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Samsung electronics invests in virtual reality games

Samsung Electronics invests in virtual reality games

South Korea’s Samsung Electronics bifurcates focus on virtual reality games. Samsung Electronics, in order to boost its virtual reality (VR) business, is investing in VR game developers. The firm is currently preparing the market for...
Softbank Snapdeal agreement_ola cabs

Japan’s Softbank Group to invest $627 million in Indian e-tailer Snapdeal

India’s Snapdeal finds its largest shareholder in Japan’s Softbank Group. Japanese mobile carrier Softbank Group announced that it would invest in one of the leading Indian online retailers Snapdeal to expand its presence in the...
SAP innovation center singapore

SAP Innovation Center to open in Singapore

Singapore will get its SAP Innovation Center by 2014 end. German software maker SAP will open the SAP Innovation Center in Singapore by the end of 2014, in a bid to expand its regional presence after 25 years of success in the Asia-Pacific...
takashimaya store thialand

Premium Japanese store Takashimaya to open in Bangkok

Iconsiam in Thailand will soon host high-end Japanese department store Takashimaya. Japan’s premium department store Takashimaya will open its new flagship store in Iconsiam, Thailand, which is a 50 billion Baht upscale national landmark...
Tesco Homeplus_pull out korea

Tesco may pull out from South Korea

UK retail giant Tesco may exit South Korea as discount chain Homeplus faces shut down. MNC retailer Tesco may reportedly discontinue its Korean operations as the impending visit of the new CEO, could mean the shut down of discount chain Homeplus,...
Alibaba double 11 shopping festival global

Alibaba to expand ‘double 11′ festival at global level

E-commerce giant Alibaba to upgrade its ‘double 11′ festival into a global shopping carnival. China’s largest online marketplace Alibaba plans to take its annual festival ‘double 11′ beyond borders by transforming...
Amazon first retail store New York

Amazon to open its first retail store

e-retail giant Amazon will soon be opening its first retail store in New York City. World’s largest online retailer Amazon.com may soon open its first physical retail store in New York City. The firm reportedly has plans to open the store...
Yahoo job cuts bangalore India

Yahoo initiates job cuts in India

Tech giant Yahoo has begun layoffs in Bangalore, India. Search engine stalwart Yahoo has reportedly started the restructuring of its Bangalore engineering hub in India, which would include handing out pink slips to at least 400 employees. The...
Samsung electronics invest in new chip plant South Korea

Samsung to invest $14.7 billion in new chip plant

With an investment of $14.7 billion, Samsung plans a new chip plant in South Korea. Samsung Electronics has set aside $14.7 billion  to build a new chip manufacturing facility in South Korea as part of its growth plans apart from the smartphones...
Flipkart big billion day

Indian online giant Flipkart makes $100 million in 10 hours on Big Billion Day

The Big Billion Day was a roaring success in India as e-commerce giant Flipkart made $100 million in 10 hours. Indian online megastore, Flipkart made $100 million in sales within 10 hours yesterday – October 6, 2014 – on account...