Tag Archives: million

Xiaomi sold 100 million devices in 10 months

Xiaomi targeted to ship more than 100 million smartphones in 2018 and according to the latest information, it managed to reach the milestone with two months to spare. Lei Jun delivered a speech at Zhong Guan Cun Forum in Beijing, China, where he announced the number was reached on October 26. Lei Jun, who is the founder of Xiaomi and ... Read More »

LinkedIn India User Base Doubles in 4 Years to Cross 50 Million

Microsoft-owned LinkedIn on Tuesday said its India member base has doubled in the past four years to cross 50 million in the country. India is LinkedIn’s fastest-growing and largest market outside the US. Globally, the professional networking platform has over 562 million members. “Our members-first, localised approach has helped us cross the 50 million mark in India. We are at the beginning ... Read More »

Uber Paid Hackers $100,000, Concealed Hack That Exposed Data of 57 Million Users

Uber said Tuesday that hackers compromised personal data from some 57 million riders and drivers in a breach kept hidden for a year. “None of this should have happened, and I will not make excuses for it,” said a statement from chief executive Dara Khosrowshahi, who took over at the ridesharing giant in August. Two members of the Uber information security team ... Read More »

Tata Communications to invest $100 million on Internet of Things

Tata Communications Ltd is set to invest about USD 100 million in the the Internet of Things (IoT), a digital space the company is betting big on in the next few years. IoT is a serious business and will become a significant revenue line for the firm going forward, Tata Communications Senior Vice President and Head, Internet of Things, VS Shridhar ... Read More »

The Nikkei: Apple can ship only 20 million iPhone X this year

KGI estimated that Apple will ship 25-30 million iPhone X units this year, but information reported by The Nikkei points to an even lower number – “around 20 million”. It sounds like manufacturing issues started a long way back and even though they are clearing up now, it will still affect the launch. Apparently, the new OLED screens were the first issue to occur – ... Read More »

Sequoia, Norwest lead $50 million funding in Chennai-based Five Star Finance

Investment firms Sequoia Capital and US-based Norwest Venture Partners have led a round of Series C funding in Chennai-based lending company Five Star Business Finance, the companies said in a joint statement on Thursday. Five Star Business Finance is currently a loan provider focused in South India. Existing investors Matrix Partners India and Morgan Stanley Private Equity Asia also participated ... Read More »

Xiaomi celebrates 5 million Redmi Note 4s sold in India

The Xiaomi Redmi Note 4 has grown to 5 million sales in India. Back in March, it celebrated over 1 million units sold in 45 days and sales have remained strong since. To mark the occasion, Xiaomi created the world’s largest grain mosaic (using millet, the namesake of its phones). The mosaic covered an impressive 6,000 square feet. Besides promotion, the company did some ... Read More »

Sony’s smartphone shipments for Q1 FY2017 stood at 3.4 million, profits up

Sony has revealed its financial results for the first quarter of financial year 2017, and it’s largely good news. Total smartphone shipments stood at 3.4 million, which is up from the 3.1 million figure the company reported in the same period last year. Although mobile revenues were down (which the company says was due to “change in product mix of ... Read More »

$4 million in refunds doesn’t worry developer of PC survival game ‘Rust’

Imagine a $4 million loss sliding off your back like it’s no big deal. Well, Rust developer Garry Newman doesn’t have to imagine it at all. All told, Facepunch Studios gave out $4 million in refunds — which is only 6 percent of the total sales Rust has made since its soft launch release on Steam’s Early Access platform three and a half years ... Read More »

ECN Capital to buy Service Finance for C$410 million

Canadian commercial financing company ECN Capital Corp (ECN.TO) said on Thursday it would buy U.S.-based Service Finance Holdings LLC for C$410 million ($304 million) in cash. ECN Capital offers financial services to rail and commercial aviation markets, while privately held Service Finance Holdings lends for home improvement projects in the United States. Toronto-based ECN Capital sold its U.S. commercial and ... Read More »