Aug 28, 2017 - Sequoia may look to exit Pine Labs

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Sree Vijaykumar From the Editor's Desk The internet's global expansion is entering a new phase, and it looks decidedly unlike the last one. Instead of typing searches and emails, a wave of newcomers - "the next billion," the tech industry calls them - is avoiding text, using voice activation and communicating with images. They are a swath of the world's less-educated, online for the first time thanks to low-end smartphones, cheap data plans and intuitive apps that let them navigate despite poor literacy. Incumbent tech companies are finding they must rethink their products for these newcomers and face local competitors that have been quicker to figure them out. A look at Megh Singh's smartphone suggests how the next billion might determine a new set of winners and losers in tech. Mr. Singh, 36, balances suitcases on his head in New Delhi, earning less than $8 a day as a porter in one of India's biggest railway stations. He isn't comfortable reading or using a keyboard. That doesn't stop him from checking train schedules, messaging family and downloading movies. Mr. Singh squats under the station stairwell, whispering into his phone using speech recognition on the station's free Wi-Fi. It is a simple affair, a Sony Corp. model with 4GB of storage. On his screen are some of the world's most popular apps - Google's search, Facebook Inc.'s WhatsApp - but also many that are unfamiliar in the developed world, including UC Browser, MX Player and SHAREit, that have been tailored for slow connections and skimpy data storage. Continued here. Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy Advertisers of the day Standard Chartered Bank (Personal Loans): Your dream holiday is now closer than ever On behalf of SAP India: Identify the perfect SAP solution for your business in 3 easy steps shivkhera: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Sequoia may look to exit Pine Labs Venture capital firm looking at $1-b valuation; Pine Labs also plans to raise $100 million. Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. 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Brand licensing industry sees opportunity for growth in India Mumbai, August 27 (IANS): The brand licensing industry, now in its “nascent stage” in India, is set to grow manifold in the foreseeable future with rising brand consciousness among consumers and higher penetration of modern retail and e-commerce, industry experts said.   “The owners of intellectual properties (IPs), including major cartoon, entertainment and corporate brands, … Procter Gamble Hygiene and Health Care Q4FY17 standalone net profit declines 28.7% yoy Company reported net profit of Rs.432.7 crore, up 2% yoy Jatia colluded with McDonald's to grab my business: Vikram Bakshi According to Bakshi, McDonald's with which he is fighting a bitter legal battle, has favoured Westlife, despite CPRL having been a better performer in terms of net profit. 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