the region, snapping up shares in the region’s rid-sharing and payment upstarts such as Go-Jek, Grab, Ola and Paytm.

So it can amount to a strategy of building a moat around your business to ward off rivals. It’s survival of the fittest, explained Go-Jek exec Gore.

This platform is well played by Go-Jek and Line, which can simplify the name of their services with Go and Line, just like Alibaba has done with so many of its offerings such as AliPay, AliCloud, AliHealth and so on.

How do startups fare in an environment where so much of the action is centered on these platform players?

Grace Xia, a venture investor with Jungle Ventures and former Tencent executive, says that startups aren’t cut out. They can become innovation pipelines to these platform companies. That could even lead to an acquisition by the biggies, which certainly is not unheard of in this fast-emerging tech innovative region.

Rebecca A. Fannin is founder/editor of news, events and research group Silicon Dragon. She is an author of three books on innovation and venture trends, and is a public speaker.

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Singapore start-up secures $12.3 billion in assets for blockchain platform
June 1, 2018 6:01 pm|Comments (0)

NEW YORK (Reuters) – FUSION, a Singapore-based crypto-finance start-up, has secured $ 12.3 billion in financial assets from three strategic partners that have committed to lock in those funds with the organization’s public blockchain platform, FUSION founder DJ Qian told Reuters.

FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 13, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

The secured funds come from FormulA, Carnex, and KuaiLaiCai, three companies operating in asset management, car financing, and restaurant supply chain management, respectively.

The locked-in funds represent a commitment from the three companies, which have deposited their assets with the FUSION blockchain, for them to manage them or handle transactions from those funds.

Blockchain, the system powering cryptocurrencies like bitcoin, is a shared database that is maintained by a network of computers connected to the internet.

“FUSION is like a value connector,” Qian said in an interview late on Thursday. “Every company has its own ecosystem and the money flows from one player to another. But that ecosystem is actually limited.

“What FUSION is trying to do is create a platform that will help those ecosystems connect with each other once they have digitized their assets,” he added.

By locking the assets onto FUSION, companies are able to gain access to a global finance network, interact across various cryptocurrencies and have a broader choice of financial instruments, Qian said.

FUSION raised more than $ 100 million in a token sale in February but had to return half of that to investors because the start-up had already hit its limit for capital, said Qian. It raised more than $ 50 million in less than 24 hours for its token offering.

Reporting by Gertrude Chavez-Dreyfuss; Editing by Dan Grebler

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Weibo to ban gay, violent content from platform
April 14, 2018 6:00 am|Comments (0)

SHANGHAI (Reuters) – China’s Sina Weibo will remove gay and violent content, including pictures, cartoons and text posts, during a three-month clean-up campaign, the microblogging platform said.

FILE PHOTO – A man holds an iPhone as he visits Sina’s Weibo microblogging site in Shanghai May 29, 2012. REUTERS/Carlos Barria

Friday’s announcement comes amid a clampdown targeting content across social media platforms as China’s leaders look to tighten their grip on a huge and diverse cultural scene popular with the young.

Weibo announced the move on its official administrator’s account, saying the action aimed to comply with China’s new cyber security law that calls for strict data surveillance.

The post drew more than 24,000 comments, was forwarded more than 110,000 times, and prompted users to protest against the decision, using the hashtag “I am gay”.

“I am gay and I’m proud, even if I get taken down there are tens of millions like me!,” said one poster, who used the handle “rou wan xiong xiong xiong xiong” and posted a photo of himself.

Some posts were quickly blocked by the platform, with the message displayed that they contained “illegal content”.

This week, news and online content portal Toutiao, which is luring investors, was forced to pull a joke sharing app after a watchdog denounced its “vulgar and improper content”.

Award-winning gay romance “Call Me By Your Name” was also dropped from a Chinese film festival last month. Homosexuality is not illegal in China, but activists say the conservative attitudes of some parts of society have prompted occasional government clampdowns.

Weibo has so far cleared 56,243 pieces of content, shut 108 user accounts and removed 62 topics considered to have violated its standards, it added.

Reporting by Brenda Goh; Editing by Clarence Fernandez

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Careem acquires Middle East online restaurant listing platform, to trial food delivery
February 18, 2018 6:01 am|Comments (0)

DUBAI (Reuters) – Careem, a Middle East competitor to Uber Technologies [UBER.UL], said on Sunday it had acquired RoundMenu and would start trialing food delivery services through the restaurant listing and reservation online platform this month.

The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum.

“Careem will begin testing a delivery capability for RoundMenu customers on a small scale later this month,” it said in a statement to Reuters.

RoundMenu has a presence in 18 cities across nine Arab countries, including Saudi Arabia, the United Arab Emirates, and Egypt, according to its website.

There is demand for delivery services in the Middle East, particularly in the Gulf Arab states where temperatures can soar above 50 degrees in the summer.

Several food delivery companies, including Talabat, Zomato, UberEats, and Deliveroo, are active in the region.

RoundMenu has raised $ 3.1 million in funding since it launched in 2012, the Careem statement said.

Careem said in June it would accelerate expansion plans after raising $ 500 million from investors, including German carmaker Daimler and Saudi Arabia’s Kingdom Holding.

In July, it took a minority stake in an Egyptian start-up that connects commuters with private buses in Cairo.

Reporting by Alexander CornwellEditing by Shri Navaratnam

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Sarcos Unveils Revolutionary Robotic Mobile IoT Platform for Global Industrial and Public Safety …
April 24, 2017 7:35 am|Comments (0)

The Guardian S integrates the Microsoft Azure cloud computing platform and the Microsoft Azure IoT Suite, and leverages Windows 10 for the tablet …


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Mirantis Cloud Platform Combines OpenStack and Kubernetes Container Management
April 23, 2017 6:20 pm|Comments (0)

While MPC will continue to support OpenStack, the launch of the new platform also signals the end of life for Mirantis OpenStack (MOS) and Fuel.

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Mirantis Cloud Platform Combines OpenStack and Kubernetes Container Management
April 22, 2017 2:35 am|Comments (0)

While MPC will continue to support OpenStack, the launch of the new platform also signals the end of life for Mirantis OpenStack (MOS) and Fuel.


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Marketo: All Customers Now Have Our New Engagement Platform (Project Orion)
March 20, 2017 1:40 pm|Comments (0)

Marketo: All Customers Now Have Our New Engagement Platform (Project Orion)

Marketo today took steps to address confusion surrounding the rollout of its major platform re-architecture project — but stopped short of resolving all of its customers’ questions about what was initially called Project Orion. As of today, the San Mateo, Calif.

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A Distributed Cloud Computing and Application Platform for Astronomy
January 23, 2017 7:40 am|Comments (0)

Achievements from international Virtual Observatories and Cloud Computing are adopted heavily. In the paper, backgrounds of the project, …


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