Silicon valley

Qatar Investment Authority set to open office in Silicon Valley

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The Qatar Investment Authority, the Gulf Arab state’s acquisitive sovereign wealth fund, is setting up an office in San Francisco to manage its growing portfolio in the United States, its CEO said in London on Monday. “Soon we will be opening an office in the Silicon Valley in San Francisco,”… Read more »

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Women are photographed in front of a Baidu sign during a new product launch in Shanghai, China, November 26, 2015. REUTERS/Aly Song/Files
Baidu expands US research space with new Silicon Valley site

Baidu Inc. plans to double its footprint in Silicon Valley with a second research and development facility, seeking to gain an edge in artificial intelligence technology. China’s largest search engine provider will add capacity for 150 employees, the company said Friday in a statement. Baidu has about 200 people at its… Read more »

walmart reuters/REUTERS/Rick Wilking
Wal-Mart launches tech incubator, investment arm for e commerce push

Wal–Mart Stores Inc, the world’s largest retailer, will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs, the company said on Monday. The plan is being spearheaded by Marc Lore, Wal–Mart‘s e-commerce chief, who joined the Bentonville, Arkansas-based company from… Read more »

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The Snapchat logo shown on a smartphone. Photo: Bloomberg
Silicon Valley is pinning hopes on blockbuster year for tech IPOs

The health of Silicon Valley’s investing ecosystem in 2017 will depend on something that didn’t really happen this year: a flood of technology initial public offerings. While going public is just one step in a successful company’s arc, the scarcity of blockbuster technology deals in 2016 has dragged on everything… Read more »

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Fenox VC teams up with Wistron Corporation, launches new $20m fund

Silicon Valley-based Fenox Venture Capital has teamed up with Wistron Corporation to launch a $20 million venture capital fund to work with global technology companies. The new fund will help startups working in the field of IoT, robotics, AR/VR technologies, and others that require hardware-software collaboration with reliable manufacturing. The… Read more »

Sam Altman. Photo: Bloomberg
Silicon Valley reels in wake of Trump’s presidential victory

Donald Trump’s stunning upset inspired a wave of despair and anxiety in Silicon Valley. “This feels like the worst thing to happen in my life. i assume we’ll get through it, but it sure doesn’t feel that way right now,” Sam Altman, president of startup incubator Y Combinator, tweeted. “Is… Read more »

The logo of Alibaba Group is seen inside the company's headquarters in Hangzhou, Zhejiang province early November 11, 2014. REUTERS/Aly Song
Alibaba cloud arm set for centre stage as e-commerce plateaus

It’s not the e-commerce business that’ll command the most attention when Alibaba Group Holding Ltd posts earnings Wednesday. It’s the nascent cloud computing division that investors will scrutinize instead. China’s largest Internet company reports just a week before Katy Perry and other stars headline a launch party for the annual… Read more »

Telstra prepaid card. Credit:  Flickr/Karl Baron.
Golden Gate Bridge in San Franciso.