US companies Walmart and Amazon are competing to acquire a controlling stake in Flipkart, India’s leading eCommerce company. Walmart has completed an in-depth due diligence on its proposed majority ownership in the Indian firm. However, rival Amazon also wants to put in a bid and offers a ‘breakup fee’ of $1 billion to $2 billion, […]
Alibaba is set to gain full control of Ele.me as it revs up on its plan to have a stronger foothold in China’s burgeoning market for quick delivery services. A statement released by Alibaba hinted of an enterprise valuation for Ele.me pegged at $9.5 billion. However, the company has not given any exact figures on
Alibaba Acquires Food Delivery Service Ele.me for $9.5 Billion Read More »
The artificial intelligence community received a major boost recently with SenseTime’s history-making funding round. The Chinese startup recently announced that it has raised $600 million in funding, a feat that has made SenseTime the most valuable AI startup in the world. A Bloomberg report also pegged the company to have a $4.5 billion valuation, easily
Augmented reality has been around for a few years. But small businesses have only recently started to realize its potential as a marketing tool. Technology startup company Lampix has created an infographic to summarize all the ways in which augmented reality can be a game-changer for small businesses. Flexibility of Augmented Reality Creates New Opportunities
Oracle’s suit against Google has been brought back to life by a federal appeals court. The underlying lawsuit involved Google’s unlicensed use of Java APIs as part of Android. Oracle originally sought nearly $9 billion in damages from Google. There have now been two trials and two appeals. Google won both times at trial, and
Oracle’s $9 billion Java lawsuit against Google back from the dead Read More »
Easter is right around the corner and baskets will be filled with those timeless marshmallow chicks known as PEEPS. The company behind them, is ironically called Just Born (named for founder Sam Born). What you probably don’t know is that Just Born has always been a manufacturing pioneer, cutting production time down from 27 hours to
How the Innovative Company Behind Peeps Hatches 2 Billion Chicks a Year Read More »
Investors, especially those who specialize in picking tech stocks, will now have one additional company to consider as an investment option. A decade after its founding, Dropbox is now a publicly traded company starting Friday, March 23, 2018. The San Francisco-based firm successfully hosted its IPO on Thursday where investors bought Dropbox share at $21.
Chinese eCommerce giant Alibaba announced Monday that it would be investing an extra $2 billion in Lazada as part of the company’s continued expansion in Southeast Asia. Alibaba gained control of the Singapore-based company way back in 2016 with an initial investment of $1 billion. Jack Ma’s company further strengthened its hold on the online
Google says it removed more than 3.2 billion ads that violated its advertising policies during 2017, nearly doubling the 1.7 billion ads taken down in 2016. “That’s more than 100 bad ads per second!” writes Google’s director of sustainable ads, Scott Spencer. After a tumultuous year of brand safety issues, fake news and highly publicized
Google says it removed more than 3.2 billion bad ads in 2017 Read More »
Photo Credit: Disney/Marvel Marvel Studio’s Black Panther has taken the box office by storm and has surpassed another major hurdle. As of this morning, the 18th film in the Marvel Cinematic Universe has taken in an outrageous $1 billion at the worldwide box office. According to Variety, Black Panther is now the 16th Disney film
Black Panther Claws It’s Way to $1 Billion At The Box Office Read More »
