Qualcomm plunges money into restaurants

Stefan Mileschin · 23rd June 2015, 06:33

Every large multinational tech company has a VC arm, and Qualcomm is no exception to that rule. The money it invests is partly as a hedge to hide behind, partly a PR exercise to show it’s heard the 21st century mantra, “innovation” and sometimes it’s even related to technology a firm wants to push.

Qualcomm, like many other tech multinationals is seeking to diversify. And as part of this strategy, the firm has apparently put over $6 million into a Korean firm called MangoPlate.

MangoPlate is a service that helps you find restaurants.

According to the Korea Times, Qualcomm wants to help grow the Korean market and it believes that “food technology” has great potential for growth.

http://www.techeye.net/news/qualcomm...to-restaurants

23rd June 2015, 06:33	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,578	Qualcomm plunges money into restaurants Every large multinational tech company has a VC arm, and Qualcomm is no exception to that rule. The money it invests is partly as a hedge to hide behind, partly a PR exercise to show it’s heard the 21st century mantra, “innovation” and sometimes it’s even related to technology a firm wants to push. Qualcomm, like many other tech multinationals is seeking to diversify. And as part of this strategy, the firm has apparently put over $6 million into a Korean firm called MangoPlate. MangoPlate is a service that helps you find restaurants. According to the Korea Times, Qualcomm wants to help grow the Korean market and it believes that “food technology” has great potential for growth. http://www.techeye.net/news/qualcomm...to-restaurants

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