Author: Mei Ling Tan

  • Renault To Produce New Alpine Model At Dieppe Site

    Renault To Produce New Alpine Model At Dieppe Site

    French carmaker Renault will produce the new electric model of its Alpine brand at its Dieppe site in northern France, Chairman Jean-Dominique Senard said on Friday.

    “There was uncertainty over the future of that plant a few years ago and now thanks to the work of Renault’s teams…we will be able to really secure the future of that plant,” Senard said.

    Renault, Nissan, and Mitsubishi Motors on Thursday said they planned to deepen cooperation in electric vehicle (EV) production as their two-decade-old alliance positions itself to compete as auto markets switch to EVs.

    Senard also told France Inter radio that Renault hoped to hire a further 2,500 staff for its French factories.

  • Dott To Roll Out E-Scooter Expansion With Extra $70 Million Funding

    Dott To Roll Out E-Scooter Expansion With Extra $70 Million Funding

    Electric scooter rental firm Dott said on Tuesday it had raised an extra $70 million which it will use to roll out new e-bikes, expand into new cities and countries and offer more services. Amsterdam-based Dott had announced $85 million in the Series B funding last year and the extra amount brings the total the start-up has raised so far to around $210 million. “We’re all on this crusade against personal cars. We want to make it super simple for anyone who wants to ditch their own car to have other transportation modes,” Dott Chief Executive Henri Moissinac said.

    The two largest global e-scooter rental operators are Bird Global Inc, which was listed in November, and Lime, which aims to go public this year. The business is expected to see further consolidation as larger players scale up to navigate tougher regulations from cities trying to adapt to e-scooters. Ride numbers rebounded in 2021 after the COVID-19 pandemic virtually shut down operators for lengthy periods in 2020.

    And the scooter rental business is expected to undergo further consolidation as larger operators seek greater scale to handle tougher regulations from cities

    Dott, which has a fleet of 40,000 e-scooters and 10,000 e-bikes, is operating in 36 cities across nine European countries

    Dott said its extra funding was led by new investors abrdn and existing investor Sofina. Its existing investors including Prosus Ventures, the venture capital arm of Prosus NV also participated in the latest round. I declined to comment on the company’s current valuation.

    Dott, which has a fleet of 40,000 e-scooters and 10,000 e-bikes operating in 36 cities across nine European countries, recently partnered with FREE NOW, a European platform that offers ride-hailing and taxi services.

    Moissinac said Dott is seeking more partners “to offer as many options as possible for shared mobility to consumers”, adding that it will expand in France and Scandinavia, the Netherlands with e-bikes only and possibly Israel.

  • Ferrari And Qualcomm Team Up For Tech Projects For Road, Racing Cars

    Ferrari And Qualcomm Team Up For Tech Projects For Road, Racing Cars

    Ferrari said on Tuesday it would partner with Qualcomm Technologies to use the San-Diego based group’s premium product, the Snapdragon chipsets, to accelerate the sports carmaker digital transformation. The deal will involve both its road cars and its Formula One racing team and the first common projects, including the so-called digital cockpit, have been already identified, the Italian group said in a statement.

    Ferrari’s new CEO Benedetto Vigna – a technology industry veteran – said in November Ferrari would seek technology partnerships as it moves ahead with transition toward cleaner mobility and in order to pivot technologies that require high investments.

    The Snapdragon logo will make its debut on Ferrari’s F1-75 racing model, which will debut on Feb 17

    “Innovation requires market leaders working together. Thanks to this agreement … we expand our knowledge in digital technologies and web 3.0, areas with great potential for automotive and motorsport,” Vigna said in the statement.

    The Snapdragon logo will make its debut on the F1-75 racing model, the Ferrari single-seater which will be unveiled at the company’s headquarters in Maranello on Feb. 17.

  • Thailand Approves Incentives To Promote EV Shift

    Thailand Approves Incentives To Promote EV Shift

    Thailand’s cabinet on Tuesday approved a package of incentives including tax cuts and subsidies to promote a shift to electric vehicles (EVs) in Southeast Asia’s major auto production base, a government spokesperson said. The package for 2022-2025 is in line with a zero emission vehicle policy plus a goal to ensure 30% of Thailand’s total auto production are EVs by 2030, Thanakorn Wangboonkongchana told a news conference.

    In the first two years, the measures will focus on encouraging widespread domestic use of EVs by providing tax breaks and subsidies for imported models and those made locally, he said. In the last years of the package, the support will mainly be on promoting domestically produced EVs, while cancelling some benefits for imported models, Thanakorn said.

    “This is to encourage operators to accelerate the production of electric vehicles in the country to meet increasing demand,” he said. Thailand last year produced 1.7 million regular vehicles, for firms that include Toyota, Honda and Mitsubishi.

    Thanakorn did not give further details on the incentives, which he said would need to be worked out with the energy ministry. According to earlier media reports, the package will help reduce the price of each EV by between 70,000 baht ($2,165) and 150,000 baht ($4,638).

  • Google now lets you remove your address and phone from Search results

    Google now lets you remove your address and phone from Search results

    Google Search can be a curse as much as it is a blessing. You can use it to find more information on various topics, such as Elon Musk’s $44 billion Twitter acquisition, or leaks about the upcoming iPhone 14, but at the same time, someone can use the same search service to find out where you live, your phone number, and other sensitive data about you. This is why Google allows users to request the removal of their personal data that appears in Search.

    In a blog post, Google announced that, from now on, in addition to bank account and credit card numbers, users will be able to request the removal of other types of information, such as phone numbers, email addresses, or physical addresses, from its search results. But Google doesn’t stop there. To protect you from identity theft, the company also enables you to remove information, such as confidential log-in credentials, if they appear in Search.

    However, don’t expect Google to erase all the data straight away. When you send a removal request, the company will first assess all the content on the web page that displays your credentials to ensure that it is not limiting the availability of other broadly useful information, such as news articles.

    Google will also check if the content you want to delete isn’t part of the public record on government or official sites. If it is, it won’t make the removal.

    It should be noted that removing content from Google’s search results doesn’t mean that it is gone from the Internet. As the company pointed out, if you want something completely gone, you should speak with the hosting site directly.

  • Facebook monthly users rise, as Meta’s growth stagnates

    Facebook monthly users rise, as Meta’s growth stagnates

    On April 27th, Meta released its first quarterly financial report for 2022. With it, the company manages to defy the gloomy expectations of consumers and investors alike. The key takeaway – more users, more revenue, less growth.

    One figure particularly stands out – 2.94 billion – the number of users that log into Facebook on a monthly basis. This is just one of the many indicators that Meta, despite ever stronger competition and the global challenges it is facing, is very much still holding on. The report also announced growth in other key areas like total revenue and ad prices.

    After a certain period of stagnation and loss of users, Facebook seems to be once again gaining some, albeit limited, traction. The number of daily users also showcases a 4% net increase on a yearly basis. This also comes in the aftermath of the suspension of the social media platform in Russia.

    Naturally, these revelations triggered a rise in Meta’s share prices, which rose by more than 15% following the announcement. This is no doubt a breath of fresh air for the company, especially after the rather disappointing financial report by Alphabet, the parent company of Google, for the same fiscal quarter. It should also be noted that Meta’s share prices had been steadily depreciating for some months now.

    Now would be a good time for a small disclaimer. The financial growth of Meta is indeed above analysts’ projections, but it is in fact slowing down. The roots of this stagnation run deeper than the war in Ukraine. Apple’s push for protecting the data of its users and increasingly more stringent data regulations (especially in the EU) are truly pushing the company’s business model to its limits.

    Reality Labs, the project that represents Meta’s grandest ambition – establishing the metaverse – still operates on a loss and contributed just 2.5% of the company’s revenue. All this calls into question whether Meta will have the means to sustain its own future, let alone pave the way for the one it aims to build for everyone else.

  • HCMC high-end office rents jump in Q1

    HCMC high-end office rents jump in Q1

    Grade A office rents in HCMC rose by 5.1 percent quarter-on-quarter to US$44.9 per square meter per month last quarter. The average rent was 5.3 percent up from a year earlier, according to real estate consultancy CBRE Vietnam.

    Grade B rents averaged $25.9, up 1.7 percent and 3.1 percent. Similar surveys by other consultancies Colliers and Savills showed grade A rents increasing by 1-3.8 percent.

    Net absorption during the quarter was 16,500 square meters compared to 15,000 in the last quarter of 2021, according to Savills.

    Two sectors that achieved growth during the pandemic, information technology and logistics, accounted for nearly 60 percent of all transactions and are likely to lead demand in the next two years.

    Office relocation accounted for 55 percent of transactions.

    Demand for office space would keep rising, especially in sectors that would see growth such as e-commerce, real estate, electronics, IT, and communications, deputy director of Colliers Vietnam, Nhung Vu, said.

    Savills added that HCMC would need around 140,000 square meters of office space for new workers this year, based on an estimate that each needs eight square meters.

  • The Coffee House operator posts $10 mln loss

    The Coffee House operator posts $10 mln loss

    Seedcom, the operator of The Coffee House beverage chain and June fashion outlets, posted a loss of nearly VND240 billion ($10.45 million) last year due to Covid-19 impacts. The loss increased by nearly 24 percent from 2020.

    Its debt-to-equity ratio rose by 26 to 69.5. It had nearly VND1.48 trillion in debt by the end of the year.

    Last year, it raised VND50 billion in bonds with a coupon rate of 12 percent per annum.

    The negative figures came as most of Seedcom’s business, including The Coffee House, Juno and another fashion brand Hnoss, had to shut down or operated with limited capacity for months due to social distancing.

    The Coffee House last year launched a kiosk model to focus on selling takeaways in crowded areas like supermarkets or main roads.

    But so far only two such kiosks have been opened in Ho Chi Minh City, despite CEO Le Ba Nam Anh’s plans to open a large number of such facilities.

    Seedcom, established in 2014, also owns delivery companies AhaMove, Giao Hang Nhanh and retail chain Kingfoodmart.

    Last year it branched into finance by partnering with Thai bank Kvision to provide payment and loan services to small and medium companies, focusing on cashless finance.

    It also sold farming unit Cau Dat Farm, which grows and processes coffee, to Nova Consumer under NovaGroup to focus more on retail.

  • Google Joins Swiss Open Banking Initiative

    Google Joins Swiss Open Banking Initiative

    Switzerland’s Openwealth initiative gains momentum as one of the world’s largest cloud providers becomes a member.

    Google Cloud becomes the latest addition to the Openwealth Association, joining as an API service provider, the organization announced on Thursday.

    The application programming interface (API) allows third-party providers to dock with IT platforms, in this case, banks and wealth managers. As a leading cloud provider, Google Cloud will allow Openwealth to disseminate the API standard globally.

    Apigee, Google’s API management platform, is one of the most widely used open API publishing software solutions in the world, used by many OpenWealth members, it said.

    The Swiss industry initiative aims to standardize the interfaces of a wide range of institutions and simplify data exchange between custodian banks and portfolio management system providers and custodian banks themselves.

    Google joins UBS, Credit Suisse, Julius Baer, ZKB, and SIX, among others, in the industry initiative.

  • Lawson to sell Muji grocery products in 14,000 stores

    Lawson to sell Muji grocery products in 14,000 stores

    Lawson will begin offering Muji brand products at its 14,000 stores across Japan, as the Japanese convenience store chain aims to boost customer traffic with the popular ‘no-brand brand’ lifestyle goods.

    Lawson plans to replace 3,500 items with those of Muji, or about 5% of the merchandise on offer at the convenience store chain.

    The move comes as Lawson finds its customers becoming more budget-conscious as inflation heats up around the world. The company believes stocking its shelves with Muji brand can encourage shoppers to spend more.

    The Muji brand is run by Japanese retailer Ryohin Keikaku. The two companies have been working together since June 2020, with Muji items available at 110 Lawson stores in the Tokyo area.

    Starting in May, Lawson will roll out Muji goods across eastern Japan, aiming to cover its 5,000 stores there in about six months.

    Muji items will be in all its stores in Japan by the end of 2023 and will include 170 daily items, such as stationery, cosmetics and socks. In addition, about 30 Muji food products will be sold, including instant curry sauce and sweets.

    Lawson is considering offering even more Muji products and looking at joint development of private label items.

    Muji items are known for their simple design and high quality. The brand’s instant curry sauce has become a hit across all age groups. During a trial run, Lawson found that sales of particular products jumped by around 20% after they were replaced with similar Muji products. Overall store sales also rose by 2% to 5%, according to Lawson.

  • Blackmores believes China’s diagou market is past its peak

    Blackmores believes China’s diagou market is past its peak

    The boss of Blackmores says the vitamins and supplements giant is not really relying on Chinese “daigou” shoppers anymore as it gains more market share in Indonesia and Thailand, while the huge opportunity of densely-populated India will be a slow burn.

    After delivering the company’s latest results on Thursday, chief executive Alastair Symington also said customers should not expect a price war with Blackmores’ competitors as too many discounted promotions led to “a lack of differentiation between brands”.

    It also means lower margins for the business, which wants to maintain its premium positioning in the market, highlighting its superiority with things like the ethical sourcing of fish oil.

    The company booked a 9.6 percent rise in underlying net profit for the first half, with earnings margin growth in Australia and New Zealand of almost 18 per cent credited to “strategic pricing and operational improvements”.

    Mr Symington said the results were ahead of expectations in all markets despite volatile and uncertain trading conditions due to the pandemic.

    Blackmores’ overseas business is leading the charge, with revenue up about 50 percent.

    Mr Symington said 110 percent growth in the massive market of Indonesia was particularly pleasing, driven by consumers snapping up vitamin D and zinc on the back of clinical evidence these improve immune health – a key consideration amid lockdowns.

    Growth in Thailand of 40 percent was also a highlight, he said, but Australian consumers were still behaving very cautiously and there had been a “stuttery start” to sales this calendar year, with ANZ revenue dipping 1.2 percent.

    But Blackmores has its eyes on a very big prize – India – where it launched in September in partnership with Amazon India.

    The company recently entered a distribution partnership with Udaan, India’s largest business-to-business e-commerce platform, expanding the reach of its products to independent pharmacies in at least 10 metro cities across the continent, which is home to well over one billion people.

    “There’s a lot of promise in that India business,” Mr Symington said.

    Mr Symington says growth areas include ‘healthy ageing’ products targeting concerns such as joints, digestive health and anxiety in pets, and sleep and beauty.

    On China, he said the daigou market – whereby visitors send goods back home – would not return to the loft heights seen in 2016 and 2017, when dedicated stores offering resellers in-demand products and delivery services popped up around Australia.

    Blackmores recorded an 8.5 per cent lift in revenue to China in the first half, “driven by continuous improvements in e-commerce fundamentals … partially offset by a 7 per cent decline in the corporate daigou channel”.

    “We’re not really relying on that (diagou market) moving forward,” Mr Symingto

  • Honor sees gains as China smartphone sales fall

    Honor sees gains as China smartphone sales fall

    Former Huawei unit Honor posted the fastest growth in China’s smartphone market in the first quarter, even as overall handset sales fell 14% year-on-year to levels close to those seen in the pandemic-ravaged first quarter of 2020.

    Android handset brands Vivo and Oppo, both under the privately owned BBK Electronics, claimed the largest share of first quarter sales, with 19.7% and 18% of the market respectively, research firm Counterpoint Research said.

    Apple, which was China’s top-selling vendor in the previous quarter for the first time in six years thanks to the release of the iPhone 13, was the third-largest seller in Q1, claiming 17.9% of the market.

    Honor made the biggest gains in Q1, taking the fourth biggest slice of sales with 16.9%, with sales up 15.5% on the previous quarter. Huawei Technologies sold its Honor unit in December 2020 to a consortium of agents and dealers as U.S. sanctions crippled the parent’s smartphone sales.

    Huawei, once China’s best selling brand, held 6.2% of the market in the first quarter.

    Chinese retail sales lagged in the key coastal economic regions of Guangdong and Jiangsu in the first quarter, with areas hit by COVID-19 outbreaks also showing particular weakness, regional data showed.

  • Netflix to boost its mobile games offering to 50 titles by the end of 2022

    Netflix to boost its mobile games offering to 50 titles by the end of 2022

    Netflix has been slowly building its games offering in an attempt to keep subscribers engaged with the service beyond movies and TV shows. Currently, the streaming service completely focuses on mobile, so don’t expect any PC or console games to come to Netflix anytime soon.

    That being said, Netflix offers 18 mobile games to its subscribers, which can be downloaded directly from within the app. To show its commitment to this part of its service, Netflix recently bought a few game developers, including makers of Oxenfree, Night School Studio, Boss Fight Entertainment, and Next Games, the studio behind Stranger Things: Puzzle Tales.

    Last month, Netflix announced a partnership with Exploding Kittens for a mobile game and an animated series. Netflix is looking for “content opportunities around video games from every direction.”

    The report also states that Netflix plans to expand its mobile games offering up to 50 titles by the end of the year. Netflix is one of the few streaming services that decided to invest a lot of resources into video games adaptations. The Witcher, Cuphead, Castlevania, League of Legends, and more recently Exploding Kittens, are among the most popular TV shows offered by Netflix, which are based on video games.

    It looks like Netflix was quite content by how these TV shows were received by subscribers, so it’s now trying to “build out a games business that can create synergy between what people watch and what they’re playing.” That seems like a great idea, but only if you’re into gaming.

  • New firmware update for the Apple AirTag is released

    New firmware update for the Apple AirTag is released

    Apple has started releasing its newest AirTag firmware update. Version 1.0.391, with the feature build number 1A301 succeeds the previous iteration that the company launched seven months ago.

    Concrete details on the recent firmware update are, for the time being, rather scarce. With iOS updates, one can easily identify the main tweaks by going over the official release notes. However, for firmware updates, Apple has never made the same effort to guarantee visibility.

    Nevertheless, with time, users will be able to find out for themselves what the new firmware update brings to the table. Last year, Apple released an Android app for the AirTag and made some adjustments to the anti-stalking features of the device. It is possible that this new update could also build upon the latter.

    In general, firmware updates do not always introduce new features. Most commonly, they tackle bugs and enhance performance. That being said, a novel feature is never completely out of the question. If one does come up, you can be sure that we at PhoneArena will have you covered.

    Users can, as of now, only check whether they are running the newest firmware version. Unfortunately, firmware updates happen automatically without the user being explicitly informed. Because there is no way to manually initiate an update, those that have not received the newest one will simply have to exercise some patience.

    In order to see which firmware version is being run on your AirTags, simply select your AirTag from the items section, tap on its name and compare. If the version is 1.0.391, you are good to go. If not, simply make sure to leave your AirTag close to your iPhone and hope for more than mere optimisation.

  • Leaked document warns that Facebook has no clue how it handles your data

    Leaked document warns that Facebook has no clue how it handles your data

    For years, the community’s main gripe with Facebook has been that it collects a lot of personal data, which it later sells to advertisers. And now, a leaked internal document obtained by Motherboard warns that the social media platform has no idea where all of its acquired user data is going or what it is being used for.

    The report was written last year by Facebook’s privacy engineers on the Ad and Business Product team, and its goal was to inform about the gaps in the way the platform processes personal information and to encourage a change in an attempt to protect the company from problems with privacy regulators in Europe, the US, India, and other countries.

    According to the engineers, the company will be unable to fully comply with regulator-imposed privacy laws that come from everywhere as a “tsunami” of new laws that impose restrictions. They stated, “We do not have an adequate level of control and explainability over how our systems use data, and thus we can’t confidently make controlled policy changes or external commitments such as ‘we will not use X data for Y purpose.’ And yet, this is exactly what regulators expect us to do, increasing our risk of mistakes and misrepresentation.”

    The reason for Facebook’s data privacy problem is that its systems mix first-party user data, third-party user data, and sensitive data together. To be even more understandable, the engineers used the metaphor of pouring a bottle of ink into a lake and then trying to return it to the bottle.

    The ink is a mix of all kinds of user data, and once “poured,” there are no ways to organize it to “only flow to the allowed places in the lake?”

    As the engineers pointed out, there is a “short-term” solution in the form of a new, unreleased service called “Basic Ads,” which, if implemented, will allow Facebook to comply with international regulations. The document reads, “When launched, Facebook users will be able to ‘opt-out’ from having almost all of their 3P and 1P data used by Ads systems – page likes, posts, friends list, etc.”

    The sad part is that the report also states that Basic Ads must be “launch-ready in Europe by January 2022.” January has come and gone, but this service hasn’t been released yet.

    Although Facebook declined to comment on this “short-term” solution, a representative of the company shared that Basic Ads is “an internal codename, and that the product will show that Facebook can build advertising that is relevant to users while preserving their privacy.

    In a statement to Motherboard, a Facebook spokesperson stated that the company is complying with privacy regulations. Also, it can’t be determined that the report shows non-compliance because it doesn’t describe the platform’s extensive processes and controls used to comply with privacy standards.

    The spokesperson also stated that regulations across the world introduce different requirements for the company to fulfill and that the document simply shows what measures the company is working on to be able to implement them.