While Mercari has gained traction in Japan and Britain, in the U.S. although it does not any direct competitor, it is to be seen how it will mitigate challenges from tech giants, including eBay Inc and Amazon.com who dominate the e-commerce market. Riding on the success of a recent funding round which boosted its market…
The music streaming giant will use Citadel Securities, as a market maker, and Morgan Stanley to set its opening price on the NYSE on Tuesday. The New York Stock Exchange has set the reference price for Spotify Technology SA’s shares at $132. Its shares are expected to start trading on Tuesday. Incidentally, Spotify is pursuing…
Softbank Group has spread its investment across major players in India’s burgeoning e-commerce market, including in home-grown Flipkart, Snapdeal and Paytm E-Commerce. As per a regulatory filing, as part of a funding round that values India’s Paytm E-Commerce Pvt. Ltd at $1.9 billion, Japan’s SoftBank Group will invest $400 million with exsiting investor Alibaba also…
With Apple distancing itself from Intel chips marks a significant shift for its Mac lineup. The strategic initiative should be seen in the light of Apple designing its processors for the iPhone 4 in 2010 and has steadily increased the number of chip it handles directly. In a strategic initiative, code-named Kalamata, aimed at backward…
JokerStash, a well known criminal group, has managed to breach Hudson’s Bay Co’s security systems and gain access to its payment cards data. Having penetrated the security systems of Hudson’s Bay Co, hackers have gained access to data on payment cards used at Saks and Lord & Taylor stores in North America, said Hudson’s Bay…
Fitness apparel maker Under Armour acquired MyFitnessPal for $475 million in in 2015. It has now issued an alert on its website urging users to change their password immediately, as it monitors and works with law enforcement and data security firms to secure its systems. In a cyber attack that resulted in the leak of…
Uber Technologies’ deal to sell its Southeast Asian operations to rival Grab, announced earlier this week on Monday, is drawing flak from Singapore’s Competition Commission since it allegedly violates the country’s competition rules. On Friday, Singapore’s antitrust regulators said, it had grounds to believe that ride-services firm Uber Technologies Inc’s efforts to sell its Southeast…
Although a few of its systems were affected by malware, due to timely remedial measures neither deliveries nor production was affected by the intrusion. Boeing Co’s vice president stated the planemaker had “detected a limited intrusion of malware” that had affected “a small number of systems”. Media reports that malware had caused disruptions in Boeing…
The deal sees Fujifilm spreading its revenue sources by investing in biotech firms involved in regenerative pharmaceuticals and medicine. The fate of its acquisition of Xerox is still uncertain as it faces strong headwinds from activist investors Carl Icahn and Darwin Deason. In efforts aimed at boosting its healthcare business, Fujifilm Holdings said it would…
The strategic move could help ease antitrust concerns for Chinese regulators. In a strategic move, NXP Semiconductors NV, a U.S. chipmaker who was the target of a $44 billion takeover bid by Qualcomm Inc, sold its stake in a Chinese chip design joint venture firm. As per a stock exchange filing, NXP sold its 40%…
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