Investor appetite in Hong Kong for Xiaomi’s stock is low due to a range of reasons which include overall market sentiments, Xiaomi’s valuation of the stock in comparison to its peers, and the fact that investors see it as a hardware firm as opposed to a hardware and internet services firm. Shares of Chinese smartphone…
In what is likely to be a part of Beijing’s strategic “Made in China 2025” policy, China is pushing automakers to focus on improving the technology in next generation cars rather than rely on its subsidies to meet sales targets. On Friday, as per a report by Bloomberg citing anonymous sources, Beijing is considering a…
According to Jalopnik, an auto news website, the latest investigation was prompted by a complaint from one of the automaker’s employees at the plant. Following a complaint, California’s Occupational Safety and Health Administration (Cal-OSHA) stated, it has opened a third investigation into Tesla Inc’s factory in Fremont, California. This latest case was opened on June…
Singapore’s antitrust regulator, the Competition and Consumer Commission of Singapore (CCCS) has threatened Uber Technologies and Grab that it could potentially unwind their deal unless its proposed remedies, or any further remedies, have sufficiently been able to address competition concerns and are practically implementable. On Thursday, in a blow to the Grab-Uber deal, Singapore’s antitrust…
In recent weeks some of the biggest companies operating in Britain have been critical of a lack of clarity in Brexit’s outcome. On Thursday, Jaguar Land Rover, Britain’s biggest carmaker stated, if the negotiations between Britain and the European Union were to result in a so-called “hard Brexit” it would cost it $1.59 billion (1.2…
The ongoing battle between Comcast Corp and Walt Disney Co over control of Tata Sky, an Indian pay TV network, as part of their fight for Twenty-First Century Fox Inc, is indicative of the growth potential of the country’s more than 1 billion viewers. Upping the stakes against its peer, Amazon Prime, Netflix Inc premiered…
Although these negotiations are only exploratory in nature, according to sources, they are a pointer to Uber’s intention of expanding its market to the Middle-East. As per a Bloomberg report which cites 3 sources familiar with the matter at hand, Uber Technologies is in preliminary talks with its Middle Eastern ride-hailing services rival, Careem to…
ZTE’s U.S. ban has resulted in the Chinese firm losing $11 billion in market valuation. However, from Jefferies had placed a buy rating on its stocks on the Hong Kong stock exchange. In a significant development, ZTE Corp has received a temporary reprieve from the U.S. Commerce Department’s Bureau of Industry and Services government. The…
While the automotive industry typically takes years of planning to place its assembly lines, Tesla accomplished the task in 2 weeks. According to an employee from Tesla Inc, the carmaker’s CEO Elon Musk, is doing all he can, even if it is disrupting the production of the Model S and X, in his drive…
The israeli startup uses advance mathematics in machine learning and artificial intelligence technologies to help financial institutions identify the earliest signs of money laundering. On Tuesday, Israel’s ThetaRay stated, it has completed a funding round in which it raised more than $30 million, bringing the total amount it raised to date to more than $60…
business-gurus.com 