Uber investor Lead Edge Capital closes $520 million fund
Venture firm Lead Edge Capital, which has backed companies such as Uber [UBER.UL] and Spotify, has raised its largest fund …read more Source: Reuters Tech News
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Alibaba first-quarter revenue rises 61 percent, beats estimates
Alibaba Group Holding Ltd , the world’s biggest online retailer, said on Thursday first-quarter revenue rose 61 percent, beating analysts’ …read more Source: Reuters Tech News
Goldman Sachs opens digital consumer bank in Britain
Goldman Sachs has opened its digital consumer savings platform Marcus to its own staff in Britain ahead of a wider …read more Source: Reuters Tech News
Siemens could cut 20,000 jobs as part of ‘Vision 2020’ strategy: Manager Magazin
German engineering giant Siemens sees potential for 20,000 job cuts at its as part of its “Vision 2020” strategy, Manager …read more Source: Reuters Tech News
Russia to spurn certain U.S.-made electronic goods regardless of sanctions: RIA
Russia plans to stop buying electronic devices and components from the United States that can be used for both civilian …read more Source: Reuters Tech News
Panasonic joins effort to license out low-cost OLED panel-making process
Panasonic Corp said on Thursday it has partnered an affiliate of Japan Display Inc to license out a low-cost organic …read more Source: Reuters Tech News
Ericsson, Samsung gain share in network gear as ZTE slumps
Ericsson increased its share of the mobile networks market in the second quarter, while Samsung Electronics jumped into fourth place, …read more Source: Reuters Tech News
China Xiaomi’s revenue surges on India smartphone demand but growth doubts stay
Chinese smartphone maker Xiaomi Inc’s quarterly revenue soared due to strong demand in India and other emerging markets but doubts …read more Source: Reuters Tech News
Volkswagen to invest $4 billion to build digital businesses, software
Volkswagen will invest 3.5 billion euros ($4 billion) by 2025 to build digital businesses and products including a cloud …read more Source: Reuters Tech News
Drones offer high-tech help to Japan’s aging farmers
The next generation farmhand in Japan’s aging rural heartland may be a drone. …read more Source: Reuters Tech News