The joint venture is aimed at coming up with solutions and implementing breakthroughs in advanced technologies. On Tuesday, in a joint announcement China’s Tus-Holdings along with Russia-China Investment Fund (RCIF) stated they plan on a joint tech collaboration which will see them investing $1.28 billion in Russia’s Tushino Project Technology Park. In its statement, RCIF…
With online video games being Tencent’s cash machine, their shuttering is likely to impact its revenues. On Monday, Tencent Holdings stated, it will discontinue Texas Hold’Em poker video game from its market place. The move is aimed at complying with Chinese laws with Beijing intensifying its scrutiny over the gaming industry. Tencent stated it will…
The deal, which completed last week, has resulted in the creation of a new company – Interstellar. Interstellar’s product portfolio is set to include StellarX, a recently announced marketplace for trading assets on Stellar. On Monday, according to a statement by Lightyear Corp’s Chief Executive Officer Adam Ludwin, it had acquired San Francisco-based tech start-up…
Imran Khan, Snap Inc’s Chief Strategy Officer is set to step down. His last day of working has yet to be disclosed. On Monday, Snap Inc statement its Chief Strategy Officer, Imran Khan, would be stepping down from the company. Khan became Snap’s Chief Strategy Officer in 2015. His last date of working for Snap…
Under Jack Ma’s stewardship Alibaba grew into an e-commerce giant that it is today. Jack Ma, Alibaba Group Holding Ltd’s executive chairman and co-founder, who is also one of China’s best known corporate leaders, is set to retire from the e-commerce giant. The former English teacher now plans on focusing on philanthropy in education. As…
Disposing off unsold products by burning them down is a practice in the luxury companies that is practiced widely but rarely discussed. The aim of such a drastic tactic is to uphold the scarcity of their goods and increase the brand exclusivity. Luxury companies also claim tax credits for burning off their inventory in countrie3s…
The increase in the number of ultra-rich people in Asia has forced New York from its leading position as the city that has the largest number of ultra-rich people. A new report states that New York was over taken by Hong Kong to become the city that is home to highest number of people who…
After a series of violent protests in Germany, the employees of Siemens are being urged to speak up by the company. In a letter sent to its 4300 employees in the Saxony state of Germany, the global engineering company urged its employees to fight the xenophobia prevailing there at the moment and thereby uphold the…
An Israeli company has announced that it has been able to develop a chip technology that can serve as a universal solution to the self driving car industry. The company called Autotalks based in Kfar Netter in Israel, is a firm that is engage din the development of technologies that aid in automatic communication between…
Addiction to online gaming has become an addiction in China – the world’s biggest gaming market. Chinese authorities have begun cracking down on this addiction by limiting gaming hours to under-aged played. With the Chinese government focusing on ways to tackle gaming addiction, Tencent Holdings, China’s biggest gaming and social media company, stated it will…
business-gurus.com 