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 »
By Tom Finn
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 »
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 »
Valuation markdowns, executive departures, job cuts, market share losses (to American rivals) and a lack of big-ticket fund raises dominated the headlines in 2016.
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 »
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 »
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 »
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 »
The duo explained that the firm has taken major strides towards expanding its reach into Asia, pointing to its recently announced JV with Indonesia’s Telkom to invest in tech startups in South East Asia.