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Exclusive: Trump gives Microsoft 45 days to clinch TikTok deal

NEW YORK/WASHINGTON President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.

The move represents an about-face for Trump and prompted the U.S. tech giant to declare its interest in the blockbuster social media deal that could further inflame U.S.-China relations. Trump said on Friday he was planning to ban TikTok amid concerns that its Chinese ownership represents a national security risk because of the personal data it handles.

The proposed acquisition of TikTok, which boasts 100 millions U.S. users, would offer Microsoft a rare opportunity to become a major competitor to social media giants such as Facebook Inc and Snap Inc. Microsoft also owns professional social media network LinkedIn.

Trump had dismissed the idea of a sale to Microsoft on Friday. But following a discussion between Trump and Microsoft CEO Satya Nadella, the Redwood, Washington-based company said in a statement on Sunday that it would continue negotiations to acquire TikTok from ByteDance, and that it aimed to reach a deal by Sept. 15.

This is a deadline that was put to ByteDance and Microsoft by the Committee on Foreign Investment in the United States (CFIUS), which scrutinizes deals for potential national security risks, according to the sources.

Trump changed his mind following pressure from some of his advisers and many in his Republican party, one of the sources said. Banning TikTok would alienate many of its young users ahead of the U.S. presidential election in November, and would likely trigger a wave of legal challenges. Several prominent Republican lawmakers put out statements in the last two days urging Trump to back a sale of TikTok to Microsoft.

“A win-win in the making,” Republican Senator Lindsey Graham tweeted in response to Trump’s new stance on Sunday.

The negotiations between ByteDance and Microsoft will be overseen by CFIUS, a U.S. government panel that has the right to block any agreement, according to the sources, who requested anonymity ahead of a White House announcement. Microsoft cautioned in its statement that there is no certainty a deal will be reached.

“Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” Microsoft said in a statement.

ByteDance and the White House did not immediately respond to requests for comment on the Microsoft talks. In a statement issued late on Sunday that did not mention TikTok, ByteDance said it faced “complex and unimaginable difficulties” in going global.

As relations between the United States and China deteriorate over trade, Hong Kong’s autonomy, cyber security and the spread of the novel coronavirus, TikTok has emerged as a flashpoint in the dispute between the world’s two largest economies.

State-backed newspaper China Daily on Monday called ByteDance the victim of a “witch hunt” from the United States, and said Washington had not provided evidence to support its allegation that TikTok posed a threat to U.S. national security.

Under the proposed deal, Microsoft said it would take over TikTok’s operations in the United States, Canada, Australia and New Zealand. It said it would ensure that all private data of TikTok’s American users is transferred to and remains in the United States.

Microsoft may invite other American investors to acquire minority stakes in TikTok, the company added. About 70% of the outside capital ByteDance has raised has come from the United States.

It is not clear how much Microsoft could pay for TikTok. Reuters reported last week that ByteDance’s valuation expectations for the app exceeded $50 billion, although U.S. pressure to divest it could lower that price tag.

A key issue in the negotiations will be separating TikTok’s technology from ByteDance’s infrastructure and access, to alleviate U.S. concerns about the integrity of personal data. ByteDance owns a Chinese short video app called Douyin that was based on the same code used for TikTok.

One idea under consideration is to give Microsoft and ByteDance a transition period to develop technology for TikTok that will be completely separate from ByteDance, one of the sources said.

Microsoft said it did not intend to provide further updates until there was a definitive outcome in the negotiations.

APP SCRUTINY

The United States has been increasingly scrutinizing app developers over the personal data they handle, especially if some of it involves U.S. military or intelligence personnel. Ordering the divestment of TikTok would not be the first time the White House has taken action over such concerns.

Earlier this year, Chinese gaming company Beijing Kunlun Tech Co Ltd sold Grindr LLC, a popular gay dating app it bought in 2016, for $620 million after being ordered by CFIUS to divest.

In 2018, CFIUS forced China’s Ant Financial to scrap plans to buy MoneyGram International Inc over concerns about the safety of data that could identify U.S. citizens.

ByteDance was valued at as much as $140 billion earlier this year when one of its shareholders, Cheetah Mobile, sold a small stake in a private deal, Reuters has reported. The start-up’s investors include Japan’s SoftBank Group Corp.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


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Exclusive: TikTok's Chinese owner offers to forego stake to clinch U.S. deal – sources

NEW YORK/WASHINGTON China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance’s concession will test whether Trump’s threat to ban TikTok is a negotiating tactic or whether he is intent on cracking down on a social media app that has up to 80 million daily active users in the United States.

Trump told reporters onboard Air Force One late on Friday that he would issue an order for TikTok to be banned in the United States as early as Saturday. “Not the deal that you have been hearing about, that they are going to buy and sell… We are not an M&A (mergers and acquisitions) country,” Trump said.

ByteDance was previously seeking to keep a minority stake in the U.S. business of TikTok, which the White House had rejected. Under the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over TikTok in the United States, the sources said.

Some ByteDance investors that are based in the United States may be given the opportunity to take minority stakes in the business, the sources added. About 70% of ByteDance’s outside investors come from the United States.

The White House declined to comment on whether Trump would accept ByteDance’s concession. ByteDance in Beijing did not respond to a request for comment

Under ByteDance’s new proposal, Microsoft will be in charge of protecting all U.S. user data, the sources said. The plan allows for another U.S. company other than Microsoft to take over TikTok in the United States, the sources added.

Microsoft did not respond to a request for comment.

As relations between the United States and China deteriorate over trade, Hong Kong’s autonomy, cyber security and the spread of the novel coronavirus, TikTok has emerged as a flashpoint in the dispute between the world’s two largest economies.

ByteDance has been considering a range of options for TikTok amid U.S. pressure to relinquish control of the app, which allows users to create short videos with special effects and has become wildly popular with U.S. teenagers.

ByteDance had received a proposal from some of its investors, including Sequoia and General Atlantic, to transfer majority ownership of TikTok to them, Reuters reported on Wednesday. The proposal valued TikTok at about $50 billion, but some ByteDance executives believe the app is worth more than that.

ByteDance acquired Shanghai-based video app Musical.ly in a $1 billion deal in 2017 and relaunched it as TikTok the following year. ByteDance did not seek approval for the acquisition from the Committee on Foreign Investment in the United States (CFIUS), which reviews deals for potential national security risks. Reuters reported last year that CFIUS had opened an investigation into TikTok.

APP SCRUTINY

The United States has been increasingly scrutinizing app developers over the personal data they handle, especially if some of it involves U.S. military or intelligence personnel. Ordering the divestment of TikTok would not be the first time the White House has taken action over such concerns.

Earlier this year, Chinese gaming company Beijing Kunlun Tech Co Ltd sold Grindr LLC, a popular gay dating app it bought in 2016, for $620 million after being ordered by CFIUS to divest.

In 2018, CFIUS forced China’s Ant Financial to scrap plans to buy MoneyGram International Inc over concerns about the safety of data that could identify U.S. citizens.

ByteDance was valued at as much as $140 billion earlier this year when one of its shareholders, Cheetah Mobile, sold a small stake in a private deal, Reuters has reported. The startup’s investors include Japan’s SoftBank Group Corp.

Also Watch

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The bulk of ByteDance’s revenue comes from advertising on apps under its Chinese operations including Douyin – a Chinese version of TikTok – and news aggregator app Jinri Toutiao, as well as video-streaming app Xigua and Pipixia, an app for jokes and humorous videos.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


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Tech

Exclusive: ByteDance offers to forgo stake in TikTok to clinch U.S. deal – sources

Exclusive: ByteDance offers to forgo stake in TikTok to clinch U.S. deal - sources

China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular shortvideo app, two people familiar with the matter said on Saturday.

  • Reuters
  • Last Updated: August 1, 2020, 7:04 PM IST

NEW YORK China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

ByteDance was previously seeking to keep a minority stake in the U.S. business of TikTok, which the White House had rejected. Under the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over TikTok in the United States, the sources said. Some ByteDance investors that are based in the United States may be given the opportunity to take minority stakes in the business, the sources added.

The White House did not respond to a request for comment on whether Trump would accept ByteDance’s concession. ByteDance in Beijing did not respond to a request for comment

Under ByteDance’s new proposal, Microsoft will be in charge of protecting all U.S. user data, the sources said. The plan allows for another U.S. company other than Microsoft to take over TikTok in the United States, the sources added.

Also Watch

Maharashtra & Bihar Govt Faceoff Over Sushant’s Death Probe | Top Stories At 6 PM | CNN News18

Microsoft did not respond to a request for comment.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor



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Tech

Exclusive: Portugal telcos won't use Huawei for core 5G networks though no gov't ban

LISBON The three companies who dominate Portugal’s mobile phone market said they would not use Huawei [HWT.UL] technology in their core 5G networks despite the government not banning the Chinese group from supplying critical infrastructure.

NOS , Vodafone and Altice – which together serve nearly 100% of Portugal’s mobile customers – all said they had decided not to use Huawei kit in the core systems of their 5G networks, which covers servers, gateways and routers that forward traffic to the antennas.

The question of whether or not to use Huawei for next-generation mobile networks has become a major issue in Europe amid intense diplomatic pressure from the United States to ban the Chinese group.

The Portuguese government has so far not taken a stance, but Infrastructure Minister Pedro Nuno Santos told Reuters it has “no ‘a priori’ issues with any manufacturer.”

Nuno Santos revealed that a group created by the Portuguese government to assess risks and cybersecurity issues relating to 5G had completed its work and had not drawn any conclusions directed against any particular supplier.

Huawei did not immediately reply to a request for comment.

Core mobile networks carry higher surveillance risks because they incorporate more sophisticated software that processes sensitive information such as customers’ personal data.

A NOS spokeswoman said the company “will not have Huawei equipment in its core network” and will choose the “best partners” for each of the network’s components.

At Vodafone Portugal a spokeswoman said of the parent group: “Vodafone announced that its core 5G network won’t include Huawei in its different operations, so naturally, Vodafone Portugal is no exception.”

HISTORIC PARTNER

Vodafone Portugal “has been working on preparing its 5G network with its preferred and historic partner Ericsson ,” the spokeswoman said.

Altice Portugal CEO Alexandre Fonseca set out a similar stance as early as March, saying the company hadn’t even included Huawei in its current core mobile telecoms networks.

Altice Portugal said its position remained the same.

Neither company gave a reason for not using Huawei in their core networks. Their stances potentially leave the door open for them to use Huawei in non-core parts of the 5G rollout.

The three telecom groups’ decisions regarding Huawei allows the Portuguese government – for whom China is a key business partner and the United States is also a major ally – not to take a stance.

Nuno Santos confirmed he had “heard Huawei would be left out” of core 5G networks but added: “It has nothing to do with the options or impositions of the Portuguese government, which in this matter is absolutely aligned with the European orientation.”

The European Commission has urged European Union member states to take urgent action to diversify their 5G suppliers, a move set to shrink Huawei’s presence in Europe.

The EU strategy includes reducing dependence on countries and telecoms operators from a single supplier. Huawei competes with Finland’s Nokia as well as Sweden’s Ericsson.

Portugal postponed its 5G spectrum auction for six months to October due to the coronavirus pandemic.

The government in neighbouring Spain has not taken a position, though Telefonica said it would gradually remove Huawei from the core network for technical reasons. Huawei was among a list of operators included in 5G pilot projects unveiled on Thursday, but not the only one or the main one.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


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Exclusive: Portugal telcos won't use Huawei for 5G networks though no gov't ban

LISBON NOS, Altice and Vodafone, which dominate Portugal’s market, said they will not use Huawei’s technology in their 5G core networks despite the government not banning the Chinese giant from the critical infrastructure.

A NOS spokeswoman said the company “will not have Huawei equipment in its core network” and will choose the “best partners” for each of the network’s components.

A Vodafone Portugal spokeswoman said the company will not use it, either.

Altice Portugal CEO Alexandre Fonseca said the same in March. The company said this remained their position.

Infrastructure Minister Pedro Nuno Santos confirmed to Reuters that he “heard Huawei would be left out” but added: “It has nothing to do with the options or impositions of the Portuguese government, which in this matter is absolutely aligned with the European orientation.”

“We have no ‘a priori’ issues with any manufacturer,” Nuno Santos said, revealing that a group created by the Portuguese government to assess risks and cybersecurity issues relating to 5G had completed its work and not drawn any conclusions directed against any particular supplier.

Huawei did not immediately reply to a request for comment.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


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Exclusive: ByteDance investors value TikTok at $50 billion in takeover bid – sources

NEW YORK/HONG KONG Some investors of TikTok’s parent company ByteDance seeking to take over the popular social media app are valuing it at about $50 billion, significantly more than peers such as Snap Inc, according to people familiar with the matter.

Beijing-based ByteDance is considering a range of options for TikTok amid pressure from the United States to relinquish control of the app, which allows users to create short videos with special effects and has become wildly popular with U.S. teenagers. The app’s success has helped turn ByteDance into one of only a handful truly global Chinese conglomerates.

The Committee on Foreign Investment in the United States (CFIUS), a U.S. government panel which reviews deals by foreign acquirers for potential national security risks, has raised concerns about the safety of the personal data that TikTok handles under its Chinese owner, Reuters has previously reported.

Privately held ByteDance has received a proposal from some of its investors, including Sequoia and General Atlantic, to transfer majority ownership of TikTok to them, the sources said. It has also fielded acquisition interest in TikTok from other companies and investment firms, the sources said.

The investors’ bid values TikTok at 50 times its projected 2020 revenue of about $1 billion, according to the sources. By comparison, Snap is valued at 15 times its projected 2020 revenue, at about $33 billion, according to data provider Refinitiv.

It is unclear whether ByteDance’s founder and CEO, Yiming Zhang, will be satisfied with the offer. ByteDance executives recently discussed valuation projections for TikTok that exceed $50 billion, one of the sources said.

TikTok is growing rapidly as it rakes in more cash from advertising, and its management team expects to achieve $6 billion in revenue in 2021, one of the sources said.

ByteDance, which owns other apps including TikTok’s Chinese counterpart, Douyin‎, has set itself a revenue target for 2020 of about 200 billion yuan ($28 billion), Reuters has previously reported.

ByteDance was valued at as much as $140 billion earlier this year when one of its shareholders, Cheetah Mobile Inc, sold a small stake in a private deal, one of the sources said.

If a deal for the whole of TikTok cannot be reached, ByteDance is exploring divesting only TikTok’s U.S. operations, one of the sources said. It is not clear what such a deal would be worth and what ties TikTok in the United States would maintain with its global operations.

There is no certainty that ByteDance will agree to any deal, the sources said. It is pushing ahead with structural changes that will further ringfence the U.S. business of TikTok from its global empire, the sources added. These changes could include a new holding company for TikTok and an independent board, one of the sources said, cautioning that no decision has been made. The company has already separated TikTok operationally from its other apps through dedicated teams.

The sources requested anonymity because the deliberations are confidential.

ByteDance and Sequoia declined to comment, while General Atlantic, Cheetah Mobile and a CFIUS spokeswoman did not respond to requests for comment.

TARGET OF U.S. LAWMAKERS

As relations between the United States and China deteriorate over trade, Hong Kong’s autonomy, cyber security and the spread of the novel coronavirus, TikTok has emerged as a flashpoint in the dispute between the world’s two largest economies.

Last week, the U.S. Senate Committee on Homeland Security and Governmental Affairs unanimously passed a bill that would bar U.S. federal employees from using TikTok on government-issued devices. It will be taken up by the full Senate for a vote. The House of Representatives has already voted for a similar measure.

President Donald Trump and top administrations officials have said they are considering a broader ban on TikTok and other Chinese-linked apps.

ByteDance acquired Shanghai-based video app Musical.ly app in a $1 billion deal in 2017 and relaunched it as TikTok the following year. About 70% of the equity capital ByteDance has raised from outside investors has come from the United States, according to one of the sources.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


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Exclusive: ASUS Premium Gaming Laptop With AMD CPU Inbound, Could be the ROG Zephyrus G14

ASUS recently introduced a slew of new products powered by AMD’s range of Ryzen processors. These included the TUF A15 and A17 gaming notebooks and the ROG Strix GA15 and GA35 gaming desktops. We now have exclusive information that the company is planning to bring a premium gaming notebook powered by AMD Ryzen processors.

While there is no clarity on the exact model, the info comes from a credible source. We are speculating that this product could be the ROG Zephyrus G14. For those of you who don’t know, the ROG Zephyrus G14 made a lot of buzz in the global markets and received a lot of positive feedback in various reviews. The gaming notebook comes with one of the most unique designs having fully-customisable dot-matrix LEDs embedded right into the lid.

The notebook was originally unveiled earlier this year and recently started shipping in certain global markets. The notebook was announced with up to AMD Ryzen 9 4900HS CPU an Nvidia GeForce RTX 2060 GPU, 16GB of RAM and a 1TB NVMEe M.2 SSD.

Of course, this information is not official, and even though the company’s current premium gaming notebook is the Zephyrus G14, take this with a pinch of salt. The Republic of Gamers or ROG brand from ASUS recently became the top gaming laptop brand in India with a 32.5 percent market share as per IDC, Q1 2020.


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OnePlus Nord Design and Colours Revealed in Exclusive Interview With Co-Founder Carl Pei

We’ve already seen some leaked press renders but in an exclusive interview with popular YouTuber MKBHD, OnePlus co-founder Carl Pei gave more details about the upcoming OnePlus Nord smartphone. The video also shows the final design of the smartphone including the two colour variants.

The video is primarily a deep-dive discussion on how smartphones are manufactured and what is the entire process and costs involved that are borne by OEMs. Besides giving a quick look at the Nord, Pei also gave a preview of one of the prototypes that include a completely different camera setup at the back. The video further shows a cleaner look at the OnePlus Nord in a greyish colour that we saw earlier on in some leaks, and a new teal colour variant, which honestly looks impressive. Also, it is hard to not notice the true wireless earphones worn by Pei which happen to have the same teal colour finish, hinting at the upcoming OnePlus Buds.

The phone seems to have a glossy finish at the back with a vertical camera setup on the left side. The edges are tapered and the display is flat with a dual camera sitting in the punch hole on the top left. The layout of other elements such as the volume rocker and power keys, the alert slider, USB C port are all similar to the OnePlus 8 series.

Pei also reveals in the interview that while manufacturers usually approve a design nine months prior to the launch, the Nord got delayed and was finalised six months ahead of the launch. The company also re-evaluated certain plans and further faced a delay of a month, which is possibly the reason why it is launching this late in the year.

The new OnePlus Nord will launch on July 21 alongside the new OnePlus Buds TWS earphones. Pre-orders for the Nord begin today at 1.30PM on Amazon.in and you get more info over here.

ONEPLUS NORD EXPECTED SPECIFICATIONS

There have been multiple leaks and speculations around the OnePlus Nord. It was first expected to launch as the OnePlus 8 Lite, then it was rumoured to be called the OnePlus Z. The company took the speculations to a new level by creating buzz around the hashtag #OnePlusLiteZThing and even opening an Instagram page by the same name.

The OnePlus Nord is expected to come with a Snapdragon 765G processor and base memory of 6GB. There will be 5G connectivity available on the phone as well. A certain benchmark listing suggests that we could see up to 12GB of RAM. The display could be a 6.55-inch AMOLED panel with 90Hz refresh rate, although this is just a rumour. In the camera department, OnePlus recently teased the fact that it will be ‘flagship quality’ but that is what the company says for all of its smartphones. According to rumours, it could feature a 48-megapixel primary sensor, along with an 8-megapixel wide-angle camera, a 5-megapixel macro camera, and a 2-megapixel camera for depth capture. Notably, the primary camera sensor could be the Sony IMX586 which is being used on the OnePlus 8. The main sensor will feature optical image stabilisation, as confirmed by the company itself. The handset is also expected to come with a 4,300mAh battery and 30W Warp Charging.

ONEPLUS NORD EXPECTED PRICE

The new OnePlus Nord is confirmed to be priced under $500 (Rs 38,000 approx). While that sounds a lot considering the OnePlus 8 sells for Rs 41,999 in India. Various leaks in the past suggest a starting price of Rs 24,999 which was pointed out through a OnePlus survey. Another leak says that it will start at Rs 21,999 for the base variant.

According to a report, Romanian retailer evoMAG.ro has listed the OnePlus Nord with a price tag of RON 2,229.99 (Rs 39,000 approx) for the 8GB RAM + 128GB storage variant.


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Exclusive| New HP Omen And Pavilion Gaming Laptops With Aggressive Price Tags Are On The Way

While everyone has been fretting over the disruption caused by the COVID pandemic on lives, the way we work and businesses, one of the success stories emerging from this trying time is the gaming industry. Online gaming and esports have seen massive traction in the past few months. A Google-KPMG report suggests that the Indian online gaming industry will be worth as much as $1.1 billion by the year 2021. Gamers are very active, and more and more casual gamers are becoming regular gamers as they look to stay sane while staying home. And it is that exact space which HP wants to make its presence felt in. It is expected that later this month, HP will launch new gaming laptops, which will be a part of the company’s flagship Omen as well as the Pavilion gaming laptop series. It is expected that the new Omen laptops will be priced around Rs 80,000 onwards, which puts them in a great position to compete with the gaming laptop options from the likes of Lenovo and Asus.

It is expected that HP will add the new Omen 15 laptop range that will offer the latest 10th generation Intel Core i5 and Core i7 processor options. The other specs could include the Nvidia GeForce RTX 2070 Super and the Nvidia GeForce RTX 2060 graphics, up to 16GB RAM and up to 1TB SSD. The 15.6-inch display will be offered in up to 4K resolutions and with the AMOLED display type option, depending on which variant you select. HP is expected to have a refreshed design language as well for the new HP Omen 15 gaming laptop range. Globally, the AMD Ryzen options are also available, but those are not likely to be launched at this time.

HP will add the new Omen 15 laptop range that will offer the latest 10th generation Intel Core i5 and Core i7 processor options

The current HP Omen gaming laptop line-up is priced at Rs 1,24,990 onwards and includes the HP Omen 15 laptops powered by the 9th generation Intel Core processors as well as the world’s first dual-screen gaming laptop, the Omen X 2S. The new Omen 15 laptops are expected to be added to this line-up, though one would expect HP to be more aggressive with the pricing this time around as well. Could we see some variants of the new HP Omen 15 priced well under the Rs 1,00,000 point?

HP will also add new models to the more affordable Pavilion Gaming laptop range. The current HP Pavilion gaming laptop range, with the 15.6-inch screen size options, are priced around Rs 65,000 onwards, depending on which variant you select. These are offered with the 9th generation Intel Core i5 and Core i7 processors, at this time. The new models will be powered by the newer 10th generation Intel Core processor options and updated Nvidia graphics.

It is expected that HP will also add a host of new accessories for gamers to its product line-up in India. HP entered the gaming computing device battles in 2017 and now has a third of the market share, competing with the likes of Dell’s Alienware, Lenovo and Asus, to name a few.

The new HP Pavilion Gaming laptop models will be powered by the newer 10th generation Intel Core processor options and updated Nvidia graphics

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Roposo Expects 1 Crore New Users to Join Within One Day of TikTok Ban | Exclusive

Roposo, the video-first Indian social media platform, expects to see close to 1 crore new users join its platform by today itself, just one day after the government of India announced a ban on 59 Chinese apps, of which TikTok was one. Speaking to News18, Mayank Bhangadia, co-founder and chief executive officer of Roposo, says, “Since morning we are witnessing a massive growth in traffic, the nature of which we have not seen before. The surge began since last night, and we expect to ride this wave to add close to 1 crore new users to Roposo by the end of the day.”

Roposo, which has 65 million users on its platform, has reportedly received a significant boost as a result of the ban on Chinese short video social media platforms, such as TikTok, Likee, Bigo Live, Vigo Video and Helo. Bhangadia says that one of the key reasons behind this growth spurt are local content creators. He says, “Over the past four years, we have built our platform from the ground-up keeping content creators at the centre. We have over 30 channels or topics where original content creators publish their work.”

Bhangadia also claims that Roposo offers the best revenue model for content creators in India, in terms of social video apps. “We don’t just reward our top content creators – our model is such that even smaller creators can earn well, given the visibility that they get on our platform. Post the ban, more creators are joining our platform, and they are encouraging their followers to also join them on our platform, which is boosting our numbers,” he says.

Roposo presently has over 65 million users on its platform, with monthly active users count of over 25 million. Bhangadia says that its reach is actually much higher thanks to its parent company, Glance, which is owned by Indian startup, InMobi. “Glance has a daily user base of over 100 million active users, and Roposo’s content is fed into the Glance lock screens. As a result, our reach is over 125 million active users every day,” he adds.

Going forward, Bhangadia says that he expects these numbers to change rapidly in the coming days. He expects this surge to continue in the coming days, as more users would likely look for alternate platforms to post their content on.

Roposo will be competing against other Indian social media platforms such as Chingari, and the more established ShareChat. While the former has been posting numbers such as over 1 million video views by its users in 30 minutes, ShareChat presently has over 60 million monthly active users on its platform, making it the biggest Indian social media platform out there right now.