India’s Zoomcar raises $40M led by automotive giant Mahindra & Mahindra

 India’s Zoomcar — which operates an on-demand car rental service — has raised a $40 million Series C round led by Mahindra & Mahindra, the 70-year-old Indian corporation that specializes in...

Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

 Korea’s dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from...

HTC’s smartphone chief and ex-CFO, Chialin Chang, resigns

 HTC’s smartphone and connected devices president and former CFO, Chialin Chang, has resigned. The move, spotted earlier by Engadget, was announced today and is effective immediately. Read More Source link

JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others

 JD.com, the Chinese e-commerce giant that is Alibaba’s closest rival, is raising giving its logistics spin-out business a huge boost after it announced that the unit is raising $2.5 billion....

Foxconn is working with RED to make cheaper and smaller 8K cameras

 Foxconn, AKA Hon Hai Precision Industry, AKA the company that made your iPhone, is working with digital cinema pioneer RED to create affordable 8K cameras, the company announced. Chairman Terry...

What to expect from Samsung’s next Galaxy flagships

 It’s that time of year again. Samsung is getting ready to unpack some shiny new high end smartphones at the world’s biggest mobile confab. And Android fans are getting ready...

Alibaba invests another $1.3 billion into its offline retail strategy

 Alibaba has furthered its physical retail footprint after it invested another billion dollars into projects to develop its so-called “new retail” strategy which combines online and offline. The Chinese firm,...

PSA: No India hasn’t banned Bitcoin — but it’s still talking tough on crypto

 Reports of the death of Bitcoin in India have been greatly exaggerated. Read More Source link

Alibaba is picking up 33% of Ant Financial, its fintech affiliate that’s valued at...

 Alibaba has added an additional angle to the announcement of its latest financial report today with news that it is taking a 33 percent stake in Ant Financial, its affiliated...

Nintendo is bringing Mario Kart to mobile

 In news that will excite every Nintendo fan on the planet, the Japanese gaming giant just announced that it will bring its hugely popular Mario Kart series to mobile. Nintendo...
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APLICATIONS

After Meltdown and Spectre revelation, questions arise about timing of Intel...

 The timing of Intel CEO Brian Krzanich’s large sale of shares in November is raising questions because a Securities and Exchange Commission filing...

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