On Tuesday, in a statement, China’s social media and gaming group Tencent said, it plans on opening a new office in Singapore which will be its regional hub for Southeast Asia. “The new office is a strategic addition to our current offices in Malaysia, Indonesia and Thailand,” said the company in a statement.
Adam Neumann, WeWork’s co-founder has filed a lawsuit against SoftBank Group Corp and against its Vision Fund for terminating a $3 billion tender offer to the office-sharing startup’s shareholders. In October, the tender was part of a $9.6 billion financial rescue package that SoftBank had agreed to, following which WeWork gave it control of the…
At CES, the big technology industry show, Toyota unveiled its plans to develop a “Woven City”, which will be built at the site of a factory that is planned to be closed. The “Woven City” is a reference to Toyota’s early beginnings as a loom manufacturing company. The city will serve as a home to…
Tech companies are increasing going up the value chain for automakers. This partnership is the latest example of this strategic tie-up. In a development that marks the latest collaboration between Silicon Valley and automakers, Aurora, a self-driving car software startup stated it will be partnering with Fiat Chrysler to build autonomous platforms for commercial vehicles.…
Lyft’s IPO, has set the stage for its much bigger rival, Uber Technologies, whose IPO is slated for launch in April 2019. In a significant development, Lyft Inc was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup. Lyft raised more money than it had set off to since…
Amazon’s push into Latin America’s biggest economy is driven and bolstered by the listings of third party vendors on its local e-commerce marketplace. As per a Bloomberg report citing sources familiar with the matter at hand, Amazon.com Inc is working on a pilot logistics project in Brazil with CargoX, a Goldman Sachs-backed blockchain company for…
Here is how how China Energy Fund Committee guided a Chinese oil and gas company to secure lucrative contracts in Chad. In a development that underscores the methods used to gain contracts, the U.S. has charged a man from Hong Kong as well as the former foreign minister from Senegalese for bribing high-level officials in…
France enacts a law that compels French companies, with over 50 employees, to provide for a breather, in our rat race society. Turns out the New Year is not just another chance to create new set of resolutions for the year, France has given it a new meaning for many of its employees. From January…
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