Bloomberg Less than a year since the dramatic downfall of Carlos Ghosn, Nissan Motor Co is losing another leader. Chief Executive Officer Hiroto Saikawa was asked by the board to step down by September 16. He’ll be replaced by Chief Operating Officer Yasuhiro Yamauchi until a permanent replacement is named by the end of October. With Saikawa felled by a ...

Bloomberg Peter Thiel’s venture capital firm is investing $45 million into Glance, an Indian technology startup that uses artificial intelligence to personalise content for smartphones. Mithril Capital, co-founded by Silicon Valley investors Thiel and Ajay Royan, is putting in the money as part of a larger financing round, according to a statement. Glance is part of InMobi Group, a mobile ...

Bloomberg Jack Ma is giving up the reins of Alibaba Group Holding Ltd after presiding over one of the most spectacular creations of wealth the world has ever seen. The former English teacher steps down as executive chairman of China’s largest company on his 55th birthday after amassing a $41.8 billion fortune — a trove surpassed only by India’s Mukesh ...