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Online Food Delivery App Deliveroo Has Opened Its First Brick-And-Mortar Location In Hong Kong City

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According to a CNBC report, the online food delivery startup Deliveroo has just opened its first brick-and-mortar location in Hong Kong City. The startup stated in a press release that the location will feature five popular restaurants that will offer a variety of global dishes such as Shanghai noodles and Hawaiian fish. In this brand new hybrid concept launched by Deliveroo, the customers can walk in and order food to go from these restaurant partners and even place orders for home delivery. As per the company’s plan, if this hybrid concept works out well, then they will open more stores in other countries. The storefront is known as Deliveroo Food Market, which also happens to be the same name as the recently launched deliveroo’s service that gives its customers the ability to select the various dishes from different restaurants in a single online order. The newest store is also an expansion on its editions program which is like a co-working space that allow restaurants to expand where they can do  deliveries without building any sort of additional locations. 

A fairly similar concept to what Deliveroo has just started are called Virtual Kitchens, which have been around for quite a time now. But so far not many delivery services in the market have opened restaurants in which you can actually walk inside. There is also a chain of mostly automated grocery stores called Hema that promise 30-minute deliveries, launched by the Chinese online behemoth Alibaba. The newly developed trend is also taking place on a more local level. For example: Chicago Foxtrot allows its users to order items such as liquor, food, and other essentials through their app and also has tons of cafe-like stores around the city where loyal app users can redeem in-store rewards. Even last year, a chef by the name of David Chang started Ando, which initially operated as mainly a delivery-only concept but later expanded into a physical location in New York City. Unfortunately, it closed shortly after when Uber Eats bought Ando in 2018. 

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Oracle CEO Larry Ellison Just Took $1 Billion Stake In Elon Musk’s Tesla

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Larry Ellison

Larry Ellison, the guy who founded Oracle Inc. just acquired a 1.75% stake in Elon Musk’s Tesla, which roughly translates to around 3 million Tesla shares for a billion dollars. With Elon Musk being Tesla’s CEO and the largest shareholder, Ellison becomes the companies second biggest independent investor after he indirectly invested in the company through the Lawrence J Ellison Revocable Trust.

Two weeks ago, Ellison joined Tesla’s board of directors and after a regulatory filing seen this Tuesday, this holding was confirmed. Shortly after that, the companies shares bumped up to 0.1% getting it to close at $335.35

According to the Forbes Billionaires List 2018, Ellison made the cut as the worlds 10th riches person with a net worth of $58.5 billion. Reports suggested that according to an analyst meeting held in October 2018, his personal stake in Tesla is his second-largest holding.

Elon Musk

2018 wasn’t Musk’s year after all the ups & downs (mostly downs) he went through like him stepping down as Tesla’s chairman due to the SEC settlement made over fraud charges for him wanting to perform a private buyback at shareprice of $420 of the company and stating that he had financing and investor support to do the same.

That led to the Securities and Exchange Commission looking into Tesla and claiming that the above said claims made by him were false, misleading and affected Tesla’s stock. They also faced over not being able to reach production goals and not being able to complete delivery promises due to all the production delays, including all the back slash they recieved for not having proper working conditions.

ALSO READ: JAPANESE BILLIONAIRE BREAKS THE RECORD FOR MOST NO. OF RETWEETS

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BitTorrent Just Launched Their New Cryptocurrency Token

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Just six months ago, BitTorrent was acquired by Justin Sun – CEO of TRON. BitTorrent’s newly appointed CEO but a long time executive Rogelio Choy left the firm 6 months after this acquisition and call it a coincidence or not, this news comes as BitTorrent decided to launch their own cryptocurrency, the company announced Thursday that they would be adding a cryptocurrency known as BTT as a part of their uTorrent clientele.

https://twitter.com/justinsuntron/status/1080858881641730049

These new BTT tokens would enable users to get faster downloads through paid prioritization by optimizing the network speed, each of which would be featuring the native TRC-10 which is a set of guidelines issued by TRON. It would essentially aim at a process includibg various procedures to attain a decentralized internet. “BitTorrent token is the first in a series of steps to support a decentralized internet. claimed Sun.


“In one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”

Justin Sun

This BTT token would be available on Binance, however, users in the U.S wouldn’t be able to avail them at launch. Adding to that, BitTorrent claimed that this won’t be compulsory for all and user would be able to choose for themselves and there would be an option available to opt out.


 “BitTorrent is a decentralized project by nature, with a large user base, that is now adding a new token economy to their use case. Through Launchpad, BitTorrent will have greater access to resources across the Binance ecosystem. This will be a case study for existing projects.”


Changpeng Zhao, Binance CEO 

SOURCE

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Microsoft Is Reportedly Working To Release New Webcams For Windows 10 And Xbox One In 2019

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The Seattle based tech giant Microsoft is reportedly working to release new webcams for Windows 10 and Xbox One in 2019. Out of those two, one will be designed specifically to bring the new Windows Hello facial recognition to any of the PC with Windows 10 installed on it, while the other one will be made to work for the Xbox One in order to get the legendary Kinect feature back on the gaming station. The Kinect feature lets the Xbox users to sign in automatically by just standing in front of the webcam. Notably, both family members as well as multiple accounts should also be able to work with it.

Earlier this year, in an interview with The Verge, Panos Panay who serves as the chief of Microsoft’s Surface gave a sort of hint about the company’s plan to release new Surface-branded webcams. “Look at the camera on Surface Hub 2, note it’s a USB-C-based camera, and the idea that we can bring a high fidelity camera to an experience, you can probably guess that’s going to happen,” Panos Panay stated in the month of October.

The Surface Hub 2S is now most likely to be released in 2019 along with an upgradeable processor cartridges. However, if the USB-C Surface Hub 2 is released separately by the company, then most probably this same camera could work on any of the Windows 10 PC. As of now, the software pioneer Microsoft has not launched its own Windows Hello camera and as a result of which, a ton of PC owners were forced to rely on alternatives from the other major players in the market such as Creative, Razer, and Logitech to integrate facial recognition to their desktop PCs.

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