Mercedes-Benz to unveil its first Tesla-challenger electric SUV September 3, 2018 Mercedes-Benz is set to lift the hood on its first electric vehicle tomorrow, debuting its EQC electric SUV to challenge Tesla's hold on the luxury battery-powered market. Early publicity efforts from Mercedes have largely echoed a Tesla-style approach in order to appeal to its young and trendy demographic, releasing a series of teasers for the new [...]
JD.com boss returns to China after being put under US arrest for sexual misconduct September 3, 2018 The top boss of Chinese retail giant JD.com has been allowed to travel back to China after his arrest in the US on suspicion of criminal sexual misconduct. Richard Liu was arrested in Minneapolis on Friday evening and released "pending complaint" the following afternoon, according to police records. JD.com said in a statement today that Liu [...]
Take a look at this Monopoly board that’s been re-designed for 2018 London house prices September 3, 2018 A London tech startup has re-designed the classic Monopoly board to reflect property price growth in the capital over the last five years, with some staggering switch-ups for key hotspots. The board was first designed in the 1930s, so it's a given that the London property landscape might have changed a bit since then. Proportunity, [...]
The media’s greatest enemy isn’t Trump, it’s the tech titans September 3, 2018 What is the biggest threat to the future of the media: President Donald Trump, or Silicon Valley? In the presidential corner, Trump’s regular attacks on the “fake news media” have provoked a robust response. This summer, newspapers coordinated a string of editorials defending the essential role of the press as a lens on power and [...]
Funding Circle confirms IPO that could value it at £2bn September 3, 2018 Small business loans platform Funding Circle this morning confirmed its intention to IPO in a move that could value it at £2bn. The firm plans to float 25 per cent of its shares to generate £300m on the London Stock Exchange, with its debut being underpinned by Danish billionaire Anders Povlsen, who has committed to [...]
German fashionistas lap up British style as Ebay sales spike September 3, 2018 German interest in British fashion has seen the country rise to second in the list of top export destinations for British sellers on e-commerce site Ebay. The US remains the number one market for British exporters on Ebay, but Germany is now in second place, according to data released today by the website. German consumers [...]
Green Man Gaming lines up £100m London float September 2, 2018 Tech player Green Man Gaming is set to announce its intention to float this week in a listing that could be valued at £100m. The float is expected to reap rich rewards for Green Man’s backers which include lastminute.com co-founder Brent Hoberman, Zoopla boss Alex Chesterman and Moshi Monsters co-creator Michael Acton Smith. Read more: [...]
Amazon poised for trillion-dollar valuation despite stock shorts September 2, 2018 Amazon is set to become the second US publicly-listed company to reach a $1 trillion (£771.2bn) market capitalisation this week, despite it overtaking Tesla as the most shorted stock on Wall Street. The e-commerce giant broke past the $2,000 per share milestone on Thursday evening, holding investors in suspense. Fellow tech giant Apple became the first [...]
HSBC goes on hiring spree for new digital business banking initiative September 2, 2018 HSBC has hired more than 100 new staff to work inside its Aldwych offices on Project Iceberg, an internal digital initiative to revamp its small business banking effort and to counteract competition coming in from Shoreditch’s fintech stars. A source familiar with the matter told City A.M. the bank has chosen to innovate on its [...]
Ofo in £7.9m spot of hot water over unpaid bike bills September 2, 2018 Floating bike-sharing startup Ofo is being sued for defaulting on around 70m yuan (£7.9m) in payments to its supplier Shanghai Phoenix Bicycles, the company’s Shanghai-listed parent said in a filing late on Friday. Shanghai Phoenix petitioned a court in Beijing last week to demand Ofo repay 68.15m yuan as well as 1.87m yuan in losses incurred [...]