Month: April 2018

Walmart retreats from its UK Asda business to hone its focus on competing with Amazon – TechCrunch

Walmart’s strategy to get itself fighting fit against Amazon saw one more development today. This morning, UK supermarket chain Sainsbury’s announced a deal with Walmart to buy a majority stake in Asda, Walmart’s wholly-owned UK subsidiary. The deal values Asda at £7.3 billion ($10 billion), and if it closes will

Baidu brings group of PE firms into its financial services business via $1.9B investment – TechCrunch

Baidu has turned to the financial industry to bolster its consumer finance business. The Chinese search giant confirmed that it has sold a majority share in its Financial Services Group (FSG) business to a consortium of private equity firms in a deal worth $1.9 billion. The business is in the consumer finance space and

Algebraix.io Launches Public Token Sale Using The CoinList Platform

AUSTIN, Texas, March 27, 2018 /PRNewswire/ — Algebraix.io, the developer of the permission-based ad platform that empowers individuals to monetize their personal data, will use the CoinList platform to launch its public sale of ALX tokens. The CoinList platform performs investor compliance checks so that accredited investors can purchase a