Nissan-backed WeRide receives permit to test passenger vehicles on public roads in California

In a statement California’s Department of Motor Vehicles said autonomous driving startup WeRide has received a permit to test two passenger vehicles on California’s public roads without a safety driver. Nissan and Mitsubishi,backed WeRide, is also testing its driverless vehicle in China’s southern city of Guangzhou. Technology and automakers are investing billions of dollars in…

Digital shift helped WPP plot path to recovery from pandemic-woes

WPP, the world’s biggest advertising company said, it would immediately relaunch its buyback scheme. The development comes in the wake of its efforts to help clients shift online to get through the worst of the pandemic. The company took a major hit in early 2020 because of the coronavirus-induced COVID-19 pandemic which triggered its clients…

General Motors and SAIC Motor Corp file joint anti-monopoly complaint against Tencent

On Tuesday, Chinese smart vehicle supplier Shanghai PATEO stated along with General Motors Co’s local venture with SAIC Motor Corp it has filed a joint complaint against Chinese tech giant Tencent to China’s market regulator. In a statement, PATEO said Tencent abused its dominant messaging app’s market position to restrict sales of its products which…

Chinese EV maker Xpeng increase size of U.S. IPO to 1.5 billion, retains greenshoe option allowing it further raise $224.4 million

According to two sources with direct knowledge of the matter at hand, Chinese electric vehicle (EV) maker Xpeng XPEV has increased the size of its U.S initial public offering (IPO) to around $1.49 billion. “The company will price its shares at $15 each, after initially indicating they would be sold for $11 to $13 when…

Alleged hacker puts up Tokopedia’s user details for sale on darknet

Indonesia’s largest e-commerce platform, Tokopedia said, it is investigating an attempted cyber attack and claims that details of millions of its users had been leaked online. “We found that there had been an attempt to steal data from Tokopedia users,” said Tokopedia’s spokesman. “However, Tokopedia ensures that crucial information such as passwords remains successfully protected…

Nvidia set to win unconditional approval from European Commission for it’s bid to acquire Mellanox Technologies

Sources familiar with the matter have disclosed, U.S. chipmaker Nvidia is set to win an unconditional approval from the European Commission over its $6.8 billion acquisition bid to acquire Mellanox Technologies. Known for its powerful graphics chips, Nvidia is looking to boost its data center and artificial intelligence business; acquiring Mellanox will help it better…

Goldman Sachs revisit its relationship with Chinese blacklisted AI firms

Risk consultants sees U.S. investors quietly exiting from their partnership/commitments with the affected Chinese companies. In a significant development, Goldman Sachs Group Inc has stated, it is in the process of reviewing its involvement in China’s Megvii Technology Ltd’s initial public offering (IPO) following the U.S. Commerce Department placing the artificial intelligence firm on an…