Accel Partners has sold a fractional stake in Flipkart to Qatar Investment Authority for $100 million (about Rs 650 crore), in a deal that values India’s biggest online marketplace at $15 billion, according to two people aware of the transaction. Accel, the first venture investor in Flipkart, remains the second-largest shareholder in the e-commerce company […]
Tata Trusts, and Khan Academy, a Silicon Valley-based not-for-profit education initiative founded by educationist Salman Khan, announced that they were entering into a five-year partnership to leverage the power of technology to provide free, world-class education for anyone, anywhere in the country. The partnership will focus on developing tech-enabled, high quality and localised education resources […]
Alibaba performed insanely well during its Singles Day shopping festival on November 11th bringing in RMB 92.1 billion (USD 14 billion) in sales revenue. Despite this, Alibaba’s stock price dropped from 81.43 on November 10th to 75.85 on November 15th. Why didn’t remarkable sales performance equate with a boost in stock price? AllChinaTech offers […]
About – James Altucher is an American hedge fund manager, entrepreneur, bestselling author, podcaster, Blogger, author, social media and investor. He has founded or cofounded over 20 companies, including Reset Inc. and StockPickr and claims to have failed at 17 of them. He has published 11 books, and is a frequent contributor to publications including The Financial Times,TheStreet.com, […]