Doing business together under a networked ecosystem is key: SAP global CEO, Christian Klein. SAP’s new vision is to build the world’s largest business community, enabling customers to easily connect with companies across supply chains to create networked economies around industries, said its global CEO, Christian Klein. “During this unprecedented year, the importance of the … Read more
Major chip manufacturer Qualcomm introduced an updated laptop processor, the Snapdragon 7c Gen2. Designed to power entry-level laptops, it will yield better performance and battery life. Although it’s not challenging Apple yet, Qualcomm is helping improve both PC hardware and software. See more stories on Insider’s business page. On Monday, major chip manufacturer Qualcomm introduced … Read more
Google faces a £3 billion ($4.16 billion) lawsuit over claims it illegally tracked iPhone users. The search giant will appear at the UK Supreme Court having previously paid $22 million to the FTC. A Google spokesperson said the allegations were a decade old and ‘addressed at the time’. See more stories on Insider’s business page. … Read more
In the first quarter this year, U.S. startups raised $69 billion from investors—41% more than the previous record, set in the fourth quarter of 2018, according to data firm PitchBook Data Inc. The average valuation for startups at all stages also reached a new high, and more than tripled from last year to $1.6 billion … Read more
While Alibaba is the dominant force in e-commerce with a global reputation, Wang, a generation younger, has built Meituan into a fearsome rival, the world’s largest delivery empire with ambitions to encroach on Alibaba’s home turf. There’s also years of bad blood between the two companies after an early alliance broke down. Now Wang, 42, … Read more
Business payments and financial services startup Razorpay has raised $160 million as part of its Series E round co-led by existing investors, Singapore’s sovereign wealth fund GIC and Sequoia India, at a valuation of $3 billion. Last October, the firm had secured $100 million in a round led by GIC and Sequoia India at a … Read more
The company has the money to spend, ending its 2020 fiscal year with $136 billion cash on hand after the pandemic forced a shift to remote work and led to a boom in Microsoft’s cloud and productivity software. Experts say that with its surging market cap of near $2 trillion – and its leading rivals … Read more
Bitnine Global Inc., a Graph database R&D company, launched a cloud-based graph visualization solution, AG Cloud Express. Bitnine explained the background of the release of AG Cloud Express, saying “It is a response to the growth of global demand and market needs for cloud service.” AG Cloud Express is a free online database service based … Read more
1. At one year old, Clubhouse has a user base bigger than the population of Pennsylvania. Clubhouse has crossed 15 million app installs, according to the app analytics company SensorTower. Its founders also said Tuesday that the app had 15 million users. If it was a state, Clubhouse would be the fifth largest state by … Read more