Dennis Mutua

HashiCorp Seeking a $13 Billion Valuation Following its United States IPO

Software company providing open-source tools and commercial products to enable developers connect and run cloud-computing infrastructure HashiCorp says that it is aiming a $13 billion market valuation following its upcoming U.S initial public offering (IPO). The company is seeking to capitalize on the high number of investors interested in putting their investments behind software enterprise […]

Samsung to Supply Volkswagen With New Advanced Auto Chip

Leading tech giant and manufacture of chips and consumer electronics Samsung Electronics Co. (KRX: 005930) will be supplying German automotive manufacturer Volkswagen Group (ETR: VOW3) with new advanced auto chips to be used in cars. These chips will include one which will be mounted on infotainment system developed by electronics company LG Electronics Inc. (KRX: […]

Nissan Sets Aside $17.6 Billion For Vehicle Electrification

Japan based third largest automobile manufacturer Nissan Motor Corp. (TYO: 7201) says that it has set aside $17.6 billion (2 trillion yen) which it will be using on vehicle electrification over the next five years. The company further says that it aims at launching 23 electrified vehicles by 2030. The company will be undertaking this […]

Amazon to Launch Abu Dhabi Fulfillment Center by 2024

Leading United Sates based e-commerce company with investments in cloud computing, artificial intelligence and digital streaming Amazon Inc. (AMZN) will be launching a fulfillment center in Abu Dhabi within the next two years. This development was announced by the Abu Dhabi’s government media office which also revealed that the fulfillment center will be will be […]

Volkswagen Poaches Apple’s Head of Global Battery Development

Leading German automotive manufacturer Volkswagen AG (ETR: VOW3) has poached Apple Inc.’s (AAPL) head of global battery development, Ahn Soonho, to the automotive maker where he will be heading the company’s development of electric vehicle batteries. This switch seems to be a recent pattern taking shape since this marks the second senior executive leaving the […]

Xiaomi Set to Open EV Plant With 300,000 Annual Output

China based designer and manufacturer of consumer electronics Xiaomi Corp. (HK: 1810) says that it will be building an electric vehicle plant with annual production capacity of 300,000 electric vehicles. The company made this announcement during the past weekend. According to the announcement, this plant will be constructed in two phases, the company will also […]

Verizon and AT&T Agree to Adopt New Measures Addressing 5G Air Safety Concerns

U.S based telecommunications company Verizon Communications Inc. (VZ) and largest provider of mobile telephone services in U.S AT&T Inc. (T) said they have agreed to adopt new precautionary measures to address increasing air safety concerns for the use of C-Band spectrum for 5G wireless. The aviation industry together with the Federal Aviation Administration (FAA) have […]

China Seeking to Stop Delisting of Chinese Companies From U.S Stock Markets

China’s market regulator, China Securities Regulatory Commission, says that its working hard with United States market regulators with an aim to stop Chinese getting delisted from US stock markets when they fail to meet auditing standards used in the United States. For quite some time now, this has been a major issue as Chinese companies […]

China Irked by United States Inviting Taiwan to Democracy Summit

The government of China has been annoyed by the move from the government of United States inviting Taiwan to a Summit for Democracy slated for December 9 and December 10. President’s Biden administration published a list of invited countries this week. The list did not sit well with Chinese government because they count Taiwan as […]

Ant Group Valuation Reduced by 15% to $191 Bilion by Warburg

New York based private equity company majorly focusing on private equity Warburg Pincus LLC has reduced its valuation of Chinese fintech company running China’s largest digital payment platform Ant Group by 15% to $191 billion. This information was leaked by an insider source from Warburg who has direct access to knowledge on the matter. The […]