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Foxconn Industrial Internet net profits ...
SHANGHAI, March 30 (Xinhua) -- Tech giant Foxconn Industrial Internet (Fii) Friday evening announced that the company has registered a net profit of more than 16.9 billion yuan (2.52 billion U.S. dol
Zoom, a profitable unicorn, files to go ...
Zoom, the video conferencing startup valued at $1 billion in early 2017, has filed to go public on the Nasdaq as soon as next month.The company joins a growing list of tech unicorns making the leap to
U.S. to impose sanctions on Venezuelan s...
The National Security Adviser John Bolton announced that the U.S. to impose sanctions on Venezuelan state oil company PDVSA. Meanwhile,Steve Mnuchin said that the Department of Treasury will issue te
What to expect from Apple’s ‘...
The biggest surprise about next week’s Apple event may be the fact that the company has anything left to announce. This week, several core pieces of Apple hardware received upgrades, including the iP
Bertelsmann records strong growth throug...
BERLIN, March 26 (Xinhua) -- Corporate revenue of German media company Bertelsmann rose by 2.8 percent to 17.7 billion euros (20 billion U.S. dollars) last year, its highest level since 2007, the com
Chinese pickle giant sees profits soar
CHONGQING, Feb. 27 (Xinhua) -- Chongqing Fuling Zhacai Group, a preserved Sichuan pickle company in southwest China's Chongqing Municipality, Wednesday reported a net profit attributable to its share
E-commerce giant Suning.com net profits ...
SHENZHEN, Feb. 28 (Xinhua) -- Chinese e-commerce giant Suning.com Thursday announced that the company registered a net profit increase of 216.2 percent in 2018 thanks to soaring online consumption. T
Drone analytics startup Aria Insights su...
Earlier this year, Helen Greiner-founded drone startup Cyphy Works announced a major change. The company was rebooting and renaming itself Aria Insights, a move that arrived with a new-founded, AI/dat
China backs company, individual not be "...
China supports relevant company and individual in seeking legal redress to protect their interests and refusing to be "silent lambs", says Chinese FM Wang Yi when answering a question regarding the c
Klaviyo raises $150M Series B after buil...
Klaviyo, a Boston-based email marketing firm founded in 2012, went about building its email marketing business the old fashioned way. First it built a profitable company, then it went looking for fund
Morocco telecom company to acquire subsi...
RABAT, March 14 (Xinhua) -- Maroc Telecom, Morocco's leading telecom company, announced Thursday that it reached a deal with Luxembourgian company of Millicom to acquire its subsidiary in Chad.The co
U.S. entertainment company hopes to bols...
LOS ANGELES, March 27 (Xinhua) -- U.S. entertainment company Cinedigm Tuesday expressed its willingness to engage in the China-proposed Belt and Road Initiative (BRI). "BRI is all about the exchange
Mailgun changes hands again as Thoma Bra...
Mailgun, an email API delivery service, announced today that it was selling a majority stake in the company to private equity firm Thoma Bravo. The companies did not share terms, but this is the secon
Croatia's Agrokor bailout completed with...
ZAGREB, Feb. 28 (Xinhua) -- Fortenova Group is the new name of Croatia's troubled retail giant Agrokor, the company's interim creditors' council announced on Thursday. The management of the company t
Sinemia says canceled accounts are defen...
Every time we publish a story about about MoviePass competitor Sinemia, a funny thing happens: our Twitter mentions explode. Seriously, follow the reactions to this post and see for yourself. A number
OpenAI shifts from nonprofit to ‘c...
OpenAI may not be quite so open going forward. The former nonprofit announced today that it is restructuring as a “capped-profit” company that cuts returns from investments past a certain
Kobalt, the music services company, is r...
Kobalt, a 19-year-old, London-based music services company that operates as both a music publisher and a service-based music company — among other things, it helps artists collect the royalties
Movius raises $45M for its business comm...
Atlanta-based Movius, a company that allows companies to assign a separate business number for voice calls and texting to any phone, today announced that it has raised a $45 million Series D round led
Fiat Chrysler to pay $110 mln to settle ...
Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay 110 million U.S. dollars to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to com
ManoMano raises $125 million for its hom...
French startup ManoMano is raising a new funding round of $125 million (€110 million). The company operates an e-commerce website and marketplace focused on home improvement and gardening.ManoMano is
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