Chinese wanderlust drives rapid growth for payment platform Alipay
China's Alipay payment platform has inked deals with 10 overseas airports as it looks to expand on the back of Chinese consumers' growing appetite for travel, and has already signed up more than 80,000 merchants worldwide, a senior executive said on Monday. Alipay, whose platform offers services ranging from bill payment to money transfers, is making rapid inroads in more developed markets such as the United States and South Korea, and can now be used in upscale department stores such as Harrods in London, Douglas Feagin, senior vice president of global business at Ant Financial Services Group, told Reuters in an interview. Ant Financial, an affiliate of e-commerce giant Alibaba, is focusing on markets favored by Chinese travelers, who numbered 120 million last year and spent $104.5 billion, according to the China Outbound Tourism Research Institute.
Didi Chuxing invests 'tens of millions' in Chinese bike-sharing platform
Chinese ride-hailing service Didi Chuxing on Monday said it has invested "tens of millions of dollars" in the country's largest bicycle-sharing platform ofo, as it looks to provide its users with more transportation options. Didi, which bought the Chinese unit of rival Uber Technologies Inc's [UBER.UL] last month, said it would look to include bicycles as an option on its app as part of plans to develop a transport ecosystem. "If it's only two or three miles away, or the traffic is crowded, I can just ride a bike and go," Didi spokesperson Liang Sun said.
HERE, automakers team up to share data on traffic conditions
By Eric Auchard LONDON (Reuters) - German digital map maker HERE will introduce a new set of traffic services this week that allows drivers to see for themselves what live road conditions are like miles ahead using data from competing automakers, an industry first. The Berlin-based company, owned by Germany's three premium automakers, will provide four services in which drivers share detailed video views of traffic jams or accidents, potential road hazards like fog or slippery streets, traffic signs including temporary speed limits and on-street parking. Other automakers are expected to join the project later and contribute data from their vehicles, HERE said.
Samsung Electronics delays South Korea re-start of Note 7 sales by three days
Tech giant Samsung Electronics Co Ltd said on Sunday it was delaying the start of new Galaxy Note 7 smartphone sales in South Korea by three days to Oct. 1, a move it says is needed for speedy completion of the ongoing recall in the country. Samsung announced on Sept. 2 a recall of at least 2.5 million Galaxy Note 7 smartphones in 10 markets, including South Korea, due to a faulty battery causing the phones to catch fire, offering refunds or replacement devices using safe batteries. The firm hopes to complete the recall quickly and restart sales in the fourth quarter to salvage earnings, but the latest hitch in South Korea underscore continuing challenges in those efforts.
UAE to introduce new laws soon to regulate drones
By Stanley Carvalho ABU DHABI (Reuters) - The United Arab Emirates will finalize laws to more heavily regulate the sale of drones and their operations soon, aiming to minimize risks posed by unmanned aerial vehicles, an official at the aviation regulator said on Monday. Dubai International Airport was closed for more than an hour on June 12 due to unauthorized drone activity in the surrounding airspace that resulted in millions of dollars of losses for the economy. "Several incidents have happened and to integrate them (drones) safely into the commercial airspace is a challenge," Mohammed Faisal al-Dossari, director, air navigation & aerodromes department, UAE General Civil Aviation Authority (GCAA), said.
Canvas Ventures raises $300 million fund to back startups
By Heather Somerville SAN FRANCISCO (Reuters) - Silicon Valley venture capital firm Canvas Ventures has raised a $300 million fund to make new investments into startups working on fintech, healthcare, artificial intelligence and other cutting-edge technology. The fund is the second for Canvas Ventures, which spun out of Morgenthaler Ventures, and provides the firm with nearly twice as much cash to invest. Canvas's first fund, raised in 2013, was $175 million.
Please don’t drill a headphone jack into your iPhone 7
I can’t believe I actually have to write this, but here we are. Absolutely don’t try to fix the iPhone 7’s headphone jack problem by drilling a hole where the port used to be. Apple did not leave the internal components in there. You won’t be able to use your 3.5mm headphone jack with a custom made hole. Instead, you’re going to ruin a very expensive handset. Honestly, I refuse to believe anyone would actually believe Apple would do such a thing in the first place. DON’T MISS: iPhone 7 review YouTube channel TechRax made a video that was supposed to make fun of Apple’s controversial decision to remove the headphone jack. There’s absolutely nothing wrong with that, and the video is brilliantly trolling Apple. Just don’t do it yourself. It should be pretty clear that the video is a parody. Some people are hopefully responding with parody comments to it when they say they have destroyed their iPhones after drilling holes as instructed. If any of them are real, then buying a smartphone is probably not the first things these people need to fix. Apple received plenty of criticism for its decision to kill the 3.5mm port, but the company simply doesn’t seem to care. And don’t expect the ancient port to make a comeback next year. Ultimately, everyone will just get with the program, including buyers, accessory makers, and even competitors. Meanwhile, check out TechRax ’s video below, which went viral since being posted online a few days ago. And whatever you do, never take a drill on a smartphone or any smart gadget, to fix it. https://www.youtube.com/watch?v=5tqH-Un9SFU