General Electric Co said on Wednesday it is developing a cloud-based service tailored for industrial customers, the latest step in the U.S. conglomerate's effort to gain business from data generated by machines. GE Chief Executive Jeff Immelt has bet on developing analytics and software for customers of the company's jet engines, power-generating turbines, healthcare equipment and other industrial products.
Read moreBy Arno Schuetze and Alexander Hübner FRANKFURT (Reuters) – Online meal preparation firm HelloFresh is readying a stock market listing this year as it seeks to capitalize on buoyant equities markets and investor appetite for the Internet food market, according to three people familiar with the matter. Majority owner Rocket Internet and co-investors have mandated Morgan Stanley and Goldman Sachs to organize the listing, the sources said.
Read moreDigital shoppers are increasingly starting their product searches on retail marketplace platforms, which allow third-party merchants to sell goods, before looking on an individual retailer’s website, according to a report released on Tuesday by Amazon.com Inc and Pymnts.com.
Read moreBy Patricia Zengerle WASHINGTON (Reuters) – The U.S.
Read moreKosovo has arrested three people suspected of committing cyber crimes, following a joint investigation with the U.S. Federal Bureau of Investigation, police said on Tuesday.
Read moreSinger Gwen Stefani has filed for divorce from rockstar husband Gavin Rossdale after 13 years of marriage, several news reports said on Monday. In her divorce petition, Stefani, 45, cited irreconcilable differences and asked for joint custody of the couple's three children, 9-year-old Kingston, 6-year-old Zuma and 1-year-old Apollo, celebrity websites TMZ and People.com said
Read moreNEW YORK (Reuters) – “Men in Black” star Will Smith took the unusual step on Monday of publicly shooting down a report that he and his actress wife of 17 years had decided to divorce. Smith's marriage to Jada Pinkett Smith has been a subject of tabloid rumor for several years
Read moreChina's sovereign wealth fund has invested an unspecified amount in Didi Kuaidi, China's dominant ride-hailing app which is competing against U.S. firm Uber Technologies, a person with knowledge of the matter said on Tuesday. The person said China Investment Corp (CIC) was one of several investors that injected more than $2 billion in recent months into the startup, which is now valued at $15 billion.
Read more(Corrects paragraph 4 to clarify The Ascott is investing $50 mln with other investors) HONG KONG (Reuters) – Tujia, a Chinese vacation rental company similar to home rental firm Airbnb Inc, said on Monday it had raised $300 million from a group of investors to expand its business overseas, increase marketing and offer new products. The deal values Tujia at more than $1 billion, the Chinese company added without disclosing the size of the stake the investors bought. Other investors included existing Tujia shareholders and The Ascott Ltd, a serviced residence business owned by Singapore’s CapitaLand Ltd, that is leading a consortium to invest $50 million in Tujia.
Read moreBy Paul Carsten BEIJING (Reuters) – Indian online marketplace Snapdeal is set to raise $500 million from a group of foreign investors including China's Alibaba Group Holding Ltd, three people familiar with the matter said on Monday. The latest round of support, from investors also including SoftBank Group Corp and Foxconn, the trading name of Hon Hai Precision Industry Co Ltd, would value Snapdeal at more than $5 billion, another person said. The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal, which in October secured a $627 million investment from SoftBank, itself an early backer of Alibaba.
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