China’s top taxi app firm is raising $1.5 billion to battle Uber
In a bid to fight off US-based Uber's expansion plan into Chinese markets, Didi Kuaidi, China's largest taxi app company is raising $1.5 billion. This development come only days after a leaked memo from Uber showed that it is raising $1 billion for its expansion plan.
Jun 16, 2015 1:16 AM EDT
Sweden's Starbreeze Invests $1.4M in Mobile Shooter Game Developer Cmune to Bring its Hit Payday Franchise to the Mobile Device Platform
Giant gaming publisher Starbreeze partners up with game shooter specialist Cmune by investing $1.4 million to bring its hit franchise PAYDAY to the mobile device platform.
Catalia Health Gets $1.25 Million Seed Funding For Its Healthcare Robot
Catalia Health gained $1.25 million in seed funding from investors such as Khosla Ventures to improve its operations on its robotics that will help treat chronic diseases.
Pax Lab Heats Up With $46.7 Million in Series C Funding To Expand and Introduce New Product Lines
Botanical vaporizer manufacturer Pax Labs, recently rounded up funding worth $46.7 million in Series C financing from investors such as Tao Capital, Sand Hill Angels, Fidelity Management & Research Company and Sivia Capital. The funding will be used for international expansion and the manufacturing of new product lines.
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Foxconn to build Apple iPhone plant in India
In the near future, iPhones as well as iPods and iPads may be manufactured in India. The main manufacturing partner of Apple Inc, Foxconn Technology is said to be in talks with the Indian government in order to build its manufacturing units in western Indian state of Maharashtra.
Jun 13, 2015 12:01 PM EDT
Virgin Group might be buying Spain’s Yoigo; Richard Branson did it again- Best Boss Ever?
Virgin founder Richard Branson is rumored to buy Spain's Yoigo from Swedish company Telia Sonera. However the Swedish firm has not given official statements regarding selling Yoigo.
Jun 13, 2015 11:28 AM EDT
Box raises full-year forecast as more customers sign up for cloud storage
Box Inc ( Box.N), the cloud storage provider raised its full-year forecast. Share value of the company increased by 8.7 per cent in the extended trading on Wednesday.
Jun 13, 2015 9:48 AM EDT
Twitter CEO Dick Costolo leaves, turns over leadership to Jack Dorsey amid shareholders complaints of slow company growth
Twitter CEO Richard Costolo will be stepping down in July amid complaints of slow user and advertising growth. Board Chairman and former CEO Jack Dorsey steps in as interim CEO while a committee searches for a permanent company head.
Jun 13, 2015 9:36 AM EDT
Qualcomm Greater China former president Frank Meng returns amid troubled market; former head Wang Xiang moves to Xiaomi
Former Qualcomm China president Frank Meng is returning to head the company operations of the troubled U.S. chipmaker. Former head Wang Xiang exits to join smartphone maker Xiaomi.
Jun 13, 2015 6:54 AM EDT
Apple Music faces antitrust investigations in New York, Connecticut
While Apple Inc was busy unveiling is online music service, Attorneys general of New York and Connnecticut were quietly investigating whether the deals brokered between Apple and music labels had violated antitrust laws.
Jun 12, 2015 10:13 AM EDT
Spotify Raises $526 Million in Face Off with Apple
To counter Apple Inc's new Apple Music subscription service, Spotify, the current leader in the music-streaming business organised a new round of funding from investors on Tuesday. Spotify market value rose to $8.53 billion after collecting $526 million from the latest round of funding from a wide range of global investors
Jun 12, 2015 9:21 AM EDT
BMW's new 7 Series is the luxury car of the future, here today
German automaker BMW on Wednesday unveiled its latest version of its 7 Series at its global headquarters in Munich. The BMW 7 Series is top of the line luxury sedan and it is a status symbol, especially in European countries.
Jun 12, 2015 9:04 AM EDT
eBay brings its online marketplace to Apple Watch
Ecommerce giant eBay sees smartwatches becoming an integral part of our everyday lives, which is why its has come out with Apple Watch app that will provide users quick access to its online market.
Jun 11, 2015 12:31 AM EDT
Sony aims for more clients, 20 percent sales growth in image sensors
Sony wants to expand its market for image sensors beyond Apple, Samsung and others smartphone brands. Sony is aiming at a 20 percent growth in image sensors.
Jun 10, 2015 11:15 PM EDT
T-Mobile and Dish merger talks not supported by major shareholder Deutsche Telekom
Reported merger talks between T-Mobile US and Dish Satellite Television Network is reportedly not favored by the wireless carrier's major shareholder, Deutsche Telekom. DT's chief Timotheus Höttges has spoken out against a union with Dish and instead pushes for a Sprint merger.
Jun 09, 2015 11:14 PM EDT
Comscore’s says Apple top smartphone OEM, but Android still top platform In U.S.
In the US, Apple Inc is the leading smartphone manufacturer in the OEM market, followed by Samsung, LG, Motorola and HTC, according to a report released by internet analytics firm comScore. The period between January and April of this year shows Apple Inc's OEM market share rose from 41.3 percent to 43.1 percent.
Jun 09, 2015 9:07 AM EDT
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