[TL;DR] Tech news that you shouldn’t miss this 05/29
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.
Idinvest and Daphni invest in the start-up Lunchr, a competitor of Ticket Restaurant. The start-up is targeting 100,000 employees using Lunchr by the end of the year.
Why this is important: Launched in early 2017 by Loïc Soubeyrand, this start-up, initially known as a meal ordering application, revealed its real ambition at the start of the year: to reinvent the meal voucher for the benefit of employees and employers. This bluff orchestrated by the co-founder of Teads aimed to prepare under the best conditions the launch of Lunchr’s real project, so as to land at the ideal moment on an oligopolistic market, dominated by giants like Edenred (Ticket Restaurant), Sodexo, Natixis and the Up group (Chèque Déjeuner).
Comet raises 11 million euros to prepare for its expansion in Europe. From next year, the start-up plans to deploy its platform in the United Kingdom and Germany.
Why this is important: Comet has developed a platform that connects large groups with Tech and Data freelancers. To guarantee quality experts for companies, the start-up has designed a selective evaluation program and is based on a “matching” algorithm, which makes it possible to find a freelance suitable for all Tech and Data missions in 48 hours. . The platform brings together a community of 1,500 freelance developers. To date, Comet has made it possible to carry out more than 300 assignments for around one hundred clients. “By 2020, we aim to reach 15,000 qualified freelancers and carry out 3,500 assignments in Europe», Says Charles Thomas, co-founder and CEO of Comet.
Faced with Amazon, Fnac-Darty draws the delivery on D + 1. Orders placed online before 8 p.m., and even 10 p.m. in some cities, can be delivered the next day in 80% of the country.
Why this is important: To be able to offer this service, Fnac-Darty had to review its organization and switch to 3 × 8 and night work in its warehouses. The group has seven giant warehouses spread across the Paris region and around Lyon where all of its products are stored. This reorganization will have required 9 months of work. Until now, Fnac-Darty offered to deliver in two hours in 400 municipalities. With this offer, Fnac-Darty hopes to compete with other e-commerce players, with Amazon at the top of the list and its Prime service, which notably allows delivery within one working day in France. With just over two weeks before the World Cup, the group also hopes to boost its sales of televisions.
Luko, 2 million euros to reinvent home insurance. The Parisian start-up plans to accelerate its development in Europe.
Why this is important: To dust off the home insurance market, the Luko team relied on its initial solution, based on artificial intelligence and three connected boxes, to analyze your consumption (electricity, water, gas, etc.) and activity of your home (temperature, CO2 rate, etc.) and thus prevent disasters, such as water damage, fires or intrusions. To date, 1,100 homes have been equipped in Europe. Luko has added a home insurance model that is simpler and more transparent for the user to this system. Concretely, 30% of the contribution is deducted to cover management costs, while the remaining 70% is placed in a common fund which makes it possible to compensate the insured in the event of a claim. Now available for all French apartments, Luko intends to offer its home insurance product in the coming months in the United Kingdom and Germany.
Video games: 200 million dollars for the French Voodoo. A spectacular operation with Goldman Sachs which propels the French studio into another dimension.
Why this is important: Voodoo claims more than 150 million monthly active users and 300 million downloads in 2017. It is targeting 1 billion downloads for the current year. The global video game market is expected to reach $ 137.9 billion, up 13%, driven by mobile dynamics. Indeed, mobile revenues are expected to increase 25% to over $ 70 billion this year – which will then represent more than half of the market. And the growth of the mobile segment should continue in the coming years: according to these same forecasts, mobile gaming will raise more than 100 billion dollars in revenue in 2021, out of a total of 180 billion dollars.
Airbnb is testing its own Stories format. After Facebook or Instagram, will Airbnb also appropriate the format invented by Snapchat?
Why this is important: Called “Travel Stories”, this feature will therefore allow users of the platform to create videos to tell about their trip. Sequences are limited to 10 seconds and can be edited in the app. The Stories can then be viewed directly on the Airbnb website or via the “Travel Stories” tab of the application. With this feature, there is no doubt that Airbnb hopes to engage its audience more and keep it longer on its site. Such a tool could allow him to increase the time spent on his platform, the formats of Stories being known to have an addictive side. It remains to be seen whether Airbnb will succeed in making users want to share their videos via the platform rather than on Instagram for example.
Ant Financial, the financial subsidiary of Alibaba, valued 150 billion dollars after a funding round of 10 billion. Alipay’s parent company could go public in 2019.
Why this is important: To get an idea of the scale that Alibaba’s financial arm is taking, just take a look at the IPO of Jack Ma’s firm on Wall Street in 21014. At the time, Alibaba had made a sensational entry into the stock market with a valuation of $ 168 billion. To gain in power over the years, Ant Financial has been able to rely on the Alipay payment solution which claims more than 600 million active users. Initially focused on online payment for e-commerce, it has extended its field of action.
How Alibaba is positioning itself in the e-health market. The Chinese giant is preparing to sell $ 1.4 billion in assets to its subsidiary Alibaba Health to make it a heavyweight in e-health in China.
Why this is important: This disposal of assets, which generated 3.2 billion dollars in transactions in fiscal year 2017, will allow Alibaba to step up its efforts in digital health. From now on, the 3,300 sellers, who supply Tmall’s online pharmacy, will be able to benefit within Alibaba Health from its ecosystem, which will bring together data analysis, hospitals and doctors, to promote synergies and boost their growth. . Health care spending in China is expected to reach $ 1,000 billion by 2020, up from $ 357 billion in 2011, according to McKinsey. In this context, the potential to be exploited is immense for local players and Alibaba intends to do well.