Samsung refutes Canalys report that put Xiaomi atop Indian smartphone market

Samsung says it is still the number one smartphone company in India “by a distance”. The company responded to a recent report by Canalys, a Singapore-based market tracking firm. The Canalys report says that Xiaomi shipped 8.2 million units in the October-December quarter, ahead of […]

Rocket Internet’s Carmudi raises $10M to refocus on Asia following global retrenchment

Carmudi, a Rocket Internet-backed company that sells cars online in emerging markets, has raised $10 million to develop its business in Southeast Asia after reducing its global footprint. The company was formed in 2013 and, at peak, it grew to cover over 20 markets across […]

EU slaps $1.23B fine on Qualcomm over LTE chip dominance in the iPhone

Qualcomm’s longstanding dominance in LTE chipsets for smartphones, and specifically with Apple’s iPhone, is getting a major hit today. The European Commission today announced that it would be fining the company €997 million, or $1.23 billion, for abusing its market position between 2011 and 2016, […]

Berlin’s Blacklane raises $40-45M for its high-end transport on demand service

Transportation-on-demand startups betting on growth by honing in on specific market segments continue to play strong with both investors and customers looking for alternatives to traditional taxis and Uber. Today, Blacklane, a Berlin-based business that offers limousines and other high-end cars for airport and other […]