Categories
Journalism

Coronavirus Spreads Outside China as Officials’ Worries Mount

That’s the headline on my newest story, out yesterday (Sunday). It begins:

HONG KONG—New cases of coronavirus flared outside China, adding to global health officials’ worries about the spread of the disease in dangerous new pockets of infection.

Iran’s health ministry on Sunday confirmed the eighth coronavirus-related death in the country, out of a total of 43 confirmed cases. The ministry said at least 785 people with coronavirus-like symptoms were being examined.

Pakistani officials said Sunday that the country had sealed its land border with Iran as a result of the outbreak there, though Islamabad made no official announcement.

Pakistan is estimated to have the world’s second biggest Shiite population and about 500 people per day cross the border to Shiite-majority Iran. Travelers are being turned back by Pakistani authorities on the road as they approach the border, officials said.

“This really is a new virus and we’re learning as we go along,” said Margaret Harris, a spokeswoman for the World Health Organization. “We’re seeing some cases that don’t have a clear epidemiological link,” she said.

Click through to read the rest.

Categories
India Journalism Tech

Amazon’s Bezos Pledges New $1 Billion India Investment Amid Pushback

That’s the headline on my newest story, with my colleague Krishna Pokharel, out Wednesday. It begins:

NEW DELHI— Amazon.com Inc. Chief Executive Jeff Bezos pledged to invest an additional $1 billion in the company’s Indian operations, part of a charm offensive in a promising but challenging market.

Mr. Bezos told a gathering of local Amazon sellers that the intent is to help more small businesses start selling on the company’s marketplace. The new funds will supplement the $5 billion that Amazon has said it is spending to build out its Indian business, a spokeswoman said.

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Categories
India Journalism Tech

India Orders WhatsApp, Google to Save Data on Mob Attack

That’s the headline on my newest story, with my colleague Krishna Pokharel, out Tuesday. It begins:

NEW DELHI — An Indian court ordered Facebook Inc.’s WhatsApp and Alphabet Inc.’s Google to preserve data connected to an attack on a university campus earlier this month in the latest attempt by authorities in the country to wrangle more control over the messaging and search giants.

According to an attorney involved in the case, the Delhi High Court said Tuesday that the companies, local police and university authorities must try to save messages, photos and videos connected to the Jan. 5 attack, when several dozen people stormed the campus of New Delhi’s Jawaharlal Nehru University, injuring 32 students and two faculty members.

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Categories
India Journalism Tech

India Orders Antitrust Probe of Amazon and Walmart’s Flipkart

That’s the headline on my newest story, out Monday. It begins:

NEW DELHI–India’s antitrust watchdog ordered a probe into whether Amazon.com Inc. and Walmart Inc.’s Flipkart have violated competition laws, New Delhi’s latest move to try to rein in American tech giants that dominate its burgeoning internet economy.

The investigation launched by the Competition Commission of India Monday said it would focus on allegations that the U.S. titans promote “preferred sellers” of goods on their platforms, which may have hurt smaller rivals.

“It has been alleged that most of these preferred sellers are affiliated with or controlled by Flipkart or Amazon, either directly or indirectly,” the order said.

Categories
India Journalism Tech

Me on ‘The Journal’ Podcast Talking U.S. Tech Giants and India

Quick heads up: I was on the latest edition of The WSJ‘s “The Journal” podcast talking about my recent story on U.S. tech giants facing pushback here in India.

I was happy to join in as I’ve long admired the show, and this was my first appearance.

You can listen online here or in your favorite podcast app. Just search for “The Journal.” The episode was out yesterday, December 10, and is called “India Rewrites the Rules for Big Tech.”

Categories
Journalism Newley's Notes

NN201: Newest Page One Story — Podcast Appearance — 1 Billion Surveillance Cams — Bonus Puppy Content

2019 12 04wsjpage1

Sent as an email newsletter December 9, 2019.

👋 Hi, friends. Welcome to the latest edition of Newley’s Notes, a weekly newsletter containing my recent Wall Street Journal stories, must-read links on tech and life, and funny dog videos.

📬 Not a subscriber yet? Get it here.

Apologies for NN’s absence last week. After an enjoyable Thanksgiving…your faithful correspondent promptly fell ill. But I’m back now!

✍️ I’m proud to say I had another page one story (the second in a week’s time, following my piece on lending apps), this one out on Wednesday. The headline: U.S. Tech Giants Bet Big on India. Now It’s Changing the Rules.

And the first few grafs:

NEW DELHI – After Walmart Inc. sealed a $16 billion deal last year to buy India’s biggest domestic e-commerce startup, it got some bad news. India was changing its e-commerce regulations.

Foreign-owned online retailers would need to modify their supply chains and stop deep discounting. Those rules didn’t apply to Indian companies.

India, the world’s biggest untapped digital market, has suddenly become a much tougher slog for American and other international players.

It’s not just Walmart, but also the likes of Amazon, Google, and Facebook’s WhatsApp that are facing shifting regulatory sands.

Please give it a read.

📹 Meanwhile, my colleague Liza Lin and I had a story out Friday that has captured a lot of attention (it was even shared on Twitter by Marco Rubio. The headline: A World With a Billion Cameras Watching You Is Just Around the Corner. It begins:

As governments and companies invest more in security networks, hundreds of millions more surveillance cameras will be watching the world in 2021, mostly in China, according to a new report.

The report, from industry researcher IHS Markit, to be released Thursday, said the number of cameras used for surveillance would climb above 1 billion by the end of 2021. That would represent an almost 30% increase from the 770 million cameras today. China would continue to account for a little over half the total.

Fast-growing, populous nations such as India, Brazil and Indonesia would also help drive growth in the sector, the report said.

🎧 Other news: I was on the latest edition of the excellent Asia Matters podcast. In an episode called “What China’s ambitions tell us about tech in Asia,” I joined my ex-WSJ colleague Andrew Peaple and Julian Gewirtz of Harvard to share my perspective from India.

You can listen here, or search for “Asia Matters” on Spotify or in your favorite podcast app.

Okay – enough self-promotion. On to this week’s links…

Here are ten items worth your time this week:

📈 1) Google Management Shuffle Points to Retreat From Alphabet Experiment [WSJ]

“Sundar Pichai’s appointment this week as chief executive of Google parent Alphabet Inc. effectively shifts the focus back on the company’s advertising profit machine and away from its “moonshots” and other potential new businesses.”

👓 2) Warby Parker Wants to Be the Warby Parker of Contacts [Bloomberg]

“At $440 for a year’s supply, the lenses will be slightly cheaper than many daily contacts but will be sold with what Warby says will be a much improved ordering process.”

⛺ 3) How Hipcamp Became the Airbnb of the Outdoors [New Yorker]

“Alyssa Ravasio, Hipcamp’s founder and C.E.O., is not a purist. For her, camping is a leisure activity, an escape valve, a business opportunity, a wealth-redistribution system, and a political strategy: an avenue to environmental awareness, engagement, even activism.”

🍎 4) Apple worth more than US stock index’s energy sector [Financial Times]

“Apple is now worth more than all large-cap US energy stocks put together.”

🧘 5) Buddhism scholars: Meditation apps are fueling tech addiction, not easing stress [Fast Company]

“…Buddhist apps, rather than curing the anxiety created by our smartphones, just make us more addicted to them and, in the end, even more stressed.”

🏎️ 6) These Guys Just Drove an E63 AMG Across America in a Record 27 Hours 25 Minutes [Road & Track]

“After leaving the Red Ball garage on the east side of Manhattan at 12:57 a.m. on November 10, it took Toman, Tabbutt and Chadwick 27 hours and 25 minutes to reach the Portofino Hotel in Redondo Beach, in L.A.’s South Bay. In a car.”

💾 7) Version Museum [VersionMuseum]

“A visual history of your favorite technology.”

🗺️ 8) Map: The most common last name in every country [Reddit]

🏈 9) Sad/heartwarming dog-related story of the week: This college football player lost his parents before Senior Day, but he didn’t walk out alone [CBS News]

“A Michigan State University football player whose parents died before Senior Day walked out with his adopted dogs onto the field for the occasion.”

🐶 10) Dog-related video of the week: This is the most Indian photo bomb [Twitter: @Tim_Kimber]

💡 Quote of the week:

“Ability is what you’re capable of doing. Motivation determines what you do. Attitude determines how well you do it.” – Raymond Chandler

👊 Fist bump from New Delhi,

Newley

Categories
India Journalism Tech

Silicon Valley-Backed App Lenders Use Phone Data to Hassle Borrowers

2019 12 03 wsj front page

That’s the headline on my most recent story, with my colleague Justin Scheck.

It was on the front page of Friday’s WSJ.

It begins:

NEW DELHI–Silicon Valley venture capital is funding a wave of fintech startups in India that use data from borrowers’ cellphones to collect on debts in ways that are illegal in both India and the U.S.

The startups are providing much-needed credit in India, where consumer lending has been limited by a lack of credit scores and by banks that are reluctant to make personal loans. While the newcomers’ tactics are illegal, they are ignored by Indian regulators who want to encourage lending, according to analysts and company insiders. The startups also use personal data to make lending decisions.

It is the latest example of Silicon Valley pushing legal and ethical boundaries in a global race for customers and profit. Lured by the promise of massive populations of people who are just beginning to transact online, tech companies are moving into banking in emerging markets, where cultural norms are complex, regulations are often weak, and many consumers lack credit histories or even official identification.

2019 12 03Silicon Valley Backed Fintech Apps Use Phone Data to Harass Borrowers

I also discussed the story on our What’s News podcast. You can listen on Spotify here or search your favorite podcast app for WSJ What’s News.

Categories
India Journalism Tech

India’s Paytm Secures $1 Billion Investment From SoftBank, Ant Financial

2019 11 26paytm

That’s the headline on my newest story, out yesterday. It begins:

NEW DELHI—The parent company of popular Indian mobile-payments startup Paytm said it has secured $1 billion in fresh funds from Japan’s SoftBank Group Corp. and China’s Ant Financial Services Group, giving it more firepower in a fast-growing but crowded market.

The investment values the parent company, One97 Communications Ltd., at $16 billion, according to a person familiar with the matter, making it one of Asia’s most valuable startups.

The Noida, India-based company makes a smartphone app that allows users to pay for goods and services such as groceries, auto rickshaw rides, movie tickets and electricity bills. It also has an e-commerce platform and offers financial products such as mutual funds and savings accounts.

The investment is a “reaffirmation of our commitment” to provide “new age financial services,” founder and Chief Executive Vijay Shekhar Sharma said in a statement Monday in India.

Click through to read the rest.

Categories
India Journalism Tech

Cash May Be King in India, but Google Is Prince of Mobile Payments

2019 09 19Google Pay

That’s the headline on my latest story, out today.

It begins:

NEW DELHI–The leading player in the battle for mobile payments in India isn’t either of China’s pioneers, Alibaba Group Holding Ltd. or Tencent Holdings Ltd. It isn’t Apple Inc., Visa Inc. or even PayPal Holdings Inc. It’s Google.

The Alphabet Inc. unit has for years tried to diversify its revenues beyond advertising by pushing into new fields like cloud computing and hardware. While its profits remain healthy, it needs new ways to make money as the specter of regulation looms at home and around the globe. Its booming new business in the world’s largest untapped digital market could be the engine of expansion that it has been looking for.

In India today, the company has one of its fastest-growing hits ever with Google Pay, a two-year-old app that millions of consumers are using to spend and transfer tens of billions of dollars.

Resembling a chat app and available in local languages, Google Pay was the most downloaded financial technology app world-wide last year, according to SensorTower, a research and marketing firm for the app industry.

Click through to read the rest.

Categories
Journalism Tech

Amazon Holds Talks With Indonesian Ride-Hailing Startup Gojek

2019 08 29amazon gojek

That’s the headline on my newest story, out yesterday, a scoop with my colleagues Julie Steinberg and Jon Emont.

It begins:

Amazon.com Inc. and Indonesian ride-hailing startup Gojek Group have held preliminary talks on a partnership, according to people familiar with the matter, which could expand the online retail giant’s services into a populous new market.

The companies have discussed an arrangement by which Amazon would make a sizable investment in Gojek and tap into the Jakarta-based company’s delivery infrastructure in Indonesia, one of the people said.

An Amazon spokeswoman said the company doesn’t comment on “rumors and speculation.” A spokesman for Gojek didn’t immediately respond to a request for comment.

There is no guarantee a deal will result.

Click through to read the rest.

The story was followed by Bloomberg and Reuters.