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Danke China’s housing unicorn appoints ex Baidu executive as their new Chief executing officer

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Danke China’s housing unicorn appoints ex Baidu executive as their new Chief executing officer

Danke Apartments post getting an investment of $500 million in their last funding round has been able to boost up the confidence of the company. This Monday, Danke announced that they will be appointing Gu Guodong as their new Chief Executive Officer to ramp up the companies offline operational crew.

Gu has stepped down from his previous company after working there for five years. He was one of the key members of the company Baidu. He has worked with a company like Baidu and this is the reason he will easily manage all the sales and money which has been generated by the company through funding and revenue.

Gu has joined the company just after Danke has expanded so there was no better person to take care of the company than him. The main focus of the company is to rent out well-furnished flats or apartments to working professionals so that it is easy and convenient for the people who stay there. After the last funding round of the company in the month of February, the company is valued at $2 billion.

Gu, the chief executive officer was one of the top level executives in Baidu and this is the reason he is one of the biggest assets for the company like Danke. For Gu, joining Danke would almost feel like returning home.

Danke chief executive Gao Jing said:

“We welcome our comrade and good friend Michael.”

Gu has previously worked with other executives of Danko and this is why it totally feels like home for the Chief Executive Officer. Derek Shen, the current chairman of Danke, co-founded Nuomi in 2010 is also part of the team making it very strong and efficient.

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Startups

According to the CEO of Apple Tim Cook, Silicon Valley has created a lot of chaos

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The Chief Executing Officer Tim Cook was there at Stanford University to give a speech last weekend. Along with all the motivational stuff, he ended up attacking all the big technology companies for creating chaos in the Silicon Valley.

Cook said:

“Today we gather at a moment that demands some reflections. Fueled by caffeine and code, optimism and idealism, conviction and creativity, generations of Stanford graduates and dropouts have used technology to remake our society.”

“But I think you would agree that lately the results haven’t been neat or straightforward. In just the four years that you’ve been here, things feel like they’ve taken a sharp turn. The crisis has tempered optimism. Consequences have challenged idealism. And reality has shaken blind faith.”

Tim also made sure that he names a few of the great inventions that happened in Silicon Valley so that he was able to counterbalance them. He talked about everything which included iPhones, Hewlett Packard, social media and Snapchat.

He continued:

“But lately it seems this industry is becoming better known for a less noble innovation — the belief that you can claim the credit without accepting responsibility. We see it every day now with every data breach, every privacy violation, every blind eye turned to hate speech, fake news poisoning our national conversation, the false miracles in exchange for a single drop of your blood.”

He added later:

“It feels a bit crazy that anyone has to say this, but if you built a chaos factory, you can’t dodge responsibility for the chaos. Taking responsibility means having the courage to think things through.”

Cook then ended up focused on the topic of privacy, a topic that is dear to his heart.

“If we accept as normal and unavoidable that anything in our lives can be aggregated, sold or even leaked in the event of a hack, then we lose so much more than data. We lose the freedom to be human,” he said. “The chilling effect of digital surveillance is profound and it touches everything.”

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Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

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Binance starts to restrict United States users ahead of the regulatory compliant exchange launch

Finally, the largest cryptocurrency exchange is going legit. Binance is known to process a total of $1 billion on a day to day basis and for a long period of time has embodied the Wild West culture of crypto. It still implements all types of restrictions for the United States of America passport holders on a worldwide basis.

The company has grown drastically and has become one of the biggest names in the crypto industry, which basically allows everyone to use all its services so that they can trade myriad tokens. In the past year, the company has become more professional and has started to offer services in a more organized manner.

Just this week, the company announced that they will soon be pairing up with BAM Trading Services. This will surely be a level of disruption for all the customers of the United States of America. People from the United States of America cannot sign up for the Binance.com service.

“Binance is unable to provide services to any U.S. person.”

-which were confirmed to TechCrunch by a spokesperson.

All the people who are using the service will be given a period of 90 days before the company will stop receiving payments. The company has not yet mentioned that if the ban will be with the help of the geolocation or with the help of the IP address.

The 90-day period, which will be given to the customers will end on the 12th of September 2019. According to experts, people from the United States can simply browse through the website only when they will be using some kind of VPN which will show their location outside of United States of America because of their servers present outside the country.

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Social commerce startup Meesho is backed by Facebook in the first India investment

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Social commerce startup Meesho is backed by Facebook in the first India investment

Right now, Facebook is exploring to grow revenue from its franchise of Whatsapp. This organization has already turned into a startup which has now a new lead with it. The social juggerland said that they have already invested in a social media startup which will be equal to other social media startups. He made this statement today.

The two organizations (Meesho and Facebook) raised a fund of $65 million from other investors. The name of the investors is RPS ventures, DST partners, Shunwei capital and other financial companies before the announcement was made. One of the very reliable sources said in this matter to TechCrunch that the funds were “very significant”.

Meesho is Y Combinator alumnus which is actually a marketplace that has a connection with sellers. On this social website, any seller can connect with any customer who ever they feel like. It is a startup which is four years old and has a reseller of 2 million who deals with home appliances, apparels, and other electronic items.

These types of resellers are mainly homemakers, most of them who are using a smartphone for the first time. Eighty percent of the user’s base of Meesho is female. It was started by co-founder and CEO of that organization.

Meesho also has their client’s indifferent small town and country parts of a nation. The main problem is that most of the clients are not online. This is the two main reasons which attracted Facebook to Meesho. This was told by Ajit Mohan to TechCrunch who is the VP of Facebook India.

He stated that:

“A platform that is aimed at India 2 and has such a large user base of women — when most people online in India are predominantly men — is a remarkable achievement.”

It was declared through different male’s accounts and estimates which are done on 70% of Indian Internet users.

Meesho also says that they are helping many resellers who can earn more than Rs.25000 per month. Aatrey said in an interview to TechCrunch that they have a plan to enter the international market very soon.

Right now, Whatsapp is playing a very vital part of this mission. The startup starts to use different social media platforms like Facebook very soon. It will help to spread its business on a global level. Last year, Facebook launched a marketplace in India in which you can get the service as you get from Meesho.

Facebook is now trying different fields. They are trying to invest in different businesses. It will help different types of startups with new encouragement. He stated that:

“Wherever we believe there is opportunity beyond the work we do today, we are open to exploring further investment deals.”

Actually, there are no new partitions where Facebook is focusing.

Till date, Facebook hasn’t given any kickstart to WhatsApp. There was no campaign or something like that with which Whatsapp can grow the communication service in all over the world.

Google, Amazon, and Twitter have also made their initial step by investing in such new Indian Startups. Twitter has already owned ShareChat which is a social media platform. Google has already given funds to a startup named Dunzo. It is a hyperlocal concierge app. Facebook has also backed an Indian startup some 5 years ago.

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