Huawei has partnered with not only Malaysia’s Maxis Bhd, the country’s second largest mobile network operator by subscriber, but has also signed preliminary 5G agreements with Maxis rivals such as Axiata Group Bhd’s Celcom, as an added pressure. In a significant development, Malaysia’s Maxis Bhd stated, it has signed an agreement with China’s Huawei Technologies…
Clearly FB is eager to leave behind its scandalous past, especially its relation with Cambridge Analytica, and is eager to portray itself as a more secure platform for consumers. In a significant development, Facebook Inc’s Chief Executive Officer, Mark Zuckerberg defended his decision to encrypt Facebook’s messaging services despite growing concerns on criminal activity and…
Although Shinhan Financial Group Co Ltd’s investment was not disclosed, the funding round saw Bukalapak valued at more than $2.5 billion. On Friday, Indonesian e-commerce startup Bukalapak stated, South Korea’s Shinhan Financial Group Co Ltd has participated in its latest funding round which valued the company at over $2.5 billion. Bukalapak did not disclose the…
MyCC has imposed a daily penalty of 15,000 ringgit starting from today for as long as Grab fails “to take remedial actions as directed by the commission in addressing the competition concerns”. On Thursday, Malaysia’s competition regulator proposed to levy a fine of $20.53 million (86 million ringgit) on ride-hailing firm Grab for violating the…
Aiming to ride the crest of the e-commerce wave, Deutsche Post DHL intends to invest heavily into areas such as warehouse automation and analytics. Aiming to ride the e-commerce boom, Deutsche Post DHL set a new target of $5.77 billion (5.3 billion euros) for its operating profit saying it would invest heavily in areas such…
A crisis for the legal cannabis industry could occur because of the reliance of the industry on vaping for an estimated quarter of its business in some states of the United States after the recent spate of vaping-related illnesses and deaths. Some experts of the industry however are of the opinion that the issue of…
While the United States and China are slated to meet to discuss trade next month, a trade deal between the two largest economies that could bring an end to the trade war between them is still afar fetched reality. However investors now find an opening because of the easing of tensions and no further escalation…
The contract is aimed at replacing the Defense Department’s IT office applications as well as provide tools for day-to-day office administration including email, word processing, collaboration, storage and file sharing. The U.S. Department of Defense along with the U.S. General Services Administration stated, they have awarded a contract worth $7.6 billion to General Dynamics Corp’s…
Going by its tease, expect at least five color options for the new iphones. Apple Inc is slated to host an event on September 10 at the Steve Jobs Theater in its California campus. It is widely expected that Apple will unveil its latest iphone models during the event. In an invite to the event…
Fitbit’s latest feature packed Versa 2 beats the majority of its competitor on the battery life feature alone since it can last upto 5 days against Apple’s smartwatch 2 days. With Fitbit Inc launching the Versa 2, which features Amazon.com’s voice assistant Alexa, ability to make online payments and store music, its shares surged by…
