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Posts Tagged ‘companies’

Yahoo spinout Altaba is selling its entire Alibaba stake and closing down

Bye bye, Altaba . The Yahoo spinout created to house Yahoo’s lucrative stake in Alibaba and Yahoo Japan, announced today that it will sell its lucrative stake in Alibaba and shut up shop. The entity has long existed as a proxy to Alibaba — some might argue Yahoo was the same in its final years ...

Google reshuffles its leadership in Asia Pacific

There’s a changing of the guard within Google’s Asia Pacific business. In recent weeks, personnel changes within two of its most important roles show the search giant is entering a new era of management for its fast-growing business across the continent. Scott Beaumont, a British executive who previously ran Google in China and Korea, stepped ...

Kazuo Hirai, the former CEO who led Sony’s turnaround, is retiring

Here’s a well-earned retirement. Kazuo Hirai, the former CEO who spearheaded Sony’s turnaround in recent years, is leaving the company following 35 years of service, according to an announcement made today. Hirai became Sony CEO in 2012, replacing Sir Howard Stringer with a mission of bringing the good times back to the then-bloated electronics giant through ...

Dakar Network Angels begins startup investments in francophone Africa

The Dakar Network Angels network launched this month, making its first investment in francophone Africa to cleantech venture Coliba. The Ivorian startup—that uses a mobile app to coordinate waste recycling—will receive mentorship and a minimum of $25K in seed funds. The deal is part of Dakar Network Angels’ mission of convening experts and capital to ...

Aurora’s Sterling Anderson, Uber ATG’s Raquel Urtasun to discuss self-driving cars and AI at TC Sessions

We’re just weeks away from our TC Sessions: Robotics + AI event at UC Berkeley on April 18. Some of the best and brightest minds are joining us for the day-long event, including Marc Raibert, Colin Angle, Melonee Wise and Anthony Levandowski . Last week, we added to the list of marquee guests and announced a panel with roboticist Ken Goldberg, ...

Razer hooks up with Tencent to focus on mobile gaming

Razer is summoning a big gun as it bids to develop its mobile gaming strategy. The Hong Kong-listed company — which sells laptops, smartphones and gaming peripherals — said today it is working with Tencent on a raft of initiatives related to smartphone-based games. The collaboration will cover hardware, software and services. Some of the ...

Starbucks will anchor the new $400 million food-focused Valor Siren Ventures fund

Starbucks is serving up a steaming hot $100 million cash commitment to anchor a new food-focused fund in partnership with the consumer and tech-focused focused private equity firm Valor Equity Partners. The behemoth of burnt-coffee said that its commitment to the Valor Siren Ventures fund is an attempt to focus on “new ideas and technologies ...

Seven Africa-focused startups present at Y Combinator’s Demo Day

The seven African-focused companies which presented as part of Y Combinator’s 200 strong cohort of Winter 2019 class of 200 startups may seem like a small percentage for such a large class, but it represents the growing significance of African ventures in YC’s universe. Since 2016, the Silicon Valley accelerator—that provides seed funds and mentorship ...

In big tech’s future expansion plans, public good should be the corporate incentive

Yung Wu Contributor Yung Wu is the CEO of MaRS Discovery District, a Toronto-based innovation hub. More posts by this contributor To actually change the world, Big Tech needs to grow up The cancellation of Amazon’s planned expansion in New York exposes the truth about its HQ2 promises. In the end, the company seemed mainly ...