Didi Chuxing, which gained prominence in China after it bought Uber’s operation in China, is also diversifying in the food delivery services. According to several sources with direct knowledge of the matter at hand, China’s Didi Chuxing Technology Co Ltd, a ride hailing firm, aims to spin off its car services unit ahead of its…
The escalating US-China trade row could lead to potential damage of business, warned the head of US aerospace and defence giant Boeing. “Aerospace thrives on free and open trade,” said the company’s chief executive Dennis Muilenburg. Concerns that costs for aircraft manufacturers could be pushed up were expressed by him. “The aerospace sector drives economic…
Apple has tied up with Nobel peace prize winner Malala Yusafzai as the IT major will be collaborating with Malala Fund through its 10 Apple Developer Academies in Brazil for furthering opportunities for girls’ education. The Malala Fund is engaged in offering safe, quality secondary education and opportunities for girls and is now expanding into…
Their framework focuses on ways risks from crypto-asset markets could potentially spread to other parts of the global financial system. On Monday, global regulators published a framework for “vigilantly” monitoring risks from crypto-assets including ether and bitcoins. This is despite the fact that crypto-assets don’t pose any significant risk to financial stability, for now. The…
China-based Luenmei Quantum Co and Samsung Catalyst Fund led investors in Mantis Vision’s latest funding round. On Monday, Mantis Vision, a high-tech Israeli firm which is in the business of providing 3D content and sharing technologies, stated it had raised $55 million in a funding round led by Samsung Catalyst Fund and China-based Luenmei Quantum…
With China slowly loosening regulation on foreign investments, investments and more JV are expected. The trade war with the U.S. is pushing Beijing to play nice with foreign investors. On Thursday, BMW disclosed it was in the process of developing a joint venture with a Brilliance, a Chinese firm. The German carmaker did not confirm…
Following a multi-year investigation, Japan’s regulator has found Apple’s contracts with mobile service providers to be in possible violation of the country’s antitrust rules. On Wednesday, Japanese regulators disclosed Apple Inc may have broken the country’s antitrust rules given the fact that it forces the country’s mobile service providers to sell its iPhones at cheap…
The criminal complaint sheds light on Apple’s secretive self-driving car project, many of which are detailed here. A criminal complaint filed by Apple against a former employee, Xiaolang Zhang, for allegedly stealing self-driving car trade secrets so as to work for a Chinese electric vehicle startup provides a window into Cupertino’s work on the technology,…
The strategic move will see the new Guangzhou plant doubling the production rates of OLED display plates from their current 60,000 to 130,000. With LG Display being the top OLED displaymaker in the world, the facility at Guangzhou, China will control and cater to the OLED TV segment across markets in the world. On Tuesday,…
The collaboration is aimed at building next-gen purpose-built electric-vehicles for Didi’s services. On Tuesday, China’s Didi Chuxing, a ride-sharing company, disclosed it has signed an agreement with German automotive supplier Continental AG to co-develop connected vehicles and design purpose-built electric vehicles (EVs) for Didi’s services. “Based on DiDi’s practical experience on mobility as well as…
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