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It looks like Uber is very successful in China right now, with the ride sharing giant saying it is logging over 1 million daily rides in China. Keep in mind, that's more than the company was logging in every single market it is in across the world, as of December 2014.
Uber CEO Travis Kalanick has said that the company wants to raise $1 billion in orders to boost its dominance in China, with the company claiming that trip volume is climbing in Chinese cities faster than it is in New York City. But by how much? Well, Chengdu is logging 479 times the trips that NYC was logging at the 9-month mark, with Hangzhou logging 422 times as many trips. You'd think that these cities had more people living in them when compared to NYC, but that's not the case - Chengdu is home to 4.3 million, while Hangzhou is home to 2.5 million.
The growth that Uber is experiencing in China seems unstoppable at this point in time, with the company creating 100,000 "new full time equivalent jobs per month" according to Kalanick. With Uber only operating in 11 cities across China, most of this growth can be attributed to the heavily promoted service 'The People's Uber', which sees Uber not taking commission from completed rides.
ASUS has reportedly shown interest in purchasing smartphone maker HTC, as the company's difficulties are only mounting even more.
The Taiwanese smartphone manufacturer has slashed its sale forecast up to 35 percent, with its stock value dropping almost 20 percent combined over two days earlier in the week. If a company wants to swoop in and snag HTC, it would seem like now might be the right time to consider takeover attempts.
"Our chairman has chatted about the topic internally," said David Chang, Chief Financial Officer at Asustek, in a statement to Reuters. "Still, the chances of an actual takeover are not big as Asustek is a company that has depended on organic growth."
Silk Road founder Ross Ulbricht received a life sentence without the possibility of parole, and his attorneys are appealing the court's ruling. Specifically, he received two life sentences, along with three lesser sentences that would be served concurrently.
Silk Road operated from 2011 until 2013, where thousands of drug dealers, drug users, and others exchanged illegal narcotics. Not surprisingly, Joshue Dratel, one of Ulbricht's attorneys, said the sentence handed down was "unreasonable, unjust and unfair" - and they will work to have the sentence reduced.
"I wanted to empower people to make choices in their lives for themselves and have privacy and anonymity," Ulbricht said while trying to defend his actions in creating Silk Road. "I'm not a self-centered sociopathic person who wanted to express inner badness."
Spotify is currently the king of streaming music, and doesn't seem concerned about Apple's effort to break into the market. Spotify has increased the number of paying customers from 25 percent in January up to 26.7 percent, as the company woos users to pay $10 per month for ad-free music.
In January, the company announced it had 15 million paying subscribers and 60 million active users - but has recently updated those figures:
"What a difference a year makes! At the end of May 2014, we reached 10 million paying subscribers and 40 million active users," according to a Spotify blog post. "Today, we have reached more than 20 million subscribers and more than 75 million active users."
When it comes to Elon Musk and his role in Tesla and SpaceX, many would call him a disruption and innovator. However, Musk recently said he's "not really a fan" of tech disruption, and it seems he's more interested in trying to create real-world solutions for issues that matter.
"If there's a need for something to be disrupted and it's important to the future of the world then sure, we can disrupt it," Musk said during the Edison Electric Institute's conference.
SpaceX is focused on space research to help transport supplies and ferry astronauts into space, while Tesla designs and sells electric vehicles. The company recently announced the Powerwall solar product to power homes and businesses.
As expected, Apple Music was officially unveiled during the company's WorldWide Developer Conference (WWDC) in San Francisco today. The latest addition to the streaming market will cost $9.99 per month, or $14.99 per month for a family plan of up to six users.
The new Apple service will have more than 30 million songs available to music listeners. "In 2015, the music industry is a fragmented mess," said Jimmy Iovine, Beats Electronics co-founder, during WWDC. "That's why Apple intended to bring curated radio, personal collections, an on-demand catalog and interaction with artists all-in-one place."
Apple Music will launch for Mac and iOS products on June 30, with Microsoft Windows and Google Android releases scheduled for this fall.
During its World Wide Developers Conference in San Francisco, Apple will announce its shiny new music streaming service. iTunes once was a music juggernaut for paid downloads, but consumers have migrated towards streaming music - and Apple wants to find a way to cash in.
Sony Music CEO Doug Morris thinks Apple's jump into the market will liven up streaming music:
"What does Apple bring to this? Well, they've got $178 billion dollars in the bank. And they have 800 million credit cards in iTunes. Spotify has never really advertised because it's never been profitable. My guess is that Apple will promote this like crazy and I think that will have a halo effect on the streaming business. A rising tide will lift all boats - it's the beginning of an amazing moment for our industry."
The Motion Picture Association of America (MPAA) wants help from the US federal government in combating piracy, claiming there is a correlation between piracy and rising cybersecurity problems. Cybercriminals use the lure of pirated content to help infect users with malware, or scam Internet users, according to the MPAA.
This is a clever tactic by the MPAA, as the US government has increased worries related to cybersecurity - and trying to tie the two issues together could lead to increased anti-piracy efforts.
"Unfortunately, criminal enterprises are also using the Internet to hack into networks and computers for the purpose of stealing valuable data - whether personally identifiable information, trade secrets, or content," said the MPAA, responding to a cybersecurity threat assessment from the Department of Commerce Internet Policy Task Force (IPTF).
Streaming music service Tidal has launched a desktop music app, currently in beta for both Microsoft Windows and Mac. Curious music listeners can take Tidal for a spin with a one month trial of two different subscription plans.
The app allows subscribers to search through 30 million songs, but they are unable to browse the high-quality video library. In addition, there is no gapless playback, but the company is expected to alter how its mobile and desktop apps operate.
Students will also receive a discount, and instead of paying $10 or $20 per month, anyone with a .edu email address pay $5 or $10 per month.
Computex 2015 - Adding to the wacky lineup of products on display across multiple companies this year in Taipei is GIGABYTE's selfie generating product - the Selfie Assistant.
Said to provide you with a great tool to record and track a speaker during an important meeting or class lecture, this product also takes group selfie pictures by using face tracking technology alongside 360-degree panorama support.
Featuring an infrared remote control and smart recording, this product is certainly more than the title may suggest.