Investors

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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CNBC Events

Investors Still Support Pfizer CEO After Failed Merger With Allergan

The company called off the acquisition of Allergan after the U.S. Treasury issued the rule preventing the deal. Nevertheless, Chief Executive Officer Ian Read still has the investors support.

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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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INDIAN TONIC WATER

Fever-Tree Founders Sold £18 Million of Shares Due to Demands From Investors

Fever-Tree founders have reportedly sold their shares worth £18 million in total as a result of demands by investors. However, they claim to still be sticking with the business and still have the majority of their shares.

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Xiaomi Corp. Vice President Of Global Operations Hugo Barra Launches The Mi 5 Smartphone In India

Xiaomi Partners with India's Hungama, Invests $25 Million

Xiaomi’s partnership with India’s Hungama will make it easier, more accessible and more affordable for locals to access the company’s service that will soon be integrated together with themes and ringtones.

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Think it Up Live Austin

ICTSI unveils new community investment fund

International Container Terminal Services' Australian arm, Victoria International Container Terminal Limited (VICT) has unveiled a new community investment fund program. The company invites domestic non-profit community institutions to apply for fund up to $20K.

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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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88th Annual Academy Awards - Arrivals

Whoopi Goldberg Launches Marijuana Venture, "Whoopi & Maya"

Actress and comedienne Whoopi Goldberg launches her new business venture with partner Maya Elisabeth, called ‘Whoopi & Maya’. The business is a product line of marijuana-infused products along with other medicinal plants that help alleviate symptoms of PMS. Product prices are not yet disclosed.

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The Creators Party Presented By Spotify, Cicada, Los Angeles - Arrivals

Spotify Raises $1 Billion Through Financing Deal

Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The deal placed by Goldman Sachs is expected to close on April 2.

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Apple Introduces New Products

Dumont & Blake reduces Apple's stake by 6%

Dumont & Blake Investment Advisors LLC reduced its shareholding in Apple by 6% in the final quarter of 2015. Dumont sold 2,164 shares of the company in the fourth quarter and currently owns 34,115 of Apple shares.

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Staphylococcus Epidermidis SEM

Iterum Therapeutics Ltd., Raised $40 Million in Series A For Licensure and Development of Anti-Infective Drug

Iterum Therapeutics Ltd. secured $40 million in Series A funding led by Frazier Healthcare Partners together with other venture capitalists. The said fund will be used to acquire license and to enhance the development of the anti-infective drug that could counter certain bacteria's resistance to antibiotic.

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Last-Minute Filers Race To Make Income Tax Deadlines

Investors Pay More Attention to Overall Financial Plan During Tax Season, Study Says

A recent Charles Schwab study revealed that almost half of U.S. investors are addressing their overall financial plan on the tax season. Tax preparation is also associated with more confidence while doing their tax. However, the study also unveiled a room for improvement for investors’ approach to planning their taxes.

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Aurora Flight Sciences' LightningStrike VTOL Plane

Aurora Flight Sciences Develops Vertical Takeoff X-plane with Defense Agency and Investment Firm

Aurora Flight Sciences has been awarded a $89 million worth contract with a defense agency DARPA. The company is developing new design and technology that could enable its X-plane to do a vertical take-off, as well as hover and fly forward efficiently, potentially revolutionizing the military and commercial aviation sector.

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Militants show off a health insurance card

Next Insurance Raised $13 Million In Seed Funds

Next Insurance raised a seed fund of $13 million led by Zeev Ventures together with TLV Partners and Ribbit Capital. The fund will be used to help small businesses seek and get insurance online without any difficulty.

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Oil prices in UAE

UAE’s Beco Capital Projects Tech Startups to Boom in The Region Amid Low Oil Prices

UAE venture capital firm BECO Capital expects that the tech sector will spur amid the slowdown in the economy due to low oil prices. Especially in the region, the firm projects that tech startups will face a significant growth as the government seek to achieve diversification to non-oil sectors.

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