Markets

China based financial technology company Ant Group is reportedly seeking ways to divest the investment of Chinese billionaire Jack Ma in the company due to estranged relation between Jack Ma and the Chinese authorities. Ant Group is an affiliate of leading Chinese e-commerce platform Alibaba Inc. (BABA) the company also owns Alipay, China’s biggest online […]

The United States House of Representative Judiciary Committee has approved a bill seeking to ban big tech companies from making any further acquisitions or merger deals. This proposal was introduced by Missouri Senator Josh Hawley earlier in the week. According to the proposal big tech companies are defined as tech companies with over a market […]

The chief executive officer of Japanese multinational conglomerate Toshiba Corp. (TYO: 6502) Nobuaki Kurumatani has resigned from the company after serving in the position for three years. The former CEO rendered his resignation letter on April 13, this announcement comes at a time when the company is considering a $20 billion private takeover bid from […]

In recent times Chinese billionaire and founder of leading Chinese e-commerce company Alibaba Group Holding Ltd. (BABA) Jack Ma has been at loggerheads with the Chinese authorities following some fall out. The Chinese government has slapped Alibaba with a record antitrust fine totaling to 18 billion yuan ($2.75 billion) a development which for sure will shake […]

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 […]

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, […]

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 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 […]

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 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. […]