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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...

Amazon’s First Cashierless Store to Launch

Amazon’s First Cashierless Store to Launch

Downtown Seattle is the home of Amazon.com, Inc. (NASDAQ: AMZN) experimental convenience store called Amazon Go. For the past year, the company has been testing this store to allow customers to walk in, pick up products, and pay without st..

Ford Signs $756 Million Deal with Zotye for Electric Cars

Ford Signs $756 Million Deal with Zotye for Electric Cars

On Wednesday, Ford Motor Company (NYSE: F) signed deal with Anhui Zotye Automobile Co Ltd (SHE:000980), a China-based company, to build, market and distribute electric cars under a new brand in China.Zotye Automobile Co Ltd, which was based in China..

Activision reports better than expected Q3 but shares fall

Activision reports better than expected Q3 but shares fall

Activision Blizzard Inc. (NASDAQ: ATVI) reported its third quarter earnings that surpassed expectations of both analysts and the company itself, but shares fell by 3.5 percent during trading hours on Friday.For the third quarter, Activision rep..