(LINK) Libra Cryptocurrency: Facebook set to bet high on Libra crypto

Libra Cryptocurrency: Facebook set to bet high on Libra crypto:

Blockchain enthusiasts are also questioning whether Libra truly hews to the spirit of decentralized technology represented by crypto currencies worldwide. Facebook’s plan to comply with common regulatory requirements mandated by central banks like information about the user and usage of government backed securities, is in order to drive initial adoption of the cryptocurrency and the wallet according to Ramani Ramachandran, cofounder and CEO of ZPX, a Singapore-based blockchain startup.

“This is the opposite of true crypto. It is completely KYC-driven, regulated by local laws and influenced by anyone who wants to pay up to $10 million and be a validator node,” he said.

Nice quote from Ram of ZPX.

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Walmart International spent $16 billion to go big in India. CEO Judith McKenna has to make it work – CNN

Walmart International spent $16 billion to go big in India. CEO Judith McKenna has to make it work – CNN

Was talking to a friend about India and VC – one thing we all agree on is that the monster exit of Flipkart has done wonders for the scene. Lots of people made money and it is going to new firms and new startups which helps to compete with the old guard. More foreign funds will pay attention now knowing exits can and will happen.

However – making investors, founders and employees rich has nothing to do with Walmart turning Flipkart into a money machine.

On this part -I think they will struggle long-term against Amazon.

Get the popcorn.

Flippin’ over backwards | Founding Fuel

Well that’s pretty damning evidence.

If true then it’s easy to see why Walmart had to deal with it.

Flippin’ over backwards | Founding Fuel:

In July this year, the complainant sent a letter directly to Doug McMillion, the global CEO of Walmart’s HQ in Bentonville, Arkansas, making allegations of sexual assault against Binny. That prompted Walmart to ask Gibson Dunn, a global law firm to do a thorough and detailed investigation. The investigation found that the allegations of sexual assault against Binny were unsubstantiated and that the relationship was consensual. But it found a serious lapse: An investigator from the security firm employed by Binny had called the woman for a meeting and had tried to physically assault her, but she escaped. When the lady informed him about the assault incident on email, in order to deal with a potential criminal case, instead of responding to her, Binny employed yet another security firm to put a lid on the matter. The second security firm tried to hammer out a monetary compensation. But it seems the lady demanded a much higher compensation.

How WeChat faded into the silence in India | FactorDaily

Long in depth read on not just WeChat but a few of the Chinese companies trying to win in India.

The whole thing is good but the summation is spot on.

How WeChat faded into the silence in India | FactorDaily:

Sahai says that for Chinese companies mainly those supported by the BAT (Baidu, Alibaba, Tencent) trio, China market is always the core business and the rest of the market is an expansion, which creates some sort of inertia when dealing with the competition here in India.

But, it has become increasingly clear that India as a market cannot be generalised. As Sajith Pai, who works with VC firm Blume Ventures, puts it, India is divided into three consumer segments: the first 100 million, mainly the urban or affluent Indians and are the main targets of indulgent e-commerce brands; the second 100 million classified as the aspiring class; and the last a little over a billion — three segments he calls the splurgers, strivers and survivors.

Pai says that most global companies investing in India, including Apple, Facebook and Instagram are aware of this graph and think of India as a secondary market by targeting the first 100 million. Things may be changing from the WeChat days with a new crop of Chinese companies trying to cater to the new 100 million, including rural India, new internet users and youngsters. Case in point: MX player, NewsDog, Shareit, and UCBrowser that cater to the new internet users in India have a higher chance of surviving in India because they understand the new Indian users better.

Still, unlike China where there is a big government-initiated push for a common language and similar culture, cultural diversity in India, like lack of a common language, city structures, and economic disparity makes it difficult to generalize the Indian market. That’s the lesson that Tencent – and, indeed, the BAT trio – seems to have learnt and are only investing in large Indian companies.

From a Rs 33 Cr investment to a Rs 300 Cr exit: Why India needs to celebrate Mettl’s acquisition

All of the region needs more of this:

While we celebrate Flipkart’s $16-billion exit to Walmart, let’s also start looking at exits in the range of $40 million-50 million where the capital raised is almost next to nothing (compared to the …

— Read on yourstory.com/2018/10/rs-33-cr-investment-rs-300-cr-exit-india-needs-celebrate-mettls-acquisition/amp