Alibaba Group Holding Ltd. will invest 2.82 billion Hong Kong dollars ($360 million) in Chinese appliances maker Haier Electronics Group Co., as part of a deal between the two companies to form a logistics joint venture.
James Dyson is best known as the man who made vacuum cleaners sexy. In 1993, the Norfolk native launched the DC01, the world’s first bagless cleaner with cyclone technology, which lets users ogle their dirt as it’s sucked into the machine.
Recent Posts In Commerce
Clinkle, a secretive, much-hyped payments startup, plans to lay off somewhere in the neighborhood of 20 percent to 25 percent of its employees, or about 16 people, AllThingsD has learned. The move was led by former Netflix CFO Barry McCarthy — now Clinkle’s new COO — who wants to bring in more experienced staff. Fortune’s Dan Primack was the first to report the news.
Square this morning announced the release of its new Square credit- and debit-card reader, available now on Squareup.com and in the new year at partnering retail stores. The company said the new reader is almost half as thin as the previous one and should result in fewer swiping errors, while becoming compatible with more devices.