Tag: Exclusive

14
Oct
2020
Posted in technology

Veritone Licensing Expands Global News Library with Exclusive Agreement with the South China Morning Post

New agreement adds SCMP’s international news content dating back over 100 years to the Veritone content licensing portfolio

Veritone, Inc. (Nasdaq: VERI), the creator of the world’s first operating system for artificial intelligence, aiWARE™, and provider of digital content licensing services on behalf of the world’s premier sports entities, news organizations and user-generated networks, today announced a new agreement with South China Morning Post, a leading global news company that has reported on China and Asia for more than a century.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005137/en/

Veritone Licensing signs exclusive agreement with the South China Morning Post to expands its global news library. (Graphic: Business Wire)

The agreement gives Veritone the exclusive rights to license SCMP’s archive and current video content to its clients in North America. The deal is a significant milestone in Veritone’s strategy to further expand the global reach of its already vast, AI-powered content library and enable content creators to engage with new and existing audiences through highly relevant content.

“We are thrilled to announce our new agreement with the South China Morning Post, as it has a long and decorated history as a leading news company in China and Asia,” said Jay Bailey, vice president of entertainment licensing at Veritone. “At Veritone, we are proud to add this unique Asian voice from an important source on the world’s stage to our expanding news library as we continue our mission to provide creatives with greater options to tell their stories.”

The Post is Hong Kong’s paper of record and has been a unique link between China and the rest of the world since the newspaper’s founding in 1903. It has a growing correspondent staff across Asia and the United States. The agreement covers a comprehensive collection of SCMP’s content that

13
Oct
2020
Posted in technology

Exclusive: Huawei in talks to sell parts of its Honor smartphone business

By Julie Zhu

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.

Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.

The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.

Digital China, the main distributor for Honor phones, has emerged as the frontrunner but other prospective buyers include Chinese electronics maker TCL and rival smartphone maker Xiaomi Corp <1810.HK>, the people said.

The sources declined to be identified as the talks were confidential.

Huawei and TCL declined to comment. Digital China and Xiaomi did not respond to requests for comment.

The Honor brand was established by Huawei in 2013 but the business mostly operates independently from its parent. It competes with Xiaomi, Oppo and Vivo in China’s highly competitive budget phone market and its phones are also sold in Southeast Asia and Europe.

Kuo Ming-chi, an analyst at TF International Securities, has said that any sale by Huawei of the Honor smartphone business would be a win-win situation for the Honor brand, its suppliers and China’s electronics industry.

“If Honor is independent from Huawei, its purchase of components will no longer be subject to

13
Oct
2020
Posted in software

Exclusive: Supply chain software firm E2open nears deal to go public – sources

(Reuters) – U.S. supply chain management software firm E2open LLC is nearing a deal to go public through a merger with blank-check acquisition company CC Neuberger Principal Holdings I at a valuation of more than $2.5 billion, including debt, people familiar with the matter said on Tuesday.

An agreement could be announced as soon as Wednesday, the sources said, cautioning that talks could still falter. E2open is owned by private equity firm Insight Partners.

The sources requested anonymity because the matter is confidential. CC Neuberger declined to comment. E2open and Insight Partners did not immediately respond to requests for comment.

CC Neuberger I shares rose as much as 10.7% on the news but pared gains to close 3.2% higher at $10.53.

CC Neuberger I is a special purpose acquisition (SPAC), or shell, company that uses proceeds from an initial public offering to acquire a private company, which then becomes public as a result.

Merging with a SPAC has become a popular alternative to going public in a traditional initial public offering, as it involves less regulatory scrutiny and more certainty over the market valuation and funds raised.

So far this year, sports betting platform DraftKings Inc and electric commercial truck maker Nikola Corp have gone public by merging with a SPAC.

Insight Partners took E2open private in 2015 in a roughly $273 million deal. The Austin, Texas-based company sells software that allows companies to manage their supply chain.

E2open’s revenue is around five times what it was in 2015, one of the sources said. It stands to benefit as companies automate their supply chains further in the COVID-19 pandemic.

Led by veteran Wall Street dealmaker Chinh Chu’s investment firm, CC Neuberger I raised $414 million in an IPO in April with the aim of buying a company in the financial,

09
Oct
2020
Posted in technology

Exclusive: HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing

LONDON (Reuters) – HSBC HSBA.L will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, its Chief Executive Noel Quinn told Reuters.

FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid

In the strongest statement by Europe’s biggest bank on climate change to date, its CEO outlined HSBC’s ambitions to align its activities with the Paris Agreement.

“COVID has been a wake-up call to us all, including me personally, we have seen how fragile the global economy is to a major event, in this case a health event, and it brings home the reality of what a major climate event could do,” Quinn told Reuters in a video interview.

HSBC aims to achieve net zero in its own operations by 2030, he added.

While other UK banks such as NatWest NWG.L have already set similar net-zero goals, HSBC’s aim to achieve it across its huge Asia-focused client base is one of the most significant pledges made by a global lender to date.

However, the bank will be closely watched for how quickly and fully it pursues its new goals, which are mainly stated as ‘aims’ rather than hard commitments.

It will also face scrutiny on whether it has allowed itself leeway to continue financing some fossil fuel-linked clients, especially in developing markets.

HSBC has come under increasing pressure from activists, shareholders and politicians who say it is contributing to climate change by financing fossil fuel and other environmentally harmful projects.

Quinn said the bank is focused on expanding its capital markets-focused carbon transition policies, to a broader one encompassing all its activities across financing,

07
Oct
2020
Posted in technology

Exclusive: Google faces new antitrust case in India over abuse in smart TVs market

By Aditi Shah and Aditya Kalra



a screen shot of a man: FILE PHOTO: Man stands in front of a screen during a Google event in New Delhi


© Reuters/Adnan Abidi
FILE PHOTO: Man stands in front of a screen during a Google event in New Delhi


NEW DELHI (Reuters) – Alphabet Inc’s Google is facing a new antitrust case in India in which the U.S. tech giant is alleged to have abused its Android operating system’s position in the smart television market, a source and two lawyers involved in the case told Reuters.

The case is Google’s fourth major antitrust challenge in India, one of its key markets where it is currently facing public criticism from local startups for enforcing certain policies and company charges they contend hurt their growth.

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It also comes as Google faces new antitrust challenges in the United States, and a potential antitrust probe in China that is set to look into how it allegedly uses its dominance of its Android mobile operating system to stifle competition. Google has denied any wrongdoing.

The Competition Commission of India (CCI) has since June been looking into allegations that Google engages in anti-competitive practices by creating barriers for firms wanting to use or develop modified versions of Android for smart TVs, such as Amazon Fire TV’s operating system, according to the source, who has direct knowledge of the case.

The case has been filed by two Indian antitrust lawyers, Kshitiz Arya and Purushottam Anand. They both confirmed the case filing against Google for alleged abuse in the smart television market, but declined to comment further.

The source said the CCI had directed Google to submit its written responses to the allegations and that the company has sought more time.

A Google spokesman declined comment, since the case with the antitrust body was pending. Amazon and the CCI did not respond to requests for comment.

Unlike Indian court cases,