Samsung Pay launched in China to compete with rival Apple Pay and Huawei Pay; Myntra is in talks to manage the local retail chain of Forever 21
What the world is talking about
China’s top three web browsers made user data vulnerable, says report
China’s top three Web browsers collected and transmitted data in insecure ways, making hundreds of millions of users’ personal information vulnerable to unauthorized access, according to a report by a Canada-based human rights research group. The University of Toronto’s Citizen Lab said in a report that Tencent Holdings Ltd’s QQ Browser had been transmitting users’ data to its servers either with weak encryption or without encryption. This report followed two others by Citizen Lab that alleged similar alleged flaws in UC and Baidu browsers, owned by Alibaba Group Holding Ltd and Baidu Inc., respectively. There have been no reports of actual cyberattacks though. Read more
NYT may make it harder to use Facebook and Twitter to jump its paywall
The New York Times, which has one million digital subscribers, has started restricting some Facebook users’ access to the site to 10 articles a month. Read more
Augmented reality start-up Daqri acquires hologram maker to take on Microsoft HoloLens
Daqri, a little-known startup that makes a remarkably capable helmet with a visor that projects digital information onto the real world, has big ambitions: It wants to put augmented reality everywhere and take on the likes of HoloLens from Microsoft and Magic Leap.
Samsung Pay launches in China, competes with Apple
After much hype, Samsung Pay has launched in China where it will compete with rival services such as Apple Pay and Huawei Pay.
Indian start-ups counting on rural reach to boost e-commerce
Analysts estimate that the next 100 million people who will participate in e-commerce will be from India’s smaller towns.
Why Saama sold its Snapdeal stake
Last November Saama’s co-founder Ash Lilani did the unthinkable by selling his firm’s stake in Snapdeal. As summer turns to winter in India’s start-up market, the decision may have been perfectly timed.
Flipkart, Snapdeal founders trade barbs over Alibaba’s India entry