A British tech entrepreneur has had his vision backed by a further $20.7m of US money, writes Andrew Bounds. Dan Wagner’s Powa group is developing a “revolutionary” ecommerce system that will allow customers to buy and order a product by photographing it with a smartphone.
PowaTag has attracted $96.5m in total, mainly from Boston-based fund Wellington Management, for around a quarter of the business. Read more
There was little evidence in the products at this week’s Consumer Electronics Show in Las Vegas that the PC industry is finding its way out of its funk, although latest figures on industry sales released overnight show the PC’s decline could be bottoming out.
2013 saw the worst decline in PC market history, according to the Gartner research firm, with shipments down 10 per cent on 2012 at 316m units. Read more
Here’s a much-anticipated feature from Facebook that marketers may love, if not its users.
The online social network has just announced it is beginning to test a video format for advertisers, where videos will begin playing as users scroll down to them in their news feeds. Clicking on them will turn on the sound. Read more
A bitcoin start-up has bagged fresh investment from one of Silicon Valley’s best-known venture capital firms.
Coinbase, which provides online bitcoin accounts, said on Thursday that it secured $25m in a round of fundraising that was led by Andressen Horowitz, writes FastFT. Read more
Shares in Hong Kong-traded Chinese electronics giant Haier are soaring, thanks to Alibaba.
FastFT reports that Haier said earlier Monday it had teamed up with Alibaba to develop its logistics business. Read more