Tech

Snap appoints Lara Sweet as interim CFO
Tech

Snap appoints Lara Sweet as interim CFO

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 […]

US files criminal charges agiants Huawei
Tech

US files criminal charges agiants Huawei

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’s Easyhome goes public via share sale
Global Tech

Alibaba’s Easyhome goes public via share sale

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 […]

Huawei unveils Tiangang, world’s first 5G chipset
Global Tech

Huawei unveils Tiangang, world’s first 5G chipset

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 acquires Allegorithmic
Tech

Adobe acquires Allegorithmic

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, […]

TomTom sells telematics unit for €910 million
Tech

TomTom sells telematics unit for €910 million

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 […]

US advances trade secret theft investigations on Huawei
Global Tech

US advances trade secret theft investigations on Huawei

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 […]

Brief: Salesforce to acquire Clicksoftware for USD1 billion
Tech

Brief: Salesforce to acquire Clicksoftware for USD1 billion

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 […]

Alibaba acquire Data Artisans for $103 million
Tech

Alibaba acquire Data Artisans for $103 million

China’s China’s Alibaba Group Holding said it has acquired Data Artisans. According to the Data Artisans in a statement, the acquisition was for a total of $103 million. The transaction marks the first full takeover by a Chinese company on Berlin’s growing startup scene. In the last significant deal, Alibaba’s […]