Facebook in talks about partnering with Indonesia’s home-grown e-payment platforms
Social media company Facebook is in talks with local e-payment platforms to team up in proving financial services in Indonesia’s growing digital payment market, according to a report by The Jakarta Post.
“We are in conversations with partners in Indonesia. However the discussions are ongoing,” an Indonesia-based Facebook spokesperson told The Jakarta Post on Thursday without providing more information.
The number of digital consumers in Indonesia has grown sharply in recent years.The number reached 102 million in 2018, or 53 per cent of the country’s population, rising sharply from 64 million or 34 per cent of the total population in 2017, according to a recent study from Facebook in collaboration with Bain & Company.
Indian news aggregator Dailyhunt rakes in US$23.5M led by Bytedance
Bengaluru-India based news aggregator platform Dailyhunt has raked in US$23.5 million in a Series G financing round led by Bytedance, according to Moneycontrol.
This brings Dailyhunt’s valuation to US$542.8 million.
Existing investors include Falcon Edge, Goldman Sachs, and Advent Management also invested in the round.
Dailyhunt is an online platform, which provides bite-sized news, information and magazines in 14 different languages, claims to have over 51 million daily users and a presence in over 400 districts locally.
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“The coronavirus has helped Dailyhunt. They have been able to touch user numbers which they have been trying to reach for over a year now,” a spokesperson of Dailyhunt told Moneycontrol.
Orbo.ai buys Gemia, an American photo enhancement software company
India’s deep facial technology company Orbo.ai has acquired Gemia, an American photo enhancement software company, to further enhance its platform, according to Inc42.
The company, however, did not disclose the transaction amount.
Gemia will help Orbo.ai to enhance its product and to accelerate its media and entertainment segment. However, Orbo.ai will continue to offer services provided by the American company.
Orbo.ai’s clients include Intel, Cisco, GE Healthcare, Samsung, TCS, KPMG and DataMatics. The company is reportedly planning to explore newer avenues like bringing research-based vision products on their hardware.
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