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Spotify May Shift Its Initial Public Offering to 2018: Sources

6 Feb spotify-hq-600x405

By Mudit Mohilay, The Tech Portal

2017 was being widely touted as the year of tech IPOs. Along with Snap’s impending initial public offering, various other tech companies including Airbnb and Spotify were also said to be considering going public. However, as per the latest news coming in from various sources, Spotify may delay its IPO until next year so as to build a better balance sheet to show to potential investors. (more…)

Facebook Reports Fourth Quarter and Full Year 2016 Results

2 Feb facebook-new-tp-featured-e1446750787478-600x300

Facebook, Inc. today reported financial results for the fourth quarter and full year ended December 31, 2016.

“Our mission to connect the world is more important now than ever,” said Mark Zuckerberg, Facebook founder and CEO. “Our business did well in 2016, but we have a lot of work ahead to help bring people together.”

(more…)

Viktor Prokopenya’s VP Capital And The Gutseriev Family’s Larnabel Enterprises Announce Investment In Astro Digital

2 Feb money 2

Larnabel Enterprises, a company founded by the Gutseriev family to invest in the information technology sector, and VP Capital, a technology-focused investment vehicle founded by Viktor Prokopenya, has announced that they have made an investment in Astro Digital, a satellite imaging and imagery analysis company. (more…)

Online Travel Portal Yatra Set to Raise $60 Million through Share Sale

1 Feb IMG_20170120_181649-990x573 (1)

After unveiling a completely new branding, popular online travel portal Yatra is now focusing its attention on expanding its services. It is looking to rival MakeMyTrip and has reportedly filed for a potential offer for sale of few of its shares with the U.S Securities and Exchange Commission. Through the sale of shares, the company is expected to raise around $60 million for some of its stakeholders. (more…)

Temasek to Invest $800 Million in Google Parent Alphabet’s Verily Life Sciences

28 Jan 12-990x486

By Aditya Srivastava, The Tech Portal

Verily, Alphabet’s independent subsidiary dedicated to the study of life sciences, has received a massive $800 million investment from Temasek. A major part of this funding will be received in the coming few days while the remaining will come in the second half  of this year. (more…)

Tsinghua Unigroup Inks Deal with Nanjing Government for Building 3D NAND Flash Factory

24 Jan unigroup0118

Chinese Tsinghua Unigroup signed a contract with the Nanjing government on January 18 to build a semiconductor factory in Nanjing. The new plant came after Tsinghua Unigroup Chairman Zhao Weiguo announced the company would spend US$46 billion building a wafer fab in Chengdu and Nanjing in 2017. (more…)

Tata Group Plans to Set up Data Center in South Korea, Prepare for Connected Car Business Push

12 Jan tata-1-990x876

By Anmol Sachdeva, The Tech Portal

Tata Group is mulling over the decision to set up a regional office in South Korea, reports Chinese publication Chosun. This office space will be occupied by the company’s telecom affiliate in the country. They’ll work on the construction of a data center and further extend its reach into the connected car ecosystem. (more…)

China’s Goodix Planning Overseas Mergers and Acquisitions

11 Jan img_0028-624x416

Goodix, a major provider of fingerprint sensors and touch controllers in China, is reportedly planning a series of mergers and acquisitions overseas, Chinese tech media reported. (more…)

Panasonic to Invest $256Mn in Tesla’s Solar Panel Facilities in Buffalo, Production to Begin in 2017

30 Dec tesla-gigafactory-1024x768

By Anmol Sachdeva, The Tech Portal

Falling in line with its commitment to ramp up production post the SolarCity acquisition, Tesla has today announced via an official blog post that it has completed work on an agreement to begin manufacturing solar cells and modules in collaboration with long-time partner Panasonic. The production will take place at SolarCity’s Buffalo, New York facilities. (more…)

Sharp Resumes Semiconductor Business for Vertical Integration of Camera Modules

30 Dec shutterstock_494455312-624x416

Tai Jeng-wu, president of Sharp, pointed out that Sharp will deploy actively in semiconductor business, via investment or takeover, in order to materialize vertical integration of its camera module operation, reports Nikkei Shimbun. (more…)