[TL;DR] Tech news that you shouldn’t miss this 03/10
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
Vectaury is raising 20 million euros to deploy its drive-to-store solution in the United States and Asia. The company is also studying the possibility of making one or two acquisitions to boost its growth.
Why this is important: Vectaury bridges the gap between online and offline activity to offer targeted advertising to consumers based on their travels. To achieve this, the company collects geolocation data that it crosses with cartographic information of places visited by consumers, so as to draw up a “geo-profile” of each of them to help retailers better understand who are their customers, increase in-store traffic and optimize the management of their points of sale. With this funding round, the international expansion of the company will result in the coming months by the opening of offices in Singapore in Asia and New York as well as in Chicago in the United States. “Our ambition is to build the world leader in RetailTech to serve retailers and brands all over the world and offer them the most efficient solution on the market.», Indicates Matthieu Daguenet, co-founder and CEO of Vectaury.
Chinese Tencent Music is preparing to go public in New York. The musical subsidiary of Tencent indicates to have garnered a turnover of 1.3 billion dollars in the first six months of the year.
Why this is important: This IPO, which has no date yet, should allow Tencent Music to raise significant sums, the group citing the sum of $ 1 billion in the document, a figure given as an indication and which could change . Tencent Music, “the most important platform” of its kind in China claims “more than 800 million monthly active users” in the second quarter of 2018, according to the document filed with the stock market police officer (SEC) and available on its website. The entity also claims to have a catalog of “20 million songs from more than 200 national and international labels”, further details Tencent Music.
“Small meeting” of GAFA at the White House to talk about angry subjects. The meeting with Donald Trump could be held around mid-October.
Why this is important: Donald Trump and leading Republican Party leaders have accused Google, Facebook and Twitter of muzzling conservative voices in favor of their leftist convictions. Other elected officials also alluded to the dominant position of some of these companies in their niche, whether it is Google in search or Facebook in social exchanges, and asked that the competition authorities look into the matter. . The White House itself could give instructions to investigate in this direction, according to the press.
Data protection: the GDPR will cost Europe dearly, according to the boss of CES in Las Vegas. Gary Shapiro believes that the European Union’s obsession with data protection will harm the digital economy of the Old Continent.
Why this is important: Due to the rules protecting privacy posed by the GDPR, “Europe will lose ground on China and probably also on the United States”In terms of innovation, said Gary Shapiro on the sidelines of“ CES Unveiled ”in Paris. “In the United States, privacy matters too, but there is a balance between privacy advocacy and innovation“, Added the boss of CES in Las Vegas.
Canadian Hopper Travel App Raises $ 100 Million. This operation brings the valuation of the Montreal company to 780 million dollars.
Why this is important: Hopper is a mobile-only travel app and was co-founded by a former Expedia executive. The application analyzes billions of prices daily in order to forecast their evolution and advise the user on the best time to buy. It also alerts travelers to price drops and deals. The company claims 30 million downloads and planning over 75 million trips. With this funding, the start-up wishes to continue its international expansion. It intends to accelerate in its key markets. 25% of its ticket sales already come from outside the United States.
Short-distance carpooling is still finding its way. Several applications are competing for the emerging market for short trips: in particular Karos, Klaxit, iDVroom (a subsidiary of SNCF) and BlaBlaLines (a recent creation of BlaBlaCar).
Why this is important: The small world of carpooling lacks precise figures. According to Ile-de-France Mobilités (ex-Stif), which subsidizes these services, there are in the Capital Region, by far the main market, nearly 25,000 regular carpoolers, and there were up to 75,000 during the strikes of the railway workers. Very little, therefore. “Volumes are still low», Readily admits Julien Honnart at Klaxit. “In reality, home-work carpooling cannot take off if we do not lower the price for the passenger», He points out. At the Ministry of Transport, it is indicated that the future Mobility Orientation Law (LOM) will give local authorities “tools” to promote carpooling, such as the development of lanes reserved for vehicles carrying several people. For local authorities, short-carpooling makes it possible to fight against “autosolism”, the vast majority of cars carrying only one person. By reducing the number, we would pollute less, and we would make the roads more fluid.
After a difficult start on Wall Street, Nio, Tesla’s Chinese rival, is backing up. Supported by Baidu and Tencent, the Chinese company is banking on its first consumer electric SUV to boost its growth.
Why this is important: Despite market mistrust and a net loss of $ 502.6 million for the first six months of the year, Nio managed to turn things around a month after going public on Wall Street. The company’s market capitalization now stands at $ 6.5 billion, which is $ 1 billion more than its original value on the New York Stock Exchange. Beyond the interest of the companies of the Middle Empire for the American market, these IPOs represent above all an opportunity for the Chinese giants, Baidu, Alibaba, Tencent and Xiaomi, the famous BATX, to position themselves against all- powerful American GAFAs.Senegal, purgatory for “business angels”? Five French-speaking countries, including Senegal, have benefited from only 10% of funds raised on the continent.
Why this is important: The capital drained by 124 African start-ups increased from 367 million dollars (312 million euros) in 2016 to 560 million dollars (476 million euros) in 2017, a jump of 53%, notes a study of the investor Partech Ventures, which in January launched a fund dedicated to “digital champions” in sub-Saharan Africa. Since 2012, these investments have even multiplied by 14, but we are still very far from the 20 billion euros of risk capital raised in 2017 by European start-ups. In addition, three English-speaking countries, South Africa, Kenya and Nigeria, continue to capture the lion’s share (76%). For its part, if it is experiencing a “flowering” of start-ups, Senegal “lags behind its English-speaking African competitors», To larger markets that are more favorable to investment, confirms Régina Mbodj, director of CTIC, an incubator launched in Dakar in 2011.
Happydemics raises 1.2 million euros to help brands get to know their consumers better. The company is interested in consumer opinion to tailor commercial offers and optimize the ROI of brand advertising campaigns.
Why this is important: This funding round should allow Happydemics to accelerate its development for “democratize access to market research“. In this sense, the company plans to present a “innovative subscription»During the month of October. “Today, you can no longer do without people’s opinion if you want to exist. We are here to democratize access, and the entry of these new investors from B2C supports this direction that we wish to give to the research market.», Says Tarek Ouagguini, founder and CEO of Happydemics.