On Wednesday, in a statement South Korea’s Hyundai Motor Group stated, early next year it will introduce an electric vehicle-only platform which will use its battery technology to cut production time and costs. The plan by Hyundai Motor Group, the world’s No.5 auto group, aims to become a major player in the global EV market,…
In a statement, Oki Matsumoto, the head of Japan’s Monex Group said, digital currencies of Japan’s central bank will help boost trading of cryptocurrencies by providing a trusted and convenient platform for converting them into legal tenders. Welcoming the move the Bank of Japan, Matsumoto, the CEO of the Monex Group said, it will look…
Twitter Inc has announced the global launch of a new feature – tweets that disappear after 24 hours. The feature has similarities with Snapchat’s stories, and Instagram’s status feature. “Some of you tell us that Tweeting is uncomfortable because it feels so public, so permanent, and like there’s so much pressure to rack up Retweets and…
In a significant development, self-driving carmaker Cruise stated, along with its majority shareholder General Motors Co, it is seeking U.S. regulatory approval for deploying a limited number of Cruise Origin vehicles which will not feature pedals or steering wheels. At the same time, it plans on withdrawing an exemption petition filed which it had filed…
In a significant development, SoftBank-backed used-car platform Kavak has become Mexico’s first ever tech “unicorn”. The startup was valued at $1.15 billion in its latest funding round last month, said its CEO Carlos Garcia. Since its founding in 2016, Mexico City-based Kavak has raised more than $400 million in total funding with SoftBank, Greenoaks Capital…
In a statement Twitter said, the official Twitter account of the Olympics and the International Olympic Committee’s (IOC) media Twitter account had been hacked and has been temporarily locked. Twitter’s statement also mentioned that these accounts were hacked through a third-party platform, without giving further details. “As soon as we were made aware of the…
As per a source familiar with the matter at hand, ViacomCBS is working on a streaming service that will build on its CBS All Access platform. According to ViacomCBS executives, although a firm decision on this is yet to be taken, the company is considering a service with advertisements which will combine CBS All Access…
In a statement, Facebook Inc stated, it has tweaked its approach towards political ads and has introduced limited changes, which includes an option for users to turn off certain ad-targeting tools. Facebook has defied critics’ demands of barring political ads in its platform which often spew out fake news. Facebook, the world’s biggest social network,…
On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…
According to five sources familiar with Indonesia’s move, Jakarta plans on imposing fixed fees on select e-wallet transactions. The move could potential choke key revenue streams and raise costs for payment startups. Providers of e-wallet services in Indonesia, Southeast Asia’s largest economy, currently customize fees for vendors: while they charge a premium from big retailers…
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