Alibaba posted a surge in Q4 profit as analysts raise their valuation ahead of a potential US IPO by China’s largest e-commerce company.
16 April 2014
14 April 2014
Alibaba agreed to acquire AutoNavi in a deal that values the Chinese company at $1.5bn, bolstering its Internet mapping tools ahead of a possible IPO.
Facebook has applied to Irish authorities for a licence that would allow it to provide remittance and electronic money services to its members across Europe.
The payments industry has been waiting for years for Amazon, with its 215m credit cards on file, to flex its muscles. Apparently, CEO Jeff Bezos has been, too.
07 April 2014
Mobile payments company Square has secured a new credit facility as the burgeoning startup seeks more permanent capital to grow.
03 April 2014
Ride-sharing firm Lyft has raised $250m from Alibaba and other investors to continue to grow domestically and to expand internationally.
Dunnhumby, the customer science company which is a subsidiary of the world’s second-largest retailer Tesco, acquired ad tech firm Sociomantic for over $100m.
17 March 2014
Chinese e-commerce giant Alibaba decided to start the process of listing on a US stock exchange for what could be one of the largest Internet IPOs in history.
EBay’s PayPal is innovating fast, spurred by the prospect of irrelevance and threats from several directions.
13 March 2014
Wix.com, a leading global web development platform, acquired Appixia, a platform for building mobile commerce apps, as part of its mobile expansion strategy.