Rocket Internet sells Foodpanda business

Rocket Internet has sold its mobile and online food ordering portal foodpanda to rival Delivery Hero for an undisclosed sum.

Berlin-based Delivery Hero was founded in 2011 by Niklas Östberg. The company said in its announcement that the purchase would increase its stake in the global online food ordering and delivery business. With the acquisition, the combined group will now be processing over 20 million orders per month across 47 countries.

Delivery Hero will also be able consolidate its market leadership position in the Middle East and will be adding 20 new countries in…

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Brocade aims to improve network visibility

Brocade has launched a new series of data center switches let organizations embed network visibility on every router and switch.

Brocade said the feature allows organizations to achieve pervasive visibility throughout the network to quickly identify problems, accelerate mean-time-to-remediation and improve overall service levels.

New automation suite also provide automated network provisioning, validation, troubleshooting and remediation workflows.

According to IDC, two-thirds of CEOs at Global 2000 companies will place digital transformation at the center of their…

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IMDA to ban 2G-only device sales from Jan 1

Singapore’s Infocomm and Media development Authority (IMDA) has announced it will ban the sale of 2G-only mobile devices from January 1.

After this time, retailers and equipment suppliers will not be allowed to sell 2G handsets for use in Singapore, the regulator said.

Suppliers with a dealer’s individual license will be able to continue selling the devices, but only for export purposes or overseas use.

The order applies to devices in the GSM900 and GSM1800 frequency bands, and covers other cellular devices besides handsets including POS terminals and M2M equipment…

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Philippines Senate plans major telco sector reform

A Philippines Senate committee plans next year to draw up legislation that would reform the nation’s telecommunications industry.

The Senate committee on economic affairs is considering reforms including granting more powers to regulator the National Telecommunications Commission (NTC), Rappler reported.

Another proposed change involves removing the 40% owner restriction on overseas investments in telecommunications ventures to allow foreign players to more freely operate in the market.

The committee is critical of the NTC’s recent decision to quickly review the…

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Ciena reports steady growth for fiscal Q4

Ciena reported its fiscal fourth quarter earnings this morning, offering its usual extra month of insight into the state of the market.

Revenues of $716.2 million were in the right range, and were up 3.5% over the same period last year.

The company saw steady improvement in its packet and converged packet-optical equipment revenues, a nice surge in software and related sales, and steady growth in its global services. The only line that saw declines was the one that should have, the legacy optical transport business.

Looking ahead, Ciena expects its fiscal first…

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Holiday price cuts boost smart home product sales

In the run-up to Christmas season, several vendors in the smart home market took advantage of the US Black Friday and Cyber Monday shopping frenzy to promote their products with price reductions and exclusive deals. This initiative to boost sales has helped the smart home industry to consolidate and gain ground in the mass market, making it a Merry Christmas for many vendors.

Price incentives boost sales in the smart home industry

The US Thanksgiving weekend (including Black Friday and its online counterpart, Cyber Monday) has long been regarded as the beginning of the…

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Starbucks, Tencent debut social gifting on WeChat

Starbucks Coffee Company and Tencent Holdings have entered an alliance to co-create a new social gifting feature on WeChat.

The new service, which will be rolled out early next year, will make it easy for Starbucks China customers to gift items to a friend or a family member.

Customers will be able to select from Starbucks-branded gifts and products and add a personalized message. Recipients of these personal gifts and messages can save their gifts and memories on their WeChat accounts and redeem their gift at Starbucks stores across China.

Users can use WeChat Pay…

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