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Mark Gurman / Bloomberg:
Sources: Apple ramps up work on AR headset, which has its own display and runs on a new chip and OS, aims to have tech ready by 2019 and ship as early as 2020   —  Company hopes to have technology ready for 2019; ship later  —  Breakthrough device will have new chip and operating system
Nov 8, 2017, 7:30 AMIn context
Bloomberg:
China revises law to penalize online retailers that use bots to inflate sales and create positive reviews   —  Changes threaten hefty fines for fake reviews or sales  —  Original law enacted before Alibaba, Tencent, JD existed  —  China enacted sweeping changes to a business competition law …
Nov 7, 2017, 3:20 PMIn context
Yoolim Lee / Bloomberg:
Smartkarma, a marketplace for investment research focused on Asian firms, raises $13.5M Series B led by Sequoia India, ahead of European Union's new MiFID rules   —  Round led by Sequoia India and includes Jungle Ventures  —  Singapore-based startup aims to capitalize on MiFID II rules
Nov 7, 2017, 2:25 AMIn context
Lulu Yilun Chen / Bloomberg:
Sources: Chinese internet company Tencent is developing its own autonomous driving technology, including creating and testing a prototype internally   —  Tencent is said to have created an autonomous driving system  —  Tencent is competing with Google, Baidu, Tesla in the space
Nov 6, 2017, 10:50 PMIn context
Bloomberg:
Broadcom offers $105B in cash and stock to buy Qualcomm for $70/share, a 28% premium to Qualcomm's closing price on Thursday   —  Broadcom is proposing to buy Qualcomm for $70 per share in a cash and stock deal valued at $130 billion, Bloomberg News reports.
Nov 6, 2017, 7:12 AMIn context
Bloomberg:
A list of all the questions Facebook, Google, and Twitter told Congress they would answer later   —  Unanswered questions mean tech companies need to follow up  —  Lawmakers sought detailed information in Russia meddling probe  —  Facebook Inc., Alphabet Inc.'s Google and Twitter Inc. faced hours …
Nov 5, 2017, 10:15 AMIn context
Bloomberg:
Sources: Broadcom is considering a bid to acquire Qualcomm for about $70 per share, or $100B+; bid is likely to be made in the coming days   —  Broadcom is exploring a deal to acquire Qualcomm, according to people familiar with the matter, in what could be the biggest ever takeover of a chipmaker …
Nov 3, 2017, 2:09 PMIn context
Lulu Yilun Chen / Bloomberg:
Alibaba beats with Q2 revenue of $8.3B, up 61% YoY, and raises annual revenue growth forecast from 45%-49% to 49%-53%   —  Quarterly earnings-per-share also beat analysts' projections  —  Alibaba's dominance in Chinese retail is drawing advertisers  —  Alibaba Group Holding Ltd. raised …
Nov 2, 2017, 10:55 AMIn context
Jeremy Kahn / Bloomberg:
London-based TransferWise raises $280M Series E; sources say valuation is $1.6B and that the co-founders and others sold some shares to the new investors   —  Old Mutual, IVP lead investment round in London fintech  —  Company now valued at $1.6 billion, source familiar saidEMBARG
Nov 2, 2017, 8:25 AMIn context
Bloomberg:
Lenovo buys 51% of Fujitsu's PC business for $157M+, as its Q2 earnings beat estimates with revenue up 5% to $11.8B YoY, profit down 11% YoY to $139M   —  Lenovo Group Ltd. posted better-than-expected revenue as the PC maker benefited from a stabilizing global personal computer market.
Nov 2, 2017, 2:30 AMIn context

Sponsor Posts

Microsoft:
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