HONG KONG — As companies listed in China continue to suffer fallout from the stock market collapse, the Chinese ride-sharing app Didi Kuaidi on Wednesday showed why it is good to be private.The company, whose smartphone services connect users to taxis and private drivers, said in a statement that it had raised $2 billion in a new round of fund-raising, and might raise still more.
Uber has picked up another strategic investor.The ride-sharing company has raised roughly $100 million in financing from the Tata Opportunities Fund, an Indian private-equity firm owned by the Tata Group, the Indian conglomerate, according to a person with direct knowledge of the matter. The investment is meant to help Uber expand its business in India, one of the world’s biggest markets.
Another day in tech, another company tops $100 million in money raised.Docker, a fast-moving maker of software for managing applications on a global basis, said Tuesday that it has raised another $95 million. With this fourth round of funding Docker, which two years ago was near extinction, has raised about $160 million.
Messenger bags are my favorite style of bags because they are casual, don’t fall over when you set them on a flat surface and can hold all my gear with room to spare. Thousands of other people must also like messenger bags because Peak Design’s Everyday Messenger Bag Kickstarter campaign has already raised over $1M in the four days since it was launched.
Twenty-two members of Congress have asked Attorney General Loretta E. Lynch to determine whether race played a factor in espionage-related charges brought against a Chinese-American hydrologist and are asking her to investigate whether there is a practice of targeting federal employees based on their race or national origin.Representative Ted W.
Tim Cook sent an email to Jim Cramer reassuring investors that everything is fine in China. “China Represents an Unprecedented Opportunity”, Apple CEO Tim Cook Says is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
As China president Xi Jinping begins a trip to the United States that could include the first arms control accord for cyberspace between the United States and China, a new RAND report that rates the cyber warfare capabilities of the world’s two largest economies shows how important such an agreement could be.
From private rides to hamburgers to marijuana, there is perhaps no better time in history to get anything delivered with little more than a tap of a smartphone button.Shyp, a company that lets customers summon workers to quickly pick up, pack and ship parcels, said on Tuesday that it has raised $50 million in venture capital, the largest funding round in the start-up’s history.
Thumbtack, which handles marketing and job listings for professionals like yoga instructors and electricians, has raised $125 million and is now valued at about $1.3 billion.The investment catapults the six-year-old start-up into the ranks of the unicorns, a popular term for privately held companies that are valued at more than $1 billion. Thumbtack was valued at around $750 million last year.
It is either the first step in the largest takeover of an American company by a Chinese one or a new chapter in the emerging technological cold war between the two countries, Paul Mozur and Quentin Hardy report.
Payment processor Moneris wants merchants to know their point-of-sale terminals will be Apple Pay ready, when the time comes.Moneris to Merchants: Your Terminal is Ready to Accept Apple Pay is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
American Express has announced it now supports corporate cards for Apple Pay users.American Express Launches Apple Pay Support for Corporate Cards in the U.S. is a post from: iPhone in Canada Blog - Canada's #1 iPhone Resource
In case you don't know, Xiaomi doesn't just make smartphones. The company also manufactures other devices like TVs and only recently, a water purifier. We're not much interested in the latter because the brand's latest 4K TV has captured our attention. Officially called as the Xiaomi Mi TV 2S, this new device boasts of a 48-inch 4K display screen in a 9.9mm thick aluminium frame.
Five years ago, the global financial system was rocked by the “flash crash,” 15 minutes of chaos that shook the world’s biggest markets and prompted investors both big and small to question how such a vital part of the economy could be brought to its knees.
Financial technology start-ups are creating new models of lending. They mine streams of digital data with clever software to calculate creditworthiness instead of relying on a person’s credit history, the main ingredient in traditional credit scoring.
In Seattle, President Xi Jinping of China on Tuesday addressed wary American business executiveswho are worried about market barriers, cybertheft and tough security measures imposed on foreign companies. But back in China, an American company is breaking down its own market barriers.