The move assumes strategic importance since it acts as a vehicle for increasing Alibaba’s global push to boost its marketshare in Singapore’s fast-growing multi-billion dollar e-commerce market. As part of its drive to further expand its presence in new markets, Alibaba Group Holding Ltd is set to invest an additional $2 billion in the Lazada…
While its revenues have jumped by 55% to $2.7 billion (17.38 billion yuan), iQiyi reported a net loss of 3.74 billion yuan. iQiyi Inc, a unit of Chinese search engine firm Baidu Inc, has launched its initial public offering in New York, worth up to $2.4 billion, as it seeks to expand its range of…
In the long term, the development is likely to effects Apple’s suppliers including, Samsung Electronics Co, LG Display Co, Japan Display Inc, Sharp Corp and Synaptics Inc. As per a Bloomberg report, Apple Inc is said to be developing its own MicroLED device displays and has already produced a small numbers of these MicroLED screens…
A list of U.S. products that can be put on the list that the European Commission wants to subject to import tariffs on was asked for from the industry on Friday by the Commission. The tariffs would only be imposed if the U.S. includes the European Union in it list of countries to bear the…
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…
