With Uber Technologies facing a potential ban in Britain, Ola could gain the upper hand. On Tuesday, Ola, India’s ride-hailing firm stated it plans on expanding its area of operations to Britain this year following a launch of its services in Australia. In a statement, Ola said, it had obtained licenses to begin operations in…
Valued at $56 billion, sources say Didi aims to spin-off its car services business before its potential blockbuster IPO. On Monday, China’s biggest ride-hailing service Didi Chuxing Technology stated it will invest $1 billion in its auto services business as part of a re-branding exercise ahead of its anticipated initial public offering (IPO). Didi also…
Unable to match tariff for tariff hikes with the United States, China is increasing its scrutiny of business dealings of U.S. entities in the country. On Thursday, China’s News Service stated, Apple Inc is collaborating with Chinese telecom companies in order to bring down the levels of spam it receives through its messaging service. The…
While the platform will allow existing customers to monitor and better manage their health so as to avoid, if not prevent, an onslaught of a disease, its preventive measures is also likely to lure in customers who want to better manage their current and future health requirements. On Thursday, global insurer Prudential announced a strategic…
The collaboration marks the Audi AG as the first major carmaker to sign a multi-year partnership with Cognata’s platform. On Tuesday, Israel-based Cognata Ltd, an autonomous vehicle simulation platform provider, stated it has partnered with Volkswagen’s Audi to speed up the development of autonomous vehicles. The simulation platform recreates virtually a range of testing scenarios…
KodakOne, Kodak’s blockchain project, has largely been linked to its surging share prices. It is the vehicle through which it aims to be once again relevant in the photography industry. In a development that aims to protect and improve digital rights management, Wenn Digital, a developer of an image protection blockchain platform licensed by Eastman…
Think of Manbang as China’s Uber for trucks. On Tuesday, China’s truck hailing service platform Manbang stated, investors, including Alphabet Inc’s venture capital fund CapitalG and Japan’s Softbank Group have funneled in $1.9 billion in its new funding round. Formally known as the Full Truck Alliance Group, Manbang stated the funding round was led SoftBank’s…
Since Carl Icahn’s stake is below the 5% limit, which warrants public disclosure of the stake amount, it isn’t clear as to what his agenda might be for taking this position. However, VMWare/Dell IPO is looming on the horizon. Billionaire investor Carl Icahn has acquired a stake below 5%, in VMware Inc, a cloud computing…
Facebook Inc has hired Matthew Henick, to lead its global video content strategy and planning, and has hired Mike Bidgoli to lead its Facebook Watch product team. Through a social media post Facebook Inc disclosed that it has hired the former head of BuzzFeed Studios to lead its global video content; it also said, it…
Holding a dominant market share in India’s fierce ride-hailing market, Ola plans on launching itself in Australia by inviting driving partners and private vehicle owners in the cities of Perth, Melbourne and Sydney. On Tuesday, Ola, an Indian ride-hailing company announced plans on entering the Australian market intensifying its effort to win market share embattled…
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