Enterprise

India’s richest man is giving away free HD TVs

He’s selling something more valuable

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Reliance Jio is India’s largest telecom operator and has managed to get onboard more than 340 million users within a span of three years. Launched in 2016, the company revolutionized 4G connections in the country and offered dirt-cheap plans to attract subscribers.

Now that the company has conquered the wireless market, it aims to establish supremacy in the fixed-line segment. It announced the launch of its fiber-based broadband service offering minimum internet speed of 100 Mbps for INR 699 (US$ 9.75) a month, a rate significantly lower than the rivals.

Dubbed “Jio Fiber”, the service will offer free voice calling anywhere in the country, unlimited data and video conferencing.

In a bid to attract users and make them use bandwidth, they’re handing out TVs to hook users on movies and entertainment shows via internet. Lifetime subscribers get a 4K set top box for streaming TV channels, while a 4K television set would be complimentary with plans with higher payouts such as ‘Gold’ and above.

Jio is offering complementary TVs to annual subscribers of broadband plans in the range of INR 2,499 to INR 8,499 (US$ 35 – 120). The company is also offering television set on two-year subscription of gold plan priced at INR 1,299 (US$ 18) per month.

Jio Fiber Platinum and Titanium plan users will also get access to Jio VR platform, Jio First-Day First-Show movies service, and special sports content.

To get a new connection, a one-time charge for installation will be applicable — INR 2,500 (US$ 35), out of which INR 1,500 will be the refundable security deposit for the Jio router. Rest will be non-refundable.

Instead of relying on hardware sales for revenue, the company is making internet bandwidth its main selling point. Higher data consumption translates into better revenues, indirectly covering up the cost of providing complimentary hardware.

Apps

Airbnb partners with the Olympics in 9-year deal

Just in time for Tokyo 2020

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Airbnb and the International Olympic Committee (IOC) has signed a new deal to support five Olympics and Paralympics for the next nine years, making the platform a Worldwide Olympic Partner. Apart from the 2020 Games in Tokyo, the partnership covers Beijing 2022, Paris 2024, Milan 2026, and Los Angeles 2028.

According to the IOC, the joint effort will be “in line with the UN Sustainable Development Goals to provide travel options that are economically empowering, socially inclusive, and environmentally sustainable.”

The partnership hopes to minimize construction of new infrastructure for host cities to accommodate not just athletes, staff, and workers, but the surge of tourists as well. This also means generating extra income for new and existing hosts in the local communities during the Games.

IOC President Thomas Bach said that the partnership underpins their strategy to ensure that staging the Olympic Games leaves a legacy for the host community.

Airbnb is also launching a new category of Experiences to be hosted by Olympians themselves. These activities can help provide financial support for athletes while they train, as well as career opportunities even after competing.

Airbnb as a more sustainable option

Airbnb has previously supported Rio 2016 and PyeongChang 2018 as a domestic sponsor. A recent World Economic Forum study found that in Rio, the additional capacity provided through Airbnb was equivalent to 257 hotels. This saved the city unnecessary construction and carbon emissions, while also providing approximately US$ 30 million in direct revenue for hosts. It also generated an estimated total economic activity of US$ 100 million in three weeks.

Similarly, during the Olympic and Paralympic Winter Games PyeongChang last year, Airbnb hosts earned approximately US$ 2.3 million collectively by providing accommodation to 15,000 visitors who would have required 46 hotels.

Most recently, Airbnb hosts across Japan welcomed more than 650,000 travellers during the Rugby World Cup, and earned more than US$ 70 million collectively.

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Enterprise

Lazada’s 11.11 concludes with record-breaking sales

E-commerce is growing in the Philippines

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Lazada just had a blast with its 11.11 sale. This year’s sale sets new records for the online store company, with over 11 million deals from local and international brands sold to customers in the Philippines.

Lazada tallied one million sold items within the first hour of the 11.11 sale. One million users also shopped for various items on the website. By the end of the sale event, Lazada shoppers spent a total of 205 million minutes shopping on Lazada. That’s equivalent to watching a marathon of harry Potter for 187,000 times. Filipinos also proved to be shopping-savvy, collecting up to PhP 170 million worth of vouchers during the sale. One person’s shopping cart even amounted to a whopping PhP 1.2 million.

Bigger league of millionaire sellers

Dealers and sellers also set a record for increasing the membership of Lazada’s millionaire-seller league. The league, where sellers past a million peso sale mark earn membership, gained 1,140 new sellers because of the 11.11 sale.

Top brands in the 11.11 sale include Xiaomi for mobile category; CooCaa for home appliance; Pampers for mother’s care; Hydro Flask for general merchandise; Maybelline for health and beauty; and American Tourister for fashion.

This year’s 11.11 sale proves that e-commerce is booming the country. Globally, e-commerce is growing steadily, with China’s Singles’ Day event this year crossing the US$ 38 billion mark for total sales.

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Enterprise

Huawei might get a third extension in the US

Despite US promises to stop extensions

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When will Trump’s obsession with Huawei end? For more than two years, the US government has wandered into an on-and-off relationship with Chinese companies, especially Huawei and ZTE. Currently, the Chinese corporate world is suffering a massive ban on American soil.

Huawei, the ban’s main target, operates purely through a temporary extension granted by the US government. Unfortunately, the license runs out in a few days on November 18, US time. Even then, the current one is already the second extension since May’s definitive ban. In fact, the government already talked about ceasing the extensions altogether.

However, if their previous “promises” are anything to go by, even this particular promise was made on shaky ground. First reported by Politico, the government is expected to extend Huawei’s extension a third time. Unlike the previous 90-day extensions, however, the upcoming one will extend the company’s license by six months.

Though surprising, a third extension likely stems from the government’s recent headway with a more permanent deal. As such, the Trump administration will gain much more by keeping Huawei as a bargaining chip during the deal’s negotiations.

Still, this is getting tedious. For months, both the US and China have been in a relentless tug-of-war for Huawei’s right to operate. However, despite all the news, the issue hasn’t seen a definitive conclusion. Huawei is still in the same mire that it’s been in since May. Who knows when it will end?

SEE ALSO: Taiwan suspends sale of three Huawei phones

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