1:17 am - Friday November 28, 2014

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Amazon Jabong acquisition

Amazon to acquire Jabong for $1.2 million

E-commerce giant Amazon plans to take over Indian online retailer Jabong. American e-commerce stalwart Amazon may be buying Indian online fashion retailer Jabong.com in a deal worth$1.2 billion. It has been reported that the acquisition, backed...
Sony Corp_cost cuts_TV and smartphones

Sony Corp to cut TV and smartphone lineup

Japanese tech company Sony Corp to restructure its TV and smartphone product lineup. Sony Corp plans to cut its TV and smartphone product lineup over the next three years in order to cut costs. As per reports, the company is currently relying...
Tech Mahindra acquires US based lightbridge communications

Indian IT firm Tech Mahindra acquires US-based Lightbridge Communications

Tech Mahindra has bought US-based LightBridge Communications as a revenue enhancing exercise. Indian IT and networking technology provider Tech Mahindra has acquired US-based network services provider Lightbridge Communications Corp (LCC) for $240...
Apple and UnionPay China

Apple partners with UnionPay for App Store customers in China

Apple has added UnionPay as a payment option for App Store in China. Apple announced that it has added UnionPay as a payment option for App Store customers in China on November 18, 2014. China UnionPay is known to be the most popular payment...
Alibaba buys minority stake in V-key

Alibaba Group buys stake in Singapore firm

Online retailer Alibaba Group invests in Singapore’s V-Key for a minority stake. Alibaba Group has invested $12 million in Singapore-beased mobile security software company V-Key through its microfinance unit Ant Financial, on November...
Warner music group_Tencent China

Warner Music signs deal with China’s Tencent

The Warner Music Group has struck a distribution deal with Chinese Internet giant Tencent. US record label Warner Music has signed a first-of-its-kind deal for distributing new releases from its artists with China’s Tencent on November...
AirAsia invests in philippine operation

AirAsia to invest $500 million in Philippine operations

International budget carrier AirAsia plans to expand its operations in the Philippines. Malaysia’s budget airline AirAsia Berhad plans to invest $500 million to expand its Philippine operations as part of its business consolidation in...
Samsung secong manufacturing facility_Vietnam

Samsung to build another smartphone plant in Vietnam

Vietnam to get a second Samsung smartphone plant. The Vietnamese government has approved Samsung Electronics to build its second smartphone plant in the country. The company will invest $3 billion to construct a manufacturing facility in Thai...
Singapore airline marketing deal Tourism Australia

Singapore Airlines inks marketing deal with Tourism Australia

Tourism Australia and Singapore Airlines to fund tourism campaigns and promotions across seven countries. Singapore Airlines (SIA) and Tourism Australia announced a three-year marketing deal for A$12 million on November 10, 2014. Through this...
Google and LG sign 10 year patent deal

Google and LG sign 10-year patent pact

In a decade long cross-licensing partnership, Google and LG agree to license each other’s patents. Technology giants Google and LG Electronics have signed a 10-year-long cross-license deal that involves both existing and future products,...