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Jawbone Is Liquidating
After struggling to stay afloat in the wearables market, Jawbone is now liquidating. According to The Information, Jawbone co-founder and CEO Hosain Rahman is starting a new company, with a surprisingly similar name: Jawbone Health Hub. But according to sources, it will focus on health-related hardware and software services.
eBay Expands Low Price Promise to Europe
France and Germany are the first countries in Europe where eBay shoppers will benefit from eBay’s recently launched Price Match Guarantee program. Like in the US, the program in France and Germany ensures that buyers of its eBay Deals products will pay the same price for those items as offered by the marketplace’s primary competitors in those countries.
Tencent Bringing World’s Top Mobile Game to US, Europe
China-based tech firm Tencent will bring its smash-hit mobile game Honor of Kings to the US and Europe as early as this fall, according to a report from Bloomberg. The game is free to download, but users can make in-app purchases. That model has been highly successful for Tencent; Bloomberg reported Honor of Kings generated as much as $441 million for the company in April alone.
Hong Kong Unveils Ultra-Fast Fixed Broadband
HKT, Hong Kong’s largest telecommunications firm, is rolling out a new service that gives households up to four fixed-line internet connections with speeds of up to 1 gigabit per second (Gbps). While similar internet speeds have been common in Hong Kong, HKT’s use of four dedicated circuits is designed to cater to households running several data-intensive online activities at once, which would normally bog down a home network.
SoundCloud Cuts Jobs, Closes Offices
Berlin-based streaming music service SoundCloud has cut 173 positions—reportedly about 40% of its workforce—and shuttered its London and San Francisco offices in an apparent bid to boost profitability. Company co-founder Alex Ljung said in a blog post that the cost savings will help “ensure our path to long-term, independent success.”
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