The most revered auto industry association in China said on Tuesday that there was a drop of 13.9 per cent in the sale of automobiles in China for the month of November compared to the same period a year earlier. This denotes the largest drop in the sale of number of auto units since more…
The Australian government wants to impose a number of strict restrictions on U.S. tech giants to curb their influence as suggested by a government review report. The report that was published by the Australian Competition and Consumer Commission (ACCC) suggested that that the government should create a watchdog which would be exclusively tasked with regulation…
According to media reports, the embattled Chinese tech giant Huawei has informed the British government that it would be expending about $2 billion in the country as it tries to dissuade fears among the British authorities related to its security as raised by the British government in a report earlier this year. The reports are…
The appointment, effective immediately, sees Vishah Shah replacing Adam Mosseri who became Instagram’s head in October 2018. Facebook Inc’s owned photo-sharing app Instagram stated, it has promoted Vishal Shah, its director of product management, as the head of product, effective immediately. The position was earlier held by Adam Mosseri, who was appointed as Instagram’s head…
The strategic move places Uber in direct competition with venture-capital backed startup Citymapper. On Tuesday, as per a report from the Financial Times which cites source familiar with the matter at hand, Uber Technologies Inc plans on integrating the bus and Tube timetables of Transport for London. The development will place Uber in direct competition…
As per SQN Investors, the slow pace of innovation at Yelp has enabled its peers to narrow its lead. Further, in the last several quarters, Yelp’s performance was dismal with revenue expansion dipping below 2%. SQN Investors LP, a hedge fund which has built a substantial holding in Yelp, has called for an overhaul of…
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…
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…
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