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Category: Electronics

Retail News Asia is committed to providing both local and global retailers with the latest Electronics news throughout the Asian market. This on a daily base.

  • Essilor Luxottica and Meta Unveil Affordable AI Glasses for the Masses

    Essilor Luxottica and Meta Unveil Affordable AI Glasses for the Masses

    Renowned eyewear manufacturer, Essilor Luxottica, has entered into a collaboration with Mark Zuckerberg’s Meta for the creation of a more affordable range of AI glasses, targeting price-conscious customers. This move follows the successful release of AI glasses under the Ray-Ban and Oakley brands, with the Ray-Ban line becoming the top-selling AI glasses on the market.

    Creating Affordable AI Glasses

    The Essilor Luxottica range, priced from just $299, promises to bring the company’s innovation in smart eyewear to a wider audience, offering consumers around the globe enhanced and more integrated experiences. The CEO of Essilor Luxottica, Francesco Milleri, expressed his excitement at this cutting-edge development in the realm of smart eyewear. He asserted the launch provides an opportunity for budget-conscious consumers to experience the transformative effect of wearable tech in their daily lives.

    According to Milleri, Essilor Luxottica’s range of “iconic brands” have been instrumental in boosting the adoption of their products in the market. The company, a result of the 2018 merger of lens manufacturer Essilor and frames producer Luxottica, boasts a remarkable portfolio that includes global brands such as Ray-Ban, Oakley, and Oliver Peoples. In addition, they produce glasses for luxury brands like Chanel, Prada, Coach, and Armani.

    The Future of Eyewear

    Meta CEO Mark Zuckerberg was enthusiastic about the partnership with EssilorLuxottica, highlighting the aim to integrate potent AI into eyewear frames that consumers will want to wear. Zuckerberg suggested that glasses could become a primary medium for individuals to access personal superintelligence, and with the new Meta Glasses, this possibility could become a reality for a much broader audience.

    The new collection will initially offer three styles, coupled with a variety of lens options. Currently, the range is available online for customers in the US, Canada, and a select number of European countries, with plans to extend further into additional markets later in the year.

    Questions & Answers

    What is the pricing for the new Essilor Luxottica AI glasses?
    The AI glasses will start retailing from $299.

    Who is Essilor Luxottica partnered with for this new venture?
    Essilor Luxottica is partnering with Mark Zuckerberg’s Meta for the production of these glasses.

    Where are the new AI glasses currently available?
    They are available online for customers in the US, Canada, and select European countries.

  • Yamada and Edion Set to Merge, Establishing Japans Largest Electronics Retail Empire

    Yamada and Edion Set to Merge, Establishing Japans Largest Electronics Retail Empire

    Yamada Holdings, Japan’s premier consumer electronics retailer, is scheduled to merge with its competitor, Edion. This amalgamation is set to form Japan’s most extensive electronics retail conglomerate with an estimated annual turnover reaching 2.5 trillion yen (equivalent to roughly US$16 billion).

    The companies are due to formalize an initial agreement in the imminent week. The integration is projected to be orchestrated through a holding company, which will enable both retailers to maintain operations under their established brand names.

    Market Consolidation

    The merger would offer a combined sales volume more than twice that of their competitor, Bic Camera. This is a significant move towards further consolidation in a market experiencing slowed growth amidst escalating competition.

    During the fiscal year that concluded in March, Yamada reported sales of approximately 1.69 trillion yen (about US$10.5 billion), while Edion’s revenue was 793.7 billion yen (almost US$5 billion). United, these retailers would be listed among Japan’s most significant retail groups, trailing only Aeon, Seven & I Holdings, and Fast Retailing.

    The anticipated merger is intended to enhance scale, procurement capabilities, and product development abilities. In a bid to differentiate themselves, retailers are increasingly focusing on exclusive products and private-label offerings rather than merely competitive pricing.

    Expansion of Private-label Offerings

    Both companies have been broadening their private-brand product ranges. Yamada has unveiled an expanding range of private-label appliances, including an attractively priced front-loading washing machine that debuted last year.

    Simultaneously, Edion has made private-label products a strategic priority, introducing home appliances with unique designs aimed at the younger demographic.

    In 2012, Yamada Denki invested 10 billion yen to secure a controlling interest in competitor Best Denki.

    Questions & Answers

    What is the primary goal of the proposed merger between Yamada Holdings and Edion?
    The merger aims to boost scale, increase purchasing power, and enhance product development capabilities, with a focus on exclusive merchandise and private-label offerings.

    How will the merger impact the existing brands of both companies?
    The merger is expected to be structured through a holding company, allowing both Yamada Holdings and Edion to continue operating under their pre-existing brand names.

    How have Yamada Holdings and Edion been expanding their product ranges?
    Both companies have been focusing on expanding their range of private-label products. Yamada has introduced a variety of such appliances, while Edion has been producing uniquely designed home appliances targeted at younger consumers.

  • Xiaomi Vietnam Fined $11,000 For Breach Of Consumer Protection Laws

    Xiaomi Vietnam Fined $11,000 For Breach Of Consumer Protection Laws

    Xiaomi Vietnam, a distributor of consumer electronics under the Chinese brand Xiaomi, has been penalized with a fine of VND290 million (US$11,000) for breaches of consumer protection laws, especially involving the use of personal data for marketing purposes. The company was charged with not granting customers the choice to either consent or decline the use of their personal details for advertising, product promotion, and various commercial activities. This breach was confirmed by the National Competition Commission (NCC) under the Ministry of Industry and Trade.

    Additional Violations

    Furthermore, Xiaomi Vietnam was found guilty of not informing consumers about its use of influencers for product promotion, using their images and endorsements without due notice. The firm was also penalized for incorporating illegal clauses in its general transaction terms.

    The NCC has mandated that the company immediately halt all illegal activities and promptly reassess and enhance their general transaction terms and conditions, consumer data protection policies, and activities related to the provision of information and product promotions through influencers. This is to ensure full compliance with the legal regulations.

    Xiaomi Vietnam, which has been operating since 2019 and is headquartered in Ho Chi Minh City, offers a variety of consumer electronics, such as smartphones, tablets, wearable devices, TVs, robot vacuum cleaners, and smart home devices.

    Questions & Answers

    What was Xiaomi Vietnam fined for?
    Xiaomi Vietnam was fined for breaching consumer protection laws, specifically in relation to the use of personal data for marketing purposes without consumer consent.

    What other violations was Xiaomi Vietnam charged with?
    Further charges against Xiaomi Vietnam included the failure to inform consumers about their use of influencers for product endorsement, and the inclusion of illegal provisions in their general transaction terms.

    What steps has the NCC mandated for Xiaomi Vietnam?
    The NCC has ordered Xiaomi Vietnam to immediately stop all illegal activities and to review and update their transaction terms, consumer data protection policies, and influencer-related promotional activities to adhere to legal regulations.

  • Xiaomi Eyes Global Market Expansion Amidst Local Turbulence and Rising Component Costs

    Xiaomi Eyes Global Market Expansion Amidst Local Turbulence and Rising Component Costs

    Xiaomi Corp., a leading Chinese tech firm known for smartphones and electric vehicles, announced a 43% decrease in net profit in the first quarter of 2022. A variety of factors such as increased memory and other component costs, domestic competition, and investment in new ventures have resulted in a decline in the company’s smartphone segment.

    Expansion Plans Amidst Challenges

    For the first quarter, Xiaomi reported an adjusted net profit of 6.1 billion yuan (around US$899 million), slightly less than the average analyst prediction of 6.4 billion yuan. In order to counterbalance the increased costs of components and heightened competition, Xiaomi plans to extend its reach further into foreign markets.

    According to Xiaomi’s president, William Lu, the industry is adjusting to the “new normal,” comprised of higher memory costs. However, the surge in memory costs is forecasted to decrease starting in the third quarter.

    Xiaomi has been channeling resources into electric vehicles and artificial intelligence, in an effort to diversify its revenue streams outside its main smartphone business. Although the electric vehicle segment continues to grow and contribute to the company’s income, it is impacting earnings due to high investment and lower margins.

    Financial Performance and Future Outlook

    In the first quarter, the company’s electric vehicle business generated revenue of 19 billion yuan, a 5.1% increase from the previous year. However, operations related to electric vehicles, artificial intelligence, and other new initiatives resulted in losses amounting to 3.1 billion yuan.

    During this period, Xiaomi distributed 80,856 electric vehicles, a significant drop from the 145,115 units delivered in the fourth quarter. However, this still represents a 6.6% rise from the previous year.

    The first-quarter revenue was reported to be 99.1 billion yuan, slightly below the average analyst estimate of 103.4 billion yuan. Recently, the company launched a new, more affordable version of its flagship YU7 SUV series, priced around 8% lower than its predecessor, intensifying the competition with Tesla in China’s car market. The company has further plans to expand into European markets by 2027.

    Xiaomi, currently the world’s third-largest smartphone manufacturer, saw a 19% decrease in smartphone units shipped in the quarterly period. Revenue from the smartphone division fell by 12.5% to 44.3 billion yuan, mainly due to elevated component prices and increased domestic competition.

    Questions & Answers

    What are Xiaomi’s plans to cope with the slump in net profit?
    To offset higher component costs and tougher competition, Xiaomi aims to expand further into overseas markets.

    What is Xiaomi’s “new normal”?
    The “new normal” refers to the industry’s adaptation to higher memory costs, as stated by Xiaomi’s president, William Lu.

    What is Xiaomi’s future outlook in the smartphone market?
    The outlook remains weak due to the ongoing memory chip shortage, which is expected to last until late 2027, and geopolitical tensions in the Middle East impacting consumer sentiment.

  • Dien May Xanh Sets Sights on Record-Breaking $546M IPO, Fueling Vietnams Vibrant Retail Market Boom

    Dien May Xanh Sets Sights on Record-Breaking $546M IPO, Fueling Vietnams Vibrant Retail Market Boom

    Dien May Xanh, a Vietnamese electronics retailer and a branch of the Mobile World Investment Corporation, is set to garner approximately US$546 million via an initial public offering (IPO) later this year. The company aims to offer 79.5 million regular shares, each priced at 80,000 VND (US$3.04). If successful, this could be one of the most significant consumer retail listings in Vietnam in recent times. Vietcap Securities will serve as the adviser for the IPO.

    Purpose and Use of IPO

    Dien May Xanh has stated that the IPO is designed to boost transparency, fortify brand equity, and fuel future growth. The funding generated from the sale of shares will be directed towards debt repayment, business expansion, and other operational investments. This strategic move is to fortify the company’s foothold in Vietnam’s fiercely competitive consumer electronics industry.

    The company operates under the umbrella of the Mobile World Investment Corp (MWG), which holds the reputation of being one of Vietnam’s most prominent listed retailers. Dien May Xanh has established itself as a dominant force in the retail landscape with its vast national network of electronics and home appliance outlets.

    Known for its wide-ranging product inventory that includes smartphones, televisions, home appliances, and consumer technology products, Dien May Xanh has successfully catered to the increasing domestic spending and surging demand for digital devices.

    Growth Projections and Market Response

    By 2030, the company is aiming for an 11 percent compound annual revenue growth and a 16 percent annual net profit growth. These are ambitious yet attainable targets considering the current trajectory of Vietnam’s retail industry.

    Supported by the launch of five new growth pillars, Dien May Xanh is intent on reinforcing its market supremacy. It seeks to position itself as a compelling long-term investment option for both local and international financial institutions.

    The announcement of the IPO comes at a time when Vietnam’s capital markets are witnessing a surge in momentum, with a growing number of companies exploring listings. Market analysts have noted an uptick in investor interest, spurred by the possibility of Vietnam transitioning from a frontier market to an emerging market. This potential upgrade could attract an influx of foreign investment.

    Questions & Answers

    What is the main objective of Dien May Xanh’s IPO?
    The IPO aims to increase transparency, fortify the company’s brand equity, and support its future growth.

    How does Dien May Xanh plan to use the funds raised from the IPO?
    The funds raised will be channeled towards repaying debts, expanding the business, and making operational investments.

    What are Dien May Xanh’s growth targets for 2030?
    The company aims to achieve an 11 percent compound annual revenue growth and a 16 percent annual net profit growth by 2030.

  • Shopee Propels Sea Limited to Sky-High Profits: Record Quarter Marks Staggering Growth

    Shopee Propels Sea Limited to Sky-High Profits: Record Quarter Marks Staggering Growth

    Sea Limited, a Singapore-based tech conglomerate, has reported substantial growth in both sales and profit for the fiscal quarter ending March 31. This surge in growth has been attributed to the ongoing success of its e-commerce arm, Shopee.

    Impressive Financial Performance

    Sea Limited’s financial performance soared as revenue for the first fiscal quarter increased by 46.6% to reach US$7.1 billion. Gross profit followed suit with a 40% increase amounting to $3.1 billion. The company’s net income and adjusted EBITDA also saw growth, with the former rising by 6.7% to $438.2 million and the latter increasing by 9.3% to $1 billion.

    Forrest Li, Sea Limited’s Chairman and CEO stated that the company has started the year strong and is keen on deepening its competitive advantage while maintaining financial discipline. He added that the impressive growth in revenue is a testament to the effectiveness of the company’s investments, and they are already seeing improvements in unit economics for some of their initiatives. Li believes that this strategy is instrumental in maximizing long-term value, considering the significant potential for growth in their markets.

    Shopee’s Record-Setting Quarter

    Shopee, the company’s e-commerce platform, had a stellar performance for the quarter, with its Gross Merchandise Volume (GMV) seeing a 30% increase to $37.3 billion and gross orders rising by 29% to 4 billion. Core marketplace revenue, primarily driven by transaction-based fees and advertising, also surged by 61%. However, revenue from value-added services, including logistics services, witnessed a dip of 8.1%. Despite this minor setback, Li expressed confidence in Shopee’s ecosystem and their ability to execute strategies. He confirmed that the company is on target to meet its 2026 guidance of growing Shopee’s annual GMV by approximately 25% year-on-year, with full-year adjusted EBITDA not falling below 2025 in absolute dollar terms.

    Sea Limited’s other business divisions also experienced significant growth. The financial services sector Monee saw revenue improve by 57.8%, while the online gaming segment Garena witnessed a 40.6% growth. The previous year also saw a considerable increase in Sea’s revenue, which rose by 36.4% to $22.9 billion, while net income escalated to $1.6 billion from $447.8 million the prior year.

    Questions & Answers

    What were the main drivers behind Sea Limited’s impressive financial performance?
    The company’s robust financial performance was primarily driven by the continued success of its e-commerce platform, Shopee.

    How has Shopee contributed to Sea Limited’s growth?
    Shopee recorded a record-setting quarter with a 30% increase in Gross Merchandise Volume and a 29% surge in gross orders, significantly contributing to Sea Limited’s growth.

    How have Sea Limited’s other businesses performed?
    Sea Limited’s other businesses, including Monee and Garena, also achieved strong growth, with revenues improving by 57.8% and 40.6% respectively.

  • Electrolux Gains Competitive Edge with New Apac Head, Dyson Prodigy Bernard Chong

    Electrolux Gains Competitive Edge with New Apac Head, Dyson Prodigy Bernard Chong

    Bernard Chong has been named the new leader of the Asia-Pacific (APAC) region for Electrolux Group. His tenure will commence from the first day of June. Formerly serving as the president of Greater China at Dyson, Chong proactively oversaw operations and managed a workforce of over a thousand employees.

    A New Chapter at Bangkok

    With his office in Bangkok, Chong will be rendering reports directly to Yannick Fierling, the CEO of Electrolux Group. “I am pleased to welcome Bernard to our team,” Fierling stated. “Throughout his career, Bernard has demonstrated his ability to build brands and execute successful turnarounds, leveraging his unique approach of merging market insights, data-driven strategy, and unyielding focus. His skills will be of great value to our team. I look forward to seeing him drive the region and working with him.”

    Chong possesses a diverse and rich work history, having held several senior leadership positions across Asia and Europe. His experience spans various markets, including Southeast Asia, Portugal, and Japan. Previously, he has also collaborated with renowned organizations such as Sony Mobile Communications and Nike Southeast Asia.

    Recent Developments at Electrolux

    In other recent news, Electrolux’s Kelvinator, a seller of electronics and appliances such as refrigerators, air conditioners, and washing machines, was acquired by Indian retailer Reliance Industries last year.

    Questions & Answers

    Who has been appointed as the new head of the APAC region for Electrolux Group?
    Bernard Chong has been appointed as the new head of the APAC region for Electrolux Group.

    What are some of the previous organizations that Bernard Chong has worked with?
    Bernard Chong has previously worked with Dyson, Sony Mobile Communications, and Nike Southeast Asia.

    Who acquired Electrolux’s Kelvinator last year?
    Electrolux’s Kelvinator was acquired by Indian retailer Reliance Industries last year.

  • AI-Empowered Cyberattacks Prompt Businesses to Revamp Cybersecurity Tactics: Insights from Kaspersky

    AI-Empowered Cyberattacks Prompt Businesses to Revamp Cybersecurity Tactics: Insights from Kaspersky

    The integration of artificial intelligence (AI) technologies is necessitating a significant shift in business cybersecurity protocols. The evolving landscape of cyber threats is becoming increasingly complex due to the swift adoption of AI. Previously, successful cyberattacks required substantial planning and advanced technical proficiency, but AI has streamlined the process, decreasing the entry-level threshold for novice cyber threats.

    The Impact of AI on Cyber Threats

    AI has revolutionized the modus operandi of experienced cyber attackers, offering them speed and efficiency. Furthermore, it has also armed less skilled individuals with new capabilities. Vladislav Tushkanov, group manager at an AI technology research center, explains that AI technology allows both skilled and unskilled individuals to expedite their operations. Novice cyber attackers, who were previously required to spend extensive amounts of time learning programming, can now efficiently execute cyber threats.

    AI is being employed to create sophisticated phishing emails, imitated voices, images, and videos that are convincing and challenging to identify. Deepfakes have become an emerging hazard in the corporate world. An engineering firm in the UK reportedly suffered a loss of approximately US$25 million in 2024 when an employee was tricked into transferring funds due to a deepfake video call.

    AI’s capabilities extend beyond deepfakes and can support various stages of cyberattacks, such as reconnaissance, message customization, and evading detection by security systems.

    AI: A Double-edged Sword

    According to recent research, 72% of businesses express grave concerns regarding cyber attackers’ utilization of AI. Traditional defensive measures struggle to counter rapidly evolving and unpredictable threats. Simultaneously, AI proves to be an essential asset for bolstering cybersecurity. It allows organizations to detect threats with greater speed, mechanize aspects of the response procedure, and improve predictive abilities, thereby shifting from a reactive to a proactive security strategy.

    “To effectively manage the increasing number of alerts and to prevent analysts from becoming overwhelmed, machine learning is essential. It copes efficiently with these tasks and allows professionals to focus on complex or business-critical tasks,” Tushkanov said.

    However, the successful incorporation of AI in cybersecurity involves more than just technology. Businesses also require skilled personnel, practical implementation experience, and a solid data foundation.

    The Role of AI in Incident Investigation and Decision Making

    According to sources, AI is currently used to analyze and classify around 460,000 malware samples daily. This, combined with proprietary data, processing methods, and model training infrastructure, forms the foundation of increasingly complex cybersecurity strategies.

    Despite the significant advances of AI, it is not yet equipped to replace human expertise in incident investigation and decision-making processes. Risk assessments and response strategies still heavily depend on professional judgment. “At this point, the human role remains essential,” Tushkanov said, implying that while AI systems might support decision-making in the future, they cannot replace the need for human expertise.

    Questions & Answers

    Q: How has AI impacted cyber threats?
    A: AI has streamlined the process of executing cyber threats, reducing the need for substantial planning and advanced technical skills. It has made it easier for less experienced individuals to launch successful cyberattacks.

    Q: What is the role of AI in cybersecurity?
    A: AI plays a crucial role in enhancing cybersecurity. It allows organizations to detect threats quickly, automate parts of the response process, and enhance predictive capabilities.

    Q: Can AI replace human expertise in incident investigation and decision-making?
    A: Currently, AI cannot replace the need for human judgment in risk assessment and response strategy formulation. Despite the significant advances in AI, human expertise remains essential in incident investigation and decision-making processes.

  • Samsung’s Galaxy Watch Ultra 2 Set to Launch in Two Models: Unraveling the 4G and 5G Differences

    Samsung’s Galaxy Watch Ultra 2 Set to Launch in Two Models: Unraveling the 4G and 5G Differences

    Samsung is reportedly preparing to unveil the next version of the Galaxy Watch Ultra — the true successor to its previous model, which only received a memory upgrade. In response to its key competitor, the Apple Watch Ultra 3, the Galaxy Watch Ultra 2 had been rumored to feature a significant upgrade. However, it now appears that this anticipated change may not be guaranteed.

    Galaxy Watch Ultra 2: Potential 4G and 5G Variants

    A device thought to be the Galaxy Watch Ultra 2 recently appeared in the IMEI database bearing a model number that implies a 5G version. This development suggests Samsung is planning a second variant, potentially a 4G-only version of this forthcoming premium wearable.

    Software for a device with the model number SM-L715F was identified on Samsung’s servers. This is likely software for a version of the Galaxy Watch Ultra 2, which was listed under SM-L716 in the IMEI database.

    Samsung typically uses the number “6” to denote 5G models in its range, while “5” is usually assigned to devices with 4G/LTE connectivity. The number “0” is reserved to indicate a Wi-Fi-only device.

    Potential Dual Release

    It would not be surprising if Samsung decided to release two versions of the Galaxy Watch Ultra 2. It is probable that the 5G model will only be available in certain regions, with the 4G version being sold elsewhere.

    The more advanced model is likely to be made available to consumers in South Korea, the US, and a few other markets. It is unlikely that Samsung will release a Wi-Fi-only version of the Galaxy Watch Ultra 2.

    Pragmatic Choices

    Apple released the Apple Watch Series 11, Apple Watch SE 3, and the Apple Watch Ultra 3, all with 5G support, last autumn. Although all models sold globally have the technical capacity to connect to a 5G network, this feature is not supported in all markets where the watches are sold.

    Support for 5G connectivity depends on a variety of factors beyond a device’s technical capabilities, which may explain why Samsung has chosen to offer multiple versions of its upcoming watches.

    Expected Pricing

    The only reasonable explanation for a lower-spec version of a high-tier device would be to offer it at a reduced price. If Samsung were to charge the same for both versions of the Galaxy Watch Ultra 2, it would likely disappoint consumers.

    Questions & Answers

    What might be the key feature of the Galaxy Watch Ultra 2?

    An anticipated key feature of the Galaxy Watch Ultra 2 is its potential 5G connectivity. However, it’s also speculated that there may be a 4G-only version.

    Which markets might receive the more advanced model of the Galaxy Watch Ultra 2?

    The more advanced model, presumably the 5G version, would likely be offered to consumers in South Korea, the US, and several other markets.

    What could be Samsung’s rationale for potentially offering different versions of its upcoming watches?

    Support for 5G connectivity depends on a variety of factors beyond a device’s technical capabilities. This, in addition to market demand and network availability, could explain Samsung’s decision to offer multiple versions of its upcoming watches.

  • Google Chrome Enhances User Experience with Game-Changing Vertical Tabs and Full-Page Reading Mode

    Google Chrome Enhances User Experience with Game-Changing Vertical Tabs and Full-Page Reading Mode

    Google has introduced two new features to its Chrome browser, aiming to elevate the user experience. These additions, which include vertical tabs and a full-page reading mode, have been available on other browsers, but Chrome users can now avail of these options.

    Introduction of Vertical Tabs

    Google’s Chrome browser now supports vertical tabs, a feature that arranges open tabs in a sidebar format rather than a row at the top. While previously available through advanced settings in recent Chrome builds, the feature is now easily accessible to all users. The “Show Tabs Vertically” option can be activated by right-clicking on any Chrome window.

    This new perspective offers an organized list of tabs on the side, effectively moving the address bar higher up in the window. This adjustment allows for additional vertical space for browsing. Furthermore, this innovative feature makes navigating through tabs significantly easier, making it an appealing addition for power users.

    One can further customize their browsing experience by diminishing the tabs sidebar to display only the websites’ favicons. This option virtually eliminates the Chrome interface, thus promoting a minimalist user experience.

    Full-Page Reading Mode

    The second feature that Google has introduced is a comprehensive page reading mode. As the name suggests, this mode eliminates any unnecessary elements on a webpage, thus creating a more reader-friendly view.

    Users can activate this mode by right-clicking on a page and selecting the “Open in reading mode” option.

    Keeping Pace

    The concept of vertical tabs is not a novel one. They have gained popularity through other modern web browsers that adopt a more minimalist approach. However, Google’s introduction of this feature allows users to maximize their horizontal screen space more efficiently, providing more room for vertical scrolling.

    The vertical tabs feature has been a significant factor in retaining users for competing browsers. Its ease of navigation and efficiency are touted as major benefits.

    With these new additions, Google hopes to replicate this success and potentially re-attract users who have migrated to other browsers.

    Questions & Answers

    How can I activate vertical tabs on Google Chrome?
    You can activate vertical tabs by right-clicking on any Chrome window and selecting the “Show Tabs Vertically” option.

    What is the new reading mode feature on Google Chrome?
    The new reading mode feature eliminates unnecessary elements on a webpage, thus creating a more reader-friendly view. This mode can be activated by right-clicking on a page and selecting the “Open in reading mode” option.

    What benefits do vertical tabs offer?
    Vertical tabs offer a more organized, efficient browsing experience by providing a list of tabs on the side rather than the top. This adjustment allows for additional vertical space for browsing and promotes ease of navigation.

  • Samsung’s Lee Family Wraps Up $7.95B Inheritance Tax Payment: Paves Way for Tech Investment Boom

    Samsung’s Lee Family Wraps Up $7.95B Inheritance Tax Payment: Paves Way for Tech Investment Boom

    The family of the late Chairman of the Samsung Group, Lee Kun-hee, is nearing the completion of a sizeable inheritance tax payment. The amount, approximately 12 trillion won ($7.95 billion USD), is expected to be settled later this month.

    Final Installment

    The heirs, including the Chairman’s widow Hong Ra-hee and their children Lee Jae-yong, Lee Boo-jin, and Lee Seo-hyun, will be making the sixth and concluding payment this month. This plan was initiated in 2021 after the Chairman’s passing in 2020.

    Estate Valuation

    Lee Kun-hee’s estate was estimated to be worth around 26 trillion won, comprising stocks, real estate, and art collections. Hong Ra-hee is shouldering the most significant proportion of the tax, around 3.1 trillion won. The children follow closely behind, each paying between 2.4 to 2.9 trillion won.

    Payment Strategies

    The family members navigated the tax payment through various strategies. Hong and her daughters allegedly sold shares in key Samsung affiliates like Samsung Electronics, Samsung SDS, and Samsung C&T. Hong also entered into a trust agreement earlier this year to sell 15 million Samsung Electronics in an apparent move to cover her portion of the tax.

    In contrast, Samsung Electronics Chairman Lee Jae-yong financed his share of the tax through dividends and personal loans. This approach is perceived as an attempt to maintain his influence over the group’s ownership structure, primarily centered on Samsung C&T.

    Investment Plans

    Over the past five years, the family is estimated to have received about 4 trillion won in dividends from affiliates following Lee Kun-hee’s death, and more than 6 trillion won when considering earlier dividends.

    With the tax nearly settled, the group is predicted to channel more investment into sectors like semiconductors, artificial intelligence, and biopharmaceuticals. The completion of the inheritance tax payments is significant as it coincides with improved earnings at Samsung Electronics and the resolution of legal risks.

    Questions & Answers

    What was the total worth of Lee Kun-hee’s estate?
    The estate, which comprised stocks, real estate, and art collections, was estimated to be worth around 26 trillion won.

    How did the Lee family manage to pay off the inheritance tax?
    The family used various strategies to pay the tax. This included selling shares in key Samsung affiliates and gaining dividends. Lee Jae-yong also utilized personal loans.

    What is the expected future investment direction of the Samsung Group?
    With the tax nearly settled, the Samsung Group is expected to increase investment in sectors like semiconductors, artificial intelligence, and biopharmaceuticals.

  • Apple Slashes App Store Commission Fees in China: A Big Win for Developers and Consumers

    Apple Slashes App Store Commission Fees in China: A Big Win for Developers and Consumers

    Apple will decrease the commission fees it collects from App Store transactions in mainland China, marking a substantial victory for Chinese developers. This decision comes in response to the perceived pressure from regulators in the U.S. technology behemoth’s second-largest market.

    Lowered Commission Fees

    Beginning Sunday, the California-based company will reduce fees for in-app purchases and paid transactions to 25%, down from the present 30%, according to a statement on the company’s website. For developers in Apple’s small business and mini apps partner programmes, in-app purchase transaction fees will be decreased to 12% from the current rate of 15%.

    The term ‘mini apps’ denotes smaller applications that function within a larger parent application, such as Tencent’s WeChat.

    Significant Impact for Chinese Developers

    This change is a significant advancement for Chinese app developers, including operators of ‘super apps’ such as Tencent and ByteDance, the owner of TikTok. These platforms offer numerous smaller apps developed by third-party creators.

    The reduction could potentially save Chinese developers more than 6 billion yuan (US$873 million) in annual operating costs. The measure has been presented as a win for Chinese digital consumers.

    Improved Consumer Choices

    The adjustment will enhance consumer choices and information transparency. The premium for digital goods and services within iOS will gradually decrease, and prices for membership subscriptions, game charges, live broadcast tips, mini programs, and other scenarios are predicted to drop, potentially saving consumers up to nearly 1 billion yuan per year.

    Global Scrutiny of Apple Tax

    The 30% ‘Apple Tax’ continues to be a significant target of regulatory scrutiny worldwide. In the U.S., Apple permits users to pay in-app fees using alternative payment methods, while the EU implemented new legislation in 2024 that mandated Apple to reduce commission fees to a range of 10% to 17% for developers.

    In China, Apple has been in discussion with the IT ministry and other departments about reducing their fees.

    World Consumer Rights Day

    The reduced commission fees will take effect on World Consumer Rights Day, a day often marked by Chinese state media spotlighting domestic and foreign companies accused of consumer rights violations. Apple was targeted by this campaign in 2013, when its after-sales service was criticized, compelling the company to issue a public apology.

    Going forward, the Chinese government may require Apple to collect App Store revenues within China, rather than overseas, and increase regulatory oversight of foreign apps published in China.

    Previously, Apple has removed apps such as virtual private networks (VPNs) from its China App Store at the Chinese internet regulators’ request.

    International Developers Also Benefit

    Apple’s fee reduction also extends to international developers whose apps are available on the China App Store. As an example, Duolingo, the highest-grossing education app in China, stands to save a substantial amount of money given its annual revenue from the Chinese market is around US$50 million.

    Questions & Answers

    What is the new commission fee rate for in-app purchases and paid transactions in mainland China?
    The new commission fee rate in mainland China is being reduced to 25% from the previous 30%.

    Who stands to benefit from these reduced commission fees?
    Chinese developers and operators of ‘super apps’ such as Tencent and ByteDance, along with international developers with apps available in the China App Store, will benefit from these reduced commission fees.

    When will the fee reduction take effect?
    The fee reduction will take effect on World Consumer Rights Day, which falls on Sunday.

  • Sony Battles $2.7 Billion UK Lawsuit over Alleged PlayStation Store Monopoly

    Sony Battles $2.7 Billion UK Lawsuit over Alleged PlayStation Store Monopoly

    Sony, the Japanese multinational conglomerate, is currently battling a lawsuit worth nearly £2 billion (approximately US$2.7 billion) in London. The lawsuit alleges that Sony has used its monopoly positioning to inflate prices for digital games. This litigation is one of the latest mass consumer cases to be tried in the United Kingdom.

    Sony is being accused of manipulating its market dominance by making digital games and console add-ons available exclusively through its PlayStation Store. As a result, prices for these digital commodities are allegedly higher compared to their physical counterparts. Sony maintains that it has invested significant resources, time, and billions of dollars into developing an integrated gaming platform that is beneficial to consumers. Sony asserts that their business model, which rivals that of fellow gaming giants Nintendo and Microsoft’s Xbox, is competitive and fair.

    Sony’s legal team has also argued that the profit margin from the sales of games and additional content is reasonable. They state that the lawsuit does not take into account the company’s operating costs and the value of its brand.

    The Ongoing Lawsuit

    This case, which was brought before London’s Competition Appeal Tribunal (CAT) on behalf of nearly 12 million UK residents, is the third of its kind against a major tech company to go to trial since the beginning of 2025.

    Alex Neill, who is spearheading the case, stated that gamers have been overpaying and should be entitled to a monetary reimbursement. Initially, the case was estimated to be worth up to £5 billion, but this has since been scaled down to £1.97 billion.

    According to Robert Palmer, the lawyer representing Neill, Sony is able to set retail prices without any retail competition for digital content, enabling it to earn monopoly profits from digital distribution. However, Sony, which sold 8 million PlayStation 5 consoles between October and December, refutes this claim. The company argues that the lawsuit is essentially advocating for third parties to be permitted to establish a store for the PlayStation and capitalize on Sony’s investments.

    Other Pending Cases

    Apart from this, there are other lawsuits related to app stores that are still pending. Last year, the Competition Appeal Tribunal ruled against Apple over its App Store, a verdict which Apple is currently attempting to appeal.

    Google is also facing a lawsuit, with the trial set to begin in October. Epic Games, the creator of Fortnite and a potential participant in this case, recently withdrew its claim. This development occurred shortly after Google announced comprehensive changes to its Play Store policies.

    Questions & Answers

    What is Sony being accused of in the lawsuit?
    Sony is accused of abusing its dominant market position by making digital games and console add-ons available exclusively through its PlayStation Store, thereby allegedly driving prices higher than their physical counterparts.

    What is Sony’s response to these allegations?
    Sony maintains that it has invested significant resources into developing an integrated gaming platform that benefits consumers in a competitive market. Its legal team also argues that the company’s profit margin on game sales and additional content is reasonable.

    Are there any similar lawsuits against other tech companies?
    Yes, there are other similar lawsuits pending against tech giants like Apple and Google. Last year, the Competition Appeal Tribunal ruled against Apple over its App Store, a decision that Apple is currently seeking to appeal. Google is also set to face a lawsuit in October.

  • Google Photos Upgrade: New Toggle Empowers User Control over Fast or Intelligent Searches

    Google Photos Upgrade: New Toggle Empowers User Control over Fast or Intelligent Searches

    In response to user feedback, Google has announced modifications to the Google Photos app, providing users with greater control over their search results. Users can now opt between the traditional ‘fast search’ function and the more advanced ‘Ask Photos’ results. To facilitate this choice, a new toggle feature has been incorporated into the Google Photos app, allowing users to effortlessly switch between the two options.

    Enhanced Search Options

    Fast Search, also known as ‘Classic Search,’ employs a keyword-based tool, providing users with instant responses. Google cites this search mode as the optimal choice for straightforward inquiries such as “beach 2022” or “cat photos.”

    On the other hand, the ‘Intelligent mode’ or ‘Ask Photos’ utilizes the more advanced Gemini 3 AI models. This makes it a powerful search option, albeit slower than Classic Search, as the models must analyse your entire photo library. This search mode is more suitable for complex queries such as “Show me the day we brought our puppy home” or “What was the name of that street in Manhattan we walked across after the blizzard in New York?”

    Google assures that it will provide results using the search method most suitable for your specific query. However, the new toggle feature allows users to switch views at will, ensuring they receive the desired search results. The Google Photos app, available on both Android and iOS, will soon include this new toggle feature.

    Recognizing the Toggle Feature

    The new toggle feature can be easily identified on the left side of the display, just under the “Back” arrow. When Classic Search is active, the toggle is off and the AI Mode icon (depicted as a magnifying glass with a Gemini spark) appears in white on a gray button. Conversely, when the Ask Photos function is activated, the toggle is white, with the AI Mode icon appearing in blue on a button encased in a blue pill.

    Questions & Answers

    What is the new feature in the Google Photos app?
    Google has introduced a new toggle feature in its Photos app that allows users to switch between ‘Classic Search’ and ‘Ask Photos’ modes.

    How does the ‘Classic Search’ function work in Google Photos?
    ‘Classic Search’ is a keyword-based tool that provides users with instant responses, ideal for straightforward searches.

    What makes the ‘Ask Photos’ function different from ‘Classic Search’?
    The ‘Ask Photos’ function utilizes the Gemini 3 AI models, making it a powerful but slower search option. It’s designed for more complex queries that require an analysis of the entire photo library.

  • Embrace the Modern: Google Maps Unveils Fresh Icon Design on Android and iOS

    Embrace the Modern: Google Maps Unveils Fresh Icon Design on Android and iOS

    Google Maps, one of Google’s most popular apps and a fixture on the first-generation iPhone, has undergone another update. In its pursuit of continual improvement, Google has added new features and refined the app’s user interface over the years. Now, the tech giant has updated the Maps app icon for both Android and iOS versions.

    A Modern Look for Google Maps

    The new icon continues to feature the recognizable “pin” symbol, but its design has been significantly modified. The most prominent change is the color gradient that seamlessly transitions from one shade to another. This is a departure from the previous icon, which showed a diagonally placed “pin” with separate, differently colored boxes (blue, green, yellow, and red). The revamped “pin” is also larger, with the circle within it having increased in size. Consequently, the top ring of the pin has become much thinner.

    If you recall the Google Maps icon on the first iPhone, it depicted two intersecting lines, representing roads, with a red pin and a sign for Highway 280. Subsequently, the icon evolved into a folded map featuring blue, green, yellow, and white blocks, with a red pin to the right and a lowercase “g” in the upper left corner. The Android version of the app icon was similar but replaced the “g” with a capital letter.

    New Icon for Google Maps on iOS or Android

    The new icon should be visible in version 26.09.06.873668274 of Google Maps for Android users and version 26.09.5 for iOS users. If you are yet to see the new design, you may need to update your Google Maps app.

    For Android users, this can be done by opening Google Play Store, tapping on the profile icon in the right corner, selecting “Manage apps & device”, and viewing “details”. You can then scroll down to find Google Maps, and if an update is available, tap on “Update”.

    For iOS users, the process involves opening the App Store, tapping on the profile icon in the right corner, selecting “Updates”, and scrolling down to find Google Maps. If there is an update available, tap on the “Update” button.

    After the update, the new Google Maps icon should be visible on your phone, signifying a more modern-looking Google Maps.

    A Brief History of Google Maps

    For many, Google Maps has been an essential tool since its inception. I first used the app in 2007 on my iPhone. In 2009, I experienced Google Maps with turn-by-turn directions on the Motorola Droid, the first phone equipped with Android 2.0. It felt revolutionary at the time and was one of the key selling points for the Droid and other Android phones. It wasn’t until December 2012 that this feature was finally added to the iPhone.

    Questions & Answers

    What is the most notable change in the new Google Maps icon?
    The new icon features a color gradient, transitioning smoothly from one shade to another. This replaces the previous design of separate, differently colored boxes. The “pin” is also larger, with an enlarged circle inside it, making the top ring of the pin thinner.

    How can I update the Google Maps app to see the new icon?
    For both Android and iOS users, you may need to update the app through Google Play or the App Store. If an update is available, select “Update” and the new icon should appear once the update is complete.

    When was turn-by-turn navigation first introduced in Google Maps?
    Turn-by-turn navigation was first introduced on the Motorola Droid in 2009, which operated on Android 2.0. This feature was later added to the iPhone version of the app in December 2012.