Money

Intel’s Autonomous Driving Car Unit Mobileye Set to go Public Next Year

World leading chip manufacturer Intel Corp. (INTC) says that its autonomous driving car division Moblileye will be going public come next year. Sources directly involved with the matter says Mobileye will be having its United States initial public offering (IPO) mid-next year, the IPO is set to leave the company with a $50 billion market […]

SenseTime Launches Honk Kong IPO Seeking to Raise $767 Million

Honk Kong based artificial intelligence company SenseTime Group has launched its Hong Kong initial public offering (IPO) in which it seeks to raise $767 million from, according to a term sheet revealed on December 6. Citing the term sheet, the company will be selling 1.5 billion primary shares with each shares going for between HK$3.85 […]

Blue Prism Agrees to $1.65B Takeover Deal From Fintech Company SS&C

Britain based software company which developing intelligent robotic process automation Blue Prism Group Plc. says that it has agreed to a $1.65 billion takeover deal from United states based financial technology company SS&C Technologies (SSNC). SS&C Technologies is a leading cloud-based provider of financial services technology solutions. By Blue Prism accepting this takeover deal, it […]

Samsung to Supply Volkswagen With New Advanced Auto Chip

Leading tech giant and manufacture of chips and consumer electronics Samsung Electronics Co. (KRX: 005930) will be supplying German automotive manufacturer Volkswagen Group (ETR: VOW3) with new advanced auto chips to be used in cars. These chips will include one which will be mounted on infotainment system developed by electronics company LG Electronics Inc. (KRX: […]

Xiaomi Set to Open EV Plant With 300,000 Annual Output

China based designer and manufacturer of consumer electronics Xiaomi Corp. (HK: 1810) says that it will be building an electric vehicle plant with annual production capacity of 300,000 electric vehicles. The company made this announcement during the past weekend. According to the announcement, this plant will be constructed in two phases, the company will also […]

China Seeking to Stop Delisting of Chinese Companies From U.S Stock Markets

China’s market regulator, China Securities Regulatory Commission, says that its working hard with United States market regulators with an aim to stop Chinese getting delisted from US stock markets when they fail to meet auditing standards used in the United States. For quite some time now, this has been a major issue as Chinese companies […]

Ant Group Valuation Reduced by 15% to $191 Bilion by Warburg

New York based private equity company majorly focusing on private equity Warburg Pincus LLC has reduced its valuation of Chinese fintech company running China’s largest digital payment platform Ant Group by 15% to $191 billion. This information was leaked by an insider source from Warburg who has direct access to knowledge on the matter. The […]

Ericsson Set to Acquire Vonage For $6.2 Billion

Manufacturer of mobile telecommunication and networking equipment Ericsson (STO: ERIC-B) announced having agreed to acquire United States based provider of business cloud communications Vonage for $6.2 billion. “The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering existing customers an […]

Honda Requests Parts Suppliers to Cut Down Carbon Emissions

Japan based automobile manufacturer Honda Motor Co. (TYO: 7267) is asking suppliers of its main parts to annually reduce carbon emissions by 4%. The company which also produces power equipment made this plea on November 16 according to Nikkei. Honda further says that it aiming to begin implementing 2025 fiscal year targets which is set […]

A Group of U.S States Files Updated Antitrust Complaint Against Google

A number of U.S states have filed an updated antitrust complaint against Alphabetic Inc. (GOOGL) the parent company of leading search engine Google. In the lawsuit, the states are accusing the company of breaking antitrust law and using forceful tactics to boost its already dominant ad business. The company has been facing a string of […]