Arjun Panchadar

Amazon said to plan new grocery store business

Amazon is also exploring an acquisition strategy to strengthen its new supermarket brand by purchasing regional grocery chains, which have at least a dozen stores under operation.

Google to buy cloud migration platform Alooma

Google trails Amazon and Microsoft in the fast-growing business of helping companies move to the cloud, with Google Cloud holding 8.5% of worldwide cloud market share at the end of 2018.

Pokemon Go creator Niantic raises $245m at $4b valuation

The Series C was led by IVP and joined by aXiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV, and Samsung Ventures.

Investors said to have told Uber to sell self-driving unit

Uber’s self-driving car unit has racked up losses of $125 million to $200 million each quarter for the past 18 months.

Amazon in talks with banks to offer checking-account like product – Report

Amazon’s talks with financial firms are seen as an attempt to create a product to attract younger consumers, mainly those without bank accounts.

Uber’s Khosrowshahi says relationship with former CEO Kalanick ‘fine but strained’

“While you don’t want to blame individuals, in the end the CEO of the company has to take responsibility,” Khosrowshahi said.

Rocket maker SpaceX raises another $100m

This is an extension to a financing round earlier this year that raised up to $350 million

China’s Tencent buys 12% stake in Snapchat owner

Snap said Tencent bought its shares through open market purchases this month.