Markets

Toyota Launches New Cars With Advanced Driving Technology

Japan based automotive manufacturer Toyota Motor Corp. (TYO: 7203) has unveiled a string of new cars which are equipped with advanced driving assist technology. This advanced technology allows safe driving and wireless software updates. Toyota unveiled its new Lexus and Mirai models in Japan as the only cars equipped with the new technology at the […]

Facebook Accused of Leaking Personal Data of Over 500 Million Users

Pioneer social media platform Facebook Inc. (FB) is being accused of leaking personal data of at least 500 million users of the Facebook social network. A hacker group is claiming to be in possession of personal data belong to over 500 million users. This set of data includes mobile numbers and other personal data. However, […]

TSMC Investing $100 Billion to Scale Up Chip Production

Leading global chip manufacturer Taiwan Semiconductor Manufacturing Company (TPE: 2330) will be investing $100 billion over the next three years to scale up its chip manufacturing capacity. Currently, the Taiwan based company is the world’s largest contract chip producer. Some of the largest clients for TSMC include Qualcomm Inc. (QCOM) and IPhone manufacturer Apple Inc. […]

Apollo’s Affiliate SPAC Seeking to Raise $400 Million From its IPO

Apollo Strategic Growth Capital III, a Special Purpose Acquisition Company backed by investment manager firm Apollo Global Management Inc. (APO) is looking forward to raise $400 million from its initial public offering in the United Sates. Citing a regulatory filing, Apollo Strategic is aiming to sell 40 million units comprising of warrants and shares. The […]

Uber Reopening San Francisco Offices with 20% Occupancy

Widely used ride hailing company Uber Technologies Inc. (UBER) will be reopening its offices at Mission Bay, San Francisco come March 29. However, Uber says it will be reopening the offices with reduced occupancy capacity of 20%. The company has not yet determined the 20% who will return to work at the office but it […]

PUBG Has Been Downloaded Over 1 Billion Times Since its Release in 2018

PUBG mobile, the mobile version of Playerunknown’s Battlegrounds has been downloaded over 1 billion times since it was launched back in 2018. This data was released by Tencent Holdings the parent company of the smartphone action game. The game involves a group of players fighting each other until there is only one fighter left standing. […]

Robinhood Confidentially Files for IPO

Commission free online brokerage company Robinhood Markets Inc. has confidentially filed for an initial public offering with market regulators. The company made this announcement without going into details about the IPO. This IPO filing comes at a time when United States capital markets have been booming due to increased trading activities and companies going public […]

Tesla to Shut Down if its Cars are Used to Spy Says Musk

Unconfirmed stories have been making rounds across social platforms suggesting cars from leading electric car manufacturer Tesla Inc. (TSLA) have been prohibited by Chinese military from entering complexes in China citing security concerns due to security cameras mounted on the vehicles. Well, during the weekend CEO of the company Elon Musk had a video interview […]

Leading Chinese Search Engine Baidu Planning a $3.08 Billion Hong Kong IPO

Leading Chinese search engine Baidu Inc. (BIDU) is preparing for a secondary listing in the Hong Kong Stock Exchange with an aim of fetching $3.08 billion from the initial public offering. Sources linked to this matter directly revealed that the company will be pricing its IPO price at HK$252 ($32.45) apiece offering 95 million shares […]

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 […]