China’s Ant Financial, the payment affiliate of Alibaba, has raised a total of $14 billion. It was a yuan and dollar-denominated tranches. Investors included Singapore’s sovereign wealth funds GIC and Temasek, Malaysia’s Khazanah Nasional Berhad and the Canada Pension Plan Investment Board. Private equity groups included Warburg Pincus, Silver Lake Partners and General Atlantic. Alibaba …
A bit more good news or upwards movement in stocks overall and Apple will be the first publicly traded trillion dollar company. It is at $957 billion today. Apple at $190 per share but at 198.5 it is a trillion dollar company. Brian Wangwww.nextbigfuture.com
T-Mobile US (NASDAQ: TMUS) and Sprint Corporation (NYSE: S) today announced they have entered into a definitive agreement to merge in an all-stock transaction at a fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share or the equivalent of 9.75 Sprint shares for each T-Mobile US share. Based on closing share prices on …
Telegram has already raised $1.7 billion from two private sales and will be able to raise billions more in private sales. Telegram may not bother to have a public ICO. Telegram is a cloud-based instant messaging service. Telegram client apps are available for Android, iOS, Windows Phone, Windows NT, macOS and Linux. Users can send …
Mobile payments are just one of seven key markets for China’s booming fintech industry. Fintech is short for “financial technology” and refers to the application of technology within the financial services industry. This is information from a Brookings Institution piece, authored by Wei Wang and David Dollar. Other areas include online lending, consumer finance, online …
Amazon.com, Berkshire Hathaway and JPMorgan Chase are forming an independent company, “free from profit-making incentives and constraints” to “provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost.” They say they’ll be “tackling the enormous challenges of healthcare and harnessing its full benefits.” While the initial focus will be …
There had been problems with the UI of the Nextbigfuture mobile site. Hopefully a recent upgrade has resolved those issues. Give it a try on smartphones and tablets and let me know if it is better. Thanks. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per …
Digital payments in China are processed by scanning QR codes at the point of sales which link to the customer’s bank account in China. China’s mobile payments were 58.8 trillion yuan in 2016. Xinhua News reported that consumers in China’s third-party mobile payment market spent a total of $3.46 trillion (23 trillion yuan) in mobile …
A Foresight Vision panel on brain, computers and intersections between them. David Eagleman, Robert McIntyre, Randal Koene, Nell Watson are on the panel. Robert McIntyre runs the company Nectome. In 2015, Aldehyde-Stabilized Cryopreservation (ASC), developed by Nectome founder Robert McIntyre, won the Brian Preservation Foundation’s Small Mammal Prize. David Eagleman is a neuroscientist and a …
A regular ultrasound machine costs over $100,000 but a new ultrasound on a chip device attached to smartphone will be $2000 in 2018. It will be portable and will eventually make ultrasound as common as blood pressure cuffs in hospitals, clinics and doctors offices and with first responders and field medics. Butterfly iQ is FDA …
CNET performed drop tests on the iPhone X and it broke on the first drop. The iPhone X is glass on the front and the back. The $1000 iPhone X can cost about $500 to fix the rear glass and a little less for the front glass. Brian WangBrian Wang is a Futurist Thought Leader …