Tested: Is a $400 iPhone SE really faster than the most powerful Android phone?

The inclusion of the A13 Bionic processor in the new iPhone SE has caused Apple’s CEO, Tim Cook, to boast: “It’s an unbelievable offer. It’s, if you will, the engine of our top phones in a very affordable package. And it’s faster than the fastest Android phones. And so it’s an exceptional value.”

“It’s faster than the fastest Android phones,” is quite a statement, but is it true?

Our verdict: Apple iPhone SE (2020) review: Old is new, again!

The iPhone SE is full of contradictions. It is an iPhone, yet it is priced like a mid-range Android device. It is new, yet it looks like the iPhones from two or three years ago. It has mostly lesser specs (only one camera, just a 4.7-inch display, and less than Full HD screen resolution), but yet it has Apple’s latest processor, the A13 Bionic — and it’s this last feature that makes the new iPhone SE quite remarkable.

At the other end of the scale, you have a device like the Samsung Galaxy S20 Ultra — the current performance king in the Android world. Here you won’t find any contradictions. It has the best of everything that Samsung could squeeze into it. A 120Hz, HDR10, QHD display, at least 12GB of RAM, a minimum of 128GB of internal storage, a plethora of camera lenses and sensors, 8K video recording, the top Qualcomm Snapdragon processor, support for 5G, and so much more.

No compromises, no contradictions, and, according to Apple’s CEO, no chance of beating a $399 iPhone.

$1399 .99
Samsung Galaxy S20 Ultra

Buy it Now

Samsung Galaxy S20 Ultra Buy it Now
$1399 .99

Is the iPhone SE really faster than the fastest Android phone?

But I am not taking Tim Cook’s word for it. I want to see some numbers. The video at the top of this article is a Speed Test G run between the iPhone SE (2020) and the Samsung Galaxy S20 Ultra to see whether the most over-spec’d Android phone you can currently buy does indeed come up short against the cut-price phone from Cupertino. Budget vs ultra-premium. Galaxy vs iPhone. Who wins?

There’s no way to sugarcoat this: the results are quite damning.

Speed Test G iPhone SE 2020 vs S20 Ultra 720p results

The $399 iPhone SE clearly beats the $1,399 Galaxy S20 Ultra overall. But, it isn’t all bad. Looking at the CPU time, which involves tasks that rely heavily on the CPU (single-threaded and multi-threaded), the S20 Ultra actually won; 38.5 seconds vs 39.5 seconds.

However, things start to go downhill from here. The iPhone SE won the mixed CPU/GPU section convincingly by 4.3 seconds and was able to manage a frame rate of 34 frames-per-second (fps) during the smoke particle test, compared to just 23fps for the Samsung Galaxy S20 Ultra, even though the S20 Ultra was running in 720p. The iPhone SE also won the GPU test by 2.7 seconds. The iPhone SE peaked at 23fps during that test, while the S20 Ultra managed just 18fps max.

Related: iPhone SE: The right phone at the right time, and that’s bad news for Android

Geekbench tells a similar story. The single-threaded score for the Galaxy S20 Ultra is 913, more than 30% lower than the iPhone SE’s 1,328. However, the S20 Ultra does bounce back with a good multi-threaded score of 3,303, a number that the iPhone SE can’t beat. It scores 2,673.

AnTuTu paints a more favorable picture for S20 Ultra giving it a score of 547,698 compared to 375,748 for the iPhone SE. Digging a bit deeper into the AnTuTu scores for the iPhone SE shows that it suffers during the multi-threading testing, something confirmed by Speed Test G and Geekbench. More about that later.

Apple A13 Bionic vs Qualcomm Snapdragon 865

Credit: David Imel / Android Authority

Even though the Galaxy S20 Ultra has better specs in just about every department, when it comes to performance, this is about the processor in the iPhone SE versus the processor in the flagship Samsung.

There is no denying it, the A13 is a great processor. Inside there is a hexa-core CPU setup with two high-performance cores (codename Lighting) and four energy-efficient cores (codename Thunder). There is also a four-core GPU, which owes its heritage to Imagination’s PowerVR GPUs. It is a 64-bit processor using the Arm instruction set and built on TSMC’s second-generation 7nm process node. The A13 Bionic was first used in the iPhone 11 series and now it has found its way into the iPhone SE.

Apple’s processors have been at least a couple of generations ahead of the Android competition for several years. It all started when Apple announced its 64-bit A7 back in 2013, while the rest of the smartphone market was still using 32-bit processors. Since then Qualcomm, Samsung, Huawei, and MediaTek have all been playing catchup. Qualcomm has been slowly chipping away at Apple’s lead and as the CPU section of Speed Test G shows it is gaining ground. However, Apple’s processors are still in front.

There are lots of different reasons why the A13 has the edge over the Snapdragon 865 including the design of the microarchitecture, the design philosophy, and details like the amount of onboard cache. The A13 is thought to have a total 29.5MB of cache memory including the L1, L2 CPU caches, and the System Level Cache (SLC). The Snapdragon 865 has 10MB of caches. These differences result in different die sizes (how big the chip is) and therefore the cost. The Snapdragon 865 is 83.54 mm2 compared to the 98.48 mm2 of the Apple A13 Bionic. This means the A13 is actually more expensive than the Snapdragon 865 — yet another iPhone SE contradiction.

iPhone SE vs iPhone 11 Pro Max: Is it just as powerful?

Since the new iPhone SE has the same processor as the iPhone 11 series it must offer the same performance, right? Maybe. Looking at Geekbench 5, the iPhone 11 Pro Max scores 1,327 for the single-threaded performance, and the iPhone SE scores 1,328. Nice. But when you look at the multi-threaded performance then the scores start to diverge. Geekbench 5 gives 3,494 to the iPhone 11 Pro Max but only 2,673 to the iPhone SE. That is a drop of 23%. This means that the iPhone SE isn’t “faster than the fastest Android phones.” In fact, this particular aspect of the performance is 20% down compared to leading Android phones.

The story is repeated with AnTuTu: 505,552 for the iPhone 11 Pro Max, but only 375,748 for the iPhone SE — a drop of 25%. Looking at the “CPU Multi-Core” breakdown, AnTuTu scores the iPhone 11 Pro Max at 84,782 whereas the iPhone SE gets just 58,349 — a 30% dip.

The iPhone SE completes Speed Test G in one minute 15 seconds compared to one minute and 14.5 seconds for its bigger sibling. But as the Geekbench and AnTuTu scores show the A13 in the iPhone SE doesn’t perform the same as the A13 in the iPhone 11 series. Speed Test G actually shows the same thing. The GPU section of the test is a complex “fly over” written in Unity. The iPhone 11 Pro Max is faster by half a second.

The iPhone SE should actually beat the iPhone 11 Pro Max… but it doesn’t.

Doesn’t sound like much, does it? But the iPhone 11 Pro Max has a screen resolution of 2,688 x 1,242, whereas the iPhone SE (and its small 4.7 inch display) has a screen resolution of just 1,334 x 750. That means the iPhone 11 Pro Max is pushing around 233% more pixels than the iPhone SE (1,000,500 pixels vs 3,338,496 pixels). The iPhone SE should have beaten the iPhone 11 Pro Max significantly, but it didn’t.

iPhone SE vs Android: It’s all about heat

Why does the iPhone SE have a better single-threaded performance than the Samsung Galaxy S20 Ultra, but a lower multi-threaded score? Why does the iPhone SE complete the Unity test in Speed Test G slightly slower than the iPhone 11 Pro Max, but yet has a significantly lower screen resolution? As I said, the iPhone SE is full of contradictions.

Related: Imagine, for a second, if Android OEMs released an iPhone SE-style phone

There are several possible answers. The A13 processor in the iPhone SE could be under-clocked compared to the iPhone 11 Pro Max. Maybe a different CPU clock frequency, or a different GPU clock frequency, or even a different RAM frequency. There could be less L1, L2 or SLC on the A13 in the iPhone SE. It is hard to know and Apple sure won’t tell.

Remember, these are passively cooled devices, no fans.

However, personally I think it is about cooling. The iPhone SE is a much smaller device. Smaller means there is less surface area to dissipate heat. When the processor gets warm then iOS is forced to lower the clock speeds until the temperate drops. Remember, these are passively cooled devices, no fans. From using the iPhone SE and the iPhone 11 Pro Max side by side for the last few days, it is clear that the iPhone SE is running warmer to the touch. Also my initial testing of the performance of the SE when running hot shows a significant performance drop. When my testing is complete I will make a video on the Speed Test G channel.

So, while the iPhone SE can sprint out of the gate faster than the Galaxy S20 Ultra, it seems that after the first few meters it slows down, particularly when all the cores of the CPU are being used simultaneously. In the end, it manages to get over the finish line ahead of the S20 Ultra, but that seems to depend on where you draw that line.

iPhone SE iPhone 11 power in an iPhone 8 body.
The iPhone SE offers the power of Apple’s latest and greatest, for less than half the cost.


Want to read more about Android’s biggest rival? Check out our Apple content below:

PSA: iOS 13 App Store bug temporarily preventing apps like YouTube from launching for some

iOS 13.5 was released for all users this week, and it’s already causing some problems. According to several reports on social networks, some users cannot open their iPhone and iPad apps as the system shows an unexpected error message.

more…

The post PSA: iOS 13 App Store bug temporarily preventing apps like YouTube from launching for some appeared first on 9to5Mac.

FBI cannot even look at your phone lock screen without a warrant, rules judge

The FBI broke the law when it switched on a suspect’s phone to look at his lock screen without a warrant, ruled a judge.

It said that gathering evidence from a lock screen constitutes a search, and doing this without a warrant violates the 4th Amendment, which prohibits unreasonable search and seizure …

more…

The post FBI cannot even look at your phone lock screen without a warrant, rules judge appeared first on 9to5Mac.

Cake brings a Swedish take on e-motorcycle design to the U.S.

Cake has crafted the Swedish edition of electric motorcycle design starting in the dirt.

The Stockholm based mobility startup’s debut, the Kalk OR, is a 150 pound, battery powered two-wheeler engineered for agile off-road riding and available in a street-legal version.

On appearance, Cake’s Kalk has a minimalist stance and doesn’t evoke “motorcycle” in any conventional sense.

That was intentional, according to the company’s CEO, Stefan Ytterborn — a design aficionado and serial founder — who was more of a mountain biker and skier than a motorcyclist, before launching Cake with is two sons Karl and Nils.

“I wasn’t a motorcycle geek…I actually learned how to ride a motorcycle,” he explained on his foray into the business.

Ytterborn has worked in design development his entire career, leaving Sweden for Milan in his early days, developing product lines for IKEA in the ’90s and founding several design oriented companies over the years.

His last venture — outdoor sporting gear venture POC — supplied Olympic gold medalist Bode miller and the U.S. Ski Team with helmets and optics before it was acquired by Investcorp in 2015 for a reported $65 million.

Cake’s Kalk OR, Image Credits: Cake

Ytterborn’s current company shares some similarities with POC, namely creating products for natural forward motion in the outdoors.

The direction for Cake — according to its founder — was to design a motorcycle from a clean slate, harnessing the advantages of what voltage power could offer to the form.

“I was stoked by the idea of what an electric drive-train could bring,” Ytterborn told TechCrunch . “But then I started realizing nobody is really optimizing the performance of the electric drive-train. Everyone’s trying to imitate what the combustion motorcycle does,” he said.

One of the first things Ytterborn took from that view was engineering a lighter platform with a better power to weight ratio.

A distinguishing characteristic of most e-moto offerings, including the few oriented toward off-road use, is they are heavier than gas motorcycles. Even one of the lightest choices out there for street and dirt use, Zero’s FX, weighs nearly 100 pounds more than Cake’s Kalk OR.

The $13,000 Swedish e-motorcycle has a 2.6kWh battery, charges to 80% in an hour and a half using a standard outlet, and offers up to three-hours of off road ride time, according to Cake. The Kalk has 30 ft-lbs of torque and a top speed of 50 miles per hour.

The street legal version, the Kalk&, has similar specs with a mixed city/highway range of 53 miles. Both have capability for quick battery swaps and a second battery goes for $3,000.

Cake introduced an additional model in 2020, the $8,500 Ösa+, which the company characterizes as an urban utility moped with off-road capabilities.

Cake’s Ösa+, Image Credits: Cake

As a startup, Cake has raised $20 million in VC, including a $14 million Series A financing round led by e.ventures and Creandum in 2019.

The U.S. is a prime market for the company. Cake has a subsidiary in Park City, Utah, a U.S. representative — Zach Clayton — and is poised to open a sales store in New York City this quarter. 

The company has sold 300 motorcycles in the U.S. this year and America makes up 60% of its sales market, according to its CEO.

On where the Cake fits into motorcycle market, “We’re much more Patagonia than Kawasaki,” said Ytterborn,

He described Cake as something developed for a far from static mobility world, where everything about how people move from A to B is being redefined, including the concept of the motorcycle.

That entails creating something that captures the exhilaration of riding off-road for an eco-conscious market segment, put off by the noise and fumes of gas motocross bikes.

“What really got me going was the intuition that we could flip the market upside down [with Kalk],” said Ytterborn.

Cake’s street legal Kalk&; Image Credits: Cake

“It’s silent, it doesn’t disturb, it doesn’t pollute and is the opposite of what non-motorcycle people associate with motorcycles,” he said.

The U.S. motorcycle market could use some fresh ideas, as it’s been in pretty bad shape since the last recession, particularly with young folks. New sales dropped by roughly 50% in 2008 — with sharp declines in ownership by everyone under 40 — and have never recovered.

At least one of the big gas manufactures — Harley Davidson — and several EV startups, such as Zero, are offering e-motorcycles as a way to convert gas riders to electric and attract a younger generation to motorcycling.

It’s notable that Harley Davidson acquired a youth electric scooter maker, Stacyc, in 2019 and has committed to produce e-scooters and e-mountain bikes as part of its EV pivot. The strategy is to use these platforms to create a new bridge for young people to motorcycles in the on-demand mobility world.

HD’s moves could provide some insight on where Cake might fit in that space. On one hand, the startup’s models could become premium electric motorcycles for the eco-friendly, Outside Magazine and action sports crowd. On the other, Cake could fill a new segment on the mobility product line — somewhere between e-scooters, e-bikes and traditional motorcycles.

“We want to establish a new category where people with an active lifestyle, whether they’re motorcycle people or not, can proceed with sustainability, responsibility and respect,” said CEO Stefan Ytterborn.

One challenge for this thesis could be Cake’s price and performance points compared to the competition. Zero Motorcycle’s FX, while heavier than the $13,000 Kalk, starts at $8,995 and has a top speed of 85 miles per hour.

WhatsApp testing easier way to add contacts, by sharing a personal QR code

WhatsApp is testing an easier way to add a contact, or share your own contact details with someone else: using a personal QR code …

more…

The post WhatsApp testing easier way to add contacts, by sharing a personal QR code appeared first on 9to5Mac.

Memorial Day sales roundup: The best tech on sale this weekend

Source: Envato Elements

Memorial Day is coming up, but the holiday itself might look a bit different this year. There won’t be parades or gatherings as people continue to follow social distancing guidelines. However, the sales are still on and sites are offering some great discounts on a variety of products. Here’s a roundup of the best Memorial Day sales available this weekend.

Memorial Day sales

All of these deals were live at the time of writing, but Memorial Day is coming quickly. That means these deals won’t be around for long, so jump on the best savings while you can.


Case-Mate

If you’ve been waiting to pick up a new case for your phone, Case-Mate has answered your call. From May 23 to May 25, the Atlanta-based case manufacturer is offering 30% off products site-wide when you use the code RESPECT30. You can browse cases for everything from the iPhone 11 to the Samsung Galaxy Z Flip.

If you’re grabbing an iPhone case, Case-Mate will throw in a free screen protector as a bonus. Here are a few popular picks:

Pixel 4 Tough Groove Case
$28 .00 Save $12 .00 Use offer code: respect30

Buy it Now

iPhone 11 Barely There Case
$21 .00 Save $9 .00 Use offer code: respect30

Buy it Now

Galaxy S20 Tough Clear Case
$28 .00 Save $12 .00 Use offer code: respect30

Buy it Now

To browse the whole range of products on offer, hit this widget:

$0 .00
Case-Mate Memorial Day Sale Use offer code: respect30

Buy it Now

Case-Mate Memorial Day Sale Buy it Now
$0 .00
Use offer code: respect30


World Wide Stereo

Memorial Day is also a great time to pick up some new audio gear as summer draws near. Whether you’re gardening or sunbathing, everything’s better with some music.  Right now, you can save up to 60% on a variety of closeout deals from World Wide Stereo with the promo code MEMDAY.

Here are a few of our picks for the best deals:

Dynaudio XEO 2 Speakers
$679 .15 Save $819 .85

Buy it Now

JBL Soundgear Wearable Speaker
$133 .81 Save $106 .19 Use offer code: memday

Buy it Now

Harman Kardon Esquire Mini 2
$75 .95 Save $74 .00 Use offer code: memday

Buy it Now

If you’d rather browse for yourself, here’s a link to all of the deals:

$0 .00
World Wide Stereo Memorial Day Sale Use offer code: memday

Buy it Now

World Wide Stereo Memorial Day Sale Buy it Now
$0 .00
Use offer code: memday

See also: Best headphone deals


Microsoft

There’s never a bad time to pick up a new laptop, especially while you’re working from home. Microsoft has made a strong case for its line of Surface products right now with a list of Memorial Day sales. Whether you want the brand new Surface Go 2 or the flexible and powerful Surface Pro X, you can save a few hundred dollars right now.

Here are some of our top picks, and you don’t even need a promo code:

Microsoft Surface Pro 7 Bundle
$1299 .99 Save $330 .00

Buy it Now

Microsoft Surface Pro X Bundle
$1249 .99 Save $320 .00

Buy it Now

Surface Go 2 Essentials Bundle
$539 .97 Save $129 .00

Buy it Now

Here’s a widget for the main deal page:

$0 .00
Microsoft Memorial Day Sale

Buy it Now

Microsoft Memorial Day Sale Buy it Now
$0 .00

See also: Best Surface Pro deals


B&H Photo

The last few sales have been relatively specific, but if you’re just looking to grab some gear and save some money you might want to check out B&H Photo. From laptops to streaming devices and cameras, B&H pretty much has a deal on anything you’d want to pick up. Don’t believe us? Check out some of our favorite picks:

Sony Cyber-Shot DSC-RX100 Camera Kit
$1297 .96 Save $100 .04

Buy it Now

Roku Ultra with JBL Earbuds
$79 .95 Save $20 .00

Buy it Now

Apple MacBook Pro, 16-inch
$2199 .00 Save $200 .00

Buy it Now

There’s not much you can’t find on B&H. Here’s a widget for the main deal page:

$0 .00
B&H Photo Memorial Day Sale

Buy it Now

B&H Photo Memorial Day Sale Buy it Now
$0 .00


Google

Finally, there are a host of sales to build up your smart home arsenal. Google has knocked down the prices on its Nest line just in time for the holiday. You can snag a Nest Cam for outdoor security, a Nest Wi-Fi router, and even a handy little Google Nest Mini. These deals are useful whether you’re just getting into smart devices or you’re looking for some new gadgets. Here are some of the best savings:

Google Nest Mini
$29 .99 Save $20 .00

Buy it Now

Google Nest Wi-Fi Router
$149 .00 Save $20 .00

Buy it Now

Google Nest Cam Outdoor
$149 .00 Save $50 .00

Buy it Now

If you’re reading this from the UK, Google hasn’t forgotten about you. In fact, the Google UK Store is stocked for a bank holiday weekend sale. You can save on a similar list of Nest products as well as the Google Pixel 4 and Pixel 3a families.

See also: Google Pixel 4 XL review | Google Pixel 3a review

Head to this widget if you want to check out all of the savings:

$0 .00
Google UK Bank Holiday Sale

Buy it Now

Google UK Bank Holiday Sale Buy it Now
$0 .00


Those are the best Memorial Day sales we can find right now. We hope you enjoy your holiday and hopefully save a little money while you’re at it!

Microsoft Build 2020, Elon Musk’s factory play, and Joe Rogan moves to Spotify

Stories discussed in this episode:

Learn more about your ad choices. Visit megaphone.fm/adchoices

Best Buy Memorial Day sale now live: Save on iPad, Macs, Apple Watch, more

The annual Best Buy Memorial Day sale is up and running today with some of the lowest prices of the year on iPads, Macs, and more. Free shipping is available for all with Amazon matching select deals, as well. Hit the jump for all of our top picks from this year’s Best Buy Memorial Day sale event.

more…

The post Best Buy Memorial Day sale now live: Save on iPad, Macs, Apple Watch, more appeared first on 9to5Mac.

Xiaomi’s investment house of IoT surpasses 300 companies

Xiaomi, the Chinese comapny famous for its budget smartphones and a bevy of value-for-money gadgets, said in a filing on Thursday that it has backed more than 300 companies as of March, totaling 32.3 billion yuan ($4.54 billion) in book value and 225.9 million yuan ($32 million million) in net gains on disposal of investments in just the first quarter.

The electronics giant has surely lived up to its ambition to construct an ecosystem of the internet of things, or IoT. Most of its investments aim to generate strategic synergies, whether it is to diversify its product offerings or build up a library of content and services to supplement the devices. The question is whether Xiaomi’s hardware universe is generating the type of services income it covets.

Monetize from services

Back in 2013, Xiaomi founder Lei Jun vowed to invest in 100 hardware companies over a five-year period. The idea was to acquire scores of users through this vast network of competitively-priced devices, through which it could tout internet services like fintech products and video games.

That’s why Xiaomi has kept margins of its products razor-thin, sometimes to the dismay of its investees and suppliers. Its vision hasn’t quite materialized, as it continued to drive most of its income from smartphones and other hardware devices. Services comprised 12% of total revenue in the first quarter, although the segment did record a 38.6% increase from the year before.

Over time, the smartphone maker has evolved into a department store selling all sorts of everyday products, expanding beyond electronics to cover categories like stationaries, kitchenware, clothing and food — things one would find at Muji. It makes certain products in-house — like smartphones — and sources the others through a profit-sharing model with third parties, which it has financed or simply partners with under distribution agreements.

Xiaomi’s capital game

Many consumer product makers are on the fence about joining Xiaomi’s distribution universe. On the one hand, they can reach millions of consumers around the world through the giant’s vast network of e-commerce channels and physical stores. On the other, they worry about margin squeeze and overdependence on the Xiaomi brand.

As such, many companies that sell through Xiaomi have also carved out their own product lines. Nasdaq-listed Huami, which supplies Xiaomi’s Mi Band smartwatches, has its own Amazfit wearables that rival Fitbit. Roborock, an automatic vacuum maker trading on China’s Nasdaq equivalent, STAR Market, had been making Xiaomi’s Mi Home vacuums for a year before rolling out its own household brand.

With the looming economic downturn triggered by COVID-19, manufacturers might be increasingly turning to Xiaomi and other investors to cope with cash-flow liquidity challenges.

Along with its earnings, Xiaomi announced that it had bought an additional 27.44% stake in Zimi, the main supplier of its power banks, bringing its total stakes in the company to 49.91%. Xiaomi said the acquisition would boost Xiaomi’s competitiveness in “5G + AIoT,” a buzzword short for the next-gen mobile broadband technology and AI-powered IoT. For Zimi, the investment will likely alleviate some of the financial pressure it’s feeling under these difficult times.

Competition in the Chinese IoT industry is heating up as the country races to roll out 5G networks, which will enable wider adoption of connected devices. Just this week, Alibaba, which has its finger in many pies, announced pumping 10 billion yuan ($1.4 billion) into ramping up its Alexa-like smart voice assistant Genie, which will be further integrated into Alibaba’s e-commerce experience, online entertainment services and consumer hardware partners.

M17 sells its online dating assets to focus on live streaming

M17 Entertainment announced today that it has sold its online dating assets to focus on its core live streaming business in Asia and other markets. Paktor Pte, which operates Paktor dating app and other services, was acquired by Kollective Ventures, a venture capital advisory firm. The value of the deal was undisclosed.

In its announcement, Taipei-based M17 said the sale will allow it to focus on expanding its live streaming business in markets including Taiwan, Japan and Hong Kong.

Earlier this month, the company said it had raised a $26.5 million Series D that will be used for growth in Japan, where M17 claims a 60% share of the live streaming market, and expansion into new places like the United States and the Middle East. Its live streaming apps include 17LIVE (an English-language version is called Livit), Meme Live and live-streaming e-commerce platforms HandsUP and FBBuy.

In a statement, M17 CFO Shang Koo said, “As our Japan live streaming business has skyrocketed, we found we were unable to devote the same level of internal resources to our dating business in Southeast Asia. Becoming independent will allow Paktor to control its own destiny as M17 focuses heavily on the future of its streaming services in our largest market, Japan.”

Paktor will operate independently of M17 after the sale, but Koo said “we hope to continue working with Paktor on future business cooperation and will always value the synergy and teamwork between M17 and Paktor.”

M17 was formed in April 2017 when Paktor merged with 17 Media. A year later, M17 was supposed to go public, but cancelled its initial public offering on the New York Stock Exchange on the same day it was supposed to start trading, citing “issues related to the settlement” of shares that CEO Joseph Phua later explained in detail to Tech in Asia.