Joseph Tsai is the cofounder and vice chairman of Chinese ecommerce giant Alibaba. Tsai is said to be the driving force behind all of the Alibaba’s acquisitions, market penetration strategies and growth. Yale educated Tsai also worked as a lawyer at Sullivan & Cromwell LLP before Jack Ma offered him to join hands to make Alibaba the biggest ecommerce company in China. Tsai was also leading the talks with Yahoo! Inc. (NASDAQ:YHOO) in 2011 after Alibaba and Yahoo! Inc. (NASDAQ:YHOO) got into an internal conflict regarding Alipay, Alibaba’s payment system. In a program on Bloomberg, Greycroft Partners Venture Partner, Bo Peabody, and Bloomberg’s Leslie…
Author: Sean Johnson
Burger King Worldwide Inc (NYSE:BKW) has announced on Sunday that it is in talks to buy Canadian doughnut-and-coffee chain, Tim Hortons Inc. (USA) (NYSE:THI). This deal, if realized, can create one of the biggest fast food businesses. Stocks of Burger King Worldwide Inc (NYSE:BKW) and Tim Horton soared in pre-market trading on Monday after the merger news. Burger King up 16.2% to $27.11 and Tim Hortons Inc. (USA) (NYSE:THI) jumped 16.96% to $62.84. Discussing the likely merger of Burger King Worldwide Inc (NYSE:BKW) and Tim Horton in program on CNBC, Jim Cramer said that this deal makes a lot of sense…
Tesla Motors Inc (NASDAQ:TSLA)’s CEO Elon Musk has announced in a tweet that his company is planning to introduce some changes in Tesla Motors Inc (NASDAQ:TSLA)’s cars to facilitate its customers. He was responding to an open letter by two Tesla Motors Inc (NASDAQ:TSLA)’s car owners based in New York. The letter was published in Palo Alto Weekly, and got a lot of popularity within hours. An article on Re/Code discussed this open letter to Tesla and shared the details of the suggestions made by “two highly satisfied Tesla owners from Southold, New York.” The letter proposed some basic changes…
Images of BlackBerry Ltd (NASDAQ:BBRY)’s P’9983 from Porsche Design series have been leaked online. This points toward a likely release of another iteration in the Porsche series by BlackBerry Ltd (NASDAQ:BBRY) after its much awaited Passport. n4bb has claimed that it has got access to the upcoming BlackBerry P’9983 and they have confirmed images of the phone. The phone is dubbed as ‘Khan’. According to the website, Khan phone will have a 3.5-inch touchscreen, 3 GB RAM, impressive Dual-core 1.7 GHz CPU processor, 64GB on-board memory and a form factor of Carbon and Steel. According to n4bb, BlackBerry Ltd (NASDAQ:BBRY)’s P’9983 will…
Researchers at the University of Michigan and California have found a massive security vulnerability in Google Inc (NASDAQ:GOOGL)’s mail app and announced that Gmail for smartphones can be hacked with a success rate of no less that 92%. The researchers tested many apps during a research for security loopholes and used the shared memory of smartphones in order to break the security. For this, they used apparently simple and commonly used programs like wallpaper apps, online cheque transaction apps and used them to take control of the phone. CNBC’s Josh Lipton reported on this research and explained how hackers can…
In Worldwide Partner Conference 2014, Microsoft Corporation (NASDAQ:MSFT) claimed that more than seven hundred and eighty five customers have switched to Microsoft Corporation (NASDAQ:MSFT)’s Office 365 from Google Inc (NASDAQ:GOOGL)’s Apps. Microsoft didn’t give any proofs for this claim, but shown a slide having the names of the pronounced customers who made the switch. Google Inc (NASDAQ:GOOGL) immediately started investigating this claim and has recently come up with a response. According to Google Inc (NASDAQ:GOOGL), 5,000+ companies sign up for Google Apps on a daily basis and thousands of these companies switch from Microsoft. In a Forbes article, Ben Kepes mentioned Google’s…
U.S. communications regulators have asked Comcast Corporation (NASDAQ:CMCSA) about the details of its data, web traffic management practices and broadband details in order to review its proposed merger with Time Warner Cable Inc (NYSE:TWC). The two largest cable providers are in talks for a $45 billion merger and The Federal Communications Commission has been reviewing this proposal since many days. In an article on re/code, Amy Schatz said that Federal Communications Commission sent 93 questions to Comcast, asking about each and every detail of their operational strategies, data policies and traffic. Schatz also said that the Federal Communications Commission is also questioning Time…
Experts from universities of Michigan and California have claimed that they were able to hack into Google Inc (NASDAQ:GOOGL)’s mail app for smartphones with a 92% success rate. This news has worried millions of Google Inc (NASDAQ:GOOGL)’s mail app users around the world. Experts will present their research in cyber security conference in San Diego. Fox Business’s Liz McDonald reported about the news in a program and said that Google Inc (NASDAQ:GOOGL)’s mail app vulnerability has worried a lot of users. She said that researches used commonly used apps to sneak into Gmail accounts. “The University of California Rverside and…
Recently, Twitter Inc (NYSE:TWTR)’s social media platform users have started to experience strange activity in their streams. Twitter Inc (NYSE:TWTR)’s site users now see random tweets and activities from people they don’t know or follow on Twitter. Twitter has acknowledged this change and said that it will keep doing it to increase the interaction and activity on its social platform. In an article on re/code, Kurt Wagner explains how and why Twitter Inc (NYSE:TWTR) is applying this changes. Wagner stated that when any activity from the unknown account appears in the stream, there is a seamless label above it, showing…
Today, Chipotle Mexican Grill, Inc. (NYSE:CMG)’s approached $700 mark the closest as ever, an indicator that the company is doing pretty well in the third quarter. Bloomberg’s Leslie Patton reported about the Chipotle Mexican Grill, Inc. (NYSE:CMG)’s major areas of growth and expansion strategies in a program. She thinks that Chipotle Mexican Grill, Inc. (NYSE:CMG) is trying different smart strategies to attract all sorts of customers. “[…] They are expanding really quickly, they are opening stores in the right locations, they are also experimenting with some new stuff, they have Tofu in some stores now to get in vegetarians in there,…
The Home Depot, Inc. (NYSE:HD) announced Thursday that its current CEO, Frank Blake, will step down on November 1. He will be replaced by Craig Menear, the company’s current U.S. retail president. CNBC’s “Squawk on the Street” program team discussed the recent changes at Home Depot in a program. Sara Eisen said that Frank Blake is leaving his position during a time when the company is performing exceptionally well in the market. CNBC’s David Faber mentioned that this is an unexpected and difficult transition, but it’s important to note that Blake will continue as the Chairman of The Home Depot,…
Tech giants like Apple Inc. (NASDAQ:AAPL) and Google Inc (NASDAQ:GOOGL) are now in a race to launch embedded Healthcare systems in their hardware and software products. Apple Inc. (NASDAQ:AAPL)’s iPhone 6 is reported to have a complete Health suite known as HealthKit in its iOS 8 to facilitate the users to track all the health related activities. Google Inc (NASDAQ:GOOGL) is also working on diffident products to track blood sugar and eye health. There is one company which is expected to jump in this race very soon: Amazon.com, Inc. (NASDAQ:AMZN). In an article on Forbes, Dan Diamond referred to a…