Rhea LiuChen Ou, CEO of Jumei.com, disagreed with the opinion that a winter for entrepreneurs is coming and expressed confidence in entrepreneurship at a forum held by venture capital fund Zhen Fund last Thursday, reported Sina Tech.Chen Ou, 31 years old, was once featured in Forbes magazine as a promising CEO.He founded Jumei.com, an e-commerce platform known for selling cosmetics and makeup.Jumei.com debuted on the Nasdaq last May at USD 22 per share.Xu Xiaoping, one of Jumei s angel investors said profits have increased 800 percent in 4 years.Following the downturn of the Chinese stock market in August, investors have become more wary of investing in once popular Internet businesses.Some critics have warned of a so-called winter for entrepreneurs approaching because many startups have since crumbled with the break in the capital chain.Chen Ou, however, holds a different opinion.High valuations are always accompanied by protective provisions.Protective provisions might not hinder a company when it is able to maintain financial stability, but will likely harm a company if it faces the prospect of a great decrease in valuation or possible acquisition.
nokian tyres ' foreign ownership has risen in two years to more than 15 percentage points to almost 80 per cent of all shares.the Figure includes foreigners and nominee-registered holdings.listed companies with foreign owners, the share is higher only city con, Nokia and afarak's.Nokian Tires are revolved from time to time takeover speculation.the ring of the company's previous chief executive Ari Lehtoranta said over a year ago, the trade press, in the low stock market price to increase the takeover risk.the Risk of invasion would rise to the company's stock price approaching 20 million.
ECB governing council member Ewald Nowotny hinted recently that interest rate hikes could begin deposit interest rates before the bond-buying program ends.market interest rates are twitch have significantly in the united states and subsided in upwards also in Europe.the Old continent, the German government bond yield to press their safe haven nature.instead, the political risk of the stamp by the French ten-year rate has climbed as high in a year from 0.6% to 1.1%.rising Interest rates affect the shares of the two routes.accordingly, the shares look previously more expensive, as investors discounted the listed companies in the future cash flows at a higher interest rate.
Stillfront CEO Jörgen Larsson is pleased with the first quarter. In April, the company stated that it intends to acquire development studios for a total of 50 million. On Wednesday reported Stillfront that the company's turnover rose to 25 million in the first quarter, an increase of 113 per cent against the beginning of 2015. Adjusted for non-recurring items, operating profit, measured as EBITDA to 10 million, compared with 4.8 million in last year's first quarter. Shortly after the stock market opening had Stillfront rate has risen by 10 percent. The positive development is primarily based on the success of our German studio Bytro and Swedish Cold Wood, not least because of the acclaimed game Unravel, says CEO Jörgen Larsson.
photographer: Kuka Chinese household machine Midea want to take over the German giant robot Kuka, and pay well for the shares. Already the rumors of the offer on Tuesday, the price of KUKA shares at 84.41 euros. The Chinese now offer 115 euros per share, according to the German stock market analysts evaluates Kuka to 4.6 billion euros. Largest shareholder today Voith Group, which owns 25.1 percent of shares. Midea is in China, a famous manufacturer of household appliances like air conditioners, washing machines and refrigerators. Earlier this year, Midea is the largest shareholder of Toshiba's consumer electronics department, a purchase worth around four billion.
Now, Talk It Over: On your anniversary, you want to remember the good times that got you to where you are today.You probably don t want to feel forced into spending time with someone you don t really feel like hanging around with.Well, that s kind of what Facebook Chief Executive Mark Zuckerberg was faced with Wednesday.See, Wednesday marked the fourth anniversary since Facebook held its IPO and became a publicly traded company.On this day in 2012, Facebook went public at $38 a share.And in order to ensure whatever comes out of Handler s mouth is understood as much as possible, Netflix has hired more than 200 translators to handle the 20 languages in which Chelsea is being streamed.It s too early to say if Handler s humor will cross all those international borders no matter how well Netflix s translators do their jobs.The company will offer up $1.4 billion of its shares, and the rest will come out of the portfolio of Chief Executive Elon Musk.Tesla is banking on the $35,000 Model 3 to spur its next phase of growth, as the company has set a target of producing 500,000 cars a year by 2018.Cisco Comes Out On Top: Cisco Systems reported its fiscal third-quarter results after the stock market closed Wednesday, and investors liked what the networking-equipment maker had to say.Cisco reported a profit of 46 cents a share on revenue of $12 billion.Apparently, a bunch of people thought Lively s use of one of Sir-Mix-A-Lot s lines from his 1992 hit Baby Got Back showed racial insensitivity.
View photosMoreRepublican U.S. presidential candidate Donald Trump poses for a photo after an interview with Reuters in his office in Trump Tower, in the Manhattan borough of New York City, U.S., May 17, 2016.In a Reuters interview, the New York billionaire said technology start-ups that had never earned a profit were able to sell shares at very high prices, likening the situation to the overheated stock market in 2007."I'm talking about companies that have never made any money, that have a bad concept and that are valued at billions of dollars, so here we go again," Trump said.Some startup founders rejected Trump's generalization that all companies are burning cash and overvalued; certainly many of them are, and in the last several months a correction has started to rectify years of exuberant investments."So far he has been saying dumb things but they seem to be getting dumber and dumber," Vivek Wadhwa, an entrepreneur and Stanford University fellow, told Reuters."There is nothing in his Trump's track record to show that he has been out here and met with any technology leaders and knows this industry and knows about innovation," said Aaron Ginn, co-founder of the Lincoln Initiative, a community that promotes libertarian and technology-friendly values.
For investors in Taiwan s $841 billion stock market, Tim Cook matters more than Tsai Ing-wen.While the ascension of independence-leaning Tsai to the presidency on Friday has sparked concern relations with China will deteriorate, JPMorgan Asset Management and BlackRock Inc. say the bigger risk is the slowdown in the global smartphone business.Apple reported its first quarterly sales decline in 13 years, with Chief Executive Officer Cook acknowledging on April 26 that -- nine years after the iPhone s game-changing debut -- the market had stopped growing.Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry Co. both reported falling profit last quarter.Investor confidence in Taiwan s stock market reflects "export demand, and by far the dominant export demand factor is electronics and Apple in particular," said Howard Wang, Hong Kong-based head of greater China for JPMorgan Asset Management, which managed $1.7 trillion as of March 31.Pegatron Corp., which assembles iPhones, missed profit expectations and said April sales dived 16 percent.TSMC, one of the largest manufacturers of the application processors that are a mobile device s brains --- cut its 2016 smartphone demand forecast in April.In March, Chinese President Xi Jinping vowed to "resolutely contain Taiwan independence secessionist activities in any form," a warning to Tsai s incoming government.The Communist Party considers the island a province, even though it has been governed separately for more than 66 years, and reserves the right to use force to prevent it from moving toward formal independence."Taiwan having a government that s uninterested in unification with China is nothing new," Chou said, referring to two former presidents who leaned toward independence.She will focus on economic and social issues."
SINGAPORE—A venture-capital firm launched last year by Facebook Inc. co-founder Eduardo Saverin and a partner has raised more than $143.6 million in the first close for its first fund, according to a regulatory filing Thursday.B Capital Group, which was founded in 2015 by the Brazilian-born Mr. Saverin and Raj Ganguly, a veteran of private-equity firm Bain Capital LLC, said in a document reviewed by The Wall Street Journal Thursday that it sees promising opportunities to invest in innovative tech firms around the world, not just in traditional hot spots like Silicon Valley.The fundraising comes as some venture capitalists are starting to curtail funding in Asia amid weakness in the global economy, worries over China s volatile stock market and talk of a bubble in the U.S.The World Bank in January said that India, which is home to some 1.3 billion people, will be the world s fastest-growing developing economy until at least 2018.B Capital Group also said in a document reviewed by The Wall Street Journal that it had already invested undisclosed amounts in its first two portfolio companies.Mr. Ganguly declined to comment on the size of the Ninja Van and Evidation investments, or on a possible time frame for investing the new funds.
On Wednesday, before the stock market opened in New York, Goldman Sachs analyst Patrick Archambault upgraded shares of Tesla.Archambault put a "Buy" rating and a $250 a share price target on the stock because of what he sees as the market's failure to "fully capture the company's disruptive potential."On Wednesday, after the market closed in New York, Tesla said it would sell $2 billion worth of stock, $1.4 billion of which would be issued by the company.Tesla CEO Elon Musk would sell $600 million worth of stock to meet a tax obligation related to his buying even more Tesla stock."This would, however, be a breach of what the banks call a "Chinese Wall," or a separation of various divisions that could come into conflict one another.Research and investment banking are examples of divisions that could create a conflict of interest and between which there exists said wall — meaning that research analysts don't know who investment banks are doing deals with and investment banks don't know what analysts think of companies outside of published research.In an email to Business Insider, Goldman Sachs said: "Our Research is independent.As a result, investors buy.This report is delivered just as Goldman's sales force is about to hit the phones to push $1.4 billion of those very shares for a nice fat fee for Goldman and a dilutive hit to the shareholders.So then there are investors who, based on Archambault's note, bought the shares in the morning only to learn by that afternoon that Goldman would have a hand in diluting their newly acquired ownership stake.And the popular view says Goldman knew this was going to happen the whole time.There's an additional potentially uglier mess if you also think Goldman clients were told by Goldman sales-trader types not to buy the stock on the upgrade: What did they know, and so on.But analysts aren't really the problem hereA big problem here is that Goldman can't save itself from itself.Publishing a positive opinion on a company Goldman was about to do investment-banking business with — in order to secure more fees from said business — is a very public hill to die on.The firm can't have some sort of compliance middleman stop the publishing of Archambault's note without the Chinese Wall effectively coming down.Here's the conversation you can't have:Patrick, you can't publish that note upgrading Tesla until after the market close on Wednesday.Why?You just can't.Obviously, at this point, Archambault would know something is up, and considering everyone knew Tesla was going to tap the capital markets to raise cash — Elon Musk said as much on the company's most recent earnings call — Archambault would know it was this thing.And since his note deals extensively with Tesla's likely capital needs going forward — Archambault estimated Tesla needed to raise $1 billion, about $400 million less than the company tapped the market for — the whole piece of work is compromised.But I guess to my mind this all just seems like something that ought to be avoided, right?We're about five years past Occupy Wall Street and almost eight years past the collapse of Lehman Brothers.NOW WATCH: THE STORY OF GOLDMAN SACHS: From foot peddlers to a powerhouseLoading video...
"The more we learn about the balance sheets of Americans, it becomes quite alarming," said Caroline Ratcliffe, a senior fellow at the Urban Institute focusing on poverty and emergency savings issues.Lack of savings can lead to homelessness, or other problems."The challenge for many often come from economic forces beyond their control such as a dip in the stock market that threatens their job or an unexpected medical bill, risks that have shattered the confidence of most in the broader U.S. economy.Thirteen percent would skip paying other bills, and 11 percent said they would likely not pay the bill at all.The AP-NORC results also correlate with a 2015 study by the Federal Reserve in which 47 percent of respondents said they either could not cover a $400 emergency expense or would have to sell something or borrow money.In the poll, 21 percent of Americans say they would strongly consider the option of putting the unexpected $1,000 bill on a credit card to be paid in full when their statement came due.
REUTERS/Shannon StapletonNEW YORK Reuters - Some of the best deals at big retailers like Macy's, Staples and Gap are not in their stores but on the stock market: their dividends are through the roof.After a Wall Street selloff hit shares of stores that turned in weak earnings for the latest quarter, the companies are sporting yields at historically high levels.Weak first-quarter results for some retailers have raised fresh fears about their ability to compete with Amazon and other online sellers.Charles Sizemore, who focuses on dividend stocks as chief investment officer of Sizemore Capital Management in Dallas, said he owns and is bullish on shares of Wal-Mart and Target , both yielding roughly 3 percent and with histories of raising their dividends."Retail is volatile because consumer tastes change, and the entire sector is undergoing a structural change because of e-commerce."Coach , for example, has a coverage ratio just under 1, as does Abercrombie & Fitch Co .
After being the darling of Wall Street last year, Netflix hasn't had a pleasant 2016 in the stock market, which has brutalized it to the tune of -22% year-to-date.Hedge funds, in particular, have made big bets that Netflix will fall, according to a new report by Goldman Sachs.The report tracks the 2016 Q1 activity of 841 hedge funds, and shows that they have large short positions on Netflix.The report pegs the value of short interest at $3.4 billion as of April 29, representing a whopping 9% of float the amount of shares readily available for trading .International doubtsWall Street confidence in Netflix was shaken by its latest quarterly report on April 18, which showed strong results for the first three months, but put out an international subscriber growth estimate for Q2 that was well below Wall Street targets.After Netflix s 130-country launch in January, which put it in every major market except China, international subscriber growth has been the key metric on Wall Street s mind.It beat Wall Street expectations for Q1, adding 4.51 million subscribers internationally versus Wall Street estimates of 4.49 million.But a source of concern has been the small library of content that Netflix has in certain newly launched countries.And last month, UBS estimated that Netflix was seeing mixed results in its new markets, with some like India and South Africa doing well, and others lagging, like Russia and Turkey.Netflix's company narrative had focused on its compelling original content as a strength internationally, since the licensing is much simpler.The company will release 600 hours of original content this year, including 31 original shows.In its quarterly letter to shareholders, Netflix blamed some of the shortfall in its international-subscriber growth forecasts to issues related to last year s anomalous Australia/New Zealand launch.Additional reporting by Bob Bryan.NOW WATCH: Reruns on cable are not the same as the originals — check out these differencesLoading video...
Executives at O2 are considering the operator's next move after a planned £10.25bn buy-out was rejected by the European Commission, with a stock market float possibly emerging as the preferred option.The deal, which would have seen Three owner Hutchinson Whampoa buying the network, was blocked by Competition Commissioner Margrethe Vestager, who decided that UK mobile customers would have less choice and pay higher prices as a result of the take-over.City A.M. and the Irish Independent have both cited sources saying that a stock market floatation is being "strongly" considered.However, O2 is also receiving offers from private equity firms, including KKR, TPG, Bain Capital, Apollo, CVC Capital Partners and Apax Partners, according to the Telegraph.He said that a buy by Liberty Global, the owner of Virgin Mobile, was also a possibility, especially considering that Liberty Global bought Belgian operator in Base in 2015."For the time being, Telefonica, under its new chief José María Alvarez-Pallete, may elect to hold on to an asset that in recent years has impressively outperformed rivals despite its uncertain future," said CCS Insight's Mann.
While Samsung is better known for its consumer electronics, the conglomerate has plowed billions of dollars into the biologic drug industry in the past five years, betting that growth in the field for complex drugs will help it offset a slowdown in Samsung s mainstay businesses such as smartphones and semiconductors.Samsung Bioepis s FDA application comes as the company s planned initial public offering on the Nasdaq Stock Market NDAQ -0.08 % in the first half of 2016 remains on ice, halted amid market volatility at the beginning of the year.Meanwhile, its subsidiary Samsung Bioepis is developing its own biosimilars of existing drugs whose patents have expired or will expire soon, including Enbrel and Remicade.The FDA has approved only two biosimilars so far, including a knockoff of Remicade developed by Celltrion Inc., 068270 0.21 % whose headquarters in Incheon, South Korea is a short walk from Samsung Bioepis s offices.In all, the FDA received seven biosimilar drug applications as of September last year, according to a February report commissioned by the regulatory body.Samsung Bioepis is 91.2% owned by Samsung BioLogics, which is in turned 47% owned by Samsung Electronics Co. and 51% owned by the conglomerate s de facto holding company Samsung C Corp. 028260 0.42 % Earlier this month, Samsung BioLogics filed an application for an initial public offering on South Korea s main stock exchange, which analysts say could raise billions of dollars.
Conflicting reports have been circulating as to whether Nintendo is working on a new handheld device alongside development and production of the Nintendo NX.The reports debate the meaning of an investor note reported by a Japanese stock market publication.If true, it would be the first mention of a second new piece of hardware being developed by Nintendo.Traders.co.jp via industry analyst ZhugeEX reported an investor note from Morgan Stanley which mentions a "next-generation portable game machine" given the tentative name "MH" while discussing Nintendo's falling stock price.A rough translation of the original report from Twitter user bk2128 reads: "By doing things like changing money order premises, forecasts from FY March 2017 to FY March 2020 are being revised downwards.The driving force for economic growth has been switched from previous new businesses like 'Health service, Theme park & Mobile games' to the next generation game console NX and next generation portable game console MH Tentative title .
Doldis Company Quick Spin has been acquired by publicly traded gaming giant Playtech. The Stockholm-based game studio Quick Spin had sales of 61 million last year and made a profit of almost 13 million, but is nevertheless something of an unknown in the Swedish gaming scene. Quick Spin has developed more than 20 different games, among them a kind of virtual slot machines. Mats Westerlund and Daniel Lindberg has worked on listed gaming company Net Entertainment, which has been one of the recent stock market rockets. The purchase price will be paid on two different occasions, at first get Quick Spin SEK 223 million - the remaining amount is paid at later times based on the progress of the company. Quick Spin is a fast growing company and a leading provider of gaming with the highest quality ... We look forward to working with Quick Spin and see the brand grow in the Playtech family, said Playtech CEO Mor Weizer said in a statement.
Whether Spotify will the stock market is a question that has been supported countless rounds in the media in recent years. Last year, insured co-founder Martin Lorentzon that Spotify would not to the exchange. Now it appears that Spotify was in fact close to an IPO in 2014, but then shot the plans for the future. In 2014 adopted Spotify to a business - in the form of an IPO, an acquisition of a competitor or to continue as a private company - would occur between six months and three years in the future, that is, later than in 2017. When Spotify took in its latest financing round in March indicated the company that a listing would occur within two years, according to the WSJ, then later during the 2018th It was attributed to last year, a probability of 60 percent, according to the annual report, against 65 percent in 2014.
The Chinese government was signaling new openness to startups going public domestically—something it had long made difficult—while those tech stocks that were already listed in China had been among the best performers in a stock-market boom in the first half of 2015.Without the anticipated listing changes, some investors and bankers are rethinking valuations for Chinese startups because the path to cash out their investments is less clear.Out of 2,802 companies listed on Shanghai and Shenzhen stock exchanges last Friday, 1,883, or 67%, are manufacturers, and only 162 are in software and information technology, according to the exchanges websites.Since the government made innovation and entrepreneurship a key national policy, many people rushed down the road only to find there s no exit out , says Hu Yanping, founder of independent think tank DCCI, or Data Center of Chinese Internet.It will be increasingly hard for many startups to get funded in later rounds, says Ruby Lu of venture-capital firm H Capital.If they cannot find an M path, they will fold when they run out of money.
Di Digital / New York World riskapitalbolag may have taken somewhat of a break when it comes to investments in technology companies, but Fintech has proved to be an exception to the rule, said Warren Mead, which is responsible for analyzing Fintech at KPMG. Consulting and auditor giant lies with the US research firm CB Insights behind a fresh grasnkning of financing will in the matter. It states that a total of $ 5.7 billion, ie 47.4 billion kronor was invested in the sector only during the first three months. The latter is based in New York and had long been a Swedish technology officer of Fredrik Nylander. It did not stop investors from investing further 3.3 billion to the innovative insurance business is primarily addressed to the residents of New York and New Jersey. Recent events and developments in the stock market makes us funding to build Fintech company will be more difficult to implement in 2016, says Arnand Sanwal.
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