Tech News update

Chinese regulators have given smartphone maker Xiaomi the green light to set up a consumer finance company in Chongqing, a municipality in the southwest of the country, according to an announcement on Friday. Why it matters: Xiaomi’s…
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A Paypal credit account is very different than a Paypal credit card. It’s a line of credit that will let you buy things with your Paypal account even if your Paypal balance doesn’t have enough to cover the purchase. So, why would you want…
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Vimeo has debuted a new AI-powered platform designed to help creatives produce shareable, short-form videos in minutes. This is part of a broader pivot by the New York-based video-streaming company, which is a subsidiary of IAC. Vimeo is…
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Lizhi, one of China’s biggest audio content apps, is debuting on Nasdaq today under the ticker symbol LIZI. It is the first of its major competitors, Ximalaya and Dragonfly, to go public (though Ximalaya is expected to also list in the…
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Netflix today signaled a significant new investment in France with the opening of its new Paris office and a content roadmap that will see the streaming service nearly double the number of French language originals it has produced so far.…
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Cyral, an early stage startup that helps protect data stored in cloud repositories, announced an $11 million Series A today. The company also revealed a previous undisclosed $4.1 million angel investment, making the total $15.1 million.…
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NEW YORK: Google’s parent company Alphabet saw its value reach US$1 trillion for the first time Thursday, becoming the fourth US tech company to hit the milestone. Shares in the online giant rose 0.76% for the day to reach the…
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Google is on something of a buying spree. On the heels of its acquisition of retail inventory management startup Pointy, the tech giant today announced that it has acquired AppSheet, a no-code enterprise app development platform, for an…
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WASHINGTON: The US government is nearing publication of a rule that would vastly expand its powers to block shipments of foreign-made goods to China’s Huawei, as it seeks to squeeze the blacklisted telecoms company, two sources said. The…
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TikTok and Chinese version Douyin were the second most-downloaded app across Apple’s App Store and Google Play in the fourth quarter and full year of 2019, according to a report from analytics firm Sensor Tower. Why it matters: Despite…
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