Category: UNCATEGORIZED

Last fall, Spotify debuted a standalone Kids application, aimed at bringing kid-friendly music and stories to Spotify Premium Family subscribers, initially in Ireland. Today, that app is being made available broadly in the U.S. Canada and France, the company announced on Tuesday. The Kids app is still considered a “beta” as it arrives in these new markets, Spotify says. However, it’s been expanded with more songs, stories and other content since the original beta tests began.

The app is largely designed to boost sign-ups for Spotify’s top-tier subscription, the $14.99 (USD) per month Premium Family plan. This plan offers up to 6 people in the same household access to Spotify’s on-demand, ad-free music streaming service, each with their own personalized account. It also includes other exclusive features like Family Mixes, as well as parental controls, and now, the Spotify Kids application.

Spotify has long since realized its one-size-fits-all strategy didn’t work for families. It needed to build a unique experience separate from its flagship app in order to best cater to children — and to abide by the regulations around data collection and consent with regard to apps aimed at kids.

Spotify designed the Kids app from the ground up with the needs of both parents and kids in mind. For parents, it offers peace of mind that children won’t accidentally encounter inappropriate lyrics, for example, or songs with more adult themes. To ensure this remains the case, Spotify editors hand-curate the content on the Kids app by following a set of guidelines about what’s inappropriate for children. It doesn’t utilize algorithms to make selections about what’s included, the way the spinoff app YouTube Kids does.

Instead of being a fully on-demand product, Spotify Kids offers playlists for little ones focused around categories like Movies, TV, Stories, or various activities, like “Learn” or “Party,” among others. As kids grow older, they may also want to follow their favorite artists in the app.

The app can also be customized by age range. For younger kids, there’s character-based artwork and content aimed at the preschool set like singalongs or lullabies. Older kids will see a more detailed experience and have access to more popular tracks that are also age-appropriate.

The programmed playlists in Spotify Kids are curated by editors hailing from some of the most well-known brands in kids’ entertainment — including Nickelodeon, Disney, Discovery Kids, Universal Pictures, and others. They know what kids want and also what sells to the parents who pay.

Since its launch in Ireland, Spotify Kids has rolled out to Sweden, Denmark, Australia, New Zealand, the U.K., Mexico, Argentina, and Brazil.

It has also added more content since its original debut, says Spotify.

“We heard loud and clear that both parents and kids are craving more content in the app, so we’ve been increasing the number of tracks available. We’ve also heard from parents that they want even more control of the content, so we are working on some exciting new features,” noted Spotify’s Chief Premium Business Officer Alex Norström, in a statement.

The company isn’t yet going into detail about the upcoming additions, but says they’ll be focused on giving parents more control over the child’s experience. Typically, that would mean letting parents make more specific choices about what’s being streamed. But since parental controls are already available, it could mean letting parents pick specific songs or perhaps, block them. Time will tell.

Today the Spotify Kids app has over 8,000 songs in its catalog — 30% more than when it first arrived in Ireland, and growing.

It also has more local content, with 50% of the catalog in the app localized by market. Its collection of kid-friendly audiobooks and stories has grown as well, and the app now offers over 60 hours of stories, including fairy tales, classics, short stories, and stories from Disney Music Group.

In response to user feedback, there’s also now more bedtime content like lullabies, calming music and sounds, and bedtime stories. (And yes, this finally means that Spotify parents will stop having their year-end Spotify Wrapped ruined by lullabies.)

In the U.S., Spotify Kids launches today with over 125 playlists (approximately 8,000 tracks.) In addition to mainstream kids’ music, the catalog includes Spanish-language, Country, Christian, Motown, and Soul Dance Party playlists. There’s also a Trolls World Tour playlist and another for Frozen.

In response to the COVID-19 outbreak, there’s also a new global playlist called “Wash Your Hands” which includes songs that teach kids to wash hands and to cough and sneeze properly. This includes the new song from Pinkfong “Wash Your Hands with Baby Shark.”

And to aid parents now educating children at home, there’s a “Learning” playlist hub where you’ll find songs about the ABC’s, counting, science and more.

The app is available today in the U.S., Canada, and France on iOS and Android. The app is a free download, but requires a Spotify Premium Family membership.

 

If you can’t stop them, power them. That’s the strategy behind Snapchat App Stories, which launches today to let users show off their ephemeral content in other apps too. The first partners will let you post Stories to your dating profile in Hily, share them alongside [music] videos in Triller, watch them while screensharing in Squad, or give people a peek at your life in augmented reality network Octi.

Snapchat’s Stories format has been widely cloned, most famously by Instagram and Facebook, but with versions in various states of development for YouTube, Twitter, LinkedIn, SoundCloud, and more. Snapchat hopes to retain some grip on Stories and dissuade more copycats by letting developers bake the original version into their apps rather than building a bootleg attempt from scratch.

If you need Snapchat to share Stories to popular apps, that could boost content production plus subsequent viewership and ad impressions inside of Snapchat, remind people to shoot Stories, and make sure having a Snapchat account stays relevant. “We definitely think there’s a potential for monetization in App Stories but not yet” Snap’s VP of partnerships Ben Schwerin tells me. For now, Snapchat isn’t injecting ads into alongside Stories into other apps, though that’s clearly the plan.

“There are certain platforms out there that have decided they want to invest in building their own Stories product and their own camera, but it’s not a trivial thing to do. It takes resources and time. We think we think we can help developers do that” Schwerin explains. “Getting more people oput there, regardless of age or where they live, comfortable using Stories probably makes them more likely to be able to pick up and enjoy Snapchat.”

Snapchat initially announced the plan for App Stories at its Partner Summit exactly a year ago. Unfortunately, its second annual developer conference that was set for this week was cancelled due to coronavirus.

Though advertising spend may be reduced, at least the app has experienced an increase in usage while everyone shelters in place. That includes third-party apps built on its Snap Kit platform that lets developers piggyback on Snapchat’s login, Bitmoji, and camera effects.

“We continue to see incredible growth from established apps like Reddit and Spotify and TikTok, and from startups that are really building from the ground up on Snap Kit like Yolo” Schwerin reveals. People are spending more time at home and less time with friends. We’re seeing increased usage of Snapchat.”

Snap Kit has allowed Snapchat to rally would-be copycats into a legion of allies as it fights to stave off the Facebook empire. That strategy combined with a high-performance rebuild of its Android app led Snapchat’s share price to grow from $11.36 a year ago to a recent high of $18.98 before coronavirus dragged almost all the way back down.

For Snapchat to gain momentum it needs two things: a constant influx of new users, eager to use its augmented reality camera and Bitmoji wherever they’re available, and more impressions to monetize with ads after Instagram stole the Stories use case for untold millions of older users. App Stories could help with both.

Now, when people shoot a photo or video in the Snapchat camera, they’ll get options to share it not just to their Story or Snap Map and the crowdsourced community Stories, but also to their Story within other apps integrated with Snap Kit. Users will see options to syndicate their Story to products equipped with App Stories where they’re already logged in.

Unlike on Snapchat where Stories disappear after 24 hours, with they default to a 7-day expiration in other App Stories. That relieves users of having to constantly post ephemeral Snaps to keep their dating or social app profiles stocked with biographical content.

EV startup Damon Motorcycles has acquired the IP of Mission Motors, raised $3 million in funding and announced a special production run of its debut model.

The Vancouver-based venture unveiled the 200 mph Hypersport in January and began taking pre-orders for the e-moto, with a base price of $24,995. Damon has positioned its EV entry as an ultra-fast, smart and safe motorcycle.

In addition to its go-straight-to-jail top-speed, the Hypersport boasts 200 miles of highway range, 147 ft-lbs of torque, charges to 80% in 20 minutes and weighs less than 500 pounds, Damon CEO Jay Giraud told TechCrunch earlier this year.

These features, along with digitally controlled riding-modes, are just part of Damon’s signature. The seed-stage startup has also engineered the cloud-connected Hypersport with proprietary safety and ergonomics technology that provide adjustable riding positions and blind-spot detection.

Damon packed a lot into its latest announcement and shared some insight on appealing to the elusive millennial market and weathering the economic tremors of the COVID-19 crisis.

On the acquisition, the startup purchased the IP of Mission Motors, a now defunct San Francisco e-motorcycle venture that powered down in 2015. Though Mission’s EV development outran its capital, the company’s motorcycles achieved a number of performance benchmarks and captured the attention of Jay Leno.

Mission Motors was also one of first e-moto companies to roll into the competition arena, fielding an entry in the famed Isle of Man TT race in 2009.

Damon will draw on Mission’s product and racing tech, including the company’s full stack development for EV drive-trains and battery power.

“There are certain bits of that we’re going to roll into the commercialized Hypersport,” Damon COO Derek Derek Dorresteyn told Techcrunch on a call with CEO Jay Giraud.

“Specifically, we’re using the motor development that they had as a platform to advance our motor design…We’re looking at achieving 12 newton-meters per kilogram of torque output from an electric motor,” Dorresteyn said.

Giraud explained that could translate to Damon producing an electric motorcycle with roughly 160 kilowatts of power, 200 horsepower and 200 ft-lbs of torque. That would outdo one of the fastest production e-motorcycles, Energica’s EGO, with 145 horsepower and 159 ft-lbs of torque.

On funding, Damon Motors now has $3 million in additional capital, raised at the pre-seed level from undisclosed angel investors.

The startup will use the backing on product development and accelerating time to market, Giraud said.

Damon’s founder also noted that the company was on track to fill its initial target of 1000 pre-orders for both its Hypersport standard and Premiere models. As such, the startup will extend orders on a limited run, $34,995 Hypersport Premiere founder edition in two different color-schemes: Arctic Sun and Midnight Sun.

Damon is highlighting the demographics of those placing deposits on its Hypersport e-motorcycles.

“Half the people ordering are under the age of 40,” said Giraud. “It really speaks to product market fit.”

The ability to draw millennials to motorcycle purchases is significant, given they’ve been the hardest market segment to crack. Young buyers used to be a mainstay of the industry, but the last 10 years have seen sharp declines in motorcycle ownership by everyone under 40, according to Motorcycle Industry Council stats.

Damon believes its proprietary tech and plans for a direct-to-consumer sales and service model can attract affluent younger buyers and the Tesla crowd to its fast and safe motorcycles.

Though TechCrunch hasn’t yet ridden a Hypersport, the two-wheeler’s specs offer unique features compared to any current production gas or electric motorcycle. On safety, Damon’s CoPilot system uses sensors, radar and cameras to track moving objects around the motorcycle and alert riders to danger.

The startup’s debut EV also brings smart ergonomics in Damon’s patented Shift system that allows riders to electronically adjust the motorcycle’s windscreen, seat, foot-pegs and handlebars to different riding positions and conditions.

Even with the demand Damon has seen for the Hypersport, it still faces a stagnant motorcycle market that has become crowded with EV competitors.

Harley Davidson introduced its all electric LiveWire in 2019, becoming the first of the big gas manufacturers to offer a street-legal e-moto for sale in the U.S.

Harley’s entry followed several failed electric motorcycle startups — including Mission Motors — and put it in the market with existing EV ventures, such as Italy’s Energica and U.S. startup Zero  — which launched its $19,000, 120 mph SR/F in 2019.

On top of strong competition in the e-moto space, there’s a growing uncertainty on the buying appetite for motorcycles of any kind that could exist for the remainder of 2020, and potentially beyond, given the COVID-19 pandemic gripping the world.

As of this week, Harley Davidson had halted all motorcycle production due the coronavirus and Energica confirmed to TechCrunch it had shutdown all operations per a decree of the Italian government.

Zero Motorcycles — located in Scott’s Valley, California — is still producing motorcycles “following the standard health orders of the CDC”, according to a company spokesperson.

Damon’s leadership believes the company can power through whatever lies ahead. The company has a global supply-chain across Europe, Asia and North America, but builds its battery packs and assembles its motorcycles in Canada .

“There are real challenges to get anyone to do anything today. We don’t expect that to be true forever,” COO Derek Dorresteyn said of supply-chain and meeting production demand. 

CEO Jay Giraud believes the current situation with COVID-19 will likely create an economic slump that could drag on longer than the 2008 Great Recession.

On how Damon Motorcycles will manage, “Like every core startup in the world, we’re gonna have to raise a lot of money no matter what. But we’re in a good place right now,” he said.

Disney said on Tuesday that it will launch its streaming service, Disney+, in India on April 3. The service, available globally in about a dozen markets, will launch in India on Hotstar, one of the most popular on-demand streaming services in the country that is also owned by Disney.

The company said it is raising the yearly subscription price of the combined entity, Disney+Hotstar, to Rs 1,499 ($20), up from  Rs 999 ($13.2). TechCrunch reported last year that Disney+ will launch in India in 2020 and will increase its subscription cost.

Hotstar, which claimed to have amassed 300 million monthly active users during the cricket season in India last year, would continue to offer an ad-supported service that it will offer to users without a charge. But it is increasing the cost of all its premium tiers.

The $20 yearly subscription tier will offer over 100 series and 250 superhero and animated titles, including Disney+ Originals and shows from HBO, Fox, and Showtime, the company said.

More to follow…

Xiaomi ended 2019 on a high, reporting a 27.1% year-over-year jump in the fourth-quarter revenue aided by overseas expansion, beating analysts’ estimation. 

The Chinese giant said sales in the fourth quarter jumped to 56.5 billion yuan ($8 billion), up from 44.42 billion yuan in the same quarter a year before.

In the fourth quarter of 2019, Xiaomi’s net profit was RMB2.3 billion ($320 million), up 26.5% YoY. Refinitiv I/B/E/S had estimated Xiaomi’s Q4 2019 revenue to be $7.83 billion and the net income at $264 million, it told TechCrunch. 

Xiaomi said its cash reserves had improved and it planned to continue to invest in international regions such as India, its biggest overseas market. Xiaomi executives said on a conference call with reporters that they hope that the 21-day lockdown imposed by New Delhi earlier this month to contain the spread of the coronavirus outbreak, which has put an absolute halt to purchase of non-essential goods, would “show signs of recovery” in two to three months.

The company said its production was already up to 80% of its capacity. The company’s Android-based MIUI operating system now has 309.6 million monthly active users, up from 292 million in September last year.

“Despite headwinds from the Sino-US trade war and global economic downturn, Xiaomi stood out in 2019 with a commendable set of results as our revenue exceeded RMB200 billion for the first time,” said Lei Jun, Xiaomi founder and chief executive.

“While the entire world is still under the dark shadows of COVID-19, we have maintained our keen focus on efficiency to tide over this economic ‘black swan’ with everyone. At Xiaomi, we firmly believe that our long-term business success is underpinned by technological innovations, and to that effect, we plan to invest RMB50.0 billion in the next five years, as we relentlessly focus on technological innovation and user experience to grow our loyal Mi Fan base,” he added.

More to follow…

Xiaomi ended 2019 on a high, reporting a 27.1% year-over-year jump in the fourth-quarter revenue aided by overseas expansion, beating analysts’ estimation. 

The Chinese giant said sales in the fourth quarter jumped to 56.5 billion yuan ($8 billion), up from 44.42 billion yuan in the same quarter a year before.

In the fourth quarter of 2019, Xiaomi’s net profit was RMB2.3 billion ($320 million), up 26.5% YoY. Refinitiv I/B/E/S had estimated Xiaomi’s Q4 2019 revenue to be $7.83 billion and the net income at $264 million, it told TechCrunch. 

Xiaomi said its cash reserves had improved and it planned to continue to invest in international regions such as India, its biggest overseas market. Xiaomi executives said on a conference call with reporters that they hope that the 21-day lockdown imposed by New Delhi earlier this month to contain the spread of the coronavirus outbreak, which has put an absolute halt to purchase of non-essential goods, would “show signs of recovery” in two to three months.

The company said its production was already up to 80% of its capacity. The company’s Android-based MIUI operating system now has 309.6 million monthly active users, up from 292 million in September last year.

“Despite headwinds from the Sino-US trade war and global economic downturn, Xiaomi stood out in 2019 with a commendable set of results as our revenue exceeded RMB200 billion for the first time,” said Lei Jun, Xiaomi founder and chief executive.

“While the entire world is still under the dark shadows of COVID-19, we have maintained our keen focus on efficiency to tide over this economic ‘black swan’ with everyone. At Xiaomi, we firmly believe that our long-term business success is underpinned by technological innovations, and to that effect, we plan to invest RMB50.0 billion in the next five years, as we relentlessly focus on technological innovation and user experience to grow our loyal Mi Fan base,” he added.

More to follow…

Monzo, the U.K. challenger bank with over 4 million account holders, is taking a number of precautionary steps to help see it through the current coronavirus downturn, including voluntary furloughs and its CEO forgoing a salary, TechCrunch understands.

In an internal company-wide memo issued by co-founder and CEO Tom Blomfield, he tells the bank’s over 1,500 staff that he won’t be taking a salary for the next twelve months, and that the senior management team and board have volunteered to take a 25% cut in salary, as have other “Monzonaughts” within the company.

In addition, a limited number of Monzo’s U.K. employees are being offered voluntary furloughing for two months, as part of the scheme rolled out by the U.K. government to protect jobs during the coronavirus lockdown, which is already impacting many companies — not just Monzo — including several other fintechs I know of. Furlough ensures that employees still get paid even when work has decreased and that when things hopefully return to normal there is a job to come back to.

Although well capitalised, like other banks and fintechs, Monzo has seen customer card spend reduce at home and (of course) abroad, meaning it is seeing less revenue from interchange fees. New account signups have also slowed, as has customer support requests. It therefore makes sense to utilise the furlough scheme to help protect jobs in the future when demand picks up again. By making it voluntary, it also means staff with kids to home school or loved ones to take care of, can use the option to hopefully make their lives easier for the time being.

Specifically, I understand Monzo is accepting up to 175 furlough applications in customer support, and up to 120 applications from other parts of the business.

Meanwhile, it’s not clear if other U.K. challenger banks are also using the government’s furlough scheme. I’ve asked Starling and Revolut, for example, but have yet to hear back. As already mentioned, the scheme is available to U.K. companies right across the board and several startups, including fintechs, have already applied furloughing as a pre-cautionary measure.

Lastly, it should be stressed that none of the above should impact customers at Monzo, which, as a digital bank, is pretty well-positioned to operate during lockdown and with all staff already working from home. It is also a fully licensed bank, with customer deposits up to £85,000 protected as part of the U.K. government’s deposit protection scheme.

Uber co-founder Garrett Camp is relinquishing his role as a board director and switching to board observer — where he says he’ll focus on product strategy for the ride hailing giant.

Camp made the announcement in a short Medium post in which he writes of his decade at Uber: “I’ve learned a lot, and realized that I’m most helpful when focused on product strategy & design, and this is where I’d like to focus going forward.”

“I will continue to work with Dara [Khosrowshahi, Uber CEO] and the product and technology leadership teams to brainstorm new ideas, iterate on plans and designs, and continue to innovate at scale,” he adds. “We have a strong and diverse team in place, and I’m confident everyone will navigate well during these turbulent times.”

The Canadian billionaire entrepreneur signs off by saying he’s looking forward to helping Uber “brainstorm the next big idea”.

Camp hasn’t been short of ideas over his career in tech. He’s the co-founder of the web 2.0 recommendation engine, StumbleUpon. He’s also founded a startup studio and incubator, Expa Studios and Expa Labs — which has spawned startups like Haus, which is pushing an alternative model for home ownership. More recently he’s been been building Eco: A crypto currency with an energy efficiency twist.

Meanwhile, Uber’s other co-founder, Travis Kalanick, left the company board entirely at the end of last year — having been forced out of the CEO role in 2017 following a shareholder revolt by prominent investors at the height of controversy around Uber’s toxic workplace culture.

At the time, Camp said the culture controversy at Uber had left him “upset and deeply reflective“. And he backed replacing Kalanick as CEO — helping to bring in Khosrowshahi, who remains at Uber’s helm.

Ryan Graves — Uber’s first employee and first CEO — also left the board last year, shortly after the IPO.

We’ve reached out to Uber for comment on the latest board change.

D-Wave, the Canadian quantum computing company, today announced that it is giving anyone who is working on responses to the COVID-19 free access to its Leap 2 quantum computing cloud service. The offer isn’t only valid to those focusing on new drugs but open to any research or team working on any aspect of how to solve the current crisis, be that logistics, modeling the spread of the virus or working on novel diagnostics.

One thing that makes the D-Wave program unique is that the company also managed to pull in a number of partners that are already working with it on other projects. These include Volkswagen, DENSO, Jülich Supercomputing Centre, MDR, Menten AI, Sigma-i Tohoku University, Ludwig Maximilian University and OTI Lumionics. These partners will provide engineering expertise to teams that are using Leap 2 for developing solutions to the Covid-19 crisis.

As D-Wave CEO Alan Baratz told me, this project started taking shape about a week and a half ago. In our conversation, he stressed that teams working with Leap 2 will get a commercial license, so there is no need to open source their solutions and won’t have a one-minute per month limit, which are typically the standard restrictions for using D-Wave’s cloud service.

“When we launched leap 2 on February 26th with our hybrid solver service, we launched a quantum computing capability that is now able to solve fairly large problems — large scale problems — problems at the scale of solving real-world production problems,” Baratz told me. “And so we said: look, if nothing else, this could be another tool that could be useful to those working on trying to come up with solutions to the pandemic. And so we should make it available.”

He acknowledged that there is no guarantee that the teams that will get access to its systems will come up with any workable solutions. “But what we do know is that we would be remiss if we didn’t make this tool available,” he said.

Leap is currently available in the U.S., Canada, Japan and 32 countries in Europe. That’s also where D-Wave’s partners are active and where researchers will be able to make free use of its systems.

Chinese e-commerce firm Pinduoduo said on Tuesday it had raised $1.1 billion in a private share placement that will enable its further expansion and capture “additional opportunities” during the times of uncertainty.

The Nasdaq-listed firm said some of its long-term investors financed the deal. The investors were granted newly issued Class A ordinary shares of Pinduoduo representing approximately 2.8% of the company’s total outstanding shares.

The capital raise comes weeks after the Shanghai-based company said it was bracing for losses due to the coronavirus outbreak. The firm’s fourth-quarter revenue growth fell short of expectations.

Pinduoduo, which competes with giant Alibaba, has grown rapidly in recent years after gamifying the shopping experience that allows customers to team up to buy anything from smartphones to fruits.

But the firm’s marketing — promotions and discount coupons — has also widened its losses. In Q4 2019, Pinduoduo reported a loss of about $250 million on revenue of $1.5 billion.

“Pinduoduo surpassed 1 trillion yuan in annual gross merchandise value (GMV) in less than five years, and we are confident that we will see robust growth beyond our current 585 million user base,” said David Liu, VP of Strategy at Pinduoduo, said in a statement.

“The extra funding gives us the strategic flexibility to capture opportunities to further benefit our users, as we bring interactive experiences, such as our new live-streaming features, and wider variety of value-for-money products to them,” he added.

As with e-commerce firms in other parts of the world, Pinduoduo in recent months has focused on fulfilling low-cost protective gear and everyday essentials over everything else.