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China’s YY eyes overseas live streaming with $1.45B Bigo buyout – TechCrunch

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One of China’s top live streaming companies YY bought a stake and obtained the right to purchase a majority share in Bigo last June, and now the other shoe has dropped after YY fully acquired the Singapore-based startup behind live streaming app Bigo Live and short-video service Like.

That’s according to an announcement YY made on Monday, which disclosed it has bought out the remaining 68.3 percent of all the issued and outstanding shares of Bigo for a price tag of about $1.45 billion.

Bigo’s connection to YY is deep-rooted. Li Xueling, a veteran Chinese journalist who’s also known as David Li, founded YY in 2005 well before the heyday of mobile-based live streaming apps. With the intent to bring the China-tested business to overseas markets, Li started Bigo in 2016 to replicate YY’s lucrative revenue model where the platform operator takes a cut whenever viewers reward streamers with virtual gifts, which can be cashed out.

YY racked up $675 million in net revenues and a net income of around $100 million from the fourth quarter of 2018, its latest earnings report shows.

The Bigo buyout is set to be a huge boost to YY’s international ambitions as its home market has been divided up between YY itself, its spin-off Huya that focuses on esports streaming and Huya’s archrival Douyu. Curiously, both Douyu and Huya are backed by Tencent, the company best known for the WeChat messenger but is also China’s largest games publisher.

To bring the domestic rivalry into perspective, Nasdaq-listed YY recorded a monthly mobile user base of 90.4 million in the fourth quarter. Huya, which priced its U.S. initial public offering at $180 million last August, posted a monthly of 50.7 million users from the same period. Douyu hasn’t recently unveiled its size as the company is reportedly mulling to go public in the U.S., but third-party data analytics company QuestMobile put its MAU in December at 43 million.

“We are very excited to announce the completion of the acquisition of Bigo. It is an important milestone for YY group which demonstrated our confidence and commitment to the globalization strategy,” said Li of YY in a statement.

While anchoring in Southeast Asia, Bigo has debuted in over 100 countries worldwide and been in the top ten of Apple’s app store not just in neighboring countries like Vietnam and Cambodia but also in Paraguay, Yeman and Angola, according to data collected by app tracking service App Annie.

Li estimated in 2017 that Bigo was generating an annual revenue of $300 million at the time. Bigo claims 200 million registered users to date with MAUs reaching almost 37 million worldwide. Its popularity has, however, gone hand in hand with its reputation for hosting offensive content, but the startup has assured it deploys resources to closely screen content. Back in China, YY, Huya, Douyu and the likes are constantly grappling with the government’s tightening grip over online information, which puts the burden on media companies to keep a robust content monitoring team to not only rid illegal videos but also parse the country’s opaque definition of what’s considered “inappropriate”.

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Garmin Venu 2 smartwatch is the do-all fitness tracker

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The Garmin Venu 2 smartwatch will cost you approximately $400 – let’s talk about why. The Garmin Venu 2 does everything the original Venu does, but ALSO adds an array of new features. This watch works with GPS (and GLONASS, GALILEO), heart rate monitor, barometric altimeter, compass, gyroscope, accelerometer, thermometer, ambient light sensor, pulse ox blood oxygen saturation monitor, and a battery time of up to 10 days in smartwatch mode. It has a touchscreen, color display, and is able to connect to Android and iOS devices.

In addition to the features included in the original Venu, this device is available in two distinct sizes and multiple colors. This version has “enhanced battery life” with both rapid recharging and a battery saver mode – which for the Venu 2 means it’ll have up to 11 days of up-time, and the 2S rings in at 10 days (both in smartwatch mode).

This series also has new HIIT workouts with on-screen animations, as well as activity profiles for HIIT, hiking, bouldering, and indoor climbing. Venu 2 works with Health Snapshot to record and share health stats, and has a “Fitness age” system.

With the fitness age system, the watch “estimates the body’s age” given activity, resting heart rate, chronological age, and either body fat percentage (if you’ve got a Garmin Index scale) or BMI. The Venu 2 also adds new sleep score and insights with Firtbeat Analytics. Below you’ll see a presentation video from Garmin about this new Garmin Venu 2 series.

The Garmin Venu 2 has a 45mm watch case and a 22mm band. The Garmin Venu 2S has a 40mm watch case and an 18mm band. The bands work with “industry-standard quick release” silicone band connections, and the watch has a stainless steel bezel.

The display is an AMOLED touchscreen panel protected with Corning Gorilla Glass 3. If you’re looking at the Venu 2S, you’ll have a 1.1-inch diameter display with 360 x 360 pixels. The Venu 2 has a 1.3-inch diameter display with 416 x 416 pixels. Both have 5 ATM water ratings, meaning they’re able to withstand pressure equivalent to a depth of 50 meters. That means you’ll be protected against splashes, showers, diving, snorkeling, swimming, and your basic rain and snow.

Both the Garmin Venu 2 and Garmin Venu 2S will cost you approximately $400 USD. These watches were made available for purchase through Garmin (dot com) starting this week.

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iOS 15 features could include Apple’s big notification upgrade

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Apple’s iOS 15 and iPadOS 15, its upcoming major software refreshes for iPhone and iPad, will include a significant rework of how notifications are handled, according to a new report, potentially addressing a growing criticism of alert overload on mobile devices. The two new OSes – one designed for phones, the other for tablets, after Apple opted to cleft development in two – are expected to be previewed at WWDC 2021, the company’s annual developer event in early June.

Notifications and the Lock Screen in general has increasingly become a point of contention for iOS and iPadOS users. In the early days of the iPhone platform, Apple’s treatment of each notification as a separate block made sense; more recently, however, with a dramatic uptick in the number of apps and services wanting to push out their respective alerts to users, the Lock Screen has arguably become unruly and it’s easy to potentially miss a notification.

Apple has finessed the UI over the years, including grouping notifications by app, and there are settings which can control whether software can show a full notification or a more fleeting one. All the same, chatter of a revamp has been around for some time, and it seems iOS 15 and iPadOS 15 will be when it lands.

Users will be able to set different notification preferences, based on their current status, sources tell Bloomberg. That could include whether their iPhone or iPad makes a noise. Unlike the current, fairly blunt “Do Not Disturb” or driving modes – the latter which can automatically activate when the iPhone is in CarPlay mode in a vehicle – there’ll be multiple settings supposedly accessed via a new menu.

For example, users could set that they’re working, sleeping, driving, or a custom category – such as exercising – with a different set of notification preferences for each. That menu will be accessible from the new Lock Screen as well as in the Control Center. Automatic message replies, as are currently supported in driving mode, will also be supported for each status.

For iPadOS 15 specifically, there’ll be new Home Screen options. The widgets that Apple added to iOS 14 last year, which can be intermingled with regular icons on the Home Screen, will be expanded to iPadOS 15 it’s suggested. Currently, iPad widgets are corralled into a separate pane.

Both iOS 15 and iPadOS 15 will also expand Apple’s focus on privacy, the sources say. There’ll be a new menu which lists all of the personal data being collected and shared by apps, in part of an attempt to make more clear what information may be gathered in the background. It follows new rules Apple has applied to developers around disclosing data sharing policies and more.

Finally, there are said to be changes afoot to iMessage, Apple’s messaging platform. Though possibly not arriving in time for WWDC 2021, the updates are believed to be with a mind to making iMessage more of a social network than it is now, though exactly how that would operate is unclear at this stage.

WWDC 2021 kicks off on June 7, and – like last year – will be held entirely online rather than as an in-person event. Registration is open now, and unlike in previous years will be free and uncapped in number to developers.

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AppleCare+ plans can now be extended for longer than 36 months

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Anytime someone buys a new Apple product such as an iPhone, iPad, Apple Watch, or Mac, they often buy the AppleCare+ extended warranty. That warranty covers the devices for all manner of accidental breakage and other issues. Apple recently announced that in Australia, Canada, Germany, Japan, the UK, and the US, owners who originally purchased AppleCare+ can renew their coverage for longer than was previously allowed.

Users are required to purchase their new coverage within 30 days of the date of their original coverage ending. Users who pay monthly or annually for AppleCare+ don’t need to take any action to renew their plans. Plan coverage can be continued beyond 24 or 36 months on a monthly or annual basis until the user cancels the coverage.

Apple does note that users who choose to continue their coverage will be subject to the current AppleCare+ terms and conditions. Buyers in China who purchased 24 months of coverage upfront will be able to continue coverage on an annual basis when their 24-month initial period is over. Those who paid annually will renew annually each year until they cancel.

Users in China can renew within 30 days of the end date of their current coverage. The coverage end date can be found in “settings – general – about” where they can tap the AppleCare+ Coverage Available option and follow instructions to register. Users can follow the “settings – general – about” path and then tap the name of their AppleCare plan to see when their coverage expires.

Coverage can also be verified on the mysupport.apple.com website. Expiration dates are also noted in the Proof of Coverage or Plan Confirmation message sent when the AppleCare+ plan was initially purchased. Apple outlined the steps on its support page with an updated document published on April 20.

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