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BYD Launches Three Electric Vehicle Models in Indonesia

The worlds largest electric car manufacturer, BYD of China, has debuted three batteryelectric vehicles in Indonesia as part of its strategy to increas

The worlds largest electric car manufacturer, BYD of China, has debuted three batteryelectric vehicles in Indonesia as part of its strategy to increase its market share in the largest economy in Southeast Asia. With most of its sales in China, BYD overtook Tesla as the leading global electric vehicle manufacturer in the fourth quarter. With a $1.3 billion investment in facilities capable of producing 150,000 vehicles, the business hopes to take advantage of Indonesias booming demand for electric vehicles. Indonesia is pushing hard to adopt electric vehicles and draw capital to support regional supply chains and battery manufacturing. Read More..

B2B Tech News | 1 months ago        

TSMC Forecasts Over 20% Revenue Growth Driven by AI Demand

The biggest contract chipmaker in the world, Taiwan Semiconductor Manufacturing Co. Ltd. TSMC, has forecasted stable capital investment for the curren

The biggest contract chipmaker in the world, Taiwan Semiconductor Manufacturing Co. Ltd. TSMC, has forecasted stable capital investment for the current year and expects over 20% revenue growth driven by Artificial Intelligence AI demand. In addition to announcing plans to increase its worldwide production footprint, including the anticipated start of building at its fab site in Germany later this year, TSMC also posted a quarterly net profit above market forecasts. Despite beating market expectations, the corporation reported a 19% decline in net profit for October–December. TSMC anticipates sales growth in the low to mid20% range in US dollars in 2024. Read More..

B2B Tech News | 1 months ago        

Blackstone Expanding Singapore Private Equity Team to Capitalize on Southeast Asia Deals

Over the next two years, Blackstone, the worlds most prominent alternative asset manager, intends to treble the number of employees in its Singaporean

Over the next two years, Blackstone, the worlds most prominent alternative asset manager, intends to treble the number of employees in its Singaporean private equity operation. Through this development, the asset management hopes to become closer to its investor base, which consists of family offices, sovereign wealth funds, and private investors, as well as capitalise on the increasing number of deals in Southeast Asia. Due to economic and geopolitical unrest, Blackstone has opened offices in Singapore and is joining other international asset managers. With a minimum deal size of $150 million, the business concentrates on valueadded industry, consumer, healthcare, financial services, and technology. Read More..

B2B Tech News | 1 months ago        

Nigerias Dangote Petroleum Refinery Starts Production, Aiming for SelfReliance

The Dangote Petroleum Refinery in Nigeria, Africas largest oil refinery, has started operations, which is a significant step forward for the refining

The Dangote Petroleum Refinery in Nigeria, Africas largest oil refinery, has started operations, which is a significant step forward for the refining capability of the area. The $19 billion plant, owned by Nigerian businessman Aliko Dangote, can generate 650,000 barrels of gasoline daily and already produces aviation fuel and diesel. Nigeria has historically imported refined petroleum products, a significant oil producer. With 40% more fuel available for export, the Dangote refinery hopes to meet Nigerias domestic demands for kerosene, petrol, diesel, and aviation jet fuel. The facility is essential to Nigerias ability to refine itself independently. Read More..

B2B Tech News | 1 months ago        

Vodafone and Microsoft Forge $1.5 Billion AI Partnership for Customer Services and IoT Expansion

Vodafone and Microsoft have partnered for ten years to offer cloud, digital, enterprise, and generative AI services to more than 300 million customers

Vodafone and Microsoft have partnered for ten years to offer cloud, digital, enterprise, and generative AI services to more than 300 million customers and organisations in Europe and Africa. Vodafone invested $1.5 billion in customerfocused AI created using Microsofts Copilot and Azure OpenAI technology. Microsoft has agreed to invest stock in Vodafones managed IoT platform, which is scheduled to be spun off as a separate company by April 2024. Microsoft will also help expand Vodafones mobile finance platform throughout Africa. The collaboration intends to improve IoT and financial services capabilities while utilising AI to revolutionise client services. Read More..

B2B Tech News | 1 months ago        

UK Ecommerce Firm THGs Ingenuity Collaborates with Holland & Barrett for Enhanced Online Presence

The UK ecommerce business THG announced a new collaboration between Holland & Barrett, a UK wellness retailer, and its online platform, Ingenuity. Uti

The UK ecommerce business THG announced a new collaboration between Holland & Barrett, a UK wellness retailer, and its online platform, Ingenuity. Utilising automated facilities in the UK is part of the agreement. THG said that its performance for the fourth quarter and the entire year aligns with projections and expectations. THGs exclusive operating platform and technology, Ingenuity, helps companies with data science, marketing, and logistics related to ecommerce. The alliance with Holland & Barrett indicates THGs ongoing growth and partnerships with wellknown companies in the wellness and ecommerce industries. Read More..

B2B Tech News | 1 months ago        

Wizz Air Loses Legal Battle Over Romanias €36.66 Million Aid to TAROM

Wizz Air has lost its legal case against Romania for giving TAROM, a stateowned airline, €36.66 million $40.2 million in rescue relief. The Court of

Wizz Air has lost its legal case against Romania for giving TAROM, a stateowned airline, €36.66 million $40.2 million in rescue relief. The Court of Justice of the European Union CJEU, the highest court in the European Union, maintained the European Commissions decision to authorise the aid. The European Commission approved considerable state help to several airlines during the COVID19 pandemic however, competitors challenged this decision in court. The CJEU determined Romanias loan to TAROM to meet its liquidity needs was legal under EU law. Read More..

B2B Tech News | 1 months ago        

EthiopiaSomaliland Deal for Coastline Lease Economic Implications Explored

The agreement between Somaliland and Ethiopia to lease a 20kilometer section of coastline has critical economic ramifications. Ethiopia diversifies it

The agreement between Somaliland and Ethiopia to lease a 20kilometer section of coastline has critical economic ramifications. Ethiopia diversifies its maritime routes, lessening reliance on a single corridor and cutting shipping costs by gaining access to the Red Sea outside Djibouti. The efficiency of regional commerce may benefit from this action. Its successful integration and execution into current trade networks, however, are prerequisites. The attraction of Somalia to the global world will depend on diplomatic ties, geopolitical dynamics, and stability. The pact highlights Somalias strategic importance, but more extensive variables will influence foreign support. The rise of FCFA in Ghana and Nigeria demonstrates these countries inclination for the currencys relative stability and ease of conversion. Read More..

B2B Tech News | 1 months ago        



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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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