Technology - Business news

Lyft secures $530 mn to take on Uber

Lyft has upped the stakes in its ambitious drive to take on Uber, saying Thursday it raised $530 million in a funding round led by Japanese ecommerce giant Rakuten to fuel expansion in the US and abroad.

Mar 12, 2015
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China's Alibaba drives into 'Internet car' industry

Chinese e-commerce giant Alibaba on Thursday joined the country's biggest auto maker with a plan to develop an Internet-connected car, following other non-traditional players such as Google making inroads ...

Mar 12, 2015
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