When Walmart paid $16-billion for control of India’s e-commerce pioneer Flipkart Online Services from investors, including Naspers, last year, the US retail giant got a little-noticed digital payments subsidiary as part of the deal.
Browsing: World
German economics minister Peter Altmaier plans to build up a German cloud service to allow European companies to store data independent of Asian or US rivals such as Amazon.com.
IBM closed its $34-billion purchase of Red Hat, sealing the world’s second largest technology deal ever and setting up the US technology company on a path to try and compete with top software purveyors in the cloud.
Billionaire Richard Branson’s Virgin Galactic plans to go public and become the world’s first listed space-tourism venture, the Wall Street Journal reported.
Wall Street hasn’t been this pessimistic about Apple in a long time.
Tencent-backed grocery delivery start-up Missfresh is seeking new funds, according to people familiar with the matter, refilling its coffers as startup capital-raising gets tougher.
Automakers to trading houses are becoming more concerned about future supply shortages of key materials needed for electric vehicle batteries as spending on new production soars.
Apple’s Steve Jobs was singular in his ability to take a company “on a path to die” and turn it into the world’s most valuable – in part by “casting spells”, billionaire Bill Gates said.
Financial regulators must act fast to prepare for the push by US technology giants like Facebook into the financial system, according to European Central Bank executive board member Benoit Coeure.
This week’s Asia Blockchain Summit in Taipei highlighted how volatility is back, reviving the excitement around crypto trading.