China’s electric vehicle policy will make it global automotive powerhouse

With Beijing’s policymakers and regulators intent on transitioning from fossil fuel powered vehicles to more electric vehicles, China is set to become the automotive powerhouses in the world. In a development aimed at accelerating the adoption of electric vehicles, automakers from across the globe are planning a $300 billion surge in their spending on electric…

Cloud-security firm Netskope raises $169 million in latest funding round

The funding round saw Netskope’s valuation top more than $1 billion. The cloud-security firm will utilize the funds to expand its R&D, sales and data centers. Netskope, a cloud-security firm, said it has raised $169 million in its latest fundraiser which valued it at more than $1 billion. Netskope will channelize the funds to expand…

ASEAN nations likely to sign cybersecurity deal with Russia

A draft agreement is being circulated among foreign ministers on the area of cybersecurity, the details of which is likely to be published this coming Saturday. Following high-profile hacking attacks in Southeast Asia, nations in the region are hoping to enter into joint agreements on cybersecurity with Russia. The draft agreement, which aims to formalize…

France’s Bollore Group signs global partnership with Alibaba

The wide-ranging partnership expands the Bollore Group’s and Alibaba’s logistics network such that it can help diversify their respective customer base. On Monday, Vincent Bollore, the CEO of French conglomerate the Bollore Group stated it had signed a global partnership with Chinese e-commerce giant Alibaba. In a statement, both companies said, their partnership covers clean…