11/11 shows biometrics are the norm for payments in China

Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles’ Day – the world’s largest shopping event – and hauled in $30.8 billion in total transactions, a staggering amount bigger than Cyber Monday and Black Friday combined.

Report: NYC and Arlington, VA win the contest for Amazon’s split East Coast headquarters

New York City and Arlington, Virginia have reportedly won Amazon’s lengthy and highly-publicized pageant for the locations of its new headquarters, beating out 238 other contestants. According to the Wall Street Journal, which broke the news, an official announcement may come as early as Tuesday. The offices will be located in Long Island City, across

Arbitration with Uninformed Consumers

Using data on securities disputes, this study of information advantages in consumer arbitration finds that industry-friendly arbitrators are 40 percent more likely than consumer-friendly arbitrators to be selected to take on arbitration cases. Limiting respondents’ and claimants’ inputs over the selection process could improve outcomes for consumers. Source link

YouTube VR finally lands on the Oculus Go

Today, Google’s YouTube VR app arrives on the $199 Oculus Go, bringing the largest library of VR content on the web to Facebook’s entry-level VR device. YouTube brings plenty of content in conventional and more immersive video types. It’s undoubtedly the biggest single hub of 360 content and native formats like VR180, though offering access

Comics legend Stan Lee has died

Stan Lee, likely the best-known and most beloved comics writer of all time, has died at the age of 95. “Stan Lee was as extraordinary as the characters he created,” said Disney CEO Bob Iger in a statement. “A super hero in his own right to Marvel fans around the world, Stan had the power

BlaBlaCar to acquire Ouibus and offer bus service

French startup BlaBlaCar is announcing plans to acquire Ouibus, the bus division of France’s national railway company SNCF. For the first time, BlaBlaCar is moving beyond carpooling and plans to offer both long-distance carpooling rides and bus rides. BlaBlaCar already ran a test with Ouibus for the past six months on popular corridors. It looks