Posts Tagged ‘investment’
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.
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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Its rare that I quote a companys marketing tagline outright, but PassivDom, makers of an autonomous 3D-printed mobile house, sounds pretty darn rad. The Ukrainian company wants to create mobile homes that can be made anywhere and are completely self-powered.
Goldbely, the specialty food delivery service, has closed $10 million in Series A funding. The round was led by Global Founders Capital and Intel Capital (which also led the companys seed round).
NBCUniversal is now the only U.S. media company that has an official stake in Snap. Today, NBC Universal (which is a unit of Comcast) revealed that it invested $500 million in Snap as a strategic investment partnership during yesterdays IPO.
Life sciences startups need a whole lot more cash than most and thats certainly true for GRAIL, a cancer detection startup trying to figure out a way to find the emperor of all maladies much earlier through blood testing technology. The startup, which spun out of genomics company Illumina announced it has closed a whopping $900 million in Series B funding this morning.
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).
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.
Entrepreneurs who pitch on ABCsShark Tanktypicallymakepackaged goods and apparel. Occasionally, the high tech breaks through.