Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday. The investment will help Wal-Mart target China’s fast-growing online market at a time when largely brick and mortar retailers are feeling the pinch of competition from online rivals and a slowing of the world’s
Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday. The investment will help Wal-Mart target China’s fast-growing online market at a time when largely brick and mortar retailers are feeling the pinch of competition from online rivals and a slowing of the world’s
By Dominique Vidalon PARIS (Reuters) – French media and entertainment technology group Technicolor will buy Cisco System’s home video equipment business for 550 million euros ($602 million), it said on Thursday, sending its shares to a five-year high. The cash-and-stock deal is part of Technicolor’s efforts to expand in the thriving home video market and boost profitability. It will create the world No. 2 in customer premises equipment (CPE) –
By Dominique Vidalon PARIS (Reuters) – French media and entertainment technology group Technicolor will buy Cisco System’s home video equipment business for 550 million euros ($602 million), it said on Thursday, sending its shares to a five-year high. The cash-and-stock deal is part of Technicolor’s efforts to expand in the thriving home video market and boost profitability. It will create the world No. 2 in customer premises equipment (CPE) –
By Eric Auchard FRANKFURT (Reuters) – British venture capital firm Notion Capital is raising a third fund that will make it Europe’s largest bankroller of cloud-based business software start-ups, the company said on Thursday. The London-based firm said it had initially raised $120 million in a new fund for cloud computing and Software as a Service (SaaS) companies and is targeting upwards of $150 million once fundraising for the round
By Eric Auchard FRANKFURT (Reuters) – British venture capital firm Notion Capital is raising a third fund that will make it Europe’s largest bankroller of cloud-based business software start-ups, the company said on Thursday. The London-based firm said it had initially raised $120 million in a new fund for cloud computing and Software as a Service (SaaS) companies and is targeting upwards of $150 million once fundraising for the round
Daimler Chief Executive Dieter Zetsche said a desire to have better control over data security was one of the reasons Mercedes was bidding for Nokia’s high-definition mapping business. In a call to discuss second-quarter results, Zetsche was asked whether he was concerned about hacker attacks on Mercedes-Benz cars. “You can see from reading the papers that we are trying to acquire a platform together with our German competitors, to gain
Time for a new hue! Ahead of her Hawaiian vacation on July 22, Britney Spears debuted a colorful new hairdo in the form of freshly dyed lavender tips. Most of her staple buttery blond…
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Ludacris is just the latest famous face to join Empire season two. The musician turned actor took to Instagram to announce his involvement with the new Fox series. “This could get…
