Dennis Mutua

Chinese e-Commerce Company DMall Preparing For a $500 Million U.S IPO

China based e-commerce company DMall E-commerce Co. is preparing for a $500 million initial public offering in the United States stock market. Sources directly involved in the matter said the company has already hired JP Morgan Chase & C0. (JPM), Bank of America Corp. (BAC) and Goldman Sachs Group Inc. (GS) to serve as its […]

Cyber Insurance Firm Coalition Raises $175 Million in Latest Financing Round

San Francisco based cyber insurance company Coalition Inc. reported having raised $175 million from its latest financing round held on March 17. This financing round leaves the company with a market valuation of $1.75 billion. During the pandemic, demand for protection against data theft, ransom, and hacks has been on a rampant surge due to […]

Microsoft Dispatches Update to Fix Teams Technical Hitch

Leading Technology Company Microsoft Corp. (MSFT) has dispatched an updated to fix some technical hitches which had affected several services controlled by Microsoft including Outlook.com, workplace messaging app Teams among other services. Citing numbers from tracking website Downdetector.com, over 26,000 individuals had reported glitches linked to Teams and another 3,500 people had reported hitches linked […]

France, Germany and Italy Suspend AstraZeneca Vaccine

France, Germany and Italy have suspended use of the vaccine developed by AstraZeneca Plc. (LON: AZN) and Oxford University citing safety claims against the jab. In the last two weeks several countries rolling out the vaccine have been reporting serious side effects among them blood clots. Europe has been on the forefront suspending roll out […]

Hong Kong Scientist Develops a Machine to Detect Early Childhood Autism

A scientist from Hong Kong has developed a retinal scan technology which can be used to detect early autism in children. This technology is modified to use artificial intelligence and machine learning to scan retinas of children as young as six years old to detect early autism. The machine has the ability to capture the […]

Outgoing Panasonic CEO Says Company Needs to Reduce Reliance on Tesla

The outgoing Chief Executive Officer of electronics company Panasonic Corp. (TYO: 6752) Kazuhiro Tsuga said there is need for the Japan based company to reduce its reliance on leading electric vehicle manufacturer Tesla Inc. (TSLA). Tsuga says one of the ways the company can go about this is by making batteries which will be compatible […]

LG Energy Investing $4.5 Billion into Battery Production in the U.S

Global leader supplier of Lithium-ion batteries for electric vehicles LG Energy Solutions will be pumping an investment of $4.5 billion into production of batteries in the United States. The South Korea based company will be making this investment in the next four years. President of LG Energy Solution’s Michigan plant, Denise Gray said the company […]

Nokia and Samsung Sign a License Patent Agreement

Finnish telecommunication information technology company Nokia Oyj (HEL: NOKIA) announced having signed a license patent pact with South Korea leading tech giant Samsung Electronics Co (KRX: 005930) linked to its innovations in video standards. Nokia further revealed Samsung will be making paying its royalty payments nonetheless, it failed to disclose the financial agreement of the […]

South Korea’s Largest e-commerce Company Coupang Raises $4.2 Billion in U.S IPO

The largest e-commerce company in South Korea Coupang LLC (CPNG) announced having raised a whopping $4.2 billion from its United States initial public offering held on March 10. Insider sources revealed that the company sold shares at a price above the IPO target price. This goes down as the largest IPO of the year in […]

Just Eat Takeaway Expecting Continuous Growth in 2021

Europe based online food ordering and home delivering company Just Eat Takeaway.com (AMS: TKWY) says it’s expecting the growth rate it experienced last year due to increased orders to extend to 2021. Online orders for the company rapidly increased last year due to movement restriction imposed to stop fast spread of the virus. The company […]