Here’s a well-earned retirement. Kazuo Hirai, the former CEO who spearheaded Sony’s turnaround in recent years, is leaving the company following 35 years of service, according to an announcement made today. Hirai became Sony CEO in 2012, replacing Sir Howard Stringer with a mission of bringing the good times back to the then-bloated electronics giant through […]
View More Kazuo Hirai, the former CEO who led Sony’s turnaround, is retiringCategory: CFO
Africa Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansion
Kenyan communications hardware company BRCK acquired the assets of Nairobi based internet provider Surf and its U.S. parent EveryLayer in a purchase deal of an undisclosed amount in February. Based in Nairobi, Surf is a hotspot service provider aimed at offering affordable internet to lower income segments. BRCK is a five year old venture that pairs its rugged WiFi routers […]
View More Africa Roundup: Kenya’s BRCK acquires EveryLayer, Nigeria’s TeamApt eyes global expansionNigerian fintech firm TeamApt raises $5M, eyes global expansion
Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app. Founded by Tosin Eniolorunda, TeamApt supplies […]
View More Nigerian fintech firm TeamApt raises $5M, eyes global expansion‘There’s no way the US can crush us,’ Huawei founder claims
Huawei’s founder has come out fighting against the U.S. government after he claimed that “there’s no way the US can crush us.” Ren Zhengfei, who founded the telecom company in 1987, doesn’t often make public statements, but, in a rare interview with the BBC, he defiantly claimed that Huawei’s business is growing stronger amid pressure […]
View More ‘There’s no way the US can crush us,’ Huawei founder claimsMozilla gets a new CFO
Mozilla, the not-for-profit behind the Firefox browser and other open source projects, today announced that it has hired Roxi Wen, the former CFO of display manufacturer Elo Touch Solutions, as its new CFO. Wen will replace former Mozilla CFO Jim Cook, who departed almost a year ago after 14 years with the organization. Wen joins […]
View More Mozilla gets a new CFOSnap CFO Tim Stone is resigning
Snap CFO Tim Stone is leaving the company, according to documents Snap filed with the SEC today. “Tim has made a big impact in his short time on our team and we are very grateful for all of his hard work,” Snap CEO Evan Spiegel wrote in a memo, obtained by TechCrunch, to employees. “I […]
View More Snap CFO Tim Stone is resigningHuawei reportedly punishes staff for New Year’s Eve tweet sent from an iPhone
As predicted, Twitter’s subtle new feature showing which clients tweets are sent from is already embarrassing brands. Following on from a Korean boyband sponsored by LG and Apple’s own Music staff, Huawei is the latest to be embarrassed after it sent a New Year’s Eve message using an iPhone. A since-deleted message included the embarrassing tell-tale […]
View More Huawei reportedly punishes staff for New Year’s Eve tweet sent from an iPhoneMove over notch, the hole-punch smartphone camera is coming
First it was the notch, now the hole-punch has emerged as the latest tech for concealing selfie cameras whilst keeping our smartphones as free of bezel as possible to maximize the screen space. This week, Samsung and Huawei both unveiled new phones that dispense with the iconic ‘notch’ — pioneered by Apple but popularized by everyone — […]
View More Move over notch, the hole-punch smartphone camera is comingTesla picks telco executive Robyn Denholm to replace Elon Musk as chairman
Elon Musk’s replacement as the chair of Tesla has been named and it is Robyn Denholm, an Australian executive who has been a director with the electric vehicle firm since 2014. Denholm is currently CFO of Australia-based telco Telstra and she’ll step into the breach once a six-month notice period is served, Tesla said in […]
View More Tesla picks telco executive Robyn Denholm to replace Elon Musk as chairmanNetflix CFO David Wells to step down
Netflix announced this morning its Chief Financial Officer David Wells would be stepping down from his role after helping the streaming service choose his successor. The company says it will be considering both internal and external candidates to fill the position. Wells has been with Netflix for fourteen years, and has served as CFO since […]
View More Netflix CFO David Wells to step downFreshworks raises $100M
Freshworks, a company that offers a variety of business software tools ranging from IT management to CRM for sales and customer support software, today announced that it has raised a $100 million funding round co-led by Sequoia and Accel Partners, with participation from CaptialG. The company’s last funding round came in the form of a […]
View More Freshworks raises $100MAlibaba beats forecasts with 61% growth and predicts more of the same for the next year
Alibaba is forecasting yet more growth for its business after it beat analyst forecasts with its fourth-quarter results. Revenue came in at 61.9 billion RMB ($9.9 billion), an increase of 61 percent year-over-year, which topped a 59.6 billion RMB prediction from analysts polled by S&P Global Market Intelligence. The company’s net income for the quarter did […]
View More Alibaba beats forecasts with 61% growth and predicts more of the same for the next year