Investor concerns dogs Chinese electric carmaker – NIO Inc’s U.S. IPO

Worries over Tesla’s production are casting their shadow over other electric carmakers who are aiming to produce low-cost mass-market cars. As per sources familiar with the matter at hand, in NIO Inc’s U.S. IPO, the Chinese electric vehicle startup priced its shares at the bottom of its targeted price range due to investor concerns of…

Japan to buy 9 E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft for $3.135 billion

The potential sale will augment Japan’s capability to assess the situational awareness of air and naval activity in the Pacific region. As per a statement by the U.S. State Department, the potential sale of upto 9 E-2D Advanced Hawkeye Airborne Early Warning and Control aircraft have been approved for Japan. The estimated cost of the…

Facebook to invest more than $1 billion in its 1st data center in Singapore, Asia

The expansion comes midst increased demand for cloud and mobile computing and e-commerce from countries across Asia. On Thursday, Facebook disclosed it would sink in more than $1 billion in its first data center in Asia which will be located in Singapore. It is slated to open in 2022. Facebook’s data center will be located…

25% U.S. tariff to hurt Huawei’s U.S. launch of FusionHome

Analysts covering the sector opine Huawei will have to either reduce its margins or raise prices. Huawei Technology Co’s upcoming launch of a solar-panel control device in the United States is expected to collide with the Trump administration’s new tariffs on Chinese electronics. As a result this is likely to undermine the product that analysts…

Shortcomings in Huawei’s supply chain impact Britain’s national security

With countries increasing scrutiny over equipments produced by those they consider as adversaries, companies in the tech industry are facing headwinds. According to sources familiar with the matter at hand, China’s Huawei Technologies is facing strong headwinds by way of heightened scrutiny in Britain over the usage of a legacy software component sold by a…

Apple collaborates with Chinese telecoms to counter spam and fake calls

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…