Cloud and mobile commerce company Deem has raised $50 million in its latest funding round. The funds will go towards network growth, global expansion, and acquisitions. The latest news in China's food scandal saga is that Shanghai Husi Food, the U.S.-owned Chinese food supplier in the midst of it all, had faced claims last year over unethical work practices. Friday Latte will soon be incorporated under Spend Matters PRO, so enjoy your free procurement news column while you can (joking, joking, but do read David Wyld's column).
While there are major strategic implications for media companies and society as we turn into a culture of “free” news and information, there is one group of people that still expects to pay for their information: business executives. As companies look to cut costs by shifting from paid subscriptions to free sources of similar news and information, it is likely that they will find stiff resistance from executives. While moving to free news sources might make short-term financial sense, a recent study has found that executives around the world use and trust paid media in a way that produces value for themselves and their companies.