Series A Renrendai, the Chinese peer-to-peer lending portal, gained $130 million in a Series A round, with funding split between Trustbridge Partners and an undisclosed investor. According to a report by Celent,…
Samsung suffers drop as budget smartphones disrupt market
Samsung dropped 4.59% on the first day of trading in 2014, wiping nearly $9 billion off the company’s market value. One of the chief causes for concern for investors was the ever-growing…
Mobile internet builds promise in African e-commerce market
The vast continent of Africa presents a significant opportunity for e-commerce retailers, but a lack of infrastructure has held back online shopping in the region. Now the use of mobile devices to…
Apple’s China Mobile deal could provide temporary relief
Apple has completed its long anticipated iPhone distribution deal with China Mobile. The Cupertino-based tech giant will enjoy a sales windfall from the deal, but will the boost help the company recover…
Qualcomm makes Mollenkopf CEO, halts Microsoft rumors
Qualcomm COO Steve Mollenkopf will be promoted to the position of CEO, as the company fights off interest for his services from Microsoft. Current CEO Dr. Paul Jacobs, the son of Qualcomm…
Is Amazon’s drone plan all for show?
Amazon has announced plans to take to the skies with a fleet of delivery drones, which would send customers’ orders directly to them within 30 minutes of an order being placed. The…
2013 Red Herring Global Top 100: Winners
After three days of collaboration, discussion, recognition and celebration, the curtain came down on the Red Herring Global Conference of 2013 in Santa Monica, California, leaving attendees to reflect on the dynamic…
Honda’s Open Innovation Arm Reaches Silicon Valley
Some view corporate venture with suspicion, as signing up for funding from industry behemoths doesn’t come without strings. However, CVC fits many firms better than institutional investment, as corporates fortify startups with…
Twitter Goes NYSE for IPO
A rear view mirror lets Twitter map a different path to IPO than Facebook, one planned perhaps in the hopes of evading pitfalls that plagued the latter’s 2012 public offering. On Tuesday,…
Searching for a Cold War
The Russian government could drag the world back in time to the Cold War era with plans to develop and deploy a state-owned search engine named Sputnik. According to Russian business daily…