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With latest hit Lemon8, ByteDance again learns from the China playbook
Amid a wave of heated debate over whether TikTok should be banned, another ByteDance product, Lemon8, has popped up and quickly climbed into the top 10 on America’s app stores. Lemon8’s sudden rise is reminiscent of TikTok’s early-day growth. At the time Vine had already pioneered short video sharing in the U.S., but TikTok took […]
With latest hit Lemon8, ByteDance again learns from the China playbook by Rita Liao originally published on TechCrunch
India’s central bank abandons UPI rival project
India’s central bank has halted its plans for a high-profile project intended to rival the nation’s dominant payment system, Unified Payments Interface. The project had attracted significant interest from a variety of major conglomerates, tech giants, and financial institutions, including Amazon, Reliance, Facebook, Tata Group, Google, HDFC, and ICICI. The Reserve Bank of India had […]
India’s central bank abandons UPI rival project by Manish Singh originally published on TechCrunch
Samsung cuts memory chip production as it hits worst quarterly profit since 2009
Samsung Electronics plans to cut back memory chip production as its operating profit in the first quarter of 2023 is expected to plummet about 96% from the previous year. This will be the lowest profit posted by the South Korean tech giant since 1Q 2009. The global macroeconomic slowdown, memory chip oversupply and sluggish demand […]
Samsung cuts memory chip production as it hits worst quarterly profit since 2009 by Kate Park originally published on TechCrunch