Chinese Ride Hailing Service Didi Chuxing Receives $600 Million In Funding
The new funding values the company at $25 billion. China’s largest car-hailing mobile app, Didi Chuxing Technology Co., announced a $600 million investment from China Life Insurance Co., the country’s leading insurer on Monday, bolstering its resources to finance its battle against American-owned Uber Technologies Inc. According to Didi, the deal More...
Google In Row Against Adwords Advertisers
Google argued that the case should not be pursued as a class action lawsuit. The U.S. Supreme Court has rejected Google Inc’s (NASDAQ:GOOGL) appeal on Monday to discontinue a class action suit against the company More...
Uber Receives $3.5 Billion From Saudi Sovereign Public Investment Fund
The investment will allow the company to expand in the Middle East, North Africa and China. Uber, on Wednesday, said it had raised $3.5bn in funding from Saudi Arabia’s Sovereign Public Investment Fund. The More...
Microsoft and Facebook To Lay Trans-Atlantic Sub-Sea Data Cable
The Subsea Cable will link the US to Spain with 160 Tbps capability. Microsoft (NASDAQ:MSFT) and Facebook (NASDAQ:FB), in partnership with Spain’s Telefónica telecommunications infrastructure subsidiary Telxius, More...
Tesla Motors (NASDAQ:TSLA) To Unveil Model 3 On Thursday
Render of the speculated Model 3 design. On Thursday night, Elon Musk and his team at Tesla (NASDAQ:TSLA) are expected to reveal their latest electric car, the Model 3 at their Hollywood-style presentation on the More...
Google Plans To Launch Drone Deliveries By 2017
Pictures of Google’s delivery drone from test flights in Australia. Alphabet’s secretive tech lab Google X has announced it hopes to launch a delivery drone service within the next two years. At a Washington More...