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Alibaba Revenues Surge Ahead of IPO – Raises Valuation to $140bn

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Alibaba reports a tenfold jump from mobile devices helped drive overall revenues 46 per cent higher to Rmb15.8bn ($2.6bn) in the second quarter, while net income nearly tripled to Rmb12.3bn. Analysts have focused on Alibaba’s ability to draw mobile users to its marketplace amid fierce fighting among China’s tech groups for customers glued to their smartphones. The group said a ... Read More »

Google Acquires Video and Special-Effects Startup Zync

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Google has acquired video and special-effects startup Zync Inc. as it steps up competition against Amazon.com’s cloud-computing business.  Terms were not disclosed. Zync offers video and special-effects rendering that has been used in movies including “Star Trek Into Darkness” and “Looper.” The service operated on Amazon computers, but Google said it would move Zync to its own Cloud Platform. Google launched ... Read More »

Iosco Sounds Red Alert over Financial Hacking

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Iosco, the International organization of Securities Commissions, has sounded the alarm about the growing danger of cyber attacks on financial markets, warning that firms and regulators around the world need to address the “uneven” response to the threat of online assaults. Greg Medcraft, chairman of the board of Iosco, predicted that the next major financial shock – or “black swan ... Read More »

Equifax to Acquire Remaining 49% Stake in NettPositive

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Equifax Inc plans to acquire remaining 49 per cent equity stake in Bangalore-based data analytics and business intelligence company NettPositive, subject to necessary approvals. Equifax had acquired controlling 51 per cent stake in NettPositive in 2012 for an undisclosed amount. Following the completion of the remaining stake, the Bangalore-based company will become an operating entity of Equifax India. “NettPositive has ... Read More »

LifeLock Q2 2014 Revenues Up 29%

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LifeLocck total revenue was $115.7 million for the second quarter of 2014, up 29% from $89.5 million for the second quarter of 2013.  Consumer revenue was $109.3 million for the second quarter of 2014, up 32% from $82.6 million for the second quarter of 2013.  Enterprise revenue was $6.4 million for the second quarter of 2014, compared with $6.9 million ... Read More »

Data Breach at UPS Store

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The UPS Store announced  August 15th 2014 that 51 of its locations experienced a security breach that may have compromised customers’ personal information, including credit and debit card data. There are 4,470 UPS franchised locations throughout the U.S., so the breach affected roughly 1% of stores. A list of the stores (the 51 locations are in 24 states) that experienced the ... Read More »

Panjiva Helps to Understand Chinese Trade Data

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Understanding Trends with Chinese Data Panjiva knows that data, used correctly, can produce great insights. Panjiva’s technology is making it easier to access, understand, and gain insights from data. To that end, Panjiva has recently enhanced the amount of Chinese trade data on its platform, and it has created a new, macro distillation of the data. Panjiva now covers 90 ... Read More »

Google X Buys Gecko Design

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Google has acquired Gecko Design, which will become part of the Internet company’s unit developing cutting-edge products like Glass and balloons for Internet access. Terms of the deal were not disclosed. Gecko President Jacques Gagne and its four other employees will join Google’s “X” research division next month. In addition to Glass and Internet balloons other projects at Google X include self-driving ... Read More »

HC International’s First Half of 2014 Profits Jump 96%

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Hong Kong-listed HC International reported revenues for the six months ended 30th June of US$75 million, up 30% over the first half of last year. HC posted a profit attributable to equity holders of US$17 million in the period, jumped 96% from 2013. Dilute earnings per share in the period were RMB 0.1474 (US$0.024). About 88% of HC’s revenues were ... Read More »

Country Risk Climates: TRENDS TO KEEP AN EYE ON

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Argentina – the debt options are diminishing; Kyrgyzstan – a USD 500-million lure from Russia; Mexico – economic growth is picking up; Netherlands – the hardest-hit EU member under Russian sanctions; Slovenia – a new Finance Minister facing difficult challenges. BRAZIL: The accident that killed presidential candidate Campos has thrown the run-up to the October elections into disarray, upsetting the ... Read More »

9th World Consumer Credit Reporting Conference, Dubai UAE

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Registrations for the 9th World Consumer Credit Reporting Conference in Dubai are ahead of expectations. As a result, we are close to reserving all the rooms we requested at the Hyatt, especially those at the guaranteed conference rate for delegates coming in before Oct. 19, or staying after Oct. 21. The Conference agenda is set. Some of the timely sessions ... Read More »

Print Continues to Decline – Good News for Trees

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Traditional printing dipped slightly last year in USA while POD saw sharp decline.  This is bad news for printing industry and paper mills.  Good news for the environment Production of print books by traditional publishers in the USA slowed slightly in 2013, but non-traditional, mainly print on demand (POD), production saw a sharp dip. According to figures from Bowker, a ... Read More »

Internet Should Be Driving Indian SME Growth

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It is no secret that SMEs drive ecosystems.  The same applies for India.   There are nearly 48 million SMEs in the country who provide a variety of services or are engaged in the manufacture of intermediate and finished goods, collectively accounting for a sizeable share of India’s industrial output.  While the sector employs 40% of India’s workforce, it contributes only ... Read More »

China Finance Online Launches Web-Based Securities Trading Service Platform

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China Finance Online Co. Limited announced that it has launched China’s first independent web-based securities trading platform, “Zhengquantong (“Securities Master”)”, on the leading financial portals it operates, www.jrj.com and www.stockstar.com. Securities Master is the product of a new strategic partnership China Finance Online has entered into with the largest brokerage firm in China, CITIC Securities Co., Ltd. (SHA: 600030) (“CITIC”), to seamlessly integrate China Finance Online’s ... Read More »

How Big Should Your Campaign Budget Be?

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At the ClickZ Live conference in New York, Michelle Killebrew presented an interesting case study of an IBM campaign called Rethink Business. It got me thinking (or, should I say, rethinking?) about campaign budgeting. My question is: How do you set a budget for a multi-touch, multi-target B2B digital campaign like the one Michelle was describing? The short answer is: Spend as much as ... Read More »

BIIA Welcomes the Credit Reference Center, People’s Bank of China as a New Member

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BIIA is pleased to announce that the Credit Reference Center, the People’s Bank of China (CCRC) has joined the BIIA – Business Information Industry Association as a new member. The Credit Reference Center, the People’s Bank of China (CCRC) was established in March 2006. Its mandate is to establish, operate and maintain the national centralized commercial and consumer credit reporting system ... Read More »

Accounting Scandal Hits Alibaba’s New Film Company

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‘Big Deals are generally made in heaven’, meaning in clear text a particular deal is negotiated between principals, who are in a hurry and believe it they know all the facts.  Under such circumstances due diligence usually takes a back seat. Due diligence is now being questioned in the latest scandal involving Alibaba’s US$ 800 million acquisition of China Vision.  ... Read More »