Tokopedia has garnered $1.1 billion from its latest funding round wherein it was valued at $7 billion. Tokopedia, an Indonesian e-commerce company, stated it has secured $1.1 billion from its latest funding round which was led by Japan’s SoftBank Group Corp and China’s Alibaba Group Holding Ltd. This investment follows a similar trend from last…
SoftBank could make as much as $3 billion from this potential sale. Bloomberg has cited sources familiar with the matter at hand as saying, SoftBank Group Corp plans on selling its stake in Nvidia Corp in early 2019. One of the reasons cited for this plan is the downward tread of Nvidia’s shares. SoftBank is…
Yesterday, senior officials from the Department of Homeland Security and the Justice Department at a Senate Judiciary Committee hearing on “China’s Non-Traditional Espionage Against the United States: The Threat and Potential Policy Responses.” As per a senior U.S. intelligence official, in recent months, cyber activities by China in the United States has increased significantly. These…
While not ruling out the possibility of a future launch, a US congressional panel on Tuesday was informed by Google chief executive Sundar Pichai that the company did not have any immediate plans to launch any search engine specifically for the Chinese market. Earlier in August, the US lawmakers in a letter were informed by…
The most revered auto industry association in China said on Tuesday that there was a drop of 13.9 per cent in the sale of automobiles in China for the month of November compared to the same period a year earlier. This denotes the largest drop in the sale of number of auto units since more…
The Australian government wants to impose a number of strict restrictions on U.S. tech giants to curb their influence as suggested by a government review report. The report that was published by the Australian Competition and Consumer Commission (ACCC) suggested that that the government should create a watchdog which would be exclusively tasked with regulation…
According to media reports, the embattled Chinese tech giant Huawei has informed the British government that it would be expending about $2 billion in the country as it tries to dissuade fears among the British authorities related to its security as raised by the British government in a report earlier this year. The reports are…
The appointment, effective immediately, sees Vishah Shah replacing Adam Mosseri who became Instagram’s head in October 2018. Facebook Inc’s owned photo-sharing app Instagram stated, it has promoted Vishal Shah, its director of product management, as the head of product, effective immediately. The position was earlier held by Adam Mosseri, who was appointed as Instagram’s head…
The strategic move places Uber in direct competition with venture-capital backed startup Citymapper. On Tuesday, as per a report from the Financial Times which cites source familiar with the matter at hand, Uber Technologies Inc plans on integrating the bus and Tube timetables of Transport for London. The development will place Uber in direct competition…
As per SQN Investors, the slow pace of innovation at Yelp has enabled its peers to narrow its lead. Further, in the last several quarters, Yelp’s performance was dismal with revenue expansion dipping below 2%. SQN Investors LP, a hedge fund which has built a substantial holding in Yelp, has called for an overhaul of…
