Samsung Pay Will Launch Online Payments In the U.S.

Samsung Pay plans a major expansion in the United States next year. Users will be able to make purchases on websites with Samsung Pay, which puts it into more direct competition with services like Paypal, Reuters reports. The mobile wallet platform will be also available on lower-end Samsung smartphones, not just flagship models like the Galaxy S6 Edge.

In an interview with Reuters, Samsung global co-general manager Thomas Ko said Samsung Pay will roll out to more smartphone models next year. The payment platform launched in the U.S. in September and has an advantage over competitors because it can emulate magnetic stripe cards thanks to Samsung’s acquisition of LoopPay, in addition to using NFC technology like Apple Pay and Android Pay.

This means Samsung Pay works with a wider assortment of existing point-of-sale equipment than Apple Pay or Android Pay does.

Ko claims that Samsung Pay is already the most widely accepted mobile payments system in the U.S. because it is compatible with most credit card terminals. Mobile wallets haven’t quite taken off in the U.S. yet, but getting people accustomed to using their stored financial information in Samsung Pay for online purchases may convince them to pull out their smartphones at cashier stands, too.

LinkedIn Rival Viadeo Exits China

Viadeo, the French rival to LinkedIn, is to exit China in order to focus on becoming a profitable business. In a further cost-cutting move, it will also shutter its data center in California and migrate to the cloud.

The company moved into China eight years when it acquired local professional social network Tianji.com, but that site will cease to exist once it is closed down on December 31. Viadeo claims that Tianji has 25 million users, but it has struggled to attract the “very considerable development resources” necessary to drive it forward in “China’s fiercely competitive market”.Viadeo had planned to use one-third of the proceeds from its 2014 IPO to develop Tianji.com, but the listing didn’t raise enough capital and the firm wasn’t able to pull in money from private investors.

“In the first half of 2015 the company went looking for an investor, buyer or local partner, who could guarantee stability and commitment to support it in this market,” Viadeo said in a statement. “However, China’s changing economic conditions marked by a historical slowdown in growth, a major financial crisis in the summer of 2015 and repeated devaluations of the nation’s currency dashed hopes of identifying such a partner.”

Post-China, Viadeo said it will refocus on its home market of France and other French-speaking countries, while putting great emphasis on its B2B sales model.

Viadeo’s foray into China was a fascinating one, since it doubled down on the country in 2011, a time when Twitter and Facebook were heavily linked with opening local operations there. The company two-sided play — having a global site (Viadeo.com) and a China-only one (Tianji.com) — was a model that both of the U.S. social networks had reportedly shown interest in.

In contrast to Viadeo’s troubles in China, LinkedIn seems to be finding some success there. The U.S. social network opened a joint-venture with Sequoia China last year. LinkedIn China isn’t a totally separate site, but it does block some content from China based on the country’s web censorship regulations.

The perfect son

A: I have the perfect son. 
B: Does he smoke? 
A: No, he doesn't. 
B: Does he drink whiskey? 
A: No, he doesn't. 
B: Does he ever come home late? 
A: No, he doesn't. 
B: I guess you really do have the perfect son. How old is he? 
A: He will be six months old next Wednesday.