mobile

Pinterest Nearing USD 1 B Ad Sales As It Looks To Go Public in 2019

Pinterest Nearing USD 1 B Ad Sales As It Looks To Go Public in 2019

Social media company Pinterest is approaching USD 1 Billion in ad revenue as it pushes for anIPO in mid-2019 according to people familiar with the matter.The Company hit USD 500 Million in sales in 2017 and almost double that this year, accordi..

Nissan Admits to Emission Test Scandal

Nissan Admits to Emission Test Scandal

Japanese automobile manufacturer, Nissan (TYO: 7201) announced Monday that it had altered the results of exhaust emissions and fuel economy tests of new vehicles sold in Japan and created inspection reports on altered measurement values. The sc..

Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi Sets Terms for $6.1 Billion Hong Kong IPO

Xiaomi has set initial tentative terms for the world’s biggest initial public offering with potential to raise up to $6.1 billion in Hong Kong. The Chinese smartphone maker plan to offer 2.18 billion shares at HK$17 to HK$22 each, with talks w..

Momo Inc Beat on First-Quarter Earnings

Momo Inc Beat on First-Quarter Earnings

On Tuesday, Momo Inc. (NASDAQ: MOMO), which is a leading mobile social networking platform in China, announced its financial results for the first quarter of fiscal 2018.The company reported total net revenues of $435.1 million for the first quarter..

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

BP Invests $20 Million for 5-minute Fast Charging Batteries for Electric Cars

British Petroleum Company (NYSE: BP) has invested $20 million in an Israeli start-up company by the name of StoreDot that claims its batteries can charge electric cars in just five minutes.Additionally said on Tuesday, BP suggested its venture capit..

Momo Shares Rise After Beating Q4 Estimates

Momo Shares Rise After Beating Q4 Estimates

China’s social media company, Momo Inc (NASDAQ: MOMO) reported its fourth quarter and full year financial results. For the fourth quarter, the company topped fourth quarter estimates, sending shares over 10 percent higher on Wednesday.For the ..

SoftBank is Planning an IPO of $18 Billion for its Unit of Mobile Phones

SoftBank is Planning an IPO of $18 Billion for its Unit of Mobile Phones

The SoftBank Group is planning to register its business of mobile phones by raising approximately $18 billion, a spin-off which would complete the transformation of the telecoms conglomerate in Japan and make it an international technology investor...