The development will have short term consequences for SoftBank given its relation with Huawei; it will find it hard to replace the pre-existing Huawei network equipment that has been customized to its requirements and thus is not easily interchangeable. On Monday, Japan’s Kyodo News News reported, the three biggest telecom operators of Japan, do not…
The amount that is being raised falls short of the $25 billion mark that was raised by Alibaba Group Holding Ltd in its 2014 IPO. As per a regulatory filing, in what is slated as Japan’s biggest-ever IPO, SoftBank Corp has priced its initial public offering (IPO) at 1,500 yen per share; it will be…
The $159 million deal sees the Alibaba Group Holding Ltd upping its 49% stake to 51 and thus gaining direct control over its board. On Monday, Alibaba Group Holding Ltd stated, it will be increasing its stake in Hong Kong-listed Alibaba Pictures to 51%, up from its current 49%, and thus essentially take control of…
China has emerged as the prime suspect in the Marriott hacking attack case. Here’s the low-down on it. In a significant development of wide-reaching ramifications, sources familiar with the matter at hand have disclosed that clues left behind by hackers in the Marriott International Inc hack points to a Chinese government intelligence gathering operation. Last…
The probe comes midst George Soros labeling Facebook as a “menace to society”. The probe is aimed at finding out whether Soros shorted the company’s stock. Following a name calling by billion investor George Soros that Facebook is a “menace to society” Sheryl Sandberg, the social media’s Chief Operating Officer has requested a probe into…
Amidst fears that US executives would be targeted by Chinese authorities following the arrest of the CFO of Huawei – Sabrina Meng Wanzhou, in Canada at the behest of the United States, the employees – especially people in the management positions, of US technology giant Cisco, have been advised not to travel of China except…
Some of the most well known nutritional drinks in India are being purchased by Unilever ion its effort to enhancing its presence in the fast growing Indian market. Most of the India consumer healthcare business owned by GlaxoSmithKline (GSK) is being bought by this global consumer goods group which includes very popular beverage brands such…
According to the former head of intelligence agency GCHQ, if there is no proper regulation, it is possible that the social media platform Facebook could turn out to be a threat to democracy. In an interview with BBC, Robert Hannigan said rather than “protecting your privacy” and data, the interest of the social media giant…
After Australia and New Zealand, Chinese tech company Huawei would also not be allowed to participate in bids for offering technology for the core 5G network that is currently being developed by U.K. telecoms company BT. Any equipment that BT’s existing 3G and 4G networks belonging to the Chinese company would also be taken out.…
The fourth quarter of 2018 so far has been very bad for American International Group Inc (AIG) which is an amount of between $750 million and $800 million for losses because of natural catastrophe, said the chief executive officer of the company. AIG CEO Brian Duperreault said at the Goldman Sachs U.S. Financial Services Conference…
The strategic move will see the Chinese giant increase its footprint in the lucrative EU market. On Wednesday, Alibaba Group Holding Ltd stated it has signed an agreement with the Belgium government to launch an e-commerce trade hub. The move will include investments in logistics infrastructure. The strategic move is part of Alibaba’s Electronic World…
Verizon and Samsung Electronics Co Ltd are slated to launch 5G models in the first half of 2019. U.S. chipmaker Qualcomm Inc has unveiled a next generation mobile phone processor that will power 5G smartphones in the United States in 2019. The key feature of Qualcomm’s Snapdragon 855 chip, which was launched at an event…
