Bundobust shares glimpse at new restaurant in one of Manchester’s most majestic buildings – Manchester Evening News

Bundobust has shared a glimpse at its second Manchester restaurant, with the popular Indian street food experts set to take over a space in the St James building.

‘The Cartway’ within the Grade II-listed building on Oxford Street will also be home to the very first Bundobust brewery.

The space was previously an indoor car park, but will soon house a 150-cover restaurant as well as huge brewing tanks for Bundobust’s foray into craft brewing.

In keeping with their first Manchester location, the new restaurant will be topped by a glass ceiling, as well as enhancing the engineering features left behind from the room’s original use as a road for horse-drawn carts.

amazing

Expected to open in May, Bundobust’s new site will be a ‘south of the city Indian street food palace’, serving up their signature vibrant vegetarian menu.

Since opening in Leeds in 2014, Bundobust has earned glowing reviews from both national and local critics – including the M.E.N.

It joins Ditto Coffee and Robert & Victor as the latest independent operator in the remarkable St James Building, which neighbours the Palace Theatre.

The brewery launch – including the head brewer reveal and core list of beers – will be teased over the coming months through collaborations with high-profile international breweries.

Brand

Bundobust recently opened its third site on Bold Street in Liverpool.

Marko Husak, Bundobust co-founder, said: “The Cartway is an amazing space, and it’s the most ambitious and exciting project for Bundobust so far.

“It has so many amazing original features which we’ve retained and restored to incorporate into the new design.

Read More

The latest food and drink news from the M.E.N.

“The similarities to our current Manchester site (the beautiful glazed white brick, and a skylight/atrium) make it feel like it’s a natural sibling – and there will be similar design cues – but this site will have its own unique look and vibe.

“Based on locals’ response to us in the past three years, we feel that Manchester is big enough to warrant two Bundobust sites, and Oxford Street is the perfect place, as a busy link between the student area and the city centre.

“There are plenty of amazing indies already (Gorilla, The Refuge, Leaf, Deaf Institute, Yes), as well as offices, theatres, and hotels in the area.

“We’re excited to be bringing something new to the mix which complements the existing offering, and for this venue to be the birthplace of Bundobust’s brewery.”

Andrea George, director of retail and leisure at Bruntwood, which owns the building, said: “We’re over the moon to be working with Bundobust on this transformation, which will add to the vibrancy of Oxford Road and further enrich the offering at this exciting and constantly evolving quarter of the city.

“We’ve been looking for the right operator for this fantastic space for some time. The character and original features of this building have incredible potential, which we know in Bundobust’s creative hands will be turned into an amazing concept.

“Bundobust’s innovation and imagination will ensure that the transformation is truly magnificent – theirs is a brand that is made for this extraordinary setting.”

Bundobust’s new restaurant in the St James Building on Oxford Road is due to open this May.

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Facebook Accelerator Startups in Nigeria raises over $500,000 in investments – The Eagle Online

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Startups participating in the second season of the Facebook Accelerator Programme have recorded significant achievements, including raising over $500,000 in committed investments and grants in just three months (halfway through the programme).
Within the same period, they have also made significant product pivots, sealed key partnerships and made progress towards creating unique products with world-class business processes.
These results were recently revealed by Facebook and CcHUB, following its 2019 programmes and training, which took place to support and empower students and entrepreneurs to build locally relevant solutions using advanced technologies at NG_Hub, Facebook’s flagship Community Hub space in partnership with CcHUB.
So far in the programme, the startups have been introduced to multiple venture capitalists and corporate executives and also matched with advisors within the CcHUB Global Advisory network.
These advisors include c-suite executives and experts from companies like Dell, Oracle, IHS Towers, Stanbic IBTC, Cellulant, Old Mutual, Axa Mansard, among others.
Six of the startups contributed to the $500,000 total raised so far, with highlights including:
Chekkit, the only African company to be accepted into a global accelerator, cementing a key partnership for their organisation. They also sealed a partnership with the Fantom foundation for their blockchain product and received a grant from Umdasch Challenge at World Summit Awards 2020.
Haulr emerged second place in the recently concluded Zenith Bank’s hackathon securing N6 million.
Simbi interactives sealed key partnerships and have so far received $35,000+ in investments and grants.
Student team, Vinsighte has completed its prototype that reads books to the visually impaired using computer vision.
AirSynq, completed its balloon satellite prototype and has enterprise clients on the waiting list for its product launch in February.
Gradely launched the beta version of its product, and received its first set of customers, whilst increasing the number of schools they are present in by 200 per cent.
These startups and many more will be showcasing their products and solutions aimed at tackling problems across multiple sectors to corporate executives, multinationals and other potential partners during the annual Facebook Accelerator Programme Innovation Showcase week in February 2020.
Speaking on the development, Adaora Ikenze, Head of Public Policy for Anglophone West Africa at Facebook, said: “The numbers speak for themselves, and further reinforces that the work and investments we are undertaking here in Nigeria are having real impact. At Facebook, we are passionate about helping developers and entrepreneurs to grow. We believe in empowering small businesses through our platforms to help more people launch and grow their businesses, which translates to real impact for their communities and local economies.”
Also speaking, Bosun Tijani, Chief Executive Officer, CcHUB, said: “This is yet another extremely brilliant cohort of startups from the Facebook acceleration programme which we are deeply proud of. This goes to further highlight the readiness of innovators across Africa to leapfrog development on the continent with technological innovation. We are delighted to be part of this journey with Facebook in its desire to inspire African entrepreneurs to be among the best in the world.”
With three months remaining, the cohort of season two of the Facebook Accelerator Programme will be undertaking workshop sessions, faculty one-on-ones, growth planning, Industry Advisor Sessions and mock pitches, rounded off with a demo day in April, the end of the programme.
For more information on the Facebook Accelerator Programme Innovation Showcase, visit www.bit.ly/isw-2020.

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IBB’s Rumoured Death Enough To Regulate Social Media: Lawmaker

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act
Chairman of Senate Services Committee, Senator Mohammed Sani Musa, All Progressives Congress, APC, Niger East says enacting Social Media regulation law in the country is a matter of urgency.

The lawmaker cited the rumoured death of former Military President, General Ibrahim Badamasi Babangida over the weekend, as a good reason to enact the proposed Social Media Bill which he sponsored.

Senator Musa said, “While I join the family and well-wishers of Baba to condemn the rumour, I call on the security agencies to investigate the matter and uncover its source. This nonsense must not be allowed to continue. Perpetrators of such unholy act must be arrested and prosecuted to serve as deterrent to other fake news carriers out there.”

Read Also: It Is Fake News: Spokesperson Reacts To Rumoured Death Of IBB

He added that “Although death is inevitable for every human being, it is however not something to wish someone, not even one’s enemy. It is ridiculous, unthinkable and barbaric for anyone to wish another person death, especially someone of the caliber of General Ibrahim Badamasi Babangida, one of Nigeria’s legends still living.”

He further explained that, “Many Nigerians I believe now see the reason for the enactment of a social media regulation law. Truly, social media have great advantages. They have ushered in a new way of communication and social interactions which have also transformed and simplified human relations and bridged the gap between nations, regions and even continents of the world. Unfortunately, in the last few years, we have witnessed how this great innovation has also given rise to a worrisome phenomenon called fake news – an intent to deceive.

“Such gross insanity that has taken over social media cannot be allowed to continue. If we do not regulate social media by way of legislation, we would wake up one day to realise that our peace and unity as people have vanished. The social media regulation law, therefore, will help in curtailing the merchandise of fake news.”

The post IBB’s Rumoured Death Enough To Regulate Social Media: Lawmaker appeared first on Information Nigeria.

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IBB’s rumoured death: Senator justify call for enactment of social media regulation law — Daily Times Nigeria

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Following the rumoured death of Nigeria’s former military President, General Ibrahim Babangida, the Senator representing Niger East Senatorial District, Senator Sanni Musa has called for the immediate investigation into the source of the rumour

The Senator described the rumour about the death of General Babangida over the weekend as   unfortunate, mischievous and unholy.

He however said it is a call for the enactment of the social media regulation law championed by himself at the senate.

Reacting to the rumour of IBB’s death in a statement on Monday, the Senator said it was ridiculous and shocking for anyone to wish another human being death.

“Although death is inevitable for every human being, it is however not something to wish someone, not even one’s enemy. It is ridiculous, unthinkable and barbaric for anyone to wish another person death, especially someone of the caliber of General Ibrahim Badamasi Babangida, one of Nigeria’s legends still living,” Senator Musa said.

He recalled that in 2019 alone, rumours about the ‘death’ of IBB has made the rounds more than four times, and wondered why anyone would engage in such act.

He said, “In 2019 alone, rumour about the “death” of Baba has made the rounds more than four times. But, the question most people ask is, who is behind the rumour? Why would he or she engage in such act? What does he or she stand to gain? It is indeed bafflingly.”

Senator Sani Musa however said, the rumour of IBB’s death has also given credence to the need for the enactment of a social media regulation law. He said although the social media has positive impact on the society, the lack of regulation has rather made it injurious to the society.

“Many Nigerians I believe now see the reason for the enactment of a social media regulation law. Truly, social media have great advantages.

“They have ushered in a new way of communication and social interactions which have also transformed and simplified human relations and bridged the gap between nations, regions and even continents of the world.

“However, unfortunately in the last few years, we have witnessed how this great innovation has also given rise to a worrisome phenomenon called fake news – an intent to deceive.

“Such gross insanity that has taken over the social media cannot be allowed to continue.

“If we do not regulate the social media by way of legislation, we would wake up one day to realise that our peace and unity as a people have vanished.

“The social media regulation law therefore will help in curtailing the merchandise of fake news,” he added.

He urged security operatives in the country to investigate the source of the rumour and arrest the perpetrators.

According to him, “While I join the family and well-wishers of Baba to condemn the rumour, I call on the security agencies to investigate the matter and uncover its source.

“This nonsense must not be allowed to continue. Perpetrators of such unholy act must be arrested and prosecuted to serve as deterrent to other fake news carriers out there.”

Meanwhile, Senator Sani Musa has prayed for sound health for General Babangida, wishing him long life.

“We, the people of Niger East are proud to be associated with General Babangida and we pray the Almighty Allah continue to grant him good health and strength. We pray he lives to celebrate many more years,” Senator Sani Musa stated.

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IBB’s rumoured death: Call to enact social media regulation ― Sen. Sani Musa – Vanguard News

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By Henry Umoru

Chairman Senate Services Committee, Senator Mohammed Sani Musa, All Progressives Congress, APC, Niger East has reiterated his call for the urgent enactment of Social Media regulation law in the country.

According to him, with the rumoured death of former Military President, General Ibrahim Badamasi Babangida over the weekend, it has become very imperative for the proposed Social Media Bill which he sponsored to be passed by the Senate.

Senator  Musa who described the rumour about the death of General Babangida over as unfortunate, mischievous and unholy.

The Senator who urged security operatives in the country to investigate the source of the rumour and arrest the perpetrators, said, “While I join the family and well-wishers of Baba to condemn the rumour, I call on the security agencies to investigate the matter and uncover its source. This nonsense must not be allowed to continue. Perpetrators of such unholy act must be arrested and prosecuted to serve as deterrent to other fake news carriers out there.”

The Senator who was reacting to the rumour of IBB’s death with shock, in a statement he issued on Monday said that it was ridiculous for anyone to wish another human being death.

Senator Musa said, “Although death is inevitable for every human being, it is however not something to wish someone, not even one’s enemy. It is ridiculous, unthinkable and barbaric for anyone to wish another person death, especially someone of the caliber of General Ibrahim Badamasi Babangida, one of Nigeria’s legends still living.”

The Senator who recalled that in 2019 alone rumours about the ‘death’ of IBB has made the rounds more than four times, and wondered why anyone would engage in such act,  said, “In 2019 alone, rumour about the “death” of Baba has made the rounds more than four times. But, the question most people ask is, who is behind the rumour? Why would he or she engage in such act? What does he or she stand to gain? It is indeed baffling.”

According to Senator Musa, the rumour of IBB’s death has also given credence to the need for the enactment of a social media regulation law. He said although the social media has positive impact on the society, the lack of regulation has rather made it injurious to society.

He said, “Many Nigerians I believe now see the reason for the enactment of a social media regulation law. Truly, social media have great advantages. They have ushered in a new way of communication and social interactions which have also transformed and simplified human relations and bridged the gap between nations, regions and even continents of the world. Unfortunately, in the last few years, we have witnessed how this great innovation has also given rise to a worrisome phenomenon called fake news – an intent to deceive.

“Such gross insanity that has taken over social media cannot be allowed to continue. If we do not regulate social media by way of legislation, we would wake up one day to realise that our peace and unity as people have vanished. The social media regulation law, therefore, will help in curtailing the merchandise of fake news.”

Meanwhile, Senator Sani Musa has prayed for sound health for General Ibrahim Babangida, wishing him long life.

He said, “We the people of Niger East are proud to be associated with General Babangida and we pray the Almighty Allah continue to grant him good health and strength. We pray he lives to celebrate many more years.”

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How to Use Cloud ERP Solutions for Getting Out of Your Investment?

ERP software application is considered as a lifeline for all organizations because it provided deep insights and enhanced exposure of all organizational functions. There are few companies that fall into a classification if Startups and smbs are afraid of making an investment in devoted ERP software application. A reputable ERP software application solution will absolutely increase the organization’s performance. Effective application of ERP software not only increase efficiency however likewise use adequate chances to lower down company functional costs. All monetary data management is the essential factor to identify the sort of centers ERP software is using to an organization.

Cloud ERP services are utilized to manage all core organisation processes with the support of the current innovation. It is nowadays a vital element of all type of markets. ERP software is thought about as a lifeline for all companies because it improved and offered deep insights visibility of all organizational functions. Software has actually successfully empowered the staff members, manager, and employer to make strong decisions.
Today many of the companies can’t perform their jobs effectively without having the software application. All performances of ERP software application helps in handling different service operations. Nearly all operations of the company can be managed easily with a range of incorporated modules. Every specific module is responsible to take care of different particular locations and departments of business i.e. finance, human resource, recruitment, and administration and so on. Nowadays cloud ERP software applicationhelp organizations to automate all top priority and repetitive tasks and provide to enhance reporting.
If SMBs and start-ups are scared of making a financial investment in dedicated ERP software application, there are couple of companies that fall into a category. They’re scared whether the system is expense advantageous and efficient to satisfy all expectations or not. There is a misunderstanding that a company needs to bear service charges at first for successful implementation.If an ERP software application is
implemented in a best way, you’ll have the ability to comprehend that all mistaken beliefs are incorrect. It can wonderfully restore your financial investment and you can improve up the ROI. We are here to share how to you can get maximum ROI from effectively implemented cloud ERP options. How Cloud ERP Solutions Help in Getting Good ROI? Successful ROI objective accomplishment is not simply a dream but can be made with the support of ERP

services. Cloud Adoption ERP itself is a true blessing for all companies. Cloud based ERP solutions might

be considered as

an outcome of all your prayers and answer to address questions. It is not easily readily available in the market however needs possible effort to gain access to reputable service. The most significant benefit of cloud ERP software application services is a less up-front investment. Up-front investment is a major issue for all smbs and startups. They can’t pay for heavy investment at the initial phase of on-premise adoption.
Cloud based ERP software is extremely versatile, trustworthy and adjustable solution for all companies. It has actually effectively taken over the business by simplifying all operations. It is recommended to you that this is a best time to make a financial investment in cloud ERP technology. This is a best move for your company to conserve expense and handle shifts.

Increased Productivity

This is an obvious thing anticipated from ERP solutions. A reputable ERP software application option will absolutely increase the company’s productivity. As said earlier, you’re counting on ERP software indicates all of the important management departments can easily team up with each other. Such cooperation is beneficial for reliable choice making and automating routine tasks that let the staff members save their valuable time. Less time consumption is the best requirement for business to boost productivity.
Cloud ERP options in Saudi Arabia is most significantly improve team internal cooperation. Every department will have a clear concept relating to the major activities carried out by the team. Inter-department activities will be more visible to make it much easier to collaborate and finish tasks by reaching an optimum level of success. Your companies will be able to get more with low effort.

Functional Cost Reduction

Effective application of ERP software application not only enhance performance however also use sufficient chances to lower down organisation operational expenses. There is no more requirement to perform extra time consuming and repeated jobs i.e. information entry and so on. Now whatever offered in the required format. The majority of the jobs of your employees are automated now, for that reason they’ll be able to contribute more to other profitable activities for the company.

Real-Time Updates

Accounts department is the backbone of an organization. All financial information management is the key factor to figure out the sort of centers ERP software is using to an organization. Software application immediately combines all information in the single database and enable the management to keep a routine look at its KPIs.
Easy access to real-time data motivates the managers to take efficient decisions with respect to information accuracy. With few clicks, they’ll have the ability to evaluate the total scenario with any assistance of the specific department. The user-friendly dashboard of cloud ERP software shares all stats in a single view. It improves decision making and enables departments to achieve more in less time.

To Conclude

Combination of different modules in Cloud ERP solutions can link departments and organisations with a single interface. It has significantly enabled the organizations to complete its operations more effectively. Inter-departmental partnership let the management to access precise info and deal with all major issues. Efficient choice making and boosted cooperation immediately enhance decision making and performance.

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Cloud Based HR Software: Best Portal to Manage your Workforce

this is a right time to move. What the Cloud Based HR Management Software Provide to Business? Human resource software is a best tool to share business insights. It is capable enough to deal with all administrative and human resource tasks instantly. All worker performances and management tasks can be kept an eye on.

Management of worker is a vital requirement of all little and big organization. Currently, employee’s handling and monitoring are performed through the tools of infotech. Manual dealing with personnel treatments are quite hard. If you’re a part of growing organisation but haven’t shifted to cloud based HR software this is a correct time to move. What the Cloud Based HR Management Software Provide to Business? Every organization whatever the size is, need to keep complete track of their working with processes and workforce performance. They also need to understand all unimportant and considerable details relating to the everyday efficiency of staff members

. Personnel management software application always supports automatic performance in addition to details tracking of a worker. It also includes the time and participation tracking of staff. Additionally, the usage of the right HR software is to automatic payroll calculation. This automation helps the company is on-time salary payments. Featured HR software, likewise permits an easy access to all employee’s information.

Why Does an Organization Need to Move with HR Cloud?

Collaboration among all department of an organization is essential. In the case of manual working, the opportunities of mistakes are high. Therefore best cloud based HR software is executed to reduce mistakes and support the human resource department. This software application assists the whole organization to simplify their jobs and increase the effectiveness.

All of the sections are directly and indirectly linked to the human resource department. Innovation is supporting in boosting that connectivity.

Human Resource Management Software Benefits

There are a lot of advantages of personnel management software application that encourages a company to embrace it for a effective future.

Efficiency

An HR management software is beneficial to broaden department, staff members and business performance. If somebody has actually effectively executed a personnel management software the productivity of the HR department is undoubtedly going to increase.

It efficiently automates different functions of HR in addition to administration. The most typical features like payroll, administration & & monitoring support the HR in focusing worker associated concerns. Jobs automation enable them to engage with the staff members and hang out with them. They’ll be more focused on staff development, training, and retention.

Mistake Reduction

, if you’re performing tasks manually I may produce mistakes.. Let’s suppose a simple & & very same task is carried out by different departments. There might be the difference in between their working style and estimations etc.

. While preparing payroll, the error of a single error might cause major problems. Such errors are not acceptable for any company. Here, cloud based HR software application minimize all such errors. It supports in improving the performance of the whole organization.

Organisation Insights

Human resource software application is a right tool to share company insights. It is capable enough to handle all administrative and human resource jobs automatically. It shares real-time insights to keep the track of the situation. All employee performances and management jobs can be kept track of. You can generate brand-new organisation techniques and fix a great deal of issues like a high turnover.

How DriveHR help?

DriveHR is a perfect cloud based HR software. It is a mix of different performances to streamline very important treatments. The software application also handles all employee as well as organizational information. It ensures to efficiently run all processes.

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An Overview to Modern Point of Sale Systems

The point of sale systems for retailers is a vital tool to boost sales. Assists in eliminating stressful routines and relieve the discomfort of paper working every day. At the point of purchase, the retailer computes the quantity owed by the consumer and prepares a billing for the consumers. A point of sales system helps a customer make a payment to the retailer in exchange for items bought. After getting payment, the merchant can release an immediately prepared invoice for the deal or can send it electronically

Back in days to determine the amount owed by a client, the seller used different gadgets such as weighing scales, cash registers and barcode scanners. Old electronic money registers were managed through exclusive software and were restricted in function and interaction capability. These procedures were time-consuming and busy. Many of the time, records were miss computed, or double entries were made by error. Such small errors utilized to lead to enormous catastrophes.

Technology improvement has actually alleviated the way retail company treatments utilized to be. To make a payment nowadays, payment terminals, touch screens, and other hardware and software choices are offered now. Thanks to the ERP pos system, these all-new technologies can be integrated with it, but POS comes up now with numerous modules that get rid of the requirement to buy extra hardware products or numerous software.

The pos system for store
is frequently referred to as the point of service due to the fact that it likewise works as a point
of return or consumer order. POS software application includes functions for extra
performance, such as stock management, CRM, financials, warehousing,
stock counting, supplier purchasing, consumer commitment, and reporting modules. Each
of these modules are interlinked for serving practical function and optimize
their usability. Sometimes purchase buying, barcode producing, accounting,
stock moving, quotation providing, and even accounting capabilities are
consisted of.

These functions add a great deal of convenience in regular working and make a seller’s life simple. He does not need to stress over multiple elements at the exact same time while using a pos system for retail shop. Many of all, mistake possibilities remove as the system is managing every stressful stuff. All a retailer needs to do is relay on the system and develop productive ideas for its company development.

POS systems even removed the need for losing time in making cost tags. When adding the stock, it assists in connecting selling prices to the product code of an item. In this way the cashier barely requires to scan this code to process a sale. This can likewise be rapidly done through the stock window if there is a price change. Other benefits add the ability to carry out various kinds of discount rates, a loyalty plan for clients, and more efficient stock control. These features are available in practically all contemporary POS systems.

Businesses are increasingly embracing POS systems to reduce their work routines. Technology has actually confidently uplifted the way retail systems used to be. Sellers who have actually adopted POS systems are now extremely satisfied and promote its usage due to its high-end advantages in working.

A point of sales system assists a client make a payment to the merchant in exchange for products bought. The pos system for retail shop
He does not have to fret about several elements at the same time while using a pos system for retail store. Companies are significantly embracing POS systems to reduce their work routines. Innovation has actually with confidence boosted the method retail systems utilized to be.

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Mitto, the payment card and app for Gen Z teens, raises 2M seed round

Mitto, a debit card and app designed for “Generation Z” teens, has raised €2 million in seed funding.

Backing the round is Spanish bank Banco Sabadell via its innovation and venture arm InnoCells, along with Athos Capital and Spanish social media influencers “AuronPlay” and “Wismichu,” among others.

Claiming to plug a gap in existing payment solutions for Generation Z (from 14 years old), Mitto offers a digital wallet and/or physical card for spending online or offline. Parents can send instant money to their children by topping up the wallet, and get an overview of their “purchasing” profile.

In turn, the idea is that children gain a degree of financial independence by using Mitto, as well as a better understanding of their spending habits. More broadly, Mitto says it want to help develop financial literacy amongst Gen Z kids.

“Despite being born digital, Gen Z today don’t have easy access to a tool to use digital money,” says Mitto co-founder Marcos Cuevas. “Mitto is born to fix this by allowing them to own a digital wallet and virtual and physical cards. At the same time, we allow parents to educate and support financially their children in their first steps using a digital financial product.”

Cuevas says that the longer-term mission of Mitto is to deliver the best payment solution experience for Generation Z and to help them understand the impact their spending has on the planet — as lofty as that sounds.

“We are committed to helping this new generation to change their mind about finance, to succeed by giving them the tools to understand their purchasing habits and — in the future — the impact of their decisions in the world, and how they can help to make it more sustainable,” he adds.

To that end, Mitto says the funding will allow it to further invest in its product and partnerships to become “the financial platform of choice” for Generation Z.

The Spanish fintech wants to launch its proposition in other European and LatAm countries where it says demand exists. It claims a waiting list of more than 80,000 users in several countries, and says it currently has 150,000 registered users.

Meanwhile, directly comparable competitors include GoHenry and Osper in the U.K., and Current, Step and Greenlight in the U.S., to name a few.

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Africa’s favorite smartphone maker wants in on China’s hot new tech market

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Hong Kong (CNN Business)Chinese budget smartphone maker Transsion is already dominating Africa with its Tecno brand. Now it’s ready to raise its profile even more by joining China’s splashy new market for tech stocks.

An IPOcould push Transsion’s valuation above $4 billion. It would also take the company public on a market that got off to a stunningly positive start this week.
Analysts say it’s an early win for the Star Market, whichwants local investors to support Chinese tech companies, rather than lose those businesses to markets in Hong Kong or the United States.
    “China wants a rejuvenation of the nation through technology and innovation,” said Mark Huang, an analyst at Bright Smart Securities. “That’s why they launched the board.”
    He added that Star Market “surely hopes there could be a snowball effect” — but that it’s not yet certain whether bigger tech companies will jump on the bandwagon.
    “After all, the board is still in baby size and some rules are still at a trial stage,” Huang said.
    Transsion’s office in Shenzhen did not immediately respond to a request for comment from CNN Business.
    Transsion, which was founded by Chinese entrepreneur Zhu Zhaojiang in 2006, wants to raise at least 30 billion yuan ($436 million) to build smartphonefactoriesand research and development centers in Chongqing, Shanghai and Shenzhen, according to its prospectus.
    It plans to issue at least 80 million shares, though it hasn’t set exact terms yet. That would give the company a valuation of at least 30 billion yuan ($4.4 billion).
    tech
    Transsion —which also makes, Itel and Infinix phones — doesn’t do business in China, despite being based there. In Africa, it describes itself as an African company.
    Itcontrols nearly half of the African market, according to IDC figures — putting it way ahead of rivals Samsung, Huawei and Apple (AAPL). Transsion also has nearly a 7% share of India’s market, making it the fourth-largest cellphone vendor there.
    In 2018, it sold 124 million cell phones worldwide, generating 22.65 billion yuan ($3.3 billion) in revenue.
    Public documents also spell out why Transsion says it has done so well in Africa. The company said in its prospectus that it has features that “highly suit our target market” — including phones that use nighttime photography settings that are designed for darker skin tones.
    Transsion Tecno: Africa's top smartphone brand could IPO on China's Star Market - CNN
    Transsion’s technology also includes heat protection for electronics and cellphones that have a large battery capacity. In Nigeria, South Africa and Ethiopia, for example, the government frequently shuts off electricity to conserve power, leaving people unable to charge their phones for hours. 
    Price is another advantage. Transsion sells phones without smart features foras little as $9. It sold nearly 60 million Itel phones at that price last year. It also sold more than 30 million Tecno phones at about $11 each.
    The company’s smartphones are more expensive, but still cheaper than its rivals. In 2018, Transsion sold 34 million phones for between $45 and $91.
    news
    There are challenges, though. The company admittedin its prospectus that other smartphone vendors, including India’s Lyf,are also sellinglow-priced devices.
    Rivals like Huawei, Xiaomi and Samsung are also pushing harder into Africa and India.
    Huawei, for example, has launched an e-commerce platform in South Africa through which it sells phones and other products. And Xiaomi has partnered with African e-commerce website Jumia to sell phones.
      “We face risks of losing our customers and market shares if we can’t maintain innovation … and increase investments in technological research and development, brand management, marketing, after-sale service and supply-chain management,” Transsion wrote in its prospectus.
      The company is responding to competition by pushing into new territories, including Bangladesh, Pakistan, Indonesia and Vietnam. It also started sellingdigital accessories and home appliances. And it is relying more on mobile internet services as a source of revenue.

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