Li Ka Shing, CK Hutchison Holdings Ltd’s chairman, ranked 23 on Forbe’s list and the wealthiest tycoon in Hong Kong, is set to hand over the reins of CK Hutchison Holdings Ltd to his eldest son. Victor Li. On Friday, as per a filing to the Hong Kong stock exchange, Li Ka-shing, Hong Kong’s richest…
Toyota Motors, an investor in, is reportedly in discussions with Uber Technologies to quicken the pace of bringing autonomous automated driving to the mass market. On Friday, Japan’s Nikkei reported, without citing any sources, that Uber Technologies is in the process of negotiating the installation of its self-driving system in Toyota Motor Co’s minivan vehicles.…
Booker Software which is a cloud-based business management platform catering to salons and spas and the owner of Fredrick which is an automated marketing software created for the wellness business sector was announced to be acquired by Mindbody Inc. which is a technology platform used by the wellness services industry. a definitive agreement for a…
Although two Japanese news dailies have reported of the raid, clarity on the suspected violation is still to emerge. On Thursday, A spokesperson for Amazon Japan stated it has been raided by Japan’s fair trade regulator on suspicion of a possible anti-trust violation. Although the spokesperson said Amazon Japan was fully cooperating with the Fair…
Here is how Amazon.com is using original video programming as a vehicle to boost its exclusive Prime shopping club. For the very first time, documents from Amazon.com Inc reveal how the world’s biggest online retailer’s bet on original video content has paid off: by early 2017 its TV series have drawn more than 5 million…
The developments puts to rest concerns of waning demand for memory chips which are once again on the rise on the back of strong demand from the smartphone and server market. A spokesman for Samsung Electronics Co Ltd stated it plans on building a new memory chip production line in late March in China. The…
The first consecutive loss in two years in its 71-year old history was noted by Cathay Pacific Airways after the airways posted losses of HK$1.25 billion (US$160 million) in 2017 which is double that of the previous year. Cathey Pacific is the largest international airline of Asia. Analysts however said that the results were better…
Americans were identified to be a less happier lot despite their economy now doing well while the happiest country in the world was adjudged to be Finland according to an annual survey issued on Wednesday. Based on parameters of absence of corruption, generosity, social freedom, healthy life expectancy, GDP per capita and social support among…
This policy will be effective from July 1, 2018. On Wednesday, Alphabet Inc’s Google stated starting from June it will ban advertisements for cryptocurrencies and related content including binary options, and financial services that aid betting. In a separate blog post, Google said in 2017 it had taken down 3.2 billion ads, up by nearly…
The strategic move will not only bring down its import cost but will also help it sl slash escalating labor costs in China. In a move that signals an expansion of Apple’s iPhone assembly line in India, Wistron Corp, a Taiwanese contract manufacturer which is part of Apple Inc, has won approval from India’s Karnataka…
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