Adobe said it has agreed to acquire Magento Commerce for $1.68 billion. The deal is subject to customary purchase price adjustments. The addition of the Magento Commerce Cloud will enable commerce to be seamlessly integrated into the Adobe Experience Cloud, delivering a single platform that serves both B2B and B2C […]
Baidu said it has entered into definitive agreements with certain investors relating to the divestiture of its global ad and tools business which provides DU ads and tool apps, including Du Caller, Mobojoy, Photo Wonder and DU Recorder. Pursuant to definitive agreements, Baidu will divest a majority equity stake in […]
We are living through a radically-changing time driven by technology and its drivers such as artificial intelligence, big data and singularity. Unfortunately, this quantum leap is predating established tech and tools which are gradually being placed on the endangered list they will eventually become extinct altogether. These things are disappearing […]
The man who took LG to the global space, Koo Bon-Moo, its former chairman has just passed on at the age of 73. Koo Kwang-mo, his adopted son will lead the consumer electronics and chemical company. Mr. Bon-Moo Koo was the Chief Executive Officer of LG Corp. since January 1, […]
China’s largest search engine company said Qi Lu will no longer serve as the chief operating officer of the company starting in July 2018. Baidu said Qi Lu will continue to serve as vice chairman of the board of directors. “I like to express my sincere gratitude to Qi, who […]
Despite the continuous plunge in prices of Bitcoin, the digital currency community might get excited today as Switzerland said it will look floating e-franc. According to Reuters News, e-franc will be Switzerland’s official digital currency. Despite been seen as a major change of ‘mind’, the Swiss said they will begin […]
Jeff Holden, Uber Technologies Inc Chief Product Officer is leaving the company as part of recent executive departures in the ride-hailing startup. According to Reuters News which cited an Uber spokesperson, Holden oversaw Uber Elevate, the company’s flying car operation, which is now headed by Eric Allison, the spokesman said, […]
Taiwan’s High Tech Computer Corporation known as HTC is said to be planning on launching Exodus, its own smartphone that will be friendly to digital currencies. HTC said the smartphone will be a “blockchain-powered” device that will run on the Google Android OS. According to News.Bitcoin.com, the Exodus smartphone is expected […]
South Korea’s largest cryptocurrency exchange, Upbit has cleared itself of all fraud charges leveled against it by the Korean Financial Intelligence Unit (KIU). It would be recalled that a joint action by the Financial Services Commission, and Seoul Police gave orders to 10 officers to take control of the exchange […]
Coinbase, one of the largest cryptocurrency exchange in the world has launched Coinbase Prime, a service aimed at big money bags in the community. The exchange said in a statement that Coinbase Prime, platform is designed specifically to provide a suite of tools and services that institutional investors rely on […]