Like other tech giants, Shape Security Inc., ‘Botnets’ security service provider has been eyeing to enter into Chinese ecommerce market since long. Inclusion of Beijing based investor, Northern Light and raising sufficient funds for spreading elsewhere- appear as two contributing factors. These factors have led Shape to penetrate the world’s largest ecommerce zone.
Investors
Qualcomm & TDK Form $3 billion Venture To Develop Smart Phones Using Radio Frequency Chips
Qualcomm Inc. and TDK group tie up to form a $ 3 billion project in Singapore. After completion of the venture by 2017, Qualcomm will own 51% of the new company with a provision to purchase TDK’s stake at a later time. Following the joint venture, Qualcom’s share price has fall a little but TDK share price has jumped by 5.5%, highest change within last two moths.
Goldman Agrees To Pay $5.1 billion, Resolves 7 Years’ Pending Mortgage Security Dispute
Goldman Sachs Group Inc. has finally agreed to pay $5.1 billion on Wednesday to resolve a seven years’ pending dispute over faulty mortgage securities. The penalty amount remains lower compared to those counted by other Wall Street competitors. Fourth quarter profit of the firm may be hit by the penalty counting. But investors welcome the settlement and its share price rises by 1.5% on Thursday.
UK technology sector mobilizes $3.6-bln VC in 2015
The UK-based technology firms mobilized $3.6 billion (£2.5 billion) funds from venture capitalists (VC) in 2015 and this is 70 percent higher than $2.1 billion in 2014. London technology companies accounted for more than half of the mobilized VC funds. The increasing investor appetite for technology startups and fintech firms has been the main factor that propelled the VC funding.
Anaplan mobilizes $90 mln in latest VC round
The San Francisco-based cloud software company Anaplan has closed the latest round of VC funding to the tune of $90 million giving a valuation of the company at $1.09 billion. The latest investment round was led by Indian firm Premji Invest.
Latest News
A group of technology executives in Canada and U.S. launched a Toronto-based $100 million venture fund. The group is focusing to fund enterprise software to establish its investment portfolio.
Venture capital firms raise less capital and face a slowdown in tech funding for 2015. However, the number is still above annual average since 2006.
Venture capital fund in the U.S. dropped by 9% in 2015, but a strong fundraising pace from 2014 continued. Investor become more selective to put the capital in startup companies.
John Legere has been witnessing a social media riot centering his F bomb blasting during a question- answer session in Twitter on Monday. One of T Mobile’s ‘Binge On’ has reportedly withdrawn itself from the platform. The embattled CEO has been compelled to seek apology but tries to make it conditional. T Mobile is accused of violating net neutrality through throttling by EFF and net neutrality advocates.
Toyota Mirai has been represented with a flat antenna at this week’s North American International Auto Show in Detroit on Tuesday. The flat antenna technology is capable of widening the coverage area and shares the same communication standard across national borders. The Mirai trial still appears in the early testing stages and Toyota commits to install data communication modules in a wider range of vehicles.
Rents in London were up over eight percent, while overall national average was 4.8 percent in 2015. Majority of millennials prefer rented accommodation rather than buying a house or flat. Millennials are not bothered about maintenance works and other mortgage tension these days. The Generation Rent also considers buying a property is very expensive.
The weakening business confidence coupled with global economic challenges is impacting the UK manufacturing sector in more negative way. Despite odds forecast for 2016, majority of manufacturing firms in the UK are going ahead with their investment plan for technology and innovation. About 44 percent of UK companies participated in a survey expressed their concerns about challenging 2016 year.
Economists express concerns over the repetition of property bubble in the US market as it's overvalued. Analysts estimate that the real estate is overvalued in the range of 25 percent to 60 percent considering the average price and average income in a particular area. However, the US property market is attracting more foreign investment and it's forecast to be higher than in 2015.
US Treasuries dropped for the first time in seven days as China concerns eased. The unexpected depreciation of Yuan by China's central bank sent shock waves across the global markets. This triggered selloff in equities and forced investors towards safe havens such as treasuries and gold.
