Silicon Valley’s medical technology start-ups might have their pick of local investors, but many are now looking further afield to China. One of the most prolific recent funders on the block is Tencent, the Shenzhen-based Internet giant that is best known for its social messaging apps. In recent years, Tencent has funded a slew of […]
Read moreLG Electronics launched a phone with a huge 6-inch screen as the South Korean firm tries to take users away from Samsung’s Note series of devices. The LG V30 is the company’s “phablet” device as it looks to take advantage of the trend towards bigger screens. Key specs include: A dual rear camera with 16 […]
Read moreAn Amazon Alexa-powered humanoid robot could be wheeling its way to a home near you. Chinese technology firm Qihan launched the Sanbot Nano on Thursday equipped with Amazon’s voice assistant that is featured in its Echo speaker. The 2.7 foot robot will go on sale in October for $2,800, and will be available in English […]
Read moreI dig it, though only played with it briefly during a meeting. I’m hoping to have a review unit soon, but setup should be just as easy as a standard Nest (it’s a cinch, in my experience installing one for a family member). Plus, if you live in certain cities with rebates for smart thermostats […]
Read moreThe takeovers are coming, the takeovers are coming! At least that’s what CNBC’s Jim Cramer thinks based on the stock market’s response to some recent, large-scale combinations. “It’s pretty simple: the upward movement in the stocks of the acquirers is going to drive the takeover bus,” the “Mad Money” host said. Until recently, Cramer felt […]
Read moreCNBC’s Jim Cramer found Wednesday’s market sentiment to be somewhat nearsighted about the potential catalysts that could drive stocks higher. “We’ve got to take a step back and look at the bigger picture here, because that’s what helped power today’s rally,” the “Mad Money” host said. For Cramer, the main market-moving theme was Hurricane Harvey […]
Read moreExpedia’s chief financial officer will be promoted to CEO, the company said on Wednesday. Mark Okerstrom will take over for Dara Khosrowshahi as president and CEO of the travel tech conglomerate. Khosrowshahi was recently named CEO of Uber. His job begins on Tuesday but Khosrowshahi will remain on Expedia’s board. (Expedia owns CarRentals.com.) “Prior to […]
Read moreOn Wednesday morning, Uber investor Shervin Pishevar published a letter ahead of a hearing in the lawsuit fellow Uber investors Benchmark filed against former CEO Travis Kalanick. Pishevar is on Kalanick’s side. That hearing is already done, and the judge sent the case to arbitration, as Kalanick had pressed for. But the letter itself is […]
Read moreThe European market has been a major part of Amazon’s international business, with Germany and the UK accounting for more than 17% of its total sales last year. Part of its success has to do with Amazon’s rapid distribution expansion in Europe, as this map from Citi Research shows. Since 2010, Amazon has significantly expanded […]
Read moreA judge has granted former Uber CEO Travis Kalanick a legal win on Wednesday by sending an explosive lawsuit brought by his investors to arbitration rather than ordering it to play out in his courtroom. The decision is the latest dramatic turn in an rift between Uber and once of his closest allies, Benchmark Capital, […]
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