While there was a stalling of the overall growth of users due to a clampdown on fake accounts, the first quarterly profits in its 12-year history was reported by social media platform Twitter. A string of cost cutting measures at the San Francisco-based social network company resulted n the company reporting a net profit of…
Fraedom, a company that offers the technology of Software-as-a-Service and provides solutions for payments and transaction management for clients including financial institutions and other corporate customers would be acquired by Visa. The latter made announcement recently. Visa IntelliLink Spend Management which is a core platform that caters to the needs of Visa’s commercial and small-business…
Although Chinese military drones look suspiciously similar to U.S. and Israeli ones, drone makers are confident that customers will continue to prefer a reliable strike platform rather than a cheap unreliable ones. A predicted rise in demand for military drones from regions in Asia, the military drone market is gradually leaning towards Chinese drone makers…
Ant’s pre-IPO fundraiser, dependent on investor feedback, is aimed at gaining size as it looks to expand in its home base as well as abroad. As per sources familiar with the move, Ant Financial Services Group, a Chinese online payment firm, is planning on raising up to $5 billion in fresh equity. The move could…
The move marks the latest effort by companies in Japan to fight Amazon.com from gaining a foothold in the island nation. On Friday, Japanese business daily NHK reported, SoftBank Group Corp, Yahoo Japan Corp and Aeon Co Ltd plan on launching an online retail business. The online retail business will sells all kinds of products…
Xiaomi, the Chinese smartphone maker has pledged to regain its lost position as the top smartphone seller in the Chinese market. The company intends to regain that position within a period of 10 quarters. Xiaomi had lost the position as the top smartphone company in its domestic market in 2016. This was pledged by the…
The industry of business jets holds much more to offer other than the notion that it is just an indulgence of the global elite. This is being exhibited a very new company into this industry. Touted to be the first of its kind in the world, the Starling Jet is a hybrid-electric business aircraft which…
The development is a follow through on Amazon’s $13 billion acquisition of Whole Foods in 2017. On Thursday, Amazon.com Inc stated it would start delivering Whole Foods groceries to Prime Now members in select U.S. cities; the service will soon expand to the rest of the country as well. In a statement, the world’s largest…
McNeill’s ability to nurture and bring a startup to scale will be beneficial for Lyft as it continues to grow and expand in the coming years. Lyft disclosed it has hired Jon McNeill, a former president of global sales and service at Tesla, as its chief operating officer and noted McNeill’s ability and experience of…
Apple’s strategy is aimed at strengthening bonds with local Chinese suppliers and government bodies. Despite facing strong headwinds from China’s business practices, Apple is pushing to make headway with its CEO visiting the country frequently in recent times. With Apple Inc pushing to make headway in China, the world’s second largest economy, it boosted its…
