Markets

Slack Technologies Inc. (WORK) the parent company of workplace messaging app Slack reported its results for the second quarter of the year in which it recorded declining growth rate which the company attributes to the coronavirus pandemic. “In Q2, growth in many of our customers contracted or flattened versus normal seasonal trends. In August, growth […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

The South Korean unit of IPhone maker Apple Inc. (AAPL) is setting aside 100 billion won ($84.02 million) to support initiatives for small business entities, consumers and other involved parties. This revelation was made by Korea Fair Trade Commission (KFTC) following allegations that Apple was using its dominance to its advantage by forcing mobile carries […]