(Reuters) – Shares of Shopify Inc , a Canadian e-commerce software maker, rose as much as 69 percent in their market debut on the New York Stock Exchange, valuing the company at $2.14 billion. Shopify, which also started trading on the Toronto Stock Exchange on Thursday, is the first Canadian company to be listed on a U.S. exchange this year. More Canadian technology companies are planning initial public offerings as
By Nivedita Bhattacharjee MUMBAI (Reuters) – Indian e-commerce firms are offering funding help and tech support to woo small retailers, emulating a strategy used by Chinese online retail giant Alibaba Group Holding Ltd to expand into the towns and villages home to the majority of consumers. India’s biggest e-tailers such as Flipkart, Snapdeal and the local arm of Amazon.com Inc are online marketplaces, with commission from sellers accounting for the
German e-commerce investor Rocket Internet aims to list the shares in two of its holdings, Global Fashion Group and Global Online Takeaway Group, eight months after its own initial public share offer, monthly Manager Magazin said. Rocket Internet declined to comment on the report. While Berlin-based Rocket sees itself as building an e-commerce operating empire, some investors see it as a launchpad for future stock market listings of everything from
By Edward Taylor and Arno Schuetze FRANKFURT (Reuters) – Germany’s premium automakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to raise their chances of clinching Nokia’s map unit HERE, two people familiar with the matter said. After announcing a 15.6 billion euro takeover of network equipment maker Alcatel Lucent, Finland’s Nokia last month started a strategic review of its maps business, setting in motion
By Eric Auchard FRANKFURT (Reuters) – Traffic jams in the future could cause potentially dangerous data snarl-ups as cars packed with entertainment, safety and navigation features vie for airwaves with smartphones, tablets and networked features in other vehicles, according to a study. Connected cars with onboard Wi-Fi connections could cause spikes in cellular data demand when traffic grinds to a halt as drivers seek alternative routes and bored passengers search
Huawei wants a piece of the Internet of Things (IoT) market and is pinning its hopes on a tiny operating system designed to go inside any device. First reported by the Financial Times, the LiteOS is the “lightest” piece of software in its class. At just 10KB, developers can install the new open platform onto just about anything creating all sorts of smart devices whether they be a car, wearable,
You’re about to get a whole lot more stuff to listen to, and watch, on Spotify. Company CEO Daniel Ek today announced during a New York press conference that an all-new version of the popular streaming app will launch with the oft-rumored support for playlists and video content inside a shiny new interface. The new app will allow users to swipe through songs in a playlist (rather than tap) as
By Jussi Rosendahl HELSINKI (Reuters) – Mobile games maker Supercell will focus on just a few titles and quickly kill off ones that do not immediately catch on as it seeks to remain the world’s top-grossing company in the sector, its chief executive said. Clash of Clans, the world’s No.1 grossing mobile game last year, is a war strategy game in which players build fortresses, form clans with other players
Almost 100,000 HTTPS websites are under threat from a new vulnerability born out of attempts by the US in the early 1990s to break the encryption used by foreign entities. First reported by Ars Technica, the ‘Logjam’ vulnerability affects 8.4% of the world’s top one million websites in addition to a slightly higher percentage of the mail servers in the IPv4 address space, according to researchers. “Logjam shows us once
Last we heard of the Samsung Galaxy A8, it was set to be Samsung’s thinnest handset yet (at just 5.9mm), offering a stylish metal-edged smartphone with respectable mid-range specs. However, speculation suggested it would only ever appear in China. Inside sources talking to SamMobile have revealed that the Galaxy A8 may get a much wider release, with Asian and European markets on the cards too. The site also says a
