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Tag: files

  • Shein files for Hong Kong IPO to pressure London’s listing regulators

    Shein files for Hong Kong IPO to pressure London’s listing regulators

    Fast-fashion retailer, Shein, founded in China, has reportedly submitted an application for an initial public offering (IPO) in Hong Kong. This move has been interpreted as a strategic effort to expedite their listing process and to put pressure on the UK’s regulatory bodies to greenlight their proposed debut on the London Stock Exchange.

    Striving for Regulatory Approval

    Shein allegedly filed a preliminary prospectus privately with the Hong Kong exchange last week. It was also reported that they sought approval from the China Securities Regulatory Commission (CSRC). However, these reports have not been independently confirmed.

    The company’s attempts to list in Hong Kong are seen as a strategy to coax the UK regulator into relaxing its risk disclosure regulations. This is crucial for Shein as it keeps the possibility of what could be London’s most significant IPO in years, alive.

    Previous Attempts for Listing

    In June, it was reported that Shein had plans to file a draft prospectus confidentially for its Hong Kong listing. This followed reports from May suggesting that the retailer was moving towards a Hong Kong listing after failing to secure approval from Chinese regulators for a proposed London IPO.

    According to reports, the UK’s Financial Conduct Authority might still be Shein’s preferred exchange if it is willing to accept a CSRC-approved prospectus. However, the possibility of this happening appears to be slim due to a significant discrepancy in the requirements of the respective regulators.

    Questions & Answers

    Why is Shein filing an IPO in Hong Kong?
    Shein has filed for an IPO in Hong Kong as part of a strategic move to expedite their listing process and to pressure the UK’s regulatory bodies into approving its planned debut on the London Stock Exchange.

    What is the significance of the UK’s Financial Conduct Authority in Shein’s IPO?
    The UK’s Financial Conduct Authority could still be Shein’s preferred exchange if it accepts a CSRC-approved prospectus. However, it has been reported that the likelihood of this happening is low due to differing regulatory requirements.

    What were Shein’s previous attempts for listing?
    Previously, Shein had planned to file a draft prospectus confidentially for its Hong Kong listing. This was after its proposed London IPO failed to secure approval from Chinese regulators.

  • The Files by Google app is about to become smarter

    The Files by Google app is about to become smarter

    Google is reportedly working on a new feature for its Android Files app called Smart Search, which will automatically identify and highlight important documents. This could make it easier for users to find the files they need, such as contracts, tax documents, or medical records.
    Smart Search, not to be confused with Smart Storage which helps you save space on your device by deleting media that has already been backed up to Google Photos, is meant for files in the Documents folder of the Files app. It will use machine learning to identify important documents based on a variety of factors, including their content, file type, and creation date. Once a document has been identified as important, it will be highlighted in the Files app so that users can easily find it

    This was originally found and reported by @AssembleDebug on X, who was able to enable the feature via a flag. While testing, the leaker found that the feature will automatically and periodically scan and index your documents and images using something akin to OCR (Optical Character Recognition) to identify text within those files. Additionally, as the name implies, search will be available to find the related text and document in which it is contained.

    In addition to highlighting important documents, Smart Search can also suggest related documents. For example, if a user opens a contract, Smart Search might suggest other contracts that the user has saved. This could help users to stay organized and find the documents they need more quickly.
    Smart Search is still in development, but it is believed that it will be released in a future update to the Files app. It is a new and innovative feature that could make the Files app even more useful, especially when an important detail in a document is needed right away.
  • Apple raises iCloud+ prices

    Apple raises iCloud+ prices

    Backing up your photos, videos, and important documents to the cloud is super handy. It keeps everything safe, even if your phone gets stolen or breaks. But, of course, this convenience comes at a price.For many Apple product users, iCloud+ is a familiar and widely used cloud storage service. Recently, Apple has raised the prices of its cloud storage in the UK and several other countries. The prices have increased by approximately 25%. iCloud+ offers additional features such as more storage space, a custom email domain, and HomeKit Secure Video, which are not available in the free version.

    When you create your Apple ID for the first time, Apple provides you with 5GB of free storage on iCloud. If you require more space, you can upgrade by choosing one of the iCloud+ subscription plans. Until recently, the prices in the UK were £0.79 per month for 50GB, £2.49 per month for 200GB, and £6.99 per month for 2TB.

    With the new pricing, these subscription plans have become slightly more expensive, now costing £0.99 per month, £2.99 per month, and £8.99 per month, respectively. The price increase affects not only iCloud+ users in the UK but also those in Poland, Romania, Turkey, Sweden, the Arab Emirates, and other countries. However, for now, the price for the service remains the same in the US.
    The higher prices without any additional storage upgrades may not be appealing to users, especially considering the availability of alternatives. There are numerous other cloud services to explore, such as Google Drive, which offers 15GB of free storage upon registering a Google account, as well as Dropbox and Microsoft’s OneDrive cloud storage.
    You can even make your own iCloud alternative using a network-attached storage (NAS) device – read our guide on how to make your cloud backup service for more details.
    Apple gave iCloud.com a fresh makeover last year, giving it a more modern and user-friendly look. However, redesigning the website might not be sufficient in a highly competitive market.
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  • Google Drive is restricting users’ files by mistake, Google AI strikes again

    Google Drive is restricting users’ files by mistake, Google AI strikes again

    A little over a week ago, Google announced a new Google Drive policy. It stated that the tech giant would start to actively search for files breaching its abuse program policies and/or Terms of Service and locking the ones that do.

    Simply put, if such a file was found and restricted, the owner wouldn’t be able to send it to others, and all access to the file, except that of the owner, would be revoked. Google stated that this change had the aim to control the spreading of malware, hate speech, explicit content, etc.

    That said, complaints about Google Drive locking files that were neither of those things started piling up recently. From the looks of it, it seems that the AI system in charge of sifting through which files should be deemed dangerous is acting up and failing to do its job properly. Algorithms—the ultimate example of a double-edged sword.

    There are even examples of .txt files containing a single number inside that are falsely marked as inappropriate. One of the best examples comes from a Michigan State University assistant professor Dr. Emily Dolson.

    Dr. Dolson was uploading a large set of files to Google Drive while preparing to send her students’ programming assignments. The files consisted of the “inputs and the expected outputs” of said cases. “Shortly after uploading them,” she explains ”I received a string of emails from Google indicating that those files had been flagged for copyright infringement.”

    Now, in its announcement of this new policy, Google has stated that in situations such as the one with Dr. Dolson, the user should “receive an email with details and potential actions they can take to request a review.” Unfortunately, however, that did not happen in her case.

    After posting her issue on Twitter, a Google engineer going by Misha Brukman replied to Dolson, assuring her that they are working on a solution.

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  • Goldman Sachs Asset Management Files for Crypto-Linked ETF

    Goldman Sachs Asset Management Files for Crypto-Linked ETF

    Goldman Sachs continues ramping up its crypto-related efforts with the latest filing for an exchange-traded fund that will track related companies.

    Goldman Sachs’s asset management unit filed for an application with the U.S. Securities and Exchange Commission to offer an exchange-traded fund (ETF) focused on crypto-related companies.

    The Goldman Sachs Innovate DeFi and Blockchain Equity ETF will track the Solactive Decentralized Finance and Blockchain Index, according to the filing which is seeking approval as soon as practicable after the effective date of the Registration Statement».

    Goldman Sachs has been increasingly expanding its cryptocurrency offering in recent months.

    The bank reportedly restarted its crypto trading desk in March to deal bitcoin futures and non-deliverable forwards to support clients like hedge funds. And in June, it also announced plans to offer options and futures trading in ether – the second-largest cryptocurrency behind bitcoin.

    Goldman Sachs is not the lone Wall Street giant eyeing crypto opportunities with U.S. rivals J.P. Morgan recently opening access for its wealth clients to five related funds and BNY Mellon joining a crypto consortium that includes State Street and six unnamed banks.

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  • Microsoft’s Your Phone app possibly getting Drag and Drop

    Microsoft’s Your Phone app possibly getting Drag and Drop

    Microsoft’s Your Phone app has been growing in popularity over the past several years. The app offers a link between your Windows 10 PC and your Android smartphone (requires a phone with Android 7 or newer), providing useful features for managing your phone.

    Recently, Microsoft added support for RCS messaging for selected Samsung smartphones. Now, a Tweet by Aggiornamenti Lumia suggests that a new feature may be coming soon: Drag And Drop from your PC to your smartphone.

    We do not know whether the rumored Drag and Drop feature will be officially released or when, and whether it will be exclusive to selected Samsung devices.

    Other features of the Your Phone app include reading and sending text messages from your PC, as well as managing your notifications and calls. The functionalities available only for select Samsung devices are Content Transfer (copy and paste between PC and Android phone) and Phone Screen, which allows you to interact with Android apps and phone content while visualizing your smartphone’s screen on your PC.

    You can find whether your phone is supported on Microsoft’s Your Phone app help page which offers a list of supported phones for every referenced app function.

  • Cross-brand file sharing feature announced by three phone manufacturers

    Cross-brand file sharing feature announced by three phone manufacturers

    As many Apple iPhone users know, AirDrop is a feature that allows them to share photos, videos and documents with nearby Apple devices without requiring an internet connection. This is achieved using Bluetooth and Wi-Fi connectivity. A WeChat post published today by Xiaomi reveals that three Chinese phone manufacturers are teaming up to provide their customers with wireless peer-to-peer file sharing across the different brands.

    This new feature will apparently use Bluetooth to pair the devices, creating a peer-to-peer Wi-Fi network just like AirDrop does, and transfer files at speeds up to 20Mbps. Xiaomi says that other smartphone manufacturers are welcome to join the trio. By the end of this month, a beta version of the new file-sharing protocol is expected to be rolled out. According to Counterpoint Research, Vivo, Oppo, and Xiaomi made up 49% of the domestic phone market during the first quarter. Adding some additional manufacturers, especially Huawei, would allow the vast majority of handsets in the country to share files without the use of internet connectivity. There is no indication whether Huawei or other Chinese companies are or aren’t interested in joining the original trio.

    Google itself has had a feature since 2011’s Ice Cream Sandwich called Android Beam that uses NFC to share “photos, videos, contact information, links to webpages, navigation directions, YouTube URLs, and more” by tapping two devices together. But Android Beam is being phased out in Android Q, replaced by a Google Play Services feature called Fast Share. This will be similar to Apple’s AirDrop thanks to the use of Bluetooth. Android Q users will be able to share files, images, URLs and small parts of text messages even without an internet connection.

    The Files by Google app, available in the Google Play Store, uses Bluetooth to allow Android devices with the app installed to share files at speeds as fast as 480Mbps. Encryption is employed to protect the privacy of those using the app.

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