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India’s Paytm in talks with SoftBank to raise $1.2-$1.5 billion: report

(Reuters) – Electronics payments provider Paytm is in talks with Japan’s SoftBank Group to raise $1.2 to $1.5 billion in cash, making the latter one of the largest shareholders in the fintech start-up, Mint newspaper reported on Wednesday citing sources. Source
Posted On 19 Apr 2017

Japan government fund, bank mull bid with Broadcom for Toshiba chip unit: media

TOKYO (Reuters) – A Japanese government-backed fund and policy bank are considering a joint bid with Broadcom Ltd for Toshiba Corp’s semiconductor business, a move that would vault the U.S. chipmaker into the lead to buy the prized unit, the Asahi newspaper said on...
Posted On 19 Apr 2017

China EV start-up Nio to sell mass-production car next year

SHANGHAI (Reuters) – Chinese electric vehicle start-up Nio will start selling its first mass-production vehicle next year, the firm said in a statement on Wednesday, as it unveiled its ES8 SUV car at the Shanghai auto show. Source
Posted On 19 Apr 2017

IBM posts first revenue miss in five quarters, shares tumble

(Reuters) – International Business Machines Corp reported a bigger-than-expected decline in revenue for the first time in five quarters due to weak demand in its IT services business, a sign that the company’s turnaround could take longer than expected. Source
Posted On 19 Apr 2017

China EV makers to take on Tesla’s Model 3 through price, local manufacture

SHANGHAI (Reuters) – It’s not due to arrive in China until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch cars to go head-to-head against Tesla Inc’s “mass market” Model 3 sedan. Source
Posted On 19 Apr 2017

Inspired by Pokemon Go, Facebook pushes augmented reality

SAN JOSE, Calif. (Reuters) – Facebook Inc is trying to seize on the technology known as augmented reality, a mix of the real and digital worlds best known from the hit smartphone game Pokemon Go, Chief Executive Mark Zuckerberg said on Tuesday. Source
Posted On 19 Apr 2017

China’s Ant Financial targets brand boost in SEAsia with helloPay deal

BEIJING (Reuters) – Ant Financial, the payment affiliate of Alibaba Group Holding Ltd , has acquired Singapore-based payment service helloPay Group, part of the Chinese firm’s drive to boost its Alipay brand and presence in Southeast Asia. Source
Posted On 19 Apr 2017

Ford taking cautious approach to China electric vehicle market

SHANGHAI (Reuters) – Ford Motor Co is taking a cautious approach to producing electric and plug-in hybrid vehicles for the Chinese market, citing uncertainty about consumer interest and government policy, despite a rush by carmakers to jump into the sector. Source
Posted On 19 Apr 2017

Baidu to launch self-driving car technology in July

(Reuters) – Baidu Inc said on Tuesday it would launch its self-driving car technology for restricted environment in July before gradually introducing fully autonomous driving capabilities on highways and open city roads by 2020. Source
Posted On 19 Apr 2017

Yahoo’s first-quarter revenue jumps 22 percent

(Reuters) – Yahoo Inc reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications Inc . Source
Posted On 19 Apr 2017