Regions
After 25 years, China revises down GDP growth to 7.3%
The growth rate of China's economy for 2014 has revised marginally lower to 7.3 percent from previous forecast of 7.4 percent. The drop in services sector weighed more on gross domestic product (GDP). According to the latest data from National Bureau of Statistics (NBS), the GDP stood at 63.6 trillion Yuan ($10 trillion) in 2013 and this was 32.4 percent lower than earlier projection. The latest data casts shadow over the Chinese government's target of seven percent for 2015.
Facebook Waits To Hit A Billion Users For Messenger Before Turning It Into A Meaningful Business
Investors have been asking about how Facebook's Messenger can earn more money. CEO Mark Zuckerberg revealed plans during the earnings call on how Facebook will bring more dollars to its recently acquired messaging app.
Zomato restaurant discovery acquired $60M funds; Introduces Whitelabel platform
Indian-based restaurant search app Zomato acquired $60M from Temasek Holdings and Vy Capital. The search app will use it to expand the business to other countries and to introduce other services like Zomato Whitelabel.
Disruptive technology destabilizes the economy as we enter the venture capital revolution
Analysts believe that, as we begin the age of venture capital revolution, disruptive technology draws majority of venture capitalists. But firms are becoming overwhelmed by high-tech innovations. That's the challenge venture capital is facing today.