According to a report from the Wall Street Journal, Quibi, the streaming service founded by former Disney executive Jeffrey Katzenberg, is exploring strategic options including a possible sale, a funding round or going public through a merger with a special purpose acquisition company. When asked to comment, Quibi said it does not comment on rumor…
On Tuesday, Baidu-backed Chinese electric vehicle (EV) startup WM Motor said, it has raised $1.47 billion (10 billion yuan) in its latest funding round. In recent months, shares of Electric Vehicle makers, including that of Tesla Inc, have surged with auto makers looking to the markets for funds. Incidentally, China’s Xpeng Inc and Li Auto…
In a statement German auto giant Volkswagen AG said, owners of its ID.4 compact electric sport utility vehicle will gain three years of unlimited charging in the United States. This will at no additional cost to the price of the vehicle. Customers who purchased or leased its ID.4 electric SUV, which was launched in August…
In a statement Brazil’s facial biometrics and digital admission startup Acesso Digital said, Japan’s SoftBank Group Corp and U.S. private equity firm General Atlantic LLC are leading a $107.25 million (580 million reais) funding round. Following the investment, both, General Atlantic and SoftBank, will hold a minority stake in Acesso Digital. Founded in 2007, Acesso…
Following accusations by a short seller against the hydrogen and electric truck startup Nikola was misleading investors and overstating the value of a business deal, the company’s founder Trevor Milton has voluntarily stepped down as the executive chairman of the startup. Nikola said in a statement on Sunday that Milton has also resigned from the…
The decision of the United States government to impose a ban on the Chinese owned messaging and payments app WeChat has been clocked by a judge in eth US Serious questions related to the constitution’s first amendment, guaranteeing free speech were raised by the ban, said US Magistrate Judge Laurel Beeler. Starting last Sunday, a…
On Monday, China finance ministry stated, it plans on rolling new policies to support hydrogen fuel cell vehicles in order to boost the industry’s supply chain and related technologies. China has emerged as the world’s biggest market for new energy vehicles (NEVs), which includes plug-in hybrids, battery electric vehicles as well as and hydrogen fuel…
An open letter signed members of parliament of the United Kingdom, academics and children’s-rights advocates have urged tech firms to stop advertising to its users who are under the age of 18 years. The letter says that it is not only n individual’s privacy that is undermined by behavioural advertising but it also pits “susceptible”…
Google’s YouTube is here with its own version of the popular video sharing app TikTok. The launch of Shorts, its new short-form video feature, was announced by the Google-owned company earlier this week. The first place where YouTube intends to launch the early beta version of the product is India where the government had banned…
According to a senior administration official who spoke on the condition of anonymity, regardless of how China’s ByteDance positions the divestment of its short video sharing app TikTok, U.S. President Donald Trump does not want it to have a controlling stake in TikTok, since it will place Americans’ personal information at risk. Despite China’s bravado…
