Posts Tagged ‘investment’

Alibaba spending US$1bil to raise stake in South-East Asia’s Lazada

The move doubles Alibaba’s investment in Lazada after last year’s deal to buy a controlling stake in it for about US$1bil (RM4.29bil) and is a part of its efforts to boost its global sales. Reuters SINGAPORE: Chinese e-commerce company Alibaba Group Holding is investing an additional US$1bil (RM4.29bil) in South-East Asian online retailer Lazada Group, boosting its stake by nearly a third to 83% and amplifying its focus on the region.
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PyPy powers up Python 3.5

Pythonistas will be happy to hear that new versions of PyPy, the runtime for the Python language that provides just-in-time compilation and a major speed boost, will now support versions 2.7 and 3.5 of Python, including the new language syntax features found in version 3.5. Even more valuable to many developers: New versions of PyPy will have better support for popular packages that use C extensions, such as Numpy, in the Python 2.7-compatible version of the runtime.
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LeoLabs raises $4M to build out its space debris collision avoidance network

Low-Earth orbit is a prime candidate for explosive commercial growth, but its also aspace where the risk of actual explosions resulting from debris impact is a legitimate concern for businesses focused on the opportunity. Thats the problem LeoLabs aims to address, a startup spun out of SRI International to detect, map and help avoid collisions with debris and objects floating in low-Earth orbit (LEO).
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Facebook digs into mobile infrastructure in Uganda as TIP commits $170M to startups

While Google is using MWC to show off some of its advances in native apps on mobile devices specifically in chat apps the worlds biggest chat app company is doing something completely different. Today, Facebook announced that it is building a 770-kilometer (500-mile) fiber backhaul network in Uganda, in partnership with IndiasAirtel and wholesale provider BCS, carriers that both have networking businesses in the country; and its Telecom Infrastructure Project is leading the charge to invest $170 million into telecoms infrastructure startups.
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