Shop owners in every township of Myanmar’s three largest cities have set up Red Dot terminals – machines that act as payment gateways allowing customers to top up mobile phones without scratch cards. Based in downtown Yangon, Red Dot offers technology and services that can streamline top-up sales and management for vendors, which is currently a clunky and involved process, according to Mr Whelan.
TSMC is confident that the company will beat Samsung Electronics in ramping up production on its 10nm lines, according to the Taiwan-based foundry. TSMC continued that in the 10nm FinFET race, Intel will be its major competitor. Samsung disclosed during a recent technology forum in the US that the company plans to enter mass production of chips using its 10nm FinFET process by the end of 2016, about the same time as TSMC.
Despite India’s brainy army of computer engineers, Snapdeal.com-one of the country’s largest e-commerce companies and a US$2 billion (S$2.7 billion) startup-says it’s not finding the coders it needs most. The company, which is backed by US-based eBay Inc. and Japan’s SoftBank Corp. is scouring the globe for programmers with a decade or more experience dealing with big data, cloud computing and the software used to interact with customers and suppliers. It’s already bagged one cloud specialist from a startup in Silicon Valley and expects to hire 12 more soon.
The monthly TiE Bangalore Product Showcase held this week featured six startups in e-commerce and m-commerce. The monthly events are a great opportunity for entrepreneurs to demonstrate and validate products to fellow startups and prospective investors – and face tough queries from an expert jury. See also my earlier coverage of the TiE Bangalore Mobile Product Showcase, IoT SIG, Eduthon,Business Hackathon, Retail Huddle, SMAC Day and South Asia Youth Entrepreneur Summit.
MUMBAI: Amazon India has set up a call centre with a difference. While most e-commerce companies have call centres to connect with customers, the Indian arm of the United States-based e-tailer has come up with one to deal exclusively with merchants, as increasing the number of sellers in a marketplace becomes the next battlefront in online retail business. For Amazon, too, this is the first call centre of its kind anywhere in the world. The company has had to adopt the marketplace model to find its way around India’s regulations governing foreign direct investment in multi-brand retail.
BENGALURU: Wipro’s former chief business operations officer Satishchandra Doreswamy, who resigned from the company last month following a massive organizational reshuffle at India’s third largest software exporter that led to the appointment of a chief operating officer, has rejoined his former company Tata Consultancy Services, two people directly familiar with the development said. Doreswamy’s new role and portfolio at TCS is still in the process of being finalized and is expected to be known over the next few weeks, the people mentioned above said.
Taiwan Semiconductor Manufacturing Company (TSMC) is scheduled to establish a 10nm pilot line at its 12-inch wafer plant in Hsinchu (Fab 12), northern Taiwan, in June, according to a recent Economic Daily News (EDN) report. TSMC with its 10nm FinFET node is eyeing orders for Apple’s A10 SoC chips, but Samsung Electronics will also be involved in the race for orders, the report said.
Samsung Electronics has stepped up purchases of IC parts from its Taiwan-based suppliers, including Himax Technologies, Richtek Technology and Silergy, according to industry sources. Silergy has extended its partnership with Samsung, through providing LCD driver ICs, power management ICs (PMICs) for handsets, and most recently, PMICs for SSDs IC suppliers, the sources said. Orders placed by Samsung buoyed Silergy’s revenues and profits over the past three years, the sources indicated.
Ecommerce giant Snapdeal today announced that it has acquired Hyderabad-based mobile technology startup MartMobi for an undisclosed amount. With this acquisition, Snapdeal hopes to strengthen its position in the mobile commerce space. This move would help the company boost its mcommerce capabilities, especially for its merchant partners.
Mobile app data sleuth App Annie turned some of its voodoo toward mobile gaming trends at this year’s Casual Connect conference in Singapore. The company’s treasure trove of data and numbers on mobile apps from all over the world is an invaluable tool for companies to keep track of their market and users. It also makes for some pretty cool charts and top 10 lists.
Taobao, the flagship online shopping service of Chinese e-commerce giant Alibaba, has adopted a new approach to its expansion into China’s rural areas, according to Beijing’s Economic Observer. Because of the low penetration of computers in China’s rural areas, Taobao decided to rely on “partners” to promote online shopping and help rural residents place orders.
MUMBAI: Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers. India’s biggest e-tailers such as Flipkart, Snapdeal and the local arm of Amazon.com Inc are online marketplaces, with commission from sellers accounting for the bulk of their revenue.
Qualcomm may not serve as one of the top-five clients for Taiwan Semiconductor Manufacturing Company (TSMC) in the second half of 2015 as the US-based chipmaker has placed more 14nm orders with Samsung Electronics, while giving more 28nm orders to United Microelectronics Corporation (UMC) and Semiconductor Manufacturing International Corporation (SMIC), according to industry sources. Qualcomm’s decision may aim to reduce its reliance on TSMC and to avoid its previous experience of not being able to gain enough 28nm foundry capacity from TSMC, the sources noted.
TSMC will reportedly manufacture fingerprint sensors for use in the next-generation iPhone series at its 12-inch wafer fabs using 65nm process technology, according to industry sources. In response, TSMC said the company does not talk about any customer engagements. For existing iPhone models, fingerprint sensors are being built using TSMC’s 0.18-micron process at the foundry’s 8-inch facilities, the sources noted.
After less-than-stellar market growth in 2013, the market for power management semiconductors surged in 2014. Even after a seasonal revenue decline of roughly 5% in the fourth quarter of 2014, global power semiconductor market revenues grew nearly 7%, according to IHS. Demand was particularly strong for power semiconductors in the automotive and industrial end markets, said IHS. Increased demand was led by an increase in power semiconductors used in powertrain, infotainment and advanced driver assistance systems (ADAS) applications in automotive applications.
American retailer Wal-Mart has signed a deal with online payments provider Alipay to help consumers pay for goods in China. Wal-Mart will begin the cooperation within 25 of its outlets in Shenzhen. Based on the market response in this southern Chinese city, Wal-Mart plans to gradually expand the coverage of this new service throughout mainland China. Alipay is a related service of Alibaba, the Chinese e-commerce juggernaut. Financial terms of the deal were not released.
Tencent reportedly invested USD60 million in the acquisition of a 20% stake in Pocket Gems, a start-up mobile game company in America. Tencent will gain one position on the board of directors at Pocket Gems, according to reports in foreign media. Founded in 2009, Pocket Gems is headquartered in San Francisco and the company is supported by Sequoia Capital. Its latest product is War Dragons, which was launched in April 2015. This mobile game uses Pocket Gems’ own 3D graphics technology, aiming to attract hardcore players who are willing to spend more time and money on games.
To enter Japan’s online payments market is to embrace battle with a hydra. Outstrip one competitor, another one grows just as a quickly. Well-known players include the likes of PayPal Japan, GMO Payment Gateway, and Rakuten Checkout. Nipping on their heels is a host of fast-growing payment-focused businesses led by Spike from Metapsand Line Pay with nascent services like Pay.jp from Base (Japan’s version of Shopify) waiting in the wings. Nevertheless, Stripe, the online payments wunderkind of Silicon Valley, announced its invitation-only private beta today, with an eye to having a full launch by the end of the year.
Late last week, news broke that American subscription-based streaming video service Netflix is in talks with Jack Ma-backed Wasu Media Holding Company to bring Netflix to China. Netflix, the maker of popular original shows like House of Cards and Orange is the New Black, has aspirations of being a global power, and it can hardly realize those without China’s billion-plus internet users. Netflix spokeswoman Anne Marie Squeo told reporters Netflix plans “to be nearly global by the end of 2016,” which implies a China launch could be coming soon.