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ByteDance to Dish Out Cash Bonuses to Employees to Help Them Overcome Challenging Times

ByteDance the parent company of short video sharing app Tiktok has announced that it will be dishing out cash bonuses to its employees to help them overcome challenges and inefficiencies brought about by coronavirus pandemic. According to the company’s internal memo full time employees who have worked equal or more than 26 days between July […]

Samsung Secures Contract to Supply Verizon With 5G Equipment

Tech giant Samsung Electronics (005930) has announced having secured a contract worth $6.64 billion to supply U.S based telecommunication equipment company Verizon Inc. (VZ) with 5G network equipment. Samsung is becoming a beneficiary of its competitor’s woes Huawei Technologies which has been banned from undertaking any 5G project in the United States by Trump’s administration […]

Goldman Sachs Participating in Ant’s Giant IPO Dubbed ‘World’s Largest IPO’

America based investment bank Goldman Sachs Inc. (GS) becomes the latest entry in the list of investment banks interested in participating in upcoming initial public offering of Chinese financial technology company Ant Group. Reliable insider sources are valuing the IPO at $30 billion making it the world’s ever largest IPO. Additionally the sources said the […]

Yum China Looking Forward to Raise $2.2 Billion From Secondary Hong Kong Listing

Chinese based American fast food restaurant Yum China Inc. (YUMC) is looking forward to raise $2.2 billion from its upcoming secondary listing in the stock exchange of Hong Kong. Insider information indicates the company will be selling its stock at HK$412 per share. The company said it will floating 41.91 million shares in Hong Kong, […]

Skillz to Get Listed Through Merger With Flying Eagle

Game developer Skillz Inc. is set to go public on New York Stock Exchange through a merger deal with a blank check company Flying Eagle Acquisition Corp. (FEAC) A blank check company is also known as a special purpose acquisition company (SPAC) and it uses cash fetched from its initial public offering to purchase another […]

Apple Set to Unveil 5G Enabled IPhone Models Next Month

Finally, the long awaited 5G enabled IPhone will be hitting the markets soon, IPhone maker Apple Inc. (AAPL) has revealed that it will be unveiling its first 5G enabled IPhones next month. This news was first reported on Bloomberg news. Apple is looking forward to launching 4 different 5G enabled IPhone models. These models will […]

Zoom Raises its Annual Targets After Beating Quarterly Estimates

Technology company Zoom Video Communications Inc. (ZM) has increased its annual revenue and sales targets after comfortably beating analysts’ estimates in the second quarter of the year. The company raised its target for annual revenue by 30%. Zoom is now looking forward for revenue between $2.37 billion to $2.39 billion in the fiscal year 2021. […]

Abano Healthcare Enters Into a $80 Million Purchase Deal With Consortium

New Zealand based pharmaceutical company Abano Healthcare Group (NZE: ABA) has announced having entered into a purchase agreement worth $80 million with a consortium. This new agreement comes months after a similar deal was thwarted following decreased performance by the provider of medical services due to the pandemic. The revised deal will be an all […]

Kevin Mayer Resigns as TikTok Chief Executive

Chief Executive Officer of Chinese short video sharing app TikTok Kevin Mayer, has resigned from the company less than three months after TiKTok had poached him from mass media company Walt Disney Co. (DIS) where he was serving as chief of streaming. Mayer’s resignation comes at a time when TikTok is on the chopping board […]

South Korea Contemplating a Fourth Supplementary Budget if Pandemic Persists

South Korea has expressed considerations of drafting a fourth supplementary budget this year if the pandemic persists longer. The revelation was made by South Korea’s minister Hong Nam-ki who said the pandemic has affected the country’s economy far more than the government was anticipating. In the first days of the pandemic, South Korea was emerging […]