Indonesia’s ride-hailing startup, Go-Jek, said it has raised around $1 billion in a funding round. According to Reuters News, the latest funding round was led by Alphabet Inc’s Google, JD.com Inc and Tencent Holdings, sources familiar with the matter said on Friday. The startup said in its Google, Tencent and […]
South Korea’s gaming giant, Netmarble Netmarble said it will form a consortium to bid for a controlling stake in Nexon’s holding company, the latest to show interest in a deal that could be worth about $9 billion after Kakao. Netmarble Corp and Kakao Corp are backed by Tencent Holdings Ltd […]
Snap Inc., said it has appointed Lara Sweet as its as interim Chief Financial Officer and principal financial officer. Ms. Sweet’s appointment follows the previously announced departure of Chief Financial Officer Tim Stone, which is planned for February 5, 2019. Ms. Sweet will report to CEO Evan Spiegel. Mr. Stone […]
There are more troubles ahead for the Chinese telecoms giant, Huawei. The United States had announced criminal charges against China’s Huawei Technologies Co Ltd, escalating a fight with the world’s biggest telecommunications equipment maker which denies wrongdoing, and coming days before trade talks with Beijing. The Justice Department charged Huawei […]
Alibaba Group Holding Ltd., said its fully-backed home improvement chain Easyhome will take its new retail arm public via a deal worth up to $5.65 billion. The investment in Easyhome is from a state-backed conglomerate, Wuhan Zhongshang Commercial Group Co Ltd. The conglomerate said in a statement that it would […]
The world’s largest telecoms company, Huawei Technologies Co Ltd., has on Thursday introduced its first 5G base station chipset called Tiangang. Tiangang is world’s first core chip specifically designed for 5G base stations, Huawei TIANGANG. At a 5G launch event in Beijing that doubled up as a pre-briefing for the […]
Adobe has today announced that it has acquired Allegorithmic, a maker of Substance, the industry standard for 3D textures and material creation in game and video post-production. By combining Allegorithmic’s Substance 3D design tools with Creative Cloud’s industry-leading imaging, video and motion graphics tools, Adobe will empower video game creators, […]
Location technology specialist TomTom today announced the sale of its Telematics business to Bridgestone Europe NV/SA. Bridgestone Europe NV/SA is a subsidiary of Bridgestone Corporation in EMEA, for a purchase price of €910 million, and proposes to return the majority of the proceeds to its shareholders. This transaction allows the […]
Sources from CNN said that US federal prosecutors are reportedly working on a criminal investigation into Chinese telecom giant Huawei. According to CNN, Investigators are looking into whether the firm stole trade secrets from US business partners, The Wall Street Journal reported Wednesday, citing unnamed sources. The Journal reported that […]
Salesforce is in preliminary talks to acquire Israeli workforce management software company Clicksoftware Technologies Ltd., according to Israel-based Calcalisttech. The deal discussed values Clicksoftware at around USD1.5 billion, sources said. If a deal goes ahead, it would be the second significant acquisition by Salesforce in Israel in less than a […]