Tencent Investor Prosus Launches $5 Billion Buyback in Bid to Close Value Gap

JOHANNESBURG—Internet conglomerate Prosus NV said Friday it plans to buy back up to $5 billion of its own shares and those of its parent Naspers Ltd. , after losing out on two high-profile acquisitions. It is the latest attempt to narrow a persistent gap between the company’s market value and that of its stake in China’s Tencent Holdings Ltd.

Naspers, a South African newspaper publisher turned technology giant and Africa’s most valuable listed company, has long been struggling to bring its own market capitalization closer to that of its stake in Chinese internet and gaming colossus Tencent. Last year, it created Amsterdam-listed Prosus to hold its international assets—the 31% stake in Tencent, along with investments in tech companies such as Russian social-media operator Mail.ru Group Ltd. and U.S. online marketplace Letgo.

The move initially narrowed the gap, but more recently the valuation differences have grown again. Johannesburg-listed Naspers, which owns

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Yahoo launches its own smartphone for $50

Despite Verizon having an exceptionally prominent presence at Apple’s iPhone event earlier this month, the telecom’s Yahoo division has launched its own phone, the Yahoo Mobile ZTE Blade A3Y.

The phone, announced on Thursday, will come with several Yahoo apps preinstalled, including mail, news, sports, finance and weather. The $50 phone only comes in one color (purple) and has other features such as a 5.45-inch HD display, 32GB of storage and a fingerprint sensor for unlocking the device.

It’s clear that Verizon wants more out of its Yahoo segment than it is currently getting. It’s unclear, though, what the phone offers that couldn’t be obtained using any other Android device or iPhone and downloading Yahoo’s apps from their respective app stores.


Verizon Media CEO

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Kentico Software launches Kentico Xperience 13 and reveals the future of its digital experience platform

Kentico Software’s latest version of its digital experience platform accelerates effective digital communication for businesses worldwide.

BRNO, Czech Republic and BEDFORD, N.H., Oct. 29, 2020 (GLOBE NEWSWIRE) — Today, Kentico Software announced the launch of Kentico Xperience 13, enhancing its digital experience platform for marketers and developers with new features and updates. 

Investing in a future-proof product

This year, Kentico rebranded its well-known Kentico EMS product to Kentico Xperience. The new brand name is inspired by the nature of the product (a digital experience platform), as it combines content management, commerce, and digital marketing capabilities. Together with the rebrand and visual facelift of the product, the company has also turned its attention to its business model with new subscription licensing and the technologies they use. With the latest release, Kentico is one of the very first DXP vendor to switch to ASP.NET Core MVC.

“.NET Core will allow developers

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DMG’s subsidiary Blockseer Launches Bitcoin Mining Pool Focused on Good Governance, Auditability and OFAC Compliance

VANCOUVER, British Columbia, Oct. 29, 2020 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) (“DMG” or the “Company”), a diversified blockchain and technology company, is pleased to announce the launch of a new North America-based Bitcoin mining pool from its USA subsidiary company Blockseer.


  • Blockseer’s new Bitcoin mining pool will be North America’s first bitcoin mining pool that will not only meet, but exceed the US Government’s Office of Foreign Assets Control (OFAC) compliance for BTC addresses, as well as providing the utmost level of transparency, auditability and corporate governance.

  • Blockseer’s pool may further decentralize the bitcoin blockchain, readjusting the balance of hash rate to North America, where more Bitcoin nodes operate.

  • Blockseer’s pool integrates DMG’s existing proprietary crypto forensics data, including Walletscore, to ensure that transaction blocks are OFAC compliant, as well as other risk factors that Walletscore tracks and manages

  • Blockseer’s pool is

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Forum for Women Entrepreneurs Launches The Giustra Foundation Bursary Fund for Women Entrepreneurs to Support Women Business Owners Across Canada

Today, the Forum for Women Entrepreneurs (FWE), in partnership with The Giustra Foundation, announced the creation of a bursary fund, easing access to game-changing mentorship and education for women entrepreneurs across the country who need it most.

The new fund, which will launch with $150,000 over three years through a major donation from The Giustra Foundation, will provide much-needed tuition bursaries for women entrepreneurs to take FWE’s programs. With the goal of ensuring that impactful programming reaches those women entrepreneurs who need it most, the bursary will support women who – due to financial difficulties or belonging to a marginalized group – would otherwise not be able to access FWE’s programs.

These programs include a 4-week Money Moves Program that educates women on the funding landscape; a Mentor Program that connects women with business experts for 12 months of 1:1 mentorship; its foundational E-Series Program that provides deep learning

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TikTok owner ByteDance launches education technology brand Dali for China

By Yingzhi Yang and Brenda Goh

a sign on the side of a building: FILE PHOTO: The logo of Bytedance, which owns short video app TikTok, is seen at its office in Beijing

© Reuters/Thomas Suen
FILE PHOTO: The logo of Bytedance, which owns short video app TikTok, is seen at its office in Beijing

BEIJING (Reuters) – Beijing-based ByteDance announced a standalone education technology (edtech) brand Dali for the Chinese market on Thursday, becoming another major tech player looking to capitalise on the sector’s boom driven by the COVID-19 pandemic.

Dali, meaning “forceful strength” in Chinese, will host all the education business of ByteDance and already has 10,000 employees, Dali Chief Executive Chen Lin told a press conference in Beijing.

ByteDance founder and chief executive Zhang Yiming said in a statement: “We started to develop interests in the education industry very early on. The brand independence of Dali Education is just the beginning of a long journey.”

Demand for education technology grew during the coronavirus pandemic as widespread lockdowns in China and school closures forced students

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Verizon Launches Yahoo-Branded Smartphone for $50

(Credit: Yahoo)

The Yahoo brand is releasing its first-ever smartphone, but don’t expect too much. The $50 product is a re-skinned ZTE handset that now comes in purple. 

The company’s parent, Verizon, is launching the phone to help drive subscribers to the Yahoo-branded mobile phone service, which arrived back in March. 

For $40 a month, the plan gives you unlimited data, talk, and text over Verizon’s 4G network. In addition, subscribers get access to Yahoo Mail Pro, the ad-free version of the email service, which comes with 1,000GB of storage.

Yahoo branded phone(Credit: Yahoo)

Verizon is now filling out the service with a Yahoo-branded phone, which goes on sale today. However, the product appears to be no different from the existing $59 ZTE Blade A3 Prime offered over the Yahoo Mobile site. As far as we can tell, the only difference is the purple casing. 

Verizon has been marketing the new product

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Insta360 Launches New ONE X2 360-Degree Camera

Insta360, known for its line of cameras that are able to capture 360-degree photos and videos, today announced the launch of the next-generation Insta360 ONE X2, a followup to the Insta360 ONE X.

The Insta360 ONE X2 features the same familiar rectangular shape with 360-degree lens, but there are several additions, including a small preview screen that lets you see what the camera sees while also offering touch gestures.

The ONE X2 captures 5.7K 360-degree video, there’s a larger 1630mAh battery, four microphones for better voice capture, and IPX8 waterproofing, so it can be used for capturing underwater content.

There are multiple shooting modes, including 360, Steady Cam for making flat videos, InstaPano for creating panoramas, and MultiView for displaying two angles at once. 360-degree video can also be edited using the Insta360 iPhone app to pull out the most interesting parts of videos.

FlowState stabilization is designed to keep

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SAIC Launches R3 Solution Suite to Help Government Agencies Respond to New Demands Presented by the COVID-19 Pandemic

Company announces portfolio of six solutions to help customers Respond, Recover, and Restructure in light of new work methods and requirements

Science Applications International Corp. (NYSE: SAIC) today announced the availability of the SAIC R3 portfolio of solutions designed to help federal government customers meet new work challenges and opportunities related to remote work, resiliency, and digital government services resulting from the COVID-19 pandemic.

The SAIC R3 solutions – available now – are designed to help the government Respond, Recover, and Restructure by addressing the life cycle of challenges that organizations now face. The solutions can help agencies create intelligent and resilient workplaces of the future; seamlessly and securely enable remote workers; rapidly apply digital technology to overcome legacy constraints; quickly deploy mobile emergency operations to ensure continuity: build reliable supply chains and improve logistics to address critical needs; and focus on their most important assets – their people.


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JPMorgan launches blockchain division called Onyx after a big tech client adopts its cryptocurrency for commercial use | Currency News | Financial and Business News

  • JPMorgan has launched Onyx, a new business division for its blockchain projects, after its digital token was adopted for commercial use by a big technology client for the first time this week, CNBC reported.
  • A JPMorgan spokesperson confirmed the report.
  • JPM Coin is now being used for round-the-clock global payments by a “large technology client,” the bank’s global head of wholesale payments told CNBC. The client was not named.
  • “We are launching Onyx because we believe we are shifting to a period of commercialization of those technologies, moving from research and development to something that can become a real business,” Takis Georgakopoulos said in a CNBC interview.
  • Visit Business Insider’s homepage for more stories.

JPMorgan has launched a new business division dedicated to blockchain technology, called Onyx, after the bank’s own digital currency was adopted for commercial use this week, CNBC reported on Tuesday.

A JPMorgan spokesperson

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