News
Steve Jobs liked to describe computers as “bicycles for the mind”—tools that let humans do things faster and more efficiently than their bodies would allow. The internet-connected bikes flooding the streets of urban China could be called “computers for the road”. Networked, trackable and data-generating, they are ones and zeros in aluminium form.
The cycles belong to Ofo and Mobike, two startups that, taken together, have raised $2.2bn of capital and are valued at more than $4bn. Each has between 7m and 10m bikes in China, averages 30m-35m rides a day and, having entered more than 100 Chinese cities, is expanding abroad
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Victoria Beckham has secured £30m investment from Neo Investment Partners in a move which is said to value her band at £100m.
Neo Investment Partners specialises in luxury businesses and its investment will help Beckham to expand her brand’s retail presence and also boost growth in its core product categories of ready-to-wear, accessories and footwear, as well as collaborations.
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trends seem to rule everything. Whether it’s the cut of your trousers, how you take your coffee, or what makes up your stock portfolio, crazes, fads, and trends are strong motivating factors behind how all of us behave.
Many venture investors fancy themselves as both trendspotters and trendsetters. But are VCs really that good at getting out ahead of the curve?
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Since its HBR debut in 1995, the concept of disruptive innovation—the process by which a smaller company with limited resources is able to launch a product or service that displaces established competitors—has been extensively incorporated into startup vernacular. Entrepreneurs often use a version of the phrase when launching products, raising funds, unveiling strategies, hiring teams, and engaging partners.
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Today Revolut revealed it now has a million customers across Europe, more than double its closest rivals N26 and Monzo (both with just 500,000 customers), and is adding between 3,000 and 3,500 new users every day.
Incredibly, the entire business is only two years old and was built with just £60m in funding.
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According to the latest data from IDC, the public cloud services market grew 28.6 percent in the first half of 2017, with revenues totaling $63.2 billion.
There are now thousands of SaaS applications, available from internet giants to startups. The SaaS segment holds nearly 69 percent of overall public cloud market share.
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The government is set to introduce a "Google tax" on internet companies' royalties made to subsidiaries in low-tax countries.
Philip Hammond said in his budget speech yesterday the measure is predicted to raise £200 million a year and will start in April 2019.
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As Bitcoin continues its stride towards mainstream adoption, it turns out that its surging price rates are not the only thing experiencing a sudden increase. New research indicates that the popular cryptocurrency now consumes more electricity than more than 20 countries in Europe.
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Fragrance brands often struggle to create compelling content on social media, as visuals are not their strong point. Instead, they have historically relied on traditional media investments for social fodder: big-budget celebrity-led TV commercials are scaled down for YouTube and re-cut into stills and clips for Facebook and Instagram.
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Private equity firms have been hit in the pocket by the latest UK Budget.
Chancellor Philip Hammond announced yesterday that a carried interest tax loophole will be closed, a move that could see UK private equity professionals pay more tax than expected.
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