SenseTime Group , a Chinese artificial intelligence start-up, restarted its $767 million Hong Kong IPO on Monday, a week after it was halted due to the company’s presence on a US investment blacklist. According to regulatory papers, SenseTime intends to sell 1.5 billion shares for between HK$3.85 and $HK3.99 each, with the final price to…
In a report released Thursday, Facebook owner Meta Platforms Inc accused a half-dozen private monitoring companies of hacking or other crimes, alleging that they together targeted around 50,000 people across its platforms. The firm’s struggle with the spy companies is part of a broader push by American technology companies, lawmakers, and President Joe Biden’s administration…
Alibaba, largest e-commerce company of China, told its investors that international e-commerce would be its main emphasis going forward as the company looks to develop new avenues of revenues following a challenging year in its home market. Alibaba Group Holding Ltd restructured its e-commerce business earlier this month abd created a separate China and international…
The mother company of the social media network Facebook, Meta Platforms Inc, was responsible for the $60 million plan to acquire the trademark assets of U.S. regional bank Meta Financial Group, according to the representatives of the companies. The agreement demonstrates how significant the Meta moniker has become for the IT behemoth. Meta is…
Following the death of six workers at a warehouse in the US state of Illinois due to a tornado, Amazon is facing concerns about its health and safety procedures. “This never would have happened if they cared about lives over productivity,” the sister of one of the victims commented on social media. In reaction to…
Tesla chief executive officer Elon Musk is known to be very active on tweeter and even making important announcements on social media. This time Musk tweeted that he is “thinking of” quitting all of his jobs and becoming an influencer. Musk is the richest man in the world. “Thinking of quitting my jobs & becoming…
Israel conducted a ten-country simulation of a significant cyberattack on the global financial system on Thursday, in an effort to enhance collaboration that might help limit any possible harm to financial markets and institutions. The simulated “war game,” as Israel’s Finance Ministry dubbed it and which had been planned for over a year, unfolded over…
As the use of digital currencies gathers traction, Visa Inc, the largest payment processing company of the world, launched a worldwide crypto advisory service for its financial customers and businesses on Wednesday. According to the company, the move is intended at financial institutions wanting to recruit or keep consumers with crypto services, shops interested in…
To meet the rising demand for its goods in Asia, Lego has announced its plans for setting up of a new production facility in Vietnam. The toymaker said it will invest more than $1 billion in the new production unit, which will be located near Ho Chi Minh City, the country’s primary commercial centre. After…
Nestle SA will lower its stake in L’Oreal to roughly about 20 per cent through selling shares worth 8.9 billion euros ($10 billion) back to the French cosmetics company, the company has said. This would help Nestle to bring down the pressure of the beauty giant’s on its financial books. This is also the first…
