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E-Commerce Service Valued at $235 Million Targets U.S. IPO May 05 2021, 12:15 AM May 04 2021, 8:21 AM May 05 2021, 12:15 AM (Bloomberg) -- SCI Ecommerce, the online shopping service provider backed by two of Alibaba’s earliest employees, has raised more than S$50 million ($38 million) to expand in Southeast Asia ahead of a potential Nasdaq listing. (Bloomberg) -- SCI Ecommerce, the online shopping service provider backed by two of Alibaba’s earliest employees, has raised more than S$50 million ($38 million) to expand in Southeast Asia ahead of a potential Nasdaq listing. Asia Partne...

Synopsis The PC maker is under pressure to boost profitability after its debt-laden acquisition of data storage provider EMC Corp for $67 billion in 2016 failed to meet financial targets, hurt by intensifying price competition. Reuters Computer maker Dell Technologies on Sunday said private-equity firms Francisco Partners and TPG Capital have entered a definitive agreement to buy its cloud business, Boomi, in a $4 billion cash transaction. The company said the deal was expected to close by the end of this year but did not disclose additional terms of the transaction. The Wall Street Journal ...

We'll soon meet in your inbox. Please wait... Apple has mostly succeeded in staying out of the regulatory crosshairs by arguing that the iPhone is a niche product in a smartphone world dominated by Google's Android operating system. But that argument has become harder to sustain with the number of iPhone users now exceeding 1 billion. Epic alleges Apple has such a strong lock on those customers that the app store constitutes a distinct market for software developers over which Apple has monopoly power. Apple is abusing that power, Epic argues, by forcing developers to use Apple's in-app pa...

We'll soon meet in your inbox. Please wait... The government signalled that it is looking to use drones in its battle against the raging Covid-19 pandemic by granting two exemptions to conduct experimental drone deliveries of vaccines. However, actual deliveries to citizens are some time away. “This is an experiment in a defined airspace and not actual delivery (of vaccines) to citizens. Actual vaccine delivery is at least a year away,” said a senior government official. “It may not be prudent to rush this through considering the risks to public safety, national security and privacy.”...

Twitter row over eSales of 'non-essentials' in Mumbai SECTIONS Last Updated: May 03, 2021, 08:13 AM IST Share Synopsis The topic "Amazon Defies Protocols" was trending with just under 4,000 tweets late on Sunday night on the micro-blogging platform AFP In what appeared to be a smear campaign against US e-commerce giant Amazon, several users on Twitter alleged on Sunday that it was violating lockdown norms in Maharashtra by shipping non-essential items. The topic “Amazon Defies Protocols” was trending with just under 4,000 tweets late on Sunday night on the micro-blogging platform, with se...