This is the biggest investment to date by an automaker in the global ride-hailing sector. On Wednesday, Toyota Motor Corp stated it has agreed to invest $1 billion Grab, a Southeast Asian ride-hailing firm, as its lead investor in its current funding round which was launched after it bought Uber Technologies’ regional business. Toyota’s move…
The new cyber security law – a double edged sword – can be used to combat cybercrime, it can also be used to tackle online dissent. On Tuesday, in a move that further consolidates the government’s powers over internet content in Vietnam, the country’s lawmakers approved a cybersecurity law that tightens control of the internet…
According to Japanese financial daily the Nikkei, 80 million new model iPhones is expected to be shipped by Apple this year. that figure would be 20 per cent less than the shipments made by it at the same time last year. The report was based on industry sources. The newspaper reported the suppliers of the…
Saudi Aramco would be now allowed to list its shares at the London Stock Exchange after a new category was been approved for companies that traded on the LSE. There have been accusations against the LSE that it loosened corporate governance rules so that it can accommodate very large listing. The move put the “UK’s…
Xiaomi reported a loss of 43.89 billion yuan loss for 2017-2018. In the current financial year, 2018-2019, for the first quarter. it has reported a loss of 7 billion yuan. According to a draft prospectus, China’s Xiaomi has reported a $1.09 billion (7 billion yuan) loss ahead of its initial public offering (IPO). In 2017,…
The usage of temporary workers at Foxconn’s plants have been an issue that has dogged the world’s largest contract manufacturer for many years now. Following a report by a U.S. watchdog that working conditions at one of Foxconn’s factory in China, which makes devices for Amazon, was harsh, Foxconn, also known as Hon Hai Precision…
The hack occurred over the weekend. Coinrail has temporarily suspended trading in the virtual currency exchange. On Monday, with Coinrail, a South Korean cryptocurrency exchange, disclosing that it was hacked during the weekend, there followed an extended sell-off of bitcoin which saw it touch its 2-month low. In recent given the number of hacks involved…
The first insulating molecule which is believed to be more effective than a vacuum barrier has been developed by a team of international researchers and scientists consisting of scientists from Denmark, China and America. The new discovery is believed to be bale to make transistors in a computer chip much smaller and yet more powerful.…
In what is being considered to be one of the largest funding rounds for an unlisted group, a $14bn funding round was recently closed by Ant Financial. This funding tound has raised the valuation of the payments affiliate of Chinese tech giant Alibaba at over $150bn on a pre-money basis. Compared to the market cap…
Fujifilm CEO Shigetaka Komori said in an interview that the only way the U.S. office equipment firm Xerox would be bale to survive in the fiercely competitive global market is a takeover by Fujifilm Holdings. However, the Japanese company is also preparing itself for the eventuality of the deal not taking place eventually, the CEO…
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