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Posts tagged as “business”

Jollibee to acquire Tim Ho Wan for ₱892.29M

November 6, 2024

Jollibee Foods Corp. (JFC) to acquire full ownership and control of Tim Ho Wan, a Hong Kong-based dim sum restaurant.

In an article on BusinessWorld, the deal to acquire Tim Ho Wan is worth S$20.2 million or around ₱892.29 million, which is only for the remaining 8% participating interest held by the other investors in Tim Ho Wan (Titan Dining LP).

Before this transaction, Jollibee Worldwide Pte. Ltd. (JWPL), already owns 92% participating interest in Titan Dining LP, since January 2024.

Once done, the ownership and management of Tim Ho Wan (Titan Dining LP) will transfer to Jollibee Worldwide Pte. Ltd. (JWPL), the fast-food operator said in a statement to the stock exchange on Tuesday. Jollibee Worldwide Pte. Ltd. is a subsidiary of Jollibee Foods Corp. (JFC).

Orignated in Hong Kong, Tim Ho Wan, has around 80 stores across 11 countries and will be the Jollibee group’s flagship brand for high-end Chinese cuisine market.

Aside from Tim Ho Wan, Jollibee Foods Corps, also have other Chinese-Style Resto brands under its umbrella like Chow King, Panda Express, Hong Zhuang Yuan and Yonghe King.

Converge announces Netflix and Fiber X bundle

October 10, 2024

Converge, one of Philippines leading ISP, announced “the new Converge Netflix Bundle, where new and existing FiberX customers will be able to have both an internet and Netflix plan, all in one. The new offering aims to provide countless entertainment options and a better streaming experience for FiberX users.”

The new Converge Netflix Bundle will include a FiberX plan that offers 325 Mbps speeds, a Netflix subscription with a lock-in period of 36 months, a new WiFi-6 Next Gen Modem, and a Converge Xperience Box with Freemium Channels — all put together into one subscription for the convenience of the customer.

The new Converge Netflix Bundle starts at Php 1,798 per month, inclusive of a Converge FiberX plan with boosted speeds of 325 Mbps, a WiFi6 modem, a Converge Xperience Box, and a Basic Netflix subscription that can support one HD stream at a time. Customers can avail of more premium bundles that can support multiple devices streaming at the same time and can offer additional Boost Modes with speeds of up to 200 Mbps. For existing subscribers, the Converge Netflix Bundle is available as an exclusive add-on starting at Php 298 per month.

Qualcomm Approached Intel About a Takeover in Recent Days   

September 22, 2024

Lauren Thomas, Laura Cooper and Asa Fitch, reporting for WSJ;

Chip giant Qualcomm made a takeover approach to rival Intel in recent days, according to people familiar with the matter, in what would be one of the largest and most consequential deals in recent years.

A deal for Intel, which has a market value of roughly $90 billion, would come as the chip maker has been suffering through one of the most significant crises in its five-decade history.

This is big in so many different levels!

In a report by NY Times, “Qualcomm has not yet made an official offer for Intel.”

Tupperware files for bankruptcy as its colorful containers lose relevance   

September 19, 2024

Rappler;

Tupperware Brands Corp. and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, September 17, giving in to dwindling demand for its once-iconic food storage containers and mounting financial losses.

The company’s struggles resumed after a short-lived pandemic boost, when increased home cooking briefly drove demand for its colorful, airtight plastic containers. A post-pandemic jump in costs of raw materials such as plastic resin, as well as labor and freight, further dented Tupperware margins.

I can still remember those all those sales agents that goes to our house trying to sell us different sets of Tupperware.

You can read the official statement from Tupperware here.

Maya to let Grab users loan up to P30k   

September 16, 2024

Benise Balaoing, writing for ABS-CBN News;

Maya is partnering with Grab to give users of the ride-hailing and food delivery app access to loans up to P30,000.
….
Aside from this, Grab users can now use Maya Easy Credit to top up their Maya Wallet and easily pay for Grab rides or food deliveries.

It’s interesting that Grab is partnering with Maya to offer loans to its users, even though Grab a offers similar finance service/features called Grab Pay, and it competes with Maya in some markets.

NNIC takes over NAIA, hits the ground running   

September 16, 2024

San Miguel Corp;

The New NAIA Infra Corp. (NNIC) has officially taken over management and operation of the Ninoy Aquino International Airport (NAIA) and with it, the task of modernizing the 76-year-old gateway.

NNIC, the consortium that includes San Miguel Corporation (SMC) and Incheon International Airport Corporation, has committed to spend P170 billion to execute its phased but ambitious plan to elevate NAIA to world-class standards. This includes plans to increase passenger capacity from 43 million to 62 million annually and air traffic movements from 42 to 48 per hour.

The government stands to gain about P1 trillion in revenues from the PPP project over the 25-year concession period. This includes the 82.16-percent revenue share to be remitted to the government yearly.

Travelers can expect business as usual, with flights, check-ins, and other services proceeding as normal. The plans for NAIA’s modernization, including terminal reassignments and infrastructure upgrades, will be implemented gradually and strategically in the coming months and years.

NNIC has assured the public that the transition will be seamless, with no disruptions to airport operations.

The things that SMC listed for the Immediate Improvements are things that are supposedly being done by the previous management.

Filipinos can now ride self-driving bus in Clark for free   

September 12, 2024

Kris Crismundo, writing for PNA;

The country’s first autonomous bus powered by Japanese technology is now plying around New Clark City, Clark Freeport Zone, and Clark International Airport, and commuters can ride the self-driving vehicle free of charge for now.

In a statement Tuesday, the Bases Conversion and Development Authority (BCDA) said Zenmov, Inc. and MC Metro Transport Operation, Inc. launched its smart autonomous bus service in New Clark City on Sept. 10.

Bases Conversion and Development Authority (BCDA) posted this announcement on their official Facebook Page;

SNEAK PEEK: Former #BCDA Chairman Delfin Lorenzana tests the Philippines’ first publicly accessible, self-driving bus in New Clark City, Tarlac.

Being implemented by Japan-based Zenmov and its local partner MC Metro Transport, the autonomous bus service utilizes a transportation cloud system called Smart Mobility Operation Cloud (SMOC), which helps maximize operational availability while keeping the number of vehicles at a minimum.

Japan’s national research and development agency, New Energy and Industrial Technology Development Organization (NEDO), had appointed Zenmov to implement the smart mobility demonstration program to be conducted until June 2025.

TAPE’s noon time show is now called “Tahanang Pinakamasaya”

January 6, 2024

In the wake of the Marikina City Regional Trial Court (RTC) Branch 273 ruling, Television and Production Exponents (TAPE) Inc. has now changed the name of it’s noontime show to “Tahanang Pinakamasaya.”

Lead by Paolo Contis and Isko Moreno, the show’s Jan 6 episode started by acknowledging the court decision and that the production company (TAPE inc.) and network (GMA) would follow court’s ruling even though TAPE plans to file an appeal.

TVJ on the other hand, started their show by singing the “Eat Bulaga” theme song while wearing red t-shirt with the show’s name on,

TVJ, meanwhile, celebrated their victory by singing the “Eat Bulaga” theme song while wearing t-shirts that bore the show’s name on today’s episode of their noontime show on TV5.

“Eto ang totoo. Eto ang tinadhana. Eto ang tunay na ‘Eat Bulaga,'” said Vic Sotto before they officially start the show.

TAPE changing the name of their noontime show to “Tahanang Pinakamasaya” will give everyone in the company including the show’s hosts a fresh start and at the same time removing the elephant in the room of using the Eat Bulaga name.

TVJ wins trademark ownership of the “Eat Bulaga” against Television and Production Exponents (TAPE) Inc.

January 5, 2024

In a video posted on different social media platform, Tito Sotto, Vic Sotto, and Joey de Leon announced that the trio won the legal battle against the Television and Production Exponents (TAPE) Inc. over the trademark ownership of the “Eat Bulaga” name.

Tito Sotto, who is reading the dispositive portion of the ruling, explained that Marikina City Regional Trial Court (RTC) Branch 273 has ruled in favor of the trio regarding the copyright infringement and unfair competition case they had filed against the company back in June last year.

Here’s text of what Tito Sotto read from the ruling;

Wherefore, judgment is hereby rendered in favor of the plaintiffs (TVJ) against the defendants (TAPE and GMA Network)

Permanently enjoining defendants Television and Production Exponents (TAPE) Inc. and GMA Network Inc. from;
1 – Using the trademarks “EB” and “Eat bulaga”, including all the logos associated with the subject parts in its shows, programs, projects or promotions.
2 – Using the EAT BULAGA jingles/ song or any part thereof in its shows, programs, projects or promotions.
3 – Airing and broadcasting a playback of any and all recorded episodes of the EAT BULAGA show prior to 31st May 2023, its segment or any portion thereof in all channels and platforms.

Here the full video of TVJ’s announcement;

The ruling comes after the Intellectual Property Office of the Philippines (IPOPHL) cancels that trademarks registration of TAPE Inc. for ‘Eat Bulaga’ and ‘EB’.

In an article published on GMA News website, TAPE counsel Atty. Maggie Garduque commented on ruling;

“Yes, I already saw the decision dated Dec 22, 2023 but released by the court this January.”

“Initial reaction, among others, we were surprised that the court ruled on trademark and trademark infringement when the case pending in court is copyright infringement. We will definitely file an appeal to this decision,” Garduque said.

“There is nothing in the decision which states that since there is injunction issued to tape, TVJ can now use the trademark EB and Eat Bulaga especially that the trademark ownership is still under appeal before the IPO,” he added.

Amazon partners with Hyundai to Sell Cars Online with Alexa built-in and AWS

November 19, 2023

Amazon just announced that it has entered a broad strategic partnership with Hyundai Motor Company. The partnership will allow Hyundai auto dealers to sell the automaker’s vehicles online in Amazon’s U.S. store in 2024. Then there’s the AWS part, since Hyundai has selected Amazon Web Services (AWS) as its preferred cloud provider to accelerate its digital transformation. In connection to the selling cars on Amazon, starting 2025, Alexa will be built-in to Hyundai’s next-generation vehicles.

You can read the full text of Amazon and Hyundai’s announcement below;

As shared by Amazon CEO Andy Jassy, Amazon and Hyundai Motor Company have announced a broad strategic partnership.

“Hyundai is a very innovative company that shares Amazon’s passion for trying to make customers’ lives better and easier every day,” said Amazon CEO Andy Jassy. “Our broad, strategic partnership should do just that, from changing the ease with which customers can buy vehicles online to making it simple to use Alexa in Hyundai vehicles for entertainment, shopping, smart home adjustments, and calendar checks to enabling Hyundai to transform their customer experiences and business operations by moving to AWS. We look forward to inventing together for many years.”

José Muñoz, global chief operating officer for Hyundai and president and CEO of Hyundai and Genesis Motor North America, and Marty Mallick, Amazon’s vice president for Worldwide Business and Corporate Development, revealed three key pieces of the announcement at the Los Angeles Auto Show.

Here are three key pieces to know about this announcement.

1. In 2024, auto dealers for the first time will be able to sell vehicles in Amazon’s U.S. store, and Hyundai will be the first brand available for customers to purchase.
This new digital shopping experience will make it easy for customers to purchase a new car online, and then pick it up or have it delivered by their local dealership at a time that works best for them. Customers will be able to search on Amazon for available vehicles in their area based on a range of preferences, including model, trim, color, and features; choose their preferred car; and then check out online with their chosen payment and financing options—all within the Amazon experience they already know and trust. This new shopping experience will create another way for dealers to build awareness of their selection and offer convenience to their customers.

2. Hyundai has selected Amazon Web Services (AWS) as its preferred cloud provider to accelerate its digital transformation using broad and industry-leading AWS capabilities—from compute, storage, database, and analytics to artificial intelligence (generative AI) and Internet of Things (IoT).
As part of a new multiyear agreement, Hyundai will become a more data-driven organization with a cloud-first technology strategy, migrating its current on-premises applications—which support everything across research, product engineering, and customer engagement—to AWS. Hyundai will prioritize business cases like manufacturing and supply chain to help optimize production and minimize costs, security, and disaster recovery for resiliency, and connected vehicle development to bring new features to drivers around the globe. In addition, AWS and Hyundai designed and implemented a Master Builder training and certification program to train Hyundai engineers in critical cloud skills.

3. Next-generation Hyundai vehicles will be even more responsive and interactive with Alexa Built-in.
Starting in 2025, customers who purchase Hyundai’s next-generation vehicles will be able to access the hands-free Alexa experience they have at home, while in their car. Hyundai drivers will be able to ask Alexa to play music, podcasts, or audiobooks; set reminders; update to-do lists; and check calendars. Customers will also be able to control their smart home from the road, such as asking to warm up the house on their way home, double-checking doors are locked, and managing smart lighting and Alexa routines. Drivers will also be able to ask Alexa for up-to-date traffic updates or weather reports, and use voice-control with the in-vehicle media player or navigation system—with certain Alexa features accessible even when internet connectivity is intermittent or unavailable.

“We’re excited to be working with Hyundai—the third-largest carmaker in the world and a leading innovator in the industry,” said Mallick during the onstage press conference in LA. “Together, we will provide customers with more of the buying experiences they want—and support dealers with an efficient and effective selling platform.”

“This is a transformational journey we are on together, and we look forward to a very productive long-term relationship with Amazon,” said Muñoz.

Intel Announces 14th Gen Core Desktop Processors

October 17, 2023

Intel has officially announced the launch of its 14th Generation Core desktop processors. The new lineup, based on the refreshed Raptor Lake architecture, includes the Core i9-14900K/KF, the Core i7-14700K/KF, and the Core i5-14600K/KF2.

The 14th Gen Core desktop processors come in a variety of configurations, delivering up to 24 cores and 32 threads and up to 6 GHz of frequency right out of the box. The top-of-the-line Core i9-14900K processor has a boost frequency of up to6 GHz speeds, making it the fastest desktop processor from Intel to date.

In addition to the performance improvements, the 14th Gen Core desktop processors also include a number of new features, such as support for DDR5 5600 and DDR4 3200 memory speeds. The processors also feature Intel’s new Thread Director technology, which intelligently allocates workloads to the right cores at the right time.

The new 14th gen chips will feature integrated support for Wi-Fi 6/6E and Bluetooth 5.3, as well as discrete support for Wi-Fi 7 and Bluetooth 5.42. There is also support for Thunderbolt 4 as well as upcoming Thunderbolt 5 wired connectivity – supporting up to 80 Gbps of bi-directional bandwidth.

Intel Core 14th Gen desktop processors will be available at retail outlets and via OEM partner systems starting Oct. 17, 2023. They will be compatible with existing 600/700-series motherboards.

Pricing for the new Intel Core 14th Gen desktop processors will be the same as the previous generations, Core i9-14900K at $589, Core i7-1700K at $409, and the Core i5-14600K for $319.

Microsoft acquires Activision Blizzard for $68.7 billion

October 15, 2023

Microsoft has officially acquire Activision Blizzard for $68.7 billion, the deal has now been finalized after a lengthy regulatory review. The announcement was made by both company and published official statement on their respective website. Bobby Kotick will continue to serve as CEO of Activision Blizzard, and he and his team will maintain their focus on driving efforts to further strengthen the company’s culture and accelerate business growth. Once the deal closes, the Activision Blizzard business will report to Phil Spencer, CEO, Microsoft Gaming and will be part of Microsoft’s Xbox Team.

Activision Blizzard is one of the largest and most successful video game companies in the world. It is the publisher of popular franchises such as Call of Duty, World of Warcraft, Candy Crush, and Diablo. Microsoft is already a major player in the gaming industry with its Xbox console and Xbox Game Pass subscription service. However, the acquisition of Activision Blizzard gives Microsoft a significant boost in market share and makes it the third-largest gaming company in the world, behind Tencent and Sony.

When the deal was first announced, it faced regulatory pushback and was delayed due to concerns about competition in the cloud gaming market. To address these concerns, Microsoft made several concessions, including giving consumers in the European Economic Area free licenses to stream their Activision Blizzard games. Microsoft also signed agreements with console rivals Nintendo and Sony, promising them access to Call of Duty games for 10 years.

The UK’s Competition and Markets Authority (CMA) was the last regulator to approve the deal. The CMA stated that the concessions made by Microsoft were a “game-changer” that would allow for competitive prices and better services.

Microsoft Gaming CEO Phil Spencer and Activision Blizzard CEO Bobby Kotick, write a letter/email to announced the acquisition.

Delivery Hero to sell FoodPanda Business in South East Asia

September 25, 2023

On September 20, 2023, Delivery Hero, the parent company of Foodpanda, announced that it was in talks to sell its Foodpanda business in Southeast Asia. The move comes as Delivery Hero is facing increasing competition from other online food delivery platforms in the region, such as Grab and Gojek.

The potential sale of Foodpanda is significant, as the company is one of the leading online food delivery platforms in Southeast Asia. Foodpanda operates in eleven Southeast Asian countries, including Bangladesh, Cambodia, Hong Kong, Laos, Malaysia, Myanmar, Pakistan, Philippines, Singapore, Taiwan and Thailand. The company has over 10 million users and over 60,000 restaurants on its platform.

The potential buyer of Foodpanda is reportedly Grab, the Singapore-based ride-hailing and super-app. Grab is already the leading ride-hailing platform in Southeast Asia, and it is also expanding into other verticals, such as food delivery, payments, and financial services.

The sale of Foodpanda would create a dominant player in the Southeast Asian online food delivery market. Grab would have access to Foodpanda’s large customer base and network of restaurants. This would give Grab a significant advantage over its competitors. The sale of Foodpanda would also have implications for consumers, since this will lessen the competition, which could potentially raise prices or reduce discounts after acquiring the food delivery company.

On the otherhand, the sale of Foodpanda could also lead to improved innovation and efficiency in the Southeast Asian online food delivery market. Grab could use its resources to invest in new technologies and improve its services. This could benefit both consumers and restaurants.

The negotiations are in their preliminary stages and it is uncertain and subject to various open points whether this will lead to a definitive agreement. However, the potential sale of Foodpanda is a significant event that could have a major impact on the online food delivery market in Southeast Asia.

Disney+ and Hulu Subscription Price to Increase this October

August 15, 2023

Disney has announced that it will be increasing the prices of its streaming services, Disney+ and Hulu, in October. The ad-free version of Disney+ will increase from $10.99 to $13.99 per month, while the ad-supported version will remain at $7.99 per month. The ad-free version of Hulu will increase from $14.99 to $17.99 per month, while the ad-supported version will remain at $7.99 per month.

The price increase is effective for new subscribers starting on October 12, 2023, and for existing subscribers starting on November 1 2023.

Disney has cited rising content costs as the reason for the price increase. The company has been investing heavily in new content for its streaming services, including original series and movies, as well as live sports. The price increase is likely to be met with some resistance from subscribers, but it is not unexpected. Streaming services have been raising prices in recent years, as they compete for subscribers and content.

“The strong momentum of our ad-supported plans in the U.S. demonstrates the importance of providing consumers with choice, flexibility and value,” said Joe Earley, President, Direct-to-Consumer, Disney Entertainment. “We are excited to expand that offering in more markets across the globe, including in Europe and Canada, and to launch a new premium duo bundle of ad-free Disney+ and Hulu this Fall, as we take steps toward making extensive Hulu content available via Disney+ later this year for Bundle subscribers.”

Apple opens online store in Vietnam

May 21, 2023

Apple just announced that the Apple Online Store is now available in Vietnam.

Vietnam’s Apple Online Store will offers a wide range of Apple products and accessories, with shopping assistance from Apple’s team of experts, no-contact delivery, trade-in program, build-to-order Mac options, and up to 24 months of financing for your Apple device. The Apple Online Store will also offer students a special pricing for their Mac or iPad, and receive discounts on accessories as well as AppleCare+.

The store is available in both Vietnamese and English, allowing customers to order a wide range of Apple products on the web.

Gmail to introduce verified accounts for FREE!

May 6, 2023

Google has announced that it will start verifying or adding a “blue checkmark” to business users using Brand Indicators for Message Identification (BIMI) in Gmail. This new feature will help users identify messages from legitimate senders versus impersonators.

Google further explains that “strong email authentication helps users and email security systems identify and stop spam, and also enables senders to leverage their brand trust. This increases confidence in email sources and gives readers an immersive experience, creating a better email ecosystem for everyone.”

The new verified Gmail account will be free of charge and available to all Google Workspace customers, as well as legacy G Suite Basic and Business customers, and to users with personal Google Accounts.

Apple to open its first retail stores in India

April 12, 2023

Apple has announced that it will be opening two new retail store in India. The Apple BKC in Mumbai will start operating this 18th April, then Apple Saket in Delhi on the 20th April. The new two new retail stores were opened 20 years after Apple entered the Indian market.

Even though India is the second largest market for Internet and smartphones in world, Apple is limited to the high-end of the market, specially for smartphones that are priced way below the price range of Apple in country.

You can read the full text of Apple’s announcement below;

Today Apple announced it will open its doors to customers at two new retail locations in India: Apple BKC in Mumbai on April 18, and Apple Saket in Delhi on April 20. These new retail locations mark a significant expansion in India that will offer great new ways to browse, discover, and buy Apple products with exceptional service and experiences for customers.
The barricade for Apple Saket was revealed this morning and features a unique design that takes inspiration from Delhi’s many gates, each signifying a new chapter to the city’s storied past. The colorful artwork celebrates Apple’s second store in India — located right in the nation’s capital. Beginning April 20, customers will be able to stop by to explore Apple’s latest product lineup, find creative inspiration, and get personalized service and support from the store’s team of Specialists, Creatives, and Geniuses.

In celebration of the first Apple Store opening in India, Apple BKC announced a special Today at Apple series — “Mumbai Rising” — running from opening day through the summer. Bringing visitors, local artists, and creatives together, these sessions will offer hands-on activities with Apple’s products and services that celebrate the local community and culture in Mumbai. Customers can explore the “Mumbai Rising” sessions and sign up at apple.com/in/today.

Ahead of opening day, customers are invited to download custom Apple BKC and Apple Saket wallpapers, specially curated playlists on Apple Music to move to the sounds of Mumbai and Delhi, and visit apple.com/in/retail/bkc and apple.com/in/retail/saket to learn more about the upcoming openings in India. Apple BKC opens Tuesday, April 18, at 11 a.m. IST, and Apple Saket will open for customers April 20 at 10 a.m. IST.

Amazon reveals design of the antennas for their Project Kuiper Satellite Internet

March 19, 2023

Amazon just reveals the design for the customer terminal of their Project Kuiper Satellite Internet, their answer to SpaceX’s Starlink Internet. Amazon’s Project Kuiper is a low Earth orbit (LEO) satellite network that allows any connected device to access the internet.

In their announcement, Amazon explains that to “use the service, customers will install an outdoor antenna—called a customer terminal—to communicate with satellites passing overhead.” and Amazon developed 3 models of customer terminal.

The standard customer terminal measures less than 11 inches square and 1 inch thick, and offers speeds up to 400 megabits per second (Mbps) and will weigh less than five pounds without its mounting bracket. The standard customer terminal will have a pricetag for less than $400 each.

Then there’s ultra-compact model, which is a 7-inch square design and weighs just 1 pound, it offers a speeds up to 100 Mbps. As for the cost, according to Amazon will be a “lower-cost model.”

There will also be a high-bandwidth design, this will be Project Kuiper’s largest, most capable model which aim for enterprise, government, and telecommunications applications that requires large bandwidth. The terminal measures 19 inches by 30 inches, and will deliver speeds up to 1 gigabit per second (Gbps).

All terminals will be using Amazon-designed baseband chip called “Prometheus.” Prometheus combines the processing power of a 5G modem chip and the capability of a cellular base station to handle high traffic demands.

Amazon’s Project Kuiper is also preparing to deploy its first two prototype satellites on the first flight of United Launch Alliance’s (ULA) Vulcan Centaur rocket. Project Kuiper is scaling operations in preparation for its launch early 2024 and its plans to give early adopter access to the service beginning later that year.

Blizzard Entertainment to suspend most of its services in China starting this January 2023

November 20, 2022

After it failed to reach an agreement with China’s Netease Games, US gaming giant, Blizzard Entertainment will suspend most, if not all of its services in China starting this January 2023. Both Netease Games and Blizzard Entertainment where not able to extend their 14-year licensing agreement, since started 2008.

It’s unclear how failed extension will affect both companies and but all is not lost, since Blizzard’s mobile game Diablo Immortal will continue operating under a separate agreement with NetEase.

Here’s the official announcement by Blizzard Entertainment;

IRVINE, Calif.–(BUSINESS WIRE)–Nov. 16, 2022– Blizzard Entertainment, Inc. announced today that it will be suspending most Blizzard game services in mainland China due to the expiration of the current licensing agreements with NetEase, Inc. on January 23, 2023. This includes World of Warcraft®, Hearthstone®, Warcraft® III: Reforged, Overwatch®, the StarCraft® series, Diablo III®, and Heroes of the Storm®. Diablo Immortal® co-development and publishing is covered under a separate agreement between the two companies.

Blizzard Entertainment has had licensing agreements with NetEase since 2008, covering the publication of these Blizzard titles in China. The two parties have not reached a deal to renew the agreements that is consistent with Blizzard’s operating principles and commitments to players and employees, and the agreements are set to expire in January 2023.

We will suspend new sales in the coming days and Chinese players will be receiving details of how this will work soon. Upcoming releases for World of Warcraft: Dragonflight, Hearthstone: March of the Lich King, and season 2 of Overwatch 2 will proceed later this year.

“We’re immensely grateful for the passion our Chinese community has shown throughout the nearly 20 years we’ve been bringing our games to China through NetEase and other partners,” said Mike Ybarra, president, Blizzard Entertainment. “Their enthusiasm and creativity inspire us, and we are looking for alternatives to bring our games back to players in the future.”

Partnership like this is not uncommon in the gaming industry, since Riot Games partnered with Chinese gaming company Tencent distribute League of Legends in the country before the Chinese company acquired Riot Games for around $400 million.

Facebook renames its corporate brand to Meta

October 29, 2021

In a video posted on his official Facebook account, Mark Zuckerberg officially announced that the Facebook will change its corporate name to Meta. Meta will now be the parent company of Facebook, Instagram, WhatsApp and Oculus. Zuckerberg’s announcement was made on the first day of the company’s annual Connect conference.

Here’s a video where Mark Zuckerberg introduce the company’s new name.

The new name will not affect any of Meta’s products or services, since this is more of a corporate restructuring similar to what Google made in 2015 when they changed its corporate name from Google to Alphabet, even though we still associate all of its company and subsidiary to “Google.”

Mark further explained what their vision for metaverse in a 1 hour video;

The change in Facebook’s corporate name was first reported by Alex Heath of The Verge. You can already read Meta’s official statement here.

You can now switch mobile carrier and use the same phone number as Mobile Number Portability takes effect

October 1, 2021

The Mobile Number Portability Act or RA 11202 officially takes effect, last Sept. 30th. In a nutshell, the Mobile Number Portability Act allows mobile users to keep the same mobile number when switching carrier or their subscription from postpaid to prepaid and vice versa, free of charge.

Smart, Globe and even DITO telecom are now accepting “switchers” for those who wants to change network providers and keep their mobile numbers.

According to Telecommunications Connectivity Inc. (TCI), a joint venture company formed by DITO, Globe and Smart, and the implementing arm of Mobile Number Portability Act, the basic requirements at conditions ng MNP o Mobile Number Portability below;

  1. Government issued ID
  2. Unique Subscriber Code (USC)
    • This is a 9-digit code issued by your current network provider to start the porting process
    • This serves as a clearance that your account is free from unpaid fees and balances.
    • This is valid for fifteen (15) days upon date of issue.<\li>
  3. Proof of mobile number ownership.

You can visit the respective FAQ page of the different telecoms below;

SABIC partners with Microsoft to create the first consumer electronic product made with recycled ocean plastic

October 1, 2021

Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemicals manufacturers, and Microsoft just announced that they will be launching the ‘Microsoft Ocean Plastic Mouse’ – the first consumer product made from recycled ocean plastic. The Microsoft Ocean Plastic Mouse is made from 20% recycled ocean plastic.

According to SABIC;

Ocean plastic is defined as plastic that has been certified by a third party as recovered from any ocean or ocean-feeding waterways or where it washed ashore from these locations. Ocean plastic differs from ocean-bound plastic in that ocean-bound plastic is recovered from ocean-feeding waterways, shorelines, and inland areas within a 50-kilometer radius of the ocean. The two recycled products play complementary roles in helping address the issue of ocean plastic waste.

Microsoft design team initially goal was to create a new plastic resin with 10% ocean plastic, after several rounds of reformulation, SABIC was able to exceed Microosft’s 10% goal and then final product contains 20% recycled ocean plastic by weight in its external casing or “shell.”

SABIC added that “this project has also provided a blueprint to demonstrate to the broader industry sector that recycling and reusing valuable plastic resins that have been recovered from the ocean, ocean – feeding waterways or where they have been washed ashore from these locations, is achievable when value chain partners use their knowledge and expertise and work together.”

SABIC added that “the SABIC-Microsoft collaboration envisions SABIC providing a new XENOY™ resin for Microsoft product use that is comprised of 20% ocean plastic, as part of SABIC’S TRUCIRCLE™ portfolio and services. This new XENOY™ resin with recycled ocean plastic can help reduce plastic waste in the ocean. For example, based on a resin grade comprised of 20% recycled content, for every 1kT of product containing recycled ocean-plastic XENOY™ PC/PET compound, an equivalent of 24 million single-use 0.5liter PET water bottles is removed from the ocean, ocean-feeding waterways, or ocean-adjacent shores.”

Microsoft first unveil the “Microsoft Ocean Plastic Mouse” during their September 2021 Event, which will can be pre-order in selected market for $24.99 or around SAR 94.00.

You can read SABIC’s official announcement here – SABIC AND MICROSOFT COLLABORATE TO CREATE MICROSOFT’S FIRST PRODUCT MADE WITH RECYCLED OCEAN PLASTIC

LG to close its Smartphone Business Unit, promises OS updates for 3 years

April 8, 2021

LG just announced the South Korean tech giant will close its mobile business unit, which was approved by its boar of directors (BoD).

In their official announcement, LG made the decision to exit the smartphone business because it’s been an “incredibly competitive mobile phone sector” and that it “will enable the company to focus resources in growth areas such as electric vehicle components, connected devices, smart homes, robotics, artificial intelligence and business-to-business solutions, as well as platforms and services.”

LG is expected to complete its “exit” the smartphone business by July 31st.

In a follow-up announcement, LG will support “all premium LG smartphones currently in use will receive up to three iterations of Android operating system updates from the year of purchase.” which means that all LG premium phones released in 2019 and later (G series, V series, VELVET, Wing) while certain 2020 models such as LG Stylo and K series will receive two OS updates.

The company will still manufacture smartphone phones through the second quarter to meet contractual obligations to carriers and partners.

Salesforce to acquire Slack for $27.7 billion

December 2, 2020
Salesforce to acquire Slack for $27.7 billion

Salesforce, provider of cloud-based CRM, is acquiring Slack for $27.7 billion. The combined company of Salesforce and Slack will be able to better compete with Microsoft, Oracle and other companies in the cloud enterprise space.

In a press release, “Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020.”

“Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Marc Benioff, Chair and CEO, Salesforce. “This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world. I’m thrilled to welcome Slack to the Salesforce Ohana once the transaction closes.”

“Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. The opportunity we see together is massive,” said Stewart Butterfield, Slack CEO and Co-Founder. “As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational agility. Personally, I believe this is the most strategic combination in the history of software, and I can’t wait to get going.”

You can read the full text of Salesforce press release here.

Sony finalizing deal to acquire Crunchyroll for $957 million

November 2, 2020

Sony is in the final stage of negotiation to acquire anime-streaming service Crunchyroll for more than 100 billion yen ($957 million). The deal once approve will combine Funimation and Crunchyroll properties to offer animes around the world.

Here’s the full report from Nikkei Asia;

TOKYO — Sony has entered into final negotiations to acquire U.S. anime-streaming service Crunchyroll, Nikkei learned on Friday, a deal that could catapult the Japanese icon into a global battle with the likes of Netflix.

Sony could end up spending more than 100 billion yen ($957 million) on the U.S. streamer, gaining its 70 million members around the world.

Sony has its own popular anime like “Kimetsu no Yaiba” (“Demon Slayer”), but has been licensing it to streaming services. Sony’s Aniplex, the studio behind “Kimetsu no Yaiba,” has a variety of content, including movies and music, that is mainly distributed by overseas companies.

If the acquisition is realized, global competition for content among companies like Netflix and Hulu will intensify.

Crunchyroll was founded in 2006 and has its headquarters in San Francisco. In 2018, AT&T, the U.S. telecommunications giant, became its parent company.

Sony recently obtained the exclusive right to negotiate for Crunchyroll.

After acquiring Funimation, an anime distributor, in 2017, Sony gained 1 million paying subscribers, mainly in the U.S., but came up against obstacles expanding this customer base.

Crunchyroll has 70 million free members and 3 million paying subscribers in more than 200 countries and regions, including the U.S. and Europe.

Crunchyroll would also give Sony more than 1,000 titles that it can use to vary its offerings.

Sony’s total operating income from games, music and movies is forecast to reach $4.79 billion for the fiscal year ending March, accounting for 60% of the group total.

The company once known for Trinitron TVs and Walkman personal stereos has grown into an entertainment colossus that plans to strengthen this side of its business by building on Crunchyroll’s membership base.

With the coronavirus convincing people around the world to entertain themselves at home, demand for video distribution services is swelling and competition for popular content is intensifying. Netflix, the largest streamer, is forming alliances with animation studios, while Disney last year took its popular library and began its own streaming service.

According to The Association of Japanese Animations, the global anime market in 2018 was worth about $21 billion, 1.5 times that of five years earlier. The overseas market accounts for nearly half of total demand.

Souq is now Amazon.Sa

June 20, 2020

If you’re a user of Souq, you probably received an email from Amazon that “Souq is now Amazon.sa,” which of course have been a long time coming, since Amazon completed its acquisition of Souq in March 2017 for $580 million in cash.

Honda to close its Sta. Rosa Manufacturing Plant

February 24, 2020

Honda Cars Philippines, Inc. (HCPI) just announced that they will close its Sta. Rosa Manufacturing Plant, effective March 2020. In their official announcement, Honda said “To meet Honda’s customer needs in the Philippines for reasonably priced and good quality products, Honda considered efficient allocation and distribution of resources. As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI.”

HCPI will still continue its automobile sales and after-sales service operation in the Philippines, through the utilization of Honda’s Asia and Oceania regional network. To date, Honda Cars Philippines, Inc. (HCPI) employs 650 associates.

The Honda Sta. Rosa plant was established in November 1990 wit a capital investment of Php 1.9 billion and began its its operations in 1992.