Areas of convergence that have been identified by the trio include engineering, manufacturing, purchasing and supply chains. On Thursday, the Renault-Nissan-Mitsubishi alliance stated it would boost the speed of convergence of technologies between the trio as they collaborate on key areas as part of a bigger, broader strategy to boost profits and lower costs. The…
Singapore aims to be the top Asian hub for cryptocurrencies and ICOs. On Thursday, an official from Singapore’s central bank stated that it is in the process of assessing whether additional regulations will be required in order to protect cryptocurrency investors. Singapore is aiming to be the top hub for financial technology and ICO offerings…
The power purchase deal is in line with Microsoft’s goal of powering at least 50% of its electrical load requirements of its global data center in 2018. On Thursday, Microsoft Corp stated it will buy solar power from the Singapore-based Sunseap Group. The deal marks the tech giant’s first such renewable energy deal in Asia.…
There was a fall of 10 percent – the daily limit for a company, on its debut in Shanghai, in the share of Qihoo 360 Technology. this is a company that was listed in New York earlier and had moved back into China through a back-door listing. The US$62 billion market capitalization of the company…
Adopting a strategy of open-source software is being followed by Amazon.com Inc. for its voice-based Alexa digital assistant so that car makers and others are able to easily place it in their cars and chose it before Google. A number of speech-recognition technologies are being targeted by Amazon so that a number of in-vehicle apps…
Nio has hired 8 banks for the planned U.S. IPO. According to sources with knowledge of the matter, Nio, a Chinese electric vehicle startup has hired 8 banks, including Goldman Sachs and Morgan Stanley for its planned U.S. stock market listing this year, worth up to $2 billion. The eight banks are, JPMorgan, Goldman Sachs,…
There has been an increase in real house prices in the U.S. by 0.4 per cent for the period of November and December 2017 according to the First American Real House Price Index (RHPI). This index reflects the price changes throughout the U.S. of single-family properties while taking into consideration the impact for change sin…
High end rentals, bed and breakfasts, and boutique hotels are among the different lodging types are being added to its site by Airbnb. This is expected to make it easier for large groups to stay at a single place together for events like work trips, family getaways and weddings. A new ten-year roadmap was outlined…
China is the preferred location for manufacturing of the new electric car of BMW, said the company that manufactures the well know British Mini car. The company said that it anticipates strong local demand for electric cars and has already built a strategy long with China’s Great Wall Motors to scout a most suitable location…
A single tweet from Kylie Jenner perhaps has been more damaging for Snapchat despite its over 1.2 million users urging the company to change its “annoying” redesign through a signed petition. There was a fall of 6 per cent in the shares of Snap following a Tweet by the celebrity: “sooo does anyone else not…
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