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France’s competition watchdog orders Google to pay for news reuse

France’s competition authority has ordered Google to negotiate with publishers to pay for reuse of snippets of their content — such as can be displayed in its News aggregation service or surfaced via Google Search. The country was the first of the European Union Member States to transpose the neighbouring right for news into national […]

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| by Hugo Arellano | No comments

Sony invests $400M in Chinese entertainment platform Bilibili

Sony said on Thursday that it is investing $400 million to secure a 4.98% stake in Chinese entertainment giant Bilibili. 10-year old Bilibili started as an animation site, but has expanded to other categories including e-sports, user-generated music videos, documentaries, and games. The service, which has amassed over 130 million users, has attracted several big […]

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| by Hugo Arellano | No comments

Japanese payment service provider Paidy raises $48M from ITOCHU

Paidy, a Japanese fintech startup that allows customers to make online purchases without credit cards, announced today that it has raised a $48 million Series C extension from ITOCHU. The company says it has now raised a total of $281 million in equity and debt. Its latest investment from ITOCHU, one of the largest Japanese […]

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