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.
Regions
Uber Offers Job of Drivers to Nonviolent Criminal Offenders in California
Uber has changed its driver recruitment policy and advised the previously rejected applicant seeking for drivers’ job to take the benefit of proposition 47. This law allows nonviolent criminal offenders to downgrade their offence level to misdemeanor through submitting applications. Uber’s effort is believed to benefit the released inmates who aim to rebuild their lives.
Shape Round Raises $25 Million Fund Series D, Eyes Chinese Ecommerce Market
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.
Obama’s Final ‘Meet The YouTube’ Airs on Friday
Unlike six other times, Barack Obama will face an interview for the last time as an incumbent President in YouTube on Friday. This time he will answer the selected questions of a trio, who combined remains ahead of the President himself by a huge margin in terms of subscriptions. During his entire 10 years in the office, he has used technology to publicize behind- the- scene photographs as token of his goodwill gesture.
Sainsbury holiday sales meet forecast on non-food revenues
UK's second largest retailer J Sainsbury Plc registered revenues for the third quarter as per the forecasts. The total retail sales of Sainsbury were up 0.8 percent excluding fuel and were down 0.7 percent including fuel as against the analysts' average forecast of 0.6 percent decline for the quarter. However, Sainsbury has surpassed the forests for Christmas sales.
Latest News
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.
A new ADB report has shared data that shows that the Southeast Asian region is among the top greenhouse gas emitters in the world. The report recommended efficiency and reduction of carbon-based fuel to help reduce emissions.
South Korea fired several warning shots at a suspected North Korean drone on Wednesday. The incident took place at DMZ, in a border between the countries, a week after North Korean nuclear test.
The United Nations (UN) has received funding of $250million and needs additional $500 million for education programs for over one million Syrian children. Gordon Brown, the former UK Prime Minister and UN envoy for global education, is committed to mobilize money in next month. Brown has decided to raise money from the World Economic Forum (WEF) in Davos and other international conferences.
Israeli's Tactical Robotics Ltd. has successfully conducted another test flight for AirMule Unmanned Aerial Vehicle (UAV) last month. The drone is designed for search and rescue operation in an area which is unaccessible for helicopter.
Socialist democratic China historically backs socialist North Korea in latter’s economic and political missions. North Korea has announced successful testing of hydrogen bomb on Wednesday last. Long time friend China this time joins the US fearing regional destabilization through the neighbor’s dreadful nuke tests.
Didi Kuaidi ride sharing service announced that it allows third party apps to access its ride-hailing service. Previously, the Chinese ridehailing company published that it has achieved more than one billion rides.
Google wants to involve many automobile manufacturers and suppliers in developing its ambitious self-driving cars. Contrary to market rumors, Google didn't announce its plans for partnership with Ford. Google believes that its self-driving project would be beneficial to senior citizens. Google involved Roush Enterprises to assemble self-driving cars, which are being road tested.
On Wednesday, China revealed its export in December 2015 showed a 2.3% raise from November. Data from China's General Administration of Customs shows the nation's trade surplus, and the report has lifted the market a bit.
