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Xiaomi, the fast-rising Chinese smartphone maker, is in talks to raise close to $1.5 billion in new capital at a valuation set to exceed $40 billion, in the largest private financing for a venture-backed company since Facebook in 2011. Negotiations with investors including DST– the Russian internet company that also backed Alibaba, Facebook and Airbnb – are yet to be finalized, according to people familiar with the discussions. But if ...
Currencies across Asia are set for a beating, buffeted by a combination of the G3 central banks, a stronger U.S. dollar and newly volatile Chinese yuan, HSBC said. "It will be slim pickings in terms of which Asian currencies to like next year. Even the yuan will be predisposed to bouts of higher volatility, which could further upset the region's currencies," HSBC said in a note Thursday. "While we had expected most Asian ...
Yahoo is on a spree of massive restructuring as it rethinks its business model outside North America, where its core market is. It looks like the company is laying off people in multiple countries, both in Europe and in Asia. According to TechCrunch, the company is laying off sales people in Vietnam, Indonesia and Malaysia, a move that’s affecting around 25, 50 and 15 people, respectively. Yvonne Chang, VP of the Asia-Pacific area, based ...
She's been dead for decades now, but Amelia Earhart in still on our mind. In fact, it was just a few days ago that her name once again made headlines. This time, it was because folks with The International Group for Historic Aircraft Recovery (TIGHAR, for short) announced to the world that they had come one step closer to finding and recovering the wreckage of her plane. It all sounds very exciting and fascinating, but one ...
The Ubuntu Manual Team has announced that a brand new edition of their manual is out, covering the Ubuntu 14.04 LTS (Trusty Tahr) release that was made six months ago. Not everyone speaks fluent Ubuntu and a manual is always a good way to learn something new. The Linux platform is becoming increasingly more popular and lots of new users are migrating to open source. Ubuntu is one of the most used Linux distributions out there and the fact ...
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