investment

US spending on broadband dropped for the second year in a row in 2016, a new report from industry association USTelecom indicates.

India’s leading e-commerce firm Flipkart is looking to raise up to $1 billion in its latest funding round, which could value the startup at $7 billion to $8 billion, The Financial Express reported.

App Annie, which provides analytics for app developers and publishers, secured $55 million in Series D funding as it capitalised on the strong progress it made during 2014.

US-based Qualcomm will invest $40 million in four Chinese mobile technology companies via its $150 million China strategic venture fund.

Chinese web giant Baidu is set to acquire a minority stake in car-booking app maker Uber Technologies, according to Bloomberg.

Yahoo is reported to be in talks with messaging app maker Snapchat about an investment that would reaffirm the start-up’s $10 billion valuation.

SoftBank is reportedly mulling an investment in Iusacell, Mexico’s third-largest mobile operator, which would represent the Japanese group’s first foray in Latin America.