Corporations

Logo and mascot 'Ali cattle' in the headquarter of Alibaba...

Alibaba Gets $1 Billion Stake Investment In Lazada

Alibaba is about to acquire Singaporean start-up Lazada for about $1 billion that was established by the German technology Rocket Internet. Existing shareholders including Tesco, AB Kinnevik and Rocket Internet will sell a portion of their shares to Alibaba.

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A taxi driver is using Didi Dacha App

Competition Heats Up In China Between Uber And Didi Which Raised Funding Target to Over $1.5 Billion

Didi's target for funding has raised to $1.5 billion to compete with Uber in China. Didi operates in 400 cities and is expected to accelerate to about 10 million at the end of the year.

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The Logo of Enel Green Power is pictured

Italy's Enel Green Power Dominated the Bid for Mexico's Renewable Energy, Wins 3 Solar Projects

Mexico will be rich in renewable energy as private energy companies flock to the state to provide them with electricity generated from clean energy to be sold to Comisión Federal de Electricidad. Italy’s Enel Green Energy won 3 projects and will build solar plants while others will provide energy from wind farm.

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INDIA-ECONOMY-TECHNOLOGY-BUSINESS-INVESTMENT

Silicon Valley on India: Striking The Iron While It's Hot

There is a saying "Strike while the iron is hot". That is what Silicon Valley is doing - investing big in India where the economy grows faster.

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Aerial Views Of The Bay Area As The City Seeks Break From Rising Rents

Roofstock Raised $13.25 Million, Inaugurates Rentals Marketplace

Roofstock gets Series A funding of $13.25 million led by Bain Capital Ventures. The funds will be used in an online marketplace and will be launched on Thursday in Florida.

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CNBC Events - Delivering Alpha 2015

Billionnaire Investor Carl Icahn Posted His Worst Loss Since 2008

Activist investor Carl Icahn on Monday reported a loss of $1.7 billion investment in 2015. This was a 18% down from previous year.

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Changing Tech in Payment and Shopping

Blippar Raises $55 Million to Broaden and Develop Its Augmented Reality

Blippar has a total funding of $55 million in Series D including those from its present investors which CEO and founder Ambarish Mitra called as investors with 'long-term vision'. The said fund will be used to 'power the future of visual discovery'.

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China's Central Bank Lifts 2nd Home Mortgage Down Payment

Zheshang Bank Co. Postpones Gauging Demand for $1 Billion Hong Kong IPO

Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO.

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Vancouver Hosts Gay Pride Parade

BC Clean-tech alliance seeks $500-mln fund from Trudeau

B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. province has written a letter to the Prime Minister Trudeau to extend support to clean-tech industry.

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Startup Entrepreneurs At Jerusalem Venture Partners Tech Hub

Israeli investment firms get $665 million in 2016

Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed with the recent market crash, the funds inflows continue for Israel startups.

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Tesla Update v7.0 Enables Self-driving Test In China

Elon Musk, Tesla Finally Own Tesla.com Domain

Domain name Tesla.com is finally owned by Elon Musk's Tesla. All web traffic from the new website will now be redirected to the company's official page, TeslaMotors.com.

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CHINA-ECONOMY-TRANSPORT-TAXI-DIDI KUAIDI

Alibaba, Tencent Holdings to Fund Didi Kuaidi $1 Billion

Did Kuaidi, the largest ride-hailing service in China is about to raise $1 billion the same amount that Uber spent last year for its expansion. It is going to be a tough competition for both companies since they are being backed up by other large companies such as Alibaba and Tencent Holdings Inc.

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Wearable Tech Sport

Revl Received $2 Million Seed Fund for Developing Shake-reduction Smartphone Camera

The San Francisco startup and smartphone maker Revl has been seed funded of $2 million by venture capitalist Bill Tai along with other investors like Frog Ventures, Y Combinator, Lars Rasmussen and James Lindenbaum.

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OJK Holds Dialogue on Strengthening Indonesias Financial System

OJK’s New Regulation on Licensing and Organization of Venture Capital Companies

OJK Issued a new regulation with regards to Venture Capital Companies. The new provision changes the licensing and organization of venture capital companies, and includes sharia law and sharia-based legal entities.

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South African Finance Minister Pravin Gordhan Delivers 2016 Budget

Jacob Zuma fails to fulfill economic promise to South Africa

President Jacob Zuma is at the center of criticism over lack of infrastructure facilities to attract foreign capital and global companies. All quarters of the society are calling for government's commitment to restore business confidence on South Africa.

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