Company Overview and News

Ant Financial to help state lender China Everbright Bank develop fintech capabilities

2018-05-23 scmp
Ant Financial, an affiliate of Chinese e-commerce giant Alibaba Group Holding, said on Wednesday it had signed a strategic cooperation agreement with China Everbright Bank and its financial technology affiliate Everbright Technology, to help the state bank with its digital transformation.

SoftBank agrees to sell entire stake in Flipkart for $4 bn

New Delhi : Japan’s SoftBank has decided to sell its over 20 per cent stake in e-commerce major Flipkart to US retailer Walmart for about $4 billion. “SoftBank confirms the sale of its entire stake in Flipkart to Walmart,” a SoftBank spokesperson said.

Tencent’s WeChat allows residents in China’s most populous province to skip government queues

2018-05-22 scmp
WeChat, China’s most popular smartphone app with more than 1 billion active users, now enables residents in southern China’s Guangdong province to skip the queues at government offices and face-to-face talks with civil servants.

SoftBank confirms selling ‘entire stake’ in Flipkart to Walmart

2018-05-22 livemint
New Delhi:Japan’s SoftBank has decided to sell its over 20% stake in e-commerce major Flipkart to US retailer Walmart for an estimated $4 billion.

How to Turn Your Mom’s Savings Into $1 Billion? Ask This Guy - Bloomberg

2018-05-22 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Flipkart to spend $2 billion in cash to counter Amazon

2018-05-22 moneycontrol
Flipkart is likely to spend much as $2 billion in cash over the next one and a half year to push its sales growth, according to a report in Mint.

SoftBank agrees to sell 21% stake in Flipkart to Walmart

2018-05-22 moneycontrol
SoftBank has agreed to sell its entire 21 percent stake in Flipkart to US-based retail giant Walmart, according to a report by The Economic Times.

Here’s a look at the new headquarters of Tencent, China’s gaming-to-social media giant 

2018-05-21 scmp
Technology companies from Google to Facebook have redefined the way corporate offices should look like, with open-plan collaborative spaces, entertainment and leisure options blurring the line between work and play

Activision Blizzard, Inc. Adapts to Epic Games’ Surprising Hit Game

2018-05-21 investorplace
When investors think of video-game-maker stocks, names like Activision Blizzard, Inc. (NASDAQ:ATVI) or Electronic Arts Inc. (NASDAQ:EA) come to mind. The former is the outfit behind the popular Call of Duty franchise, and the latter dominates the sports games market.

Amazon helps Shenzhen entrepreneur turn mom’s money into a billion dollars

HONG KONG – After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture capital money to fund his business idea.

Amazon helps ex-Googler turn mom’s money into a billion dollars

2018-05-21 livemint
Hong Kong: After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture-capital money to fund his business idea.

Amazon helps Shenzhen ex-Googler turn mom's money into a billion

2018-05-21 scmp
Entrepreneur combined his Google money with his mom’s, and with less than US$1 million in seed capital moved from California to Shenzhen to build his technology business

Internet giant Tencent Holdings acquires majority stake in Kiwi gaming firm Grinding Gear Games

Chinese internet giant Tencent Holdings has bought a controlling stake in West Auckland gaming company Grinding Gear Games, which developed Path of Exile.

Google still considering Flipkart minority stake purchase

2018-05-21 moneycontrol
Alphabet, the holding company of tech giant Google is yet to make a decision on acquiring a minority stake in Flipkart, according to a Business Standard report.

Baidu star’s surprising exit casts doubt on company’s ambitions in artificial intelligence

2018-05-21 scmp
The departure of Baidu’s most senior operational executive threatens to derail the Chinese search giant’s ambition of placing artificial intelligence at the heart of its business.

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ANTH: Anthera Pharmaceuticals Analysis and Research Report

2018-05-21 - Asif

Overview Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on advancing the development and commercialization of innovative medicines that benefit patients with unmet medical needs. The company currently have two compounds in development, Sollpura and blisibimod. The company licensed Sollpura from Eli Lilly & Co (“Eli Lilly”) in July 2014. Sollpura is a novel non-porcine investigational Pancreatic Enzyme Replacement Therapy (“PERT”) intended for the treatment of patients with Exocrine Pancreatic Insufficiency (“EPI”), often seen in patients with cystic fibrosis and other conditions. The company licensed blisibimod from Amgen, Inc. (“Amgen”) in December 2007. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy. Sollpura The exocrine pancreas is responsible for synthesis and secretion of digestive en...

AGEN: Agenus Inc Analysis and Research Report

2018-05-21 - Asif

Business Agenus is a clinical-stage immuno-oncology (“I-O”) company dedicated to becoming a leader in the discovery and development of innovative combination therapies and committed to bringing effective medicines to patients with cancer. The company's business is designed to drive success in I-O through speed, innovation, and effective combination therapies. Agenus has assembled fully integrated capabilities from novel target discovery, antibody generation, cell line development, and good manufacturing practice (“GMP”) manufacturing together with a comprehensive portfolio consisting of antibody-based therapeutics, adjuvants and cancer vaccine platforms. The company leverage its immune biology platforms to identify effective combination therapies for development and have developed productive partnerships to advance its innovation. The company believe the next generation of cancer treatment will build on clinically validated antibodies targeting CTLA-4 and PD-1 combined wi...

SQ: Square Analysis and Research Report

2018-05-21 - Asif

Business The company started Square in February 2009 to enable businesses (sellers) to accept card payments, an important capability that was previously inaccessible to many businesses. However, sellers also need innovative solutions to thrive, and Square has since expanded to provide additional products and services to give these businesses access to the same tools as large businesses. This approach aligns with its purpose of economic empowerment, as everything the company do should give sellers accessible, affordable tools to grow their businesses and participate in the economy. Square is a cohesive commerce ecosystem that helps its sellers start, run, and grow their businesses. The company combine sophisticated software with affordable hardware to enable sellers to turn mobile and computing devices into powerful payment and point-of-sale solutions. Square has high seller acceptance rates and fast onboarding, while maintaining low risk and fraud losses as a result of its a...