YouTube and WhatsApp inch closer to half a billion users in India
WhatsApp has enjoyed unrivaled reach in India for years. By mid-2019, the Facebook-owned app had amassed over 400 million users in the country. Its closest app rival at the time was YouTube, which, according to the company’s own statement and data from mobile insight firm App Annie, had about 260 million users in India then. […]
Facebook says it will remove references to ‘stop the steal’ across its platform
In the wake of last week’s violence at the U.S. Capitol, Facebook today announced it will be taking additional steps to removing content referencing the phrase “stop the steal” on its platform. The phrase is associated with the right-wing campaign that falsely alleges the democratic U.S. elections have been rigged and aims to keep Trump […]
Vision Fund backs Chinese fitness app Keep in $360 million round
As Chinese fitness class provider Keep continues to diversify its offerings to include Peloton-like bikes, health-conscious snacks among other things, it’s bringing in new investors to fund its ambitions. On Monday, Keep said it has recently closed a Series F financing round of $360 million led by SoftBank Vision Fund. Hillhouse Capital and Coatue Management […]
China’s search giant Baidu to set up an EV making venture
China’s search giant Baidu is extending its car ambitions from mere software to production. The company said Monday that it will set up a company to produce electric vehicles with the help of Chinese automaker Geely. Baidu, a dominant player in China’s internet search market for the last decade or so, will provide smart driving […]