Fund argues for Yahoo job cuts, ouster of Mayer

An investment fund with a stake in Yahoo called Monday for the struggling Internet firm to slash more than 80 percent of its workforce and replace chief executive Marissa Mayer.

China's Xiaomi raises more than $1 bn in funding

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

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