📱X Premium+ users in Nigeria to pay 51% more

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📱X Premium+ users in Nigeria to pay 51% more in price hike
🛒 Alibaba launches its first African site in Morocco
📱Telegram CEO says platform is now profitable, surpassing $1bn in 2024
🚙 Honda and Nissan Announce Historic Merger Plans to Tackle Rising EV Competition

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📱SOCIAL MEDIA

X Premium+ users in Nigeria to pay 51% more in price hike

Elon Musk’s X (formerly Twitter) has revealed a global price increase, resulting in a higher cost for Premium+ users in Nigeria. Nigerians will now pay N34,000 per month, up from the previous rate of N22,550, translating to a 51% increase.

According to “X” in a blog post, it updated the the X Premium+ subscription price on December 21, 2024.

“New subscribers will pay the updated price starting that day. If you’re an existing subscriber and your next billing cycle starts before January 20, 2025, you’ll be charged at your current rate; otherwise, the new rate will begin with your first billing cycle after that date.”

X shared some key reasons behind the price hike for its Premium+ subscription. The company highlights several exciting changes for subscribers. First, Premium+ is now completely ads-free, offering an uninterrupted browsing experience—an upgrade that is reflected in the new pricing structure...……continue reading

🛒 ECOMMERCE

Alibaba launches its first African site in Morocco

Chinese e-commerce giant Alibaba has officially launched its operations in Morocco, marking a pivotal step in its strategy to establish a presence in Africa. The move is aimed at empowering Moroccan businesses, particularly small and medium-sized enterprises (SMEs), to expand their reach into international markets, with a significant focus on North America.

Alibaba’s entry into the Moroccan market aims to strengthen global trade connections and increase the visibility of Moroccan products, particularly in North America, which hosts a significant portion of Alibaba’s buyer base. To facilitate this expansion, the company has partnered with Clementia, a local firm. Through this collaboration, Moroccan businesses can set up digital storefronts on Alibaba’s platform, allowing them to connect with international buyers and grow their export opportunities.......……continue reading

📱SOCIAL MEDIA

Telegram CEO says platform is now profitable, surpassing $1bn in 2024

In a significant achievement for the messaging giant, Telegram has officially crossed into profitability, marking 2024 as a milestone year. According to a recent X post by CEO Pavel Durov, the platform has not only seen explosive growth in its subscriber base but also demonstrated its ability to generate substantial revenue while maintaining its core values of independence and user privacy.

One of the most notable developments this year is the tremendous growth in Telegram Premium subscribers. The platform has seen a remarkable threefold increase in its premium user base, now surpassing 12 million. This surge in premium subscriptions is a testament to the value users find in Telegram’s premium features, making it a viable revenue stream.

Telegram’s total revenue for 2024 has exceeded a staggering $1 billion, with the platform closing the year with over $500 million in cash reserves, excluding crypto assets. This impressive growth in revenue is attributed to a combination of factors, including the rise in Premium subscriptions and increased ad revenue……..read more

🚙 AUTOMOBILES

Honda and Nissan Announce Historic Merger Plans to Tackle Rising EV Competition

In a landmark move set to reshape Japan’s auto industry, Honda and Nissan have announced plans to merge under a single holding company by 2026. This bold step aims to counter the mounting challenge posed by Chinese electric vehicle (EV) manufacturers and global EV leaders like Tesla, highlighting the urgent need for scale and innovation in a rapidly changing automotive landscape.

The combined entity would become the world’s third-largest automaker by vehicle sales, following Toyota and Volkswagen. The partnership offers a lifeline for both companies to share resources and boost competitiveness amidst the rise of nimble Chinese automakers like BYD, as well as escalating global electrification and software integration trends.

Honda CEO Toshihiro Mibe emphasized the need to prepare for these challenges, stating, “We have to build up capabilities to fight with them by 2030; otherwise, we’ll be beaten.” Echoing this urgency, Nissan CEO Makoto Uchida stressed that the merger aims to leverage the distinct strengths of each company to deliver unparalleled customer value.....……continue reading

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