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Xiaomi passes Apple as the world’s second-largest smartphone maker behind Samsung

By Duncan Riley Jul 29, 2021

Chinese phone manufacturer Xiaomi Inc. has surpassed Apple Inc. to become the world’s second-largest smartphone maker, with Samsung Electronics Co. Ltd. maintaining its market lead in the second quarter. The latest global smartphone sales…

Emerging Tech

Didi denies that it is going private to placate authorities in China

By Duncan Riley Jul 29, 2021

Chinese ride-hailing giant Didi Global Inc. today formally denied a report from The Wall Street Journal that it was planning to take the company private to placate authorities in mainland China. The report claims…

Cloud

Qualtrics buys Clarabridge for $1.125B to pair survey feedback with sentiment analysis

By Mike Wheatley Jul 29, 2021

Two giants of the experience management software world are joining forces, with Qualtrics International Inc. announcing its intent to acquire rival firm Clarabridge Inc. today in a deal valued at $1.125 billion. Qualtrics, which was…

Security

Fortinet shares drop despite strong earnings

By Duncan Riley Jul 29, 2021

Shares in Fortinet Inc. dropped slightly in after-hours trading today despite the company reporting strong results in its second-quarter earnings. For the quarter ended June 30, Fortinet reported revenue of $801.1 million, up 30% from…

Cloud

Twilio beats expectations again, but slowing growth worries investors

By Mike Wheatley Jul 29, 2021

Cloud communications firm Twilio Inc. saw its stock fall in after-hours trading today on concerns over its profitability and slowing growth rate, though its earnings and revenue for the last quarter topped expectations. The…

Cloud

Atlassian’s cloud pivot pays off as profit, revenue and customer base all jump

By Mike Wheatley Jul 29, 2021

Collaboration and development software vendor Atlassian Corp. Plc. is flying high today after posting fiscal fourth-quarter earnings and revenue that topped estimates and issuing a strong forecast for the next fiscal year. The Australian…

Cloud

Despite strong cloud growth, Amazon shares fall on revenue shortfall and lower guidance

By Robert Hof Jul 29, 2021

Despite higher-than-expected cloud computing revenue growth, Amazon.com Inc. saw its shares fall about 7% in after-hours trading on a second-quarter revenue shortfall and lower-than-expected guidance for the current quarter. For much of the past…

Cloud

AWS makes IoT SiteWise Edge generally available to power industrial data projects

By Maria Deutscher Jul 29, 2021

Amazon Web Services Inc. today announced the general availability of AWS IoT SiteWise Edge, a tool that helps industrial companies process sensor data from their equipment to perform tasks such as detecting technical issues.…

Cloud

Coralogix raises $55M to help companies monitor their IT infrastructure

By Maria Deutscher Jul 29, 2021

Information technology monitoring startup Coralogix Ltd. today announced that it has closed a $55 million funding round led by Greenfield Partners to expand product development and go-to-market activities. The investment comes a little less…

Blockchain

Livepeer raises $20M for blockchain-based livestreaming

By Kyt Dotson Jul 29, 2021

Livepeer Inc., a decentralized video streaming network built on the Ethereum blockchain, today announced it raised $20 million in funding led by Digital Currency Group. The Series B funding round was joined by Coinbase…

explore news

Xiaomi passes Apple as the world’s second-largest smartphone maker behind Samsung

Didi denies that it is going private to placate authorities in China

Qualtrics buys Clarabridge for $1.125B to pair survey feedback with sentiment analysis

Fortinet shares drop despite strong earnings

Atlassian’s cloud pivot pays off as profit, revenue and customer base all jump

Livepeer raises $20M for blockchain-based livestreaming

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