The development underscores the fact that the Chinese facial recognition company is gaining strategic bulk. SenseTime Group, a Chinese facial recognition technology company, disclosed that it raised $620 million in its latest funding round which saw its valuation touch $4.5 billion. The funding round was led by Fidelity International, Hopu Capital, Silver Lake and Tiger…
Google is ramping up its efforts to gain more strategic size in China, the world’s biggest smartphone market. On Thursday, in a strategic step aimed at increasing its footprint in China, Alphabet Inc’s Google Inc launched a file management tool in several Chinese app stores. The Chinese market, the biggest smartphone market in the world,…
Its first ever alcoholic drink was launched earlier in the week by Coca Cola in Japan. This drink is a fizzy, lemon-flavoured mixture which has spirits. The aim of this new launch is to take advantage of the increasing popularity of “chuhai” alcopops hat are believed to be especially most liked by young women. According…
The development is the first such investment by a U.S. automaker in the Central American country. As per a statement from the Honduran government, Green4U Technologies, a U.S. electric auto maker has signed a memorandum of understanding (MOU) with the Honduran government which stated that it will build an assembly plant in Honduras. This will…
Strong growth in the premium notebooks segment as well as a one-time tax benefit of $975 million can be attributed as the reasons for its surprise performance. On the back of strong demand for desktop and notebooks, HP Inc has reported a better-than-expected quarterly results. HP Inc also named Steve Fieler as its chief financial…
A recent study has suggested that diners could be prone to ordering more of unhealthy food if one is dining out in a restaurant that has loud musing playing most of the time. The ambient music volume at restaurants could be an important factor in people deciding to on whether to order a cheeseburger or…
The nenewable energy market in the Asia Pacific region is to boom with utility-scale batteries replacing expensive power grids. In a strategic move, Japan’s JERA, is set to collaborate with a U.S.-German joint venture along with an Australian firm in order to develop battery projects in the Asia-Pacific region. The move targets a market expected…
With the news reaching the market, shares of Japan display have fallen while those of LG Display have surged upwards. As per a report by South Korea’s Electronic Times, Apple Inc has opted to use OLED screens in all of the 3 new iPhone models that it plans on releasing in 2019. With the news…
The raid was in connection to Samsung Securities’ recent fat finger error in which in accidentally issued shares worth 2.8 billion to its own employees. On Monday, South Korean prosecutors raided the head office of Samsung Securities in relation to the brokerage firm’s recent fat finger error. As reported here earlier, Samsung Securities had accidental…
An ultra-high-efficiency powertrain for India and other global markets would be developed with technical cooperation between Suzuki Motor Corp., Denso Corp and the world’s largest automaker, Toyota Motor Corp. Suzuki would be transferred technology for the same by the rest two. However, no details of the proposed powertrain were made available to the media. “We…
business-gurus.com 