TC Roundup: Alibaba looks more like GE than Google

20 May, 2014

Alibaba looks more like GE than Google: Alibaba, the Chinese internet titan that filed for an IPO in the U.S. last week, could be the largest tech IPO in history. But Alibaba doesn't look much like Facebook, Google, or even Amazon. Instead, it operates more like GE. (Harvard Business Review)

Wipro inks $400m deal with Takeda: India's third largest software services company Wipro Ltd has signed a multi-year, $400-million deal with Japan's Takeda Pharmaceutical Company Ltd in a significant boost to the Bangalore-based firm as it attempts to touch $1 billion in revenue from the health care business over the next two years. (Live Mint)

Telecom sector seeks new roadmap: Telecom operators have put out a five-point action plan for the new Government, primarily aimed at reducing levies and improving the financial health of the sector. (Business Line)

Yahoo spotlights Hollywood with online movie magazine:  Yahoo on Wednesday launched an online magazine for film lovers. Yahoo Movies debuted as the pioneering Internet firm continued to shed its online search engine past in favour of a future as a venue for premier digital content and services, particularly aimed at smart phones and tablet computers. (Business Line)

Maxx Mobile looking at PE players to raise up to Rs100 crore: Home-grown handset vendor Maxx Mobile is looking to raise between Rs50 crore and Rs100 crore from private equity players by September this year. (Business Line)

Facebook developing video chat app 'Slingshot':  Facebook Inc is developing its own video-chat app, known internally as Slingshot, after its failed attempt to acquire mobile messaging startup Snapchat, the Financial Times reported on Sunday. (Reuters)