The joint venture is aimed at coming up with solutions and implementing breakthroughs in advanced technologies. On Tuesday, in a joint announcement China’s Tus-Holdings along with Russia-China Investment Fund (RCIF) stated they plan on a joint tech collaboration which will see them investing $1.28 billion in Russia’s Tushino Project Technology Park. In its statement, RCIF…
With online video games being Tencent’s cash machine, their shuttering is likely to impact its revenues. On Monday, Tencent Holdings stated, it will discontinue Texas Hold’Em poker video game from its market place. The move is aimed at complying with Chinese laws with Beijing intensifying its scrutiny over the gaming industry. Tencent stated it will…
The deal, which completed last week, has resulted in the creation of a new company – Interstellar. Interstellar’s product portfolio is set to include StellarX, a recently announced marketplace for trading assets on Stellar. On Monday, according to a statement by Lightyear Corp’s Chief Executive Officer Adam Ludwin, it had acquired San Francisco-based tech start-up…
Imran Khan, Snap Inc’s Chief Strategy Officer is set to step down. His last day of working has yet to be disclosed. On Monday, Snap Inc statement its Chief Strategy Officer, Imran Khan, would be stepping down from the company. Khan became Snap’s Chief Strategy Officer in 2015. His last date of working for Snap…
Under Jack Ma’s stewardship Alibaba grew into an e-commerce giant that it is today. Jack Ma, Alibaba Group Holding Ltd’s executive chairman and co-founder, who is also one of China’s best known corporate leaders, is set to retire from the e-commerce giant. The former English teacher now plans on focusing on philanthropy in education. As…
An Israeli company has announced that it has been able to develop a chip technology that can serve as a universal solution to the self driving car industry. The company called Autotalks based in Kfar Netter in Israel, is a firm that is engage din the development of technologies that aid in automatic communication between…
Addiction to online gaming has become an addiction in China – the world’s biggest gaming market. Chinese authorities have begun cracking down on this addiction by limiting gaming hours to under-aged played. With the Chinese government focusing on ways to tackle gaming addiction, Tencent Holdings, China’s biggest gaming and social media company, stated it will…
The development underscores Uber CEO Dara Khosrowshahi’s strategy of strengthening and expanding Uber’s footprint through partnerships. On Thursday, Uber Technologies announced, it would be launching an app for taxis operating in Nagoya, Japan. The development comes in the wake of the U.S. firm trying to expand and strengthen its foothold in the country. Incidentally, Japan…
The expansion comes midst increased demand for cloud and mobile computing and e-commerce from countries across Asia. On Thursday, Facebook disclosed it would sink in more than $1 billion in its first data center in Asia which will be located in Singapore. It is slated to open in 2022. Facebook’s data center will be located…
Those Australian and New Zealand customers of Uber with low passenger ratings would be barred from availing its services by the ride hailing company. Those customers who have a passenger rating that is four or lower out of five stars will not be allowed to avail the services of the company. The passenger ratings are…
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