Baidu’s iQiyi video division is set to become the latest Chinese tech company to go public in the U.S. after it filed to raise up to $1.5 billion via an IPO on the Nasdaq. The service was started in 2010 by search giant Baidu, which owns a dominant 70 percent of the company. Xiaomi (eight percent) and Hillhouse (six percent) are the other major names that have backed it. A… Read More Powered by WPeMatico
Author: geekfenceblogger
It sure seemed like Fitbit was all in on the Ionic. The company’s first true smartwatch was the result of multiple acquisitions and CEO James Park was talking up the device as a sort of lifeline for the struggle company. But the product stumbled for both hardware and software reasons, and the company acknowledged during its earnings call that sales weren’t near what it had hoped.… Read More Powered by WPeMatico
eBay is ramping up its presence in Japan via its latest investment in Asia. The U.S. online retail giant announced today that it has acquired the Japan-based business of pan-Asia e-commerce company Giosis, which is called Qoo10.jp, in an undisclosed deal. eBay originally set up Singapore-based Giosis in 2010 alongside Korea’s Gmarket, and as part of today’s deal it will give up… Read More Powered by WPeMatico
Self-driving car startup Aurora has raised $90 million in a Series A round, with participation from both Greylock Partners and Index Ventures. The new funding adds to its available cash and will make it possible for the young startup to scale more quickly, but Aurora CEO Chris Urmson told me that the most important part of this deal from his perspective is that Aurora gets two, high-profile… Read More Powered by WPeMatico
Your trip through the airport or train station may soon become a little more crowded — not with people, but with robots, busily scanning and plotting the space so that one day, even more of their cousins can zip around with your luggage and Shake Shack orders. Here, the mapping company majority-owned by Audi, BMW and Daimler, has entered a robotics partnership with Naver Labs, part of… Read More Powered by WPeMatico
Brand View: New executive to drive cloud growth in markets that share rapidly developing economiesPowered by WPeMatico
DIFC Courts chief executive Amna Al Owais said there needs to be a faster way of handling legislationPowered by WPeMatico
UAE energy minister Suhail al-Mazrouei said cuts in January exceeded the percentage required in the dealPowered by WPeMatico
Amazon has quietly launched its Prime Music service in India today. The retailer brought its Prime service to India some 18 months ago, but at the time it was lacking the free music and video streaming services. Amazon added the Prime Video months later, but it has taken some time for the music service to be deemed ready for the market. Medianama — where we first read of today’s… Read More Powered by WPeMatico
Kindred Capital, a London-based VC firm that has actually been up and running since 2015, is announcing that it has closed its first seed fund of £80 million, money it has already been deploying in around 20 tech startups throughout Europe over the last two years. Read More Powered by WPeMatico