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TikTok struck a partnership with "buy now, pay later" service Atome to offer installment payments on its e-commerce marketplace in Malaysia, the latest in the company's e-commerce push into Southeast Asia. TikTok Shop will include Atome as a payment option, which would allow customers to spread deferred payments over three or six months. Atome is the BNPL arm of Singapore-based fintech firm Advance Intelligence Group, which is backed by major investors like SoftBank Vision Fund 2 and Warburg Pincus. The partnership is expected to "drive growth" and "enable merchants and small businesses to offer their customers a convenient and flexible payment option," Jonathan Low, e-commerce lead of strategy and special projects at TikTok Shop, said in a statement on Friday. "By integrating Atome as a payment option on TikTok Shop, we're excited to help drive ecommerce growth and support brands of all sizes," said William Yang, head of commercial at Atome.
Persons: TikTok, Atome, Warburg Pincus, Jonathan Low, William Yang Organizations: Advance Intelligence Group, SoftBank Locations: Malaysia, Southeast Asia, Singapore, Atome
Jan 9 (Reuters) - Apple Inc (AAPL.O) plans to replace a Broadcom Inc (AVGO.O) chip from its devices with an in-house design in 2025, Bloomberg News reported on Monday, citing people familiar with the matter. Apple plans to replace Broadcom's Wi-Fi and Bluetooth chip, according to the Bloomberg News report, which added that Apple is the U.S. chipmaker's largest customer. The Cupertino, California-based company accounts for about 20% of Broadcom's revenue. Apple's decision is likely to hit Broadcom revenue by about $1 billion to $1.5 billion, said Stacy Rasgon, an analyst with financial services firm AB Bernstein. Apple and Broadcom did not immediately respond to a Reuters request for comments.
Chinese police conducted random stop-and-search checks on phones, per WSJ and CNBC. The authorities checked for banned foreign apps such as Instagram, Twitter, and Telegram. Some of the dissidents have been turning to foreign apps like Instagram, Twitter, and Telegram to share information on the protests with the outside world and to communicate and organise protests. These foreign social media apps are banned in China, but they can be accessed through virtual private networks, or VPNs. Another video circulating on Twitter appears to show an alleged plain-clothes officer hitting a person who refused to hand over his phone.
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