China’s Huawei willing to transfer 5G technology globally

The story: Huawei founder and CEO Ren Zhengfei has said the company is willing to transfer its 5G technology to facilitate global innovation.

More about the story: “We are open to transferring all of our 5G technologies, not just licensing production to others. This will include source programs and source code to all the hardware design secrets as well as the know-how, and the chip design,” Zhengfei said during the opening ceremony of its intelligent mining innovation lab in Taiyuan.

Also Read: IMDA announces US$22M grant to support startups driving mass 5G adoption

Despite countries like the US, the UK and others barring Huawei products due to security issues, Zhengfei feels that countries must work together to develop their economies for the larger good of benefitting societies.

India’s decacorn Byju’s to acquire rival Toppr for US$150M

The story: India’s decacorn Byju’s is looking to acquire Toppr for about US$150 million, according to KrAsia.

Why the acquisition?: Toppr is the only other well-known platform for K-12 students and has a total user base of 13 million. This acquisition will immediately establish Byju’s as the market leader in the education space in India.

More about the story: “The two companies have been in talks for over two months and it has now reached an advanced stage,” Entrackr said. “The deal that would value over US$150 million is likely to be closed and announced soon,”.

“Byju’s sees Toppr as a formidable player in K-12 space and the acquisition will bolster its positioning in the space. The transaction will largely consist of cash along with a little equity,” it added.

Byju’s has also acquired WhiteHat Jr., a Mumbai-based coding platform last year.

About Byju’s: An education-focused platform that offers engaging learning programs for students in LKG, UKG, classes 1 -12 (K-12), and competitive Indian exams like JEE, NEET, and IAS.

WizKlub raises US$825K to help young children build up their cognitive skills

The story: Indian edutech startup WizKlub has raised US$825,212 in a pre-Series A round from Incubate Fund India.

What the funds will be used for?: To accelerate growth and run rate.

About WizKlub: A cognitive development platform for children aged 5-15 years to help them build skills through HOTS (Higher Order Thinking Skills) and SmartTech programs.

Also Read: Ecosystem Roundup: Traveloka picks JPMorgan for US listing via SPAC; E-commerce to further thrive in Vietnam

The WizKlub SmartTech Program enables children to create tech products by application of coding, robotics, smart devices, and AI. Its latest product is called ‘WizGear’, where a child gets a new product module to code and build, every month.

Image Credit: Unsplash

The post In brief: Huawei willing to transfer 5G tech globally; Byju’s to acquire rival Toppr for US$150M appeared first on e27.

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