Flipkart is likely to provide Wal-Mart the leverage it needs to fight Amazon.com in India and globally, making the purchase of a stake in Flipkart very strategic. On Wednesday, sources familiar with the matter at hand have told CNBC-TV18 that Amazon.com Inc has made a formal offer to purchase a 60% stake in Indian online…
Tesla has dismissed the lawsuit saying it has no merits. Nikola Motor Co, a maker of hydrogen-powered semi trucks, has filed a lawsuit Tesla Inc for alleged infringements on its patent design. In a court filing, Nikola Motor stated Tesla Inc’s Semi, its first electric heavy duty truck, is “substantially” similar to its design. According…
Video content on Twitter has doubled in the last 1 year. In a move designed to attract online viewerships, and gain advertising revenues, Walt Disney Co stated it will create news, live sports and entertainment programming specifically for Twitter Inc’s social network. Disney’s peers, including MSNBC, NBC, and Viacom Inc’s Comedy Central, BET and MTV…
In a significant shift in its patent licensing strategy Qualcomm’s licensing chief stated its new licensing model is aimed at winning customers and easing regulatory concerns. In a strategic change of tactics, Qualcomm Inc’s patent licensing chief stated, the company has broadened its licensing model in order to lower licensing costs for the next generation…
TCMC, the world’s biggest contract chipmakers plans on sinking in $1.3 billion in R&D to research future technologies. On Friday, a spokesman for the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co, stated it is planning to plough in $13.50 billion (T$400 billion) to help expand its research and development capacity for future technologies. Clarifying…
The U.S. Administration is increasingly boosting efforts to tilt, what has so far been so far in recent history, a one-sided affair, of collaboration and forced technology transfer from the U.S. to China. Beijing’s Made in China 2025 industrial policy has opened the administration’s eye to China’s furtive motives of leveraging the dual benefits of…
The aim is to reduce the revenue generation gap between its G Suite and Microsoft’s Office suite and specifically meets many business users’ demands. On Wednesday, in what is stated to be its first redesign since 2013, Alphabet Inc’s Google unveiled an overhaul of Gmail in what the company stated was an expensive overhaul that…
To the chagrin of patent trolls and big pharma, in a ruling with widespread implications for high technology companies, including Apple and Samsung, U.S. Supreme Court justices in a 7-2 ruling upheld the IPR system. In a development with significant implications for tech companies, on Tuesday the U.S. Supreme Court approved of a government review…
The Chinese automakers stated if the U.S. were to impose stiff penalties on Chinese vehicle exports, its planned entry into the U.S. market by 2019 will be significantly affected. On Wednesday, China’s Guangzhou Automobile Group Co Ltd stated the brewing trade conflict between China and the United States, especially if stiff tariffs were imposed, its…
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…
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