Alibaba to invest in China Business Network to expand finance services
Alibaba Group Holding has decided to buy stakes worth more than 1 billion yuan ($161 million) in financial media outlet China Business Network (CBN). CBN is part of Shanghai Media Group (SMG).
Jun 06, 2015 11:33 PM EDT
Accor changes name, steps up digital push to fight online travel agents
In a bid to fight back against online travel agents and to open its own online travel booking services to independent hoteliers, French hotel group Accor will be spending 22 million euros. The hotel has changed its name to AccorHotels.
Samsung delays mobile payment service, expands it to China and Europe
Samsung Electronics announced on Wednesday it will be including China and Europe for the Samsung Pay service. But the company's initial decision to launch Samsung Pay in South Korea and the United States has been put off till September.
6.1 billion smartphone users worldwide by 2020: report
In 5 years time, the total number of smartphone users will rise to 6.1 billion. At present there are 2.6 billion smartphone users. And by 2020, total mobile users will touch 9.2 billion.
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Gumgum Inc.’s Business Expansion and Growth Funded by Morgan Stanley
Gumgum has raised money for business expansion and growth. Different investors lile Morgan Stanley has already seen the company's potential in the upcoming years.
Jun 04, 2015 7:46 AM EDT
CA hires Xbox cofounder as new tech chief in a bid to revive growth
CA Inc has announced Xbox cofounder Otto Berkes as its new chief technology officer. Berkes starts his new job at CA Inc on June 15. He will be reporting directly to CEO Mike Gregoire.
Jun 04, 2015 4:40 AM EDT
Samsung, Philips and Panasonic reach $528 million settlement deal for cathode ray tube class action
Electronics manufacturers agreed to settle a CRT class action for a total of $528 million. More companies and several other lawsuits are involved.
Jun 04, 2015 4:34 AM EDT
KFC wants rumors over mutant chickens stopped; sues Chinese companies
KFC filed lawsuits on Chinese businesses that allegedly fabricated stories about the food chain using genetically modified chickens.
Jun 03, 2015 11:00 PM EDT
LawnStarter raises $6M to become your lawn care concierge
Lawn care startup LawnStarter has announced that it has raised $6 million in Series A funding. The new funding will permit it so as to add new markets.
Jun 03, 2015 11:11 AM EDT
US Stocks rose ahead of big data week with looming interest rate increase deterred by global slow down
Stocks rise have experts speculating that the country may be on its way to recovery and an increased interest rate is on order. The Fed's Brainard is skeptic on the idea.
Jun 03, 2015 9:30 AM EDT
Beepi to Raise Funds, International Expansion Likely to Happen on 2016
Beepi is planning to expand their business and even go international in the coming years. Learn more about the plans for business growth and development.
Jun 03, 2015 9:21 AM EDT
JOBS Act’s, Title IV Regulation A+ ruling; Is your company ready to go public?
Know more about JOBS Act’s, Title IV Regulation A+ ruling. Is your company ready for it? U. S. SEC has now allowed non-accredited investors to join in equity crowdfunding and investment in private startups and other small businesses.
Jun 03, 2015 8:25 AM EDT
Softbank is Supercell's sole external shareholder; Clash of Clans’ Developer to Focus on Few Games
Softbank is now the only external shareholder of Clash of Clans' developer, Supercell. The current CEO Ilkka Paananen will still head the company.
Jun 03, 2015 7:37 AM EDT
Blackberry Settles Patent Dispute With Seacrest's Company Typo, Stopping Keyboard Sales for Smaller Mobile Devices
BlackBerry settles dispute with Ryan Seacrest's company Typo Products, disallowing the host's company to sell keyboards for mobile devices with screens smaller than 7.9 inches.
Jun 03, 2015 1:48 AM EDT
Uber Hires Its First India President To Lead Its Business In The Country, Proves Commitment to South Asian Market
Uber is proving its commitment to the South Asian market by hiring its first president Amit Jain in India. Amit Jain used to work for Rent.com, TPG Capital and McKinsey. Now, he is in charge of overall business strategy, operations, and growth in a market of global strategic importance for Uber- India.
Jun 02, 2015 10:28 PM EDT
Reddit CEO Ellen Pao files an appeal on lost sex discrimination case against Kleiner Perkins
Ellen Pao files a notice of appeal on Monday in regards to her case against Kleiner Perkins Caufield & Byers in a gender discrimination trial. Pao has yet to state the grounds of her appeal of the ruling within the next 40 days.
Jun 02, 2015 10:28 AM EDT
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