Famous Beijing-based giant Didi denied any allegations of plans to go private in a bid to satisfy the Chinese government amidst latest regulations concerning users’ data security.
After the Wall Street Journal released a report discussing the possibility of Didi going private, the ride-hailing app’s shares increased by approximately 50 percent in Thursday’s pre-market trade.
The company has been targeted by Beijing regulators ever since it made its U.S. market debut about a month ago, followed by several U.S. senators asking its financial markets regulator to launch an investigation concerning the company’s Chinese share listings.
In a statement that came as a reaction to the report, Didi debunked any allegations of going private as it currently switching it focus to cybersecurity.
“The rumors about the privatization of Didi are untrue, and the company is currently actively cooperating with cybersecurity reviews,” Didi said on Chinese social media platform Weibo.
Two days after the Beijing-based firm began trading shares on New York Stock Exchange (NYSE), the Beijing cyberspace supervisory authority ordered Chinese online stores to remove Didi from their app stores under the pretense that it is illegally collecting users’ personal data.
The Chinese authorities’ move influenced the firm’s market value, leading to a sharp drop by around a third ever since Didi raised its initial public offering (IPO) to $4.4 billion a month ago.
Since Didi’s released its IPO on NYSE at the end of June, the Chinese driver service broker’s shares fell drastically in value.
On Thursday, Didi shares finished its U.S. trading day with a rise of 11.3 percent.
Didi, alongside many Chinese Big Tech companies such as Alibaba and ByteDance have been under the Chinese government’s scrutiny regarding their behavior of monopolizing the market to their benefit.
This led to some of the firms’ largest share prices slump in the U.S., Hong Kong, and mainland China’s trading market as China puts the industry under tough scrutiny.
In parallel, Didi follows a comparable business model to its American competitor Ube. The Chinese app had already conquered Uber in a vicious price war in its home market.
Google illustrations has just upped the tech giant’s game
If you’re not keen on placing your personal picture on your Google profile, or even if you find it difficult to find a picture that represents who you are, the search giant just found the perfect solution for you.
Google has recently published a number of images under the name Google Illustrations, providing a wide variety of pictures representing animals, technology, and even space figures.
“The new library of illustrations indicates that Google is taking a different approach from avatars like Snap’s Bitmoji or Microsoft’s Xbox avatars, which can let you make stylized representations of what you look like,” explained The Verge.
Instead, Google illustrations offer different categories of objects and places to use for your avatar.
Before your serotonin levels spike up, you should note that the illustrations are only available for Android users, according to Google. However, the tech giant is currently “working on” providing the illustrations to iOS users.
The collection of illustrations available will also witness an expansion soon. In case none of the available avatars suit your liking, check back when Google welcomes more images.
Brave launches a non-tracking video call feature
Brave Software, a privacy and security-based software firm is welcoming a video conference feature under the name “Brave Talk’, emphasizing a privacy-conscious video chat option embedded into its own browser.
Through clicking on the camera icon or by visiting the page talk.brave.com, users of the Brave browser can enjoy a non-tracking video call option and even invite participants who do not have the particular browser built in their devices.
Brave, which is one of the Chromium-based browsers competing to become an alternative window to the web, is now vying to join the video conferencing space next to platforms such as Zoom and Microsoft teams. However, unlike other video calling apps, Brave is placing privacy as the number one priority.
Founded in 2016, the company prides itself with its privacy-conscious tools. The new non-tracking video call feature uses an open-source called ‘Jitsi as a Service.” Given that the source can be used directly in Brave, users won’t have to install any apps or software that can potentially compromise their devices.
This is the main differentiator between Brave and platforms such as Zoom, Google Meet, Microsoft Teams or Skype, who all have the power to monitor your calls.
“Brave Talk users can enable multiple layers of encryption on calls, so an eavesdropper cannot listen in on users’ calls, and our servers don’t save metadata, so calls, images, and activities are never recorded or shared without user consent.” The company explained according to ZDNet.
The Brave Talk feature is offered free of charge for one-on-one video conferences.
The new option also includes video group watch, livestreaming directly from YouTube, and unlimited call times.
However, a paid version does exist, allowing for even more benefits such as team calls with three or more users, having the ability to record calls, mute other users and enter a passcode to join a video call.
The paid version costs $7 a month for all international users, but the Chromium browser-based Brave has plans to launch the free version of Brave Talk for all Android and iOS users.
NBCU Warns YouTube TV Subscribers Could Be Blacked Out
YouTube said it has been unable to so far reach a new carriage agreement with NBCUniversal. The current contract expires on 30 September. If no new deal is struck by then, NBCUniversal content, such as Sunday Night Football, Jimmy Fallon or Law and Order SVU, will no longer be carried by Youtube TV.
NBCUniversal is warning YouTube TV subscribers that they are in danger of losing 14 channels from their streaming lineup if Google and NBCUniversal are unable to come to an agreement on carriage agreement terms.
If you are a YouTube TV subscriber, you may lose NBC, Bravo, CNBC, E!, Golf Channel, MSNBC, Oxygen, SYFY, Telemundo, The Olympic Channel, Universal Kids, Universo, and USA Network.
Google said that if it gets equitable terms, it will renew its agreement with NBCU. Otherwise, subscribers will get a discount for the duration of a blackout, which could begin Thursday.
“If we are unable to reach a deal by Thursday, the NBCU lineup of channels will no longer be available on YouTube TV and we will decrease our monthly price by $10, from $64.99 to $54.99 (while this content remains off our platform),” Google said.
It added: “You can sign up for NBC’s own direct-to-consumer streaming service, Peacock, which they offer for $4.99/month to continue watching NBCU content, such as Sunday Night Football.”
In a statement, NBCU said it is seeking fair rates from Google for YouTube TV.
“Unfortunately, Google is refusing to make a deal at these fair rates and is willing to withhold entertainment, news and sports programming from their paying customers,” NBCU said.
“NBCUniversal feels a responsibility to inform our fans that they are at risk of losing their favorite shows if Google continues with their demands.”
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