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Four Indian Startups Garner $8.5M From Samsung Venture

PYMNTS

Samsung Venture Investment Corporation (SVIC) announced on Wednesday (July 10) an $8.5 According to Aloknath De, corporate vice president and chief technology officer at Samsung R&D Institute in Bengaluru, SVIC focuses its tech investments on early stage and growth-stage Indian startups in India.

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Samsung Pay Crosses 1.3 Billion Transactions, But Falls Short of Apple Pay

Bank Innovation

As it makes its way to South Africa and continues to amass impressive partnerships with the likes of Alipay and PayPal, Samsung Pay might have completed three years in the mobile payments market, but its numbers still lag its main rival, Apple Pay. Samsung revealed yesterday that it had completed 1.3

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Samsung Electronics Catching Up To Alibaba In Terms Of Market Cap

PYMNTS

Alibaba Group Holdings , China’s largest eCommerce company, is being put on notice in terms of its dominant position from a stock perspective, with Samsung Electronics catching up. As of the close of trading on Thursday, The Wall Street Journal reported Samsung shares were at $1,480. On Thursday (Aug. Reports point to Sept.

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Samsung Invests $2.9M In French Crypto Co.

PYMNTS

Samsung has invested 2.6 French media outlet Capital was the first to report the news, and Ledger’s CEO Eric Larchevêque confirmed the report shortly after on Twitter. In his tweet, Larchevêque noted that while hardware wallets are still needed, the smartphone will play a “central role” in the crypto market.

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Samsung To Create AI Center To Scout New Biz Opportunities

PYMNTS

Samsung Electronics is gearing up to create an artificial intelligence (AI) research center, designating an executive role to search for new business, according to news from Reuters. Citing a statement by Samsung Electronics, the move would enable the South Korean consumer electronics giant to respond quickly to changes in the market.

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Samsung Snags Auto Parts Supplier Harman For $8B

PYMNTS

In what will be its largest acquisition to date, South Korean electronics giant Samsung has announced it will buy U.S. The big buy of the Connecticut-based firm instantly vaults Samsung into the world of automotive technology in a big way. Samsung now finds itself at the table with Toyota supplier Denso Corp., s air-bag recalls.

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Stop Using Your Samsung Galaxy Note 7 Smartphone NOW, Watchdog Warns

PYMNTS

If you have a Samsung Galaxy Note 7, turn it off. Thus spake Samsung Electronics, the smartphone’s maker, in conjunction with the U.S. Investors continued to dump Samsung’s stock, and the shares were off nearly 4 percent to end Friday’s session. Samsung Electronics’ common shares were down 6.3 Do not use it.

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