Baidu, the Chinese equivalent of Google, announced yesterday (June 30) that it would invest 20 billion yuan ($3.22 billion) over the next three years in online-to-offline services, reports Reuters. The investment will include group-buying service Nuomi in which Baidu owns a 59 percent stake. Get...
As the Greek drama plays on, Bloomberg reports that a crowdfunding campaign is in the midst of trying to raise €1.6 billion via the “Greek Bailout Fund” launched on site Indiegogo. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In a digital-age twist on public enemies, the FBI is offering hefty rewards for information that leads to the arrest of five of the most wanted cybercriminals in the nation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Amid growing competition in China’s huge e-commerce market, and with an eye on online-offline services, Baidu is poised to spend billions on its group buying platform and other initiatives. But is the company, up against Alibaba and on the heels of its $1 billion investment...
Alibaba and KFC China just partnered to allow KFC customers to pay by scanning bar codes using Alipay’s smartphone app, reports the Financial Times. KFC follows in the steps of Walmart and Carrefour which each began accepting Alipay in 2015. With 5,000 restaurants across 900 cities, KFC is the largest food...
Alibaba is said to be in advanced negotiations to invest in the Indian mobile payments processor Paytm, Reuters reported yesterday (June 30). The amount discussed would be around $600 million, according to undisclosed sources. Get the Full Story Complete the form to unlock this article and enjoy...
Though uncertainty reigns when it comes to Greece – whether the nation will stay with or exit the Euro, when banks will open or even if ATMs will function – there are some signs that the electronic payments segment of the financial system is continuing...
Velocity, a lifestyle app enabling restaurant diners to pay and earn rewards right from their mobile devices, secured one of the largest Series A funding rounds for a U.K.-based company yesterday (June 29) when it closed $12 million from an international group of angel investors....
How much is Google messing with search results? A lot, claims Tim Wu, a legal scholar and former FTC adviser. In a 46-page, Yelp-funded study, Wu and coauthor Michael Luca, a Harvard Business School economist, explain how Google knowingly manipulates search results. Get the Full...
