Ola is steadily expanding its footprint in overseas markets. Earlier this year, it had forayed into the UK and the Australian ride-hailing markets. On Tuesday, Indian ride-hailing platform Ola said it plans on expanding its operations to New Zealand. The move underscores its latest push overseas as it ups its rivalry with its peer, Uber…
In a warning to investors, China’s central bank – Shanghai Head Office – has warned investors not to invest blindly in virtual currencies and ICOs. On Tuesday, in a disclosure aimed at increasing risk awareness among investors, China’s central bank Shanghai Head Office warned investors that initial coin offerings (ICOs) and virtual currency investment carry…
In addition to the business woes that are being faced by Snapchat, the firm is also facing challenges from the outside. Investors and analysts ate the Wall Street are losing confidence and faith in the company as well as in its CEO Evan Spiegel. Earlier this week, the price target for the shares of the…
Huawei’s chief executive has pledged that the company will come up with a smartphone with a fold-out screen in just about a year. CEO of the firm Richard Yu said this during an interview with a German newspaper Die Welt. He said that Huawei is “already working on it”. It has been quite a few years…
IKEA Group to aims to provide all of its deliveries vide EV or zero emission vehicles by 2025. On Friday, IKEA Group, the owner of most IKEA stores worldwide, stated, all of its home deliveries in the inner cities of Paris, Amsterdam, New York, Los Angeles, and Shanghai would be made by electric vehicles or…
The strategic acquisition has multiple sweet spots: not only it places Wal-Mart on a better footing in its competition with its peer – Amazon.com Inc, it will also provide Wal-Mart crucial learning experience which it can use in other markets. In a move that will enable Walmart Inc to increase its footprint in Chile and…
The latest update of its product line is more in the nature of a transitional update rather than transformational one. In an attempt aimed at getting more consumers to upgrade to its latest and more expensive products, Apple has unveiled its biggest iPhone to day; it has also launch a watch that detects heart problems.…
For Adobe the acquisition makes sense since Marketo’s expertise lies in its business-to-business marketing applications which would compliment its own. According to sources familiar with the matter at hand, Adobe Systems Inc is in negotiations to acquire privately held cloud-based marketing software company Marketo Inc. The deal will boost Adobe’s cloud offerings and improve its…
With India being the second biggest smartphone market in the world, Samsung Electronics’ move underscores its strategy of extending its market lead over its peers, which include low cost Chinese peers and Apple Inc’s smartphones. India, the world’s second-biggest smartphone market, has become the home to Samsung Electronics Co’s biggest mobile store in the world.…
Worries over Tesla’s production are casting their shadow over other electric carmakers who are aiming to produce low-cost mass-market cars. As per sources familiar with the matter at hand, in NIO Inc’s U.S. IPO, the Chinese electric vehicle startup priced its shares at the bottom of its targeted price range due to investor concerns of…
