Tencent overtakes Alibaba as most valuable Chinese tech company August 18, 2016 China's Tencent, one of the biggest tech firms in the region and the owner of messaging app WeChat certainly has something to er, type home about. A stellar set of earnings has sent shares surging as much as 6.2 per cent to an all-time high and topping Alibaba as the most valuable tech company in China in terms [...]
Apple’s iPhone sales fall as Chinese brands gain ground August 18, 2016 Apple continues to lose ground to Chinese rivals in the global smartphone market, ahead of the highly-anticipated launch of its new flagship iPhone 7. People are buying fewer iPhones and increasingly turning to challenger smartphone brands from Asia, the latest figures from Gartner show, as Apple confirmed it plans to plough more cash into China. iPhone sales declined [...]
Bringing home the bacon: Three ways you can use alternative finance to invest in property August 18, 2016 Property crowdfunding and marketplace lending aren’t for everyone. The former can involve high fees, and you won’t know what your investment is worth without selling it – which can be hard if you’re buying a stake alongside numerous other people. There are risks even with the latter. The property market is very sensitive to the [...]
Cisco becomes latest tech giant to slash jobs August 17, 2016 Networking giant Cisco confirmed plans to axe around seven per cent of its global workforce. The layoffs — which amount to 5,500 jobs — mean it will join other tech giants such as Microsoft, Intel and HP who have all made sizeable layoffs in recent years. Read more: The US stocks bucking the global selloff trend (for now) It came [...]
Bose QC35 review: The noise-cancellation tech of Bose’s wired headphones, transplanted to a new wireless model August 17, 2016 The Bose QC25s, otherwise known as “those headphones that absolutely everybody on the Tube seems to be wearing now”, are ubiquitous enough to make you feel like you’ve slipped into some kind of parallel Bose-dimension, a universe in which no other brand of headphone exists. And for good reason. Bose has mastered active-noise cancellation in [...]
Fancy driving a Tesla? You can rent one from Heathrow Airport August 17, 2016 Horses were a cool way of getting around. You couldn’t ride one into a tree or over the edge of a cliff, even if you tried. You could fall asleep on them and safely wake up in the stable next to your house. They eat nothing but hay and poop out pure, nutrient-rich horse puddings. [...]
Watch out unicorns: A third of $1bn startups will fall in value August 17, 2016 Startups worth billions with a so-called unicorn status face falling from their mythical standing back to harsh reality as new research reveals one in three firms will fall below the milestone valuation. Around 20 to 30 of the current billion-dollar valued startups in the US will be worth less than that upon going public or being acquired, it has been [...]
Show me the money: How to complete a fundraising round in a post-Brexit vote world August 17, 2016 In this post Brexit vote world, we’ve heard a lot about the forthcoming apocalypse but, thus far, the sky hasn’t fallen on our economic heads. Sure, sterling has taken a pounding against the mighty dollar (less so against the rather feeble euro) but it seems tourism may have surged as a result, Arm is under offer (though [...]
US cloud firm snaps up UK startup for European expansion August 17, 2016 US cloud computing company Datapipe has snapped up a UK startup to kickstart its expansion into Europe. It has acquired Adapt, a five-year-old startup majority owned by private equity investor Lyceum Capital and which manages cloud computing services for companies such as Made.com and the National Trust for an undisclosed sum. The firm has not been put [...]
Here’s how important video games are to the UK’s economy August 17, 2016 Video gamers might look like they're slumping in front of the telly, prodding at buttons in a zombie-like fashion – but it turns out they're just doing their bit for the economy. That's according to figures from UK games industry body Tiga, anyway, which has found the UK's video games sector grew to record levels in [...]