Although much of its core apps, including Google Search, email and appstore have been blocked in China, the launch of Caihua Xiaoge, a drawing game based on its image recognition technology, is aimed at gaining a toehold in the Chinese market. On Wednesday, in a development that underscores Alphabet Inc’s intention to re-enter China’s consumer…
With China’s Didi Chuxing Technology Co, launching its operations in Mexico in April 2018, Uber is under pressure to consolidate and expand its footprint in the remaining 11 Mexican states where regulations are not exactly friendly to ride-hailing services. In a move that marks Uber Technologies’ commitments to Mexico, the ride services firm disclosed it…
According to the largest aircraft maker in the world, within the next 10-15 years, China will surpass the United States in terms of air travel market which will induce a significant increase in demand for crafts, said Boeing’s commercial marketing chief, Randy Tinseth. The latest global industry report by Boeing claims that in the next…
The partnership will enable Wal-Mart to boost its online presence and tap into Microsoft’s repertoire of cloud services and advances in artificial intelligence technologies which could potentially enable it to provide customers at its brick and mortar stores cashier-less checkouts. On Tuesday, Walmart Inc, the world’s biggest brick-and-mortar retailer, disclosed it had entered into a…
In a landmark development that is aimed at streamlining, boosting efficiency and which introduces next-gen technology in the financial services sector, for the first time a government-led efforts along with players from the financial sector industry are collaborating to launch a blockchain-based trade and finance platform. The banking industry is known for its insistence on…
KKR’s investment will allow AppLovin to grow as it places systemic structures that will enable to become a public limited company. Private equity firm KKR & Co disclosed it will acquire a minority stake in AppLovin Corp for $400 million. The development comes in the wake of Washing forcing the U.S. mobile marketing firm to…
Didi Chuxing, which gained prominence in China after it bought Uber’s operation in China, is also diversifying in the food delivery services. According to several sources with direct knowledge of the matter at hand, China’s Didi Chuxing Technology Co Ltd, a ride hailing firm, aims to spin off its car services unit ahead of its…
The escalating US-China trade row could lead to potential damage of business, warned the head of US aerospace and defence giant Boeing. “Aerospace thrives on free and open trade,” said the company’s chief executive Dennis Muilenburg. Concerns that costs for aircraft manufacturers could be pushed up were expressed by him. “The aerospace sector drives economic…
Apple has tied up with Nobel peace prize winner Malala Yusafzai as the IT major will be collaborating with Malala Fund through its 10 Apple Developer Academies in Brazil for furthering opportunities for girls’ education. The Malala Fund is engaged in offering safe, quality secondary education and opportunities for girls and is now expanding into…
Their framework focuses on ways risks from crypto-asset markets could potentially spread to other parts of the global financial system. On Monday, global regulators published a framework for “vigilantly” monitoring risks from crypto-assets including ether and bitcoins. This is despite the fact that crypto-assets don’t pose any significant risk to financial stability, for now. The…
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