Tech

China’s Baidu appoints Herman Yu as CFO
Tech

China’s Baidu appoints Herman Yu as CFO

China’s largest search engine, Baidu has appointed Herman Yu as chief financial officer. Herman Yu joins Baidu from Weibo Corp. (WB), where he has served as chief financial officer since 2015. Prior to Weibo, Mr. Yu worked at SINA Corp. from 2004 to 2015, most recently as chief financial officer […]

Opera TV has just changed its name to Vewd
Tech

Opera TV has just changed its name to Vewd

Opera TV has rebranded to Vewd which will officially launch at IBC from September 15-19. The brand is also expected to showcase enhancements to its core technology and preview its latest breakthrough products. Since its early beginnings more than 15 years ago at Opera Software, Vewd set its course to pioneer industry-first products for […]

Finnish game maker, Rovio sets IPO price
Tech

Finnish game maker, Rovio sets IPO price

Rovio Entertainment Oy, the Finnish game and entertainment company behind Angry Birds said its initial public offering price will range between 10.25-11.50 euros per share. This will put the company’s market capitalisation between EUR802–896 million. Rovio said in the statement that Trema, its largest shareholder will keep 36.6 percent shareholding after […]

Alphabet to invest USD1 billion in Uber’s rival, Lyft
Tech

Alphabet to invest USD1 billion in Uber’s rival, Lyft

Lyft, Uber’s biggest competitor in the western region might be getting close to USD1 billion investment to its kitty. According to unnamed sources cited by Bloomberg, Alphabet Inc., Google’s parent might be taking the bet anytime soon. The fund is said to be invested through Capital G, Alphabet’s venture capital […]

Scalable Capital takes over ING retail services unit
Tech

Scalable Capital takes over ING retail services unit

European investment banking major, ING said its partnership with an online wealth manager, Scalable Capital is now in action. Scalable Capital is a fintech playing in the European robo-advice market. It would be recalled that BlackRock had invested in Scalable Capital, a move that signaled that the company has a […]

Software AG updates Cumulocity with cloud IoT services
Tech

Software AG updates Cumulocity with cloud IoT services

Software AG has just launched an extended Cumulocity IoT technology portfolio for cloud-based IoT platform services enablement. Cumulocity IoT will allow easy, fast, and scalable IoT solutions to support enterprises of all sizes, regardless of the level of sophistication of their IoT requirements. Recent market research shows that whereas nearly […]