Cheng Wei, 34, was once assistant to the head of a foot massage firm. Last week, his company Didi Chuxing bagged Uber’s China business in a deal valuing his ride-hailing start-up at $35 billion – a second success in as many years in a gruelling battle with a rival. Investors and Didi staff say Cheng […]
Twitter Inc reported its slowest revenue growth since going public in 2013 and set a disappointing forecast, fanning concerns that faster growing social media services will make it a niche product. The microblogging service operator’s shares fell 11 percent in extended trading to $16.40. While Twitter struggles to find a way to boost user growth […]
Founder of KickassTorrents, the world’s largest piracy website has been arrested by the USA. The 30-year-old Artem Vaulin, from Ukraine, was arrested today in Poland and is charged with criminal copyright infringement and money laundering. In addition, a federal court in Chicago has ordered the seizure of several KAT domain names. With millions of unique […]
SoftBank Group Corp has agreed to buy UK chip designer ARM Holdings PLC in a 24.3 billion pound ($32.2 billion) deal, the two companies said on Monday, in an ambitious bet on mobile internet that will transform the Japanese tech group. ARM, the most valuable tech company listed in London by market value, is a major presence […]
Chinese tech firm Alibaba’s internet-connected car will set the Chinese e-commerce giant up to quickly introduce driverless vehicle technology, Chief Technology Officer Wang Jian told Reuters on Wednesday. Alibaba and the country’s largest automaker SAIC Motor Corp demonstrated their jointly developed car equipped with the YunOS operating system, which can link up with smart phones, […]
4xLabs, a fintech start-up, has expanded its regional operations to India with the official launch of its currency aggregator app, Get4x, in Mumbai. The location-based app, which was first launched in Singapore, allows travelers to search for the best foreign exchange rates being offered by money changers in cities like Bangkok, Hong Kong and Singapore. “We’ve […]
Tony Fadell, a well-known Silicon Valley executive who was once expected to play a central role in Alphabet’s hardware efforts, has stepped down as chief executive of the search giant’s Nest unit, the company said. Fadell will remain an adviser to Alphabet and Google co-founder Larry Page. He will be replaced at Nest, which makes […]
You may be wasting your time fighting those extra kilos with fitness apps as according to a recent study, many of them lack certified content-expertise or evidence of effectiveness. Overweight and obese people are turning to a multitude of smartphone apps to help them lose weight, but this study said that only 17 (0.5 percent) […]
India’s home-grown mobile phone giant Micromax is looking east. Micromax Informatics has successfully seen off Chinese rivals on its home turf, which is now being hailed as the world’s most important smartphone market. But to realize its lofty ambition to be a top five global handset maker by 2020 the Gurgaon-based company will also need […]
India’s train PNR predictor ConfirmTkt.com has launched a new product ‘ConfirmTkt Alternates’ to help the waitlisted train passengers to get confirmed tickets by unlocking all the hidden and other best available travel options. Available on Android as well as Apple iOS, the app takes into consideration the delay in the train arrivals and departures while […]
As Apple CEO Tim Cook spoke of plans to expand manufacturing operations in India, China apprehends that it could lead to possible exodus of Apple production chain and loss of tens of thousands of jobs, Chinese state-run media said. “It seems the time has come for China to consider whether it is ready for the […]
Internet giant Google’s I/O (input/output and ‘Innovation in the Open’) conference is around the corner and developers around the world are awaiting to discover the latest version of the Android operating systems. Google may unveil a modular smartphone this year. According to reports, the tech giant is developing an environmental friendly and cost-effective smartphone with […]