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DCM Ventures to Offload Remaining Stake in Kuaishou, Targeting Up to $479 Million

To generate as much as $479 million, DCM Ventures intends to sell all of its remaining shares in Kuaishou Technology, a Chinese platform for short vid

To generate as much as $479 million, DCM Ventures intends to sell all of its remaining shares in Kuaishou Technology, a Chinese platform for short videos. Offering between HK$40.28 and HK$41.13 a share, the venture capital firm sells 91.66 million or 2.1% of Kuaishous outstanding shares. The deal, scheduled to close on Friday and settle by Tuesday, is being bookended exclusively by Morgan Stanley. Even though it was an early investor, DCM has been cutting back on its holdings in Kuaishou since its share pricepped 20% this year. On Thursday, however, the cost of the shares increased 4.9% to HK$42.1. Read More..

B2B Tech News | 1 years ago        

Japan to Implement LongTerm Monitoring System for Fukushima Water Discharge, Says China

The release of hazardous water from the Fukushima nuclear facility was the subject of an agreement between China and Japan in August, the Chinese fore

The release of hazardous water from the Fukushima nuclear facility was the subject of an agreement between China and Japan in August, the Chinese foreign ministry reported. Japan established an international monitoring system for an extended period, and the two countries agreed to allow stakeholders to carry out independent sampling and monitoring. Before "gradually" getting back into the import of Japanese aquatic products, China stressed the value of independent sampling. The Fukushima catastrophe has raised persistent worries about food product safety, which is highlighted by this development. Read More..

B2B Tech News | 1 years ago        

IndoStar Capitals Stock Jumps 14% After EQT Deal to Acquire Home Finance Division

Following the news of a $209 million agreement to sell its home lending division to private equity company EQT, shares of IndoStar Capital lending jum

Following the news of a $209 million agreement to sell its home lending division to private equity company EQT, shares of IndoStar Capital lending jumped to a threeyear high on Friday. Thanks to this purchase, IndoStar can now focus on its primary operations small business loans and auto financing. After the agreement is finalised, EQT intends to provide 5 billion rupees, or $59.84 million, to IndoStar Home Finance. Lenders are hopeful about government backing to break into this underserved sector, even if the demand for inexpensive homes in India trails behind that of the luxury category. Before levelling off with a 4.8% gain, IndoStar shares surged 14% to hit their highest level since August 2021. Read More..

B2B Tech News | 1 years ago        

Tokyo Metro Set for Historic IPO Aiming to Raise $2.25 Billion on October 23

With an eye towards Japans most extensive initial public offering IPO in the last six years, Tokyo Metro announced plans to list on the Tokyo Stock Ex

With an eye towards Japans most extensive initial public offering IPO in the last six years, Tokyo Metro announced plans to list on the Tokyo Stock Exchange on October 23. The firm hopes to raise a total of 319.55 billion yen $2.25 billion through the offering of shares at an estimated price of 1,100 yen apiece. The first underground line in Japan was created by Tokyo Metro in 1920, marking the beginning of its history. Besides that, Carlyle Groupbacked Rigaku, a manufacturer of Xray diagnostic equipment, intends to list on October 25 to raise $888 million and reach a $2 billion market valuation after the offering. Read More..

B2B Tech News | 1 years ago        

Playtika to Acquire SuperPlay in $1.95 Billion Deal, Expanding Game Portfolio

Playtika, a creator of mobile games, revealed on Wednesday that it will buy rival SuperPlay in a transaction that may fetch up to $1.95 billion. With

Playtika, a creator of mobile games, revealed on Wednesday that it will buy rival SuperPlay in a transaction that may fetch up to $1.95 billion. With the acquisition, Playtika will now own wellknown titles, including Dice Dreams and Bingo Blitz. A $700 million down payment is part of the agreement, and up to $1.25 billion in further consideration may be paid if SuperPlay meets specific financial goals over the following three years. Playtika is scheduled to update its yearly estimates during its thirdquarter results conference. The acquisition is anticipated to finalise in the fourth quarter. Israel serves as the home base for both businesses. Read More..

B2B Tech News | 1 years ago        

Dangote Refinery Begins Domestic Gasoline Sales NNPC as Sole Purchaser

The stateowned NNPC is the only buyer of domestic petrol from Nigerias 650,000 b/d Dangote refinery. With a crudeforgasoline exchange scheduled to sta

The stateowned NNPC is the only buyer of domestic petrol from Nigerias 650,000 b/d Dangote refinery. With a crudeforgasoline exchange scheduled to start in October and be paid in naira, NNPC is paying in US dollars for September supplies. Gasolines exrefinery price is $736/tonne, or 898.78 naira/litre $0.55/l. In contrast, its retail price in Lagos is N950.22/l, resulting from recent price increases brought on by a reduction in government subsidies. Fuel prices are discussed directly between parties by the Petroleum Industry Act. Over the weekend, the refinery produced 16 million litres, although it is now running below its daily output of 57 million. With NNPC beginning to deliver 385,000 barrels per day of oil next month, entire operations are anticipated by October or November. Other purchasers will have access to diesel. Read More..

B2B Tech News | 1 years ago        

Indonesias Parliament Approves $237 Billion Budget for 2025 with Key Social Initiatives

The Indonesian parliament passed the first budget of Presidentelect Prabowo Subianto for 2025 on Thursday. It allocated 3,621.3 trillion rupiah $237 b

The Indonesian parliament passed the first budget of Presidentelect Prabowo Subianto for 2025 on Thursday. It allocated 3,621.3 trillion rupiah $237 billion and was anticipated to have a fiscal deficit of 2.53% of GDP. The budget sets a revenue target of 3,005.1 trillion rupiah and predicts a 5.2% economic growth rate, a slight increase from the expected 5.1% expected for 2024. A 71 trillion rupiah free lunch program for kids is one of the budgets main priorities. Other plans include funding free health exams, building hospitals, remodelling schools and implementing food security measures. Read More..

B2B Tech News | 1 years ago        

Analog Devices and Tata Group Forge Partnership for Semiconductor Manufacturing in India

Analoge Devices ADI stated on Wednesday that the Tata Group and ADI had agreed to investigate semiconductor production in India. To build Indias first

Analoge Devices ADI stated on Wednesday that the Tata Group and ADI had agreed to investigate semiconductor production in India. To build Indias first semiconductor production factory in Gujarat and a chip assembly and testing plant in Assam, Tata Electronics, a division of the Tata group, is investing $14 billion. The deal aims to maximise these facilities to produce ADIs semiconductor goods. This program bolsters Prime Minister Narendra Modis goal of making India a centre for semiconductors worldwide. Related news includes Larsen & Toubros plans to build an automobile chip facility and the $10 billion investment by the Adani Group and Israels Tower Semiconductor in a semiconductor project in Maharashtra. Read More..

B2B Tech News | 1 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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