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Google For Entrepreneurs Adds First Partner in China

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ChinaMany of Google’s services are blocked in China, although the company is still finding ways of maintaining ties with startups there. Today People Squared, which runs tech hubs in Beijing and Shanghai, announced that it has joined the Google for Entrepreneurs program. This means it will get financial backing for operational expenses from Google and its startups will have access to the program’s resources, including co-working spaces around the world.

While services like Gmail and Google search are extremely difficult to access even with a VPN, Google has (along with other companies like Facebook and Twitter) managed to maintain a presence in China.

For example, Google Analytics still analyzes traffic to sites there. More importantly for developers in China, Google allowed them to start making money through Google Play in 2014, as long as they sell apps in other countries. But Chinese Android users, who have relied on alternative app stores for years, will likely get access to Google Play this year, making it even more important for Google to keep a foothold in the startup community.

People Squared says that the 300 startups based in its hubs have raised a total of $300 million so far. They now have access to the 25 co-working spaces around the world in the Google for Entrepreneurs network, its mentoring programs, and six campuses in London, Madrid, Sao Paulo, Seoul, Tel Aviv, and Warsaw.

This is the fifth startup program in the Asia-Pacific region that Google for Entrepreneurs has partnered with so far. The others are Fishburners in Sydney, Australia,; Nest i/o in Karachi, Pakistan; 10,000 Startups in New Delhi, India; and Maru180, which runs Google’s Seoul campus.

Surge Sets Netflix on Track for 150M Customers by 2020

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Netflix_

Record growth in 2015 shows Netflix to be well on its way to achieving its goal of 60-90 million US streaming customers and a global base of 150 million by 2020 according to a report by Enders Analysis.

International expansion will at least double Netflix’s global base over the next five years and enable it to move far ahead of the competition (Amazon, Hulu, HBO and Disney), the latter which has been recently cited as a potential buyer for the subscription video-on-demand (SVOD) leader.

Daily Mail Publisher in Early Talks to Take Over Yahoo!

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yahoo-logoThe owner of the Daily Mail is in early discussions over a bid for the ailing US internet company Yahoo.

A spokesman for the DailyMail.com said that, given the success of that site and Elite Daily, it has “been in discussions with a number of parties who are potential bidders”.

He said the talks are in a very early stage and there is no certainty any transaction will take place.

Foxconn to buy 66% stake in Sharp for $3.5B

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FoxconnFoxconn has reached an agreement to pay $3.5 billion to buy a majority 66% stake in Sharp — a stake that could climb to 72% after June 2017.

Foxconn was especially interested in the Japan-based company as a display-maker for Apple iPhones, and the funds will help Sharp ramp up organic light emitting diode display production.

Bill to Legalize and Regulate Professional MMA Passes 113-25

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MMA-NYUFC Chairman and CEO Lorenzo Fertitta applauded the overwhelming, bipartisan New York State Assembly passage of legislation to legalize and regulate professional mixed martial arts (MMA) in New York. The passage of A.2604-C, sponsored by Joseph Morelle and 72 other Assembly sponsors, means the bill has now passed both houses and will be sent to Governor Andrew Cuomo for approval.

Fertitta stated: “This has been a long time coming and on behalf of our New York UFC athletes and fans, I want to offer heartfelt thanks to Speaker Heastie, Majority Leader Morelle and all the Members of the Assembly – Democrats and Republicans – who voted for this bill.

“Joe Morelle has worked tirelessly to educate his colleagues and build support for legalizing professional MMA and regulating both professional and amateur MMA. He has worked closely with Senator Joe Griffo, who has shepherded this effort in the Senate, where the bill has passed with strong bipartisan support for the last seven years, and MMA fans owe both a huge debt of gratitude,” Fertitta said.

Fertitta noted all the support the bill has garnered over the last several years.

“New York’s amazing arenas – upstate and downstate – have worked with us to advocate passage of this bill. So, too, have restaurants, hotels, businesses and others who recognize the economic value professional MMA can bring to New York,” Fertitta said. “Our athletes have been extraordinary. More than 20 have been to Albany to help educate legislators about the fastest growing sport in the world. And our fans have been phenomenal. Through letters and phone calls, rallies and social media, New York’s MMA and UFC fans have lent their voices of support. It took a while, but their voices have been heard.”

UFC has committed to holding at least four events per year in New York for the first three years after professional MMA is legalized and regulated in New York. Fertitta renewed that commitment.

“While there are still additional steps that have to occur before professional MMA becomes a reality in New York, I want to assure our fans that if Governor Cuomo signs the bill into law and the State Athletic Commission puts in place the appropriate regulations, we look forward to hosting our first New York event in the world’s most famous arena – Madison Square Garden, home to so many epic sporting events throughout the decades,” Fertitta said. “We also look forward to scheduling events in Buffalo, Rochester, Syracuse, Utica, Albany, and Brooklyn. We are excited.”

Nike Just Made Back to The Future’s Self-Lacing Shoes a Reality

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The Nike Mag is coming. A reality version of it, at least.

It’s called the Nike HyperAdapt 1.0

The elusive shoe, from the fictional film Back to the Future II, has been something fans have begged Nike to create. Arguably a white whale of shoe enthusiasts, the shoe, power laces and all, had yet to come from Nike’s Portland headquarters and be available to fans on a mass scale. But now, during the holiday season later this year, the company will finally release a shoe with the Nike Mag’s key function: A self-lacing shoe and it’s for athletes.

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