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Regarding selling Flora and Fauna for $30 million, Julie Mathers said, Take the emotion out of it. .

The former CEO of EQT Thomas von Koch and IKEAs investment arm Ikeasfaren are supporting Qvantums announcement of a SEK 460 million €41.2 million fi

The former CEO of EQT Thomas von Koch and IKEAs investment arm Ikeasfaren are supporting Qvantums announcement of a SEK 460 million €41.2 million financing. The Swedish manufacturer of heat pumps is attempting to place more of them in metropolitan areas. The Nordic region is home to some of the largest heat pump implementations. According to reports, Helsinki is considering installing a 500MW heat pump system in its central city districts. Qvantum customises the design of its heat pumps to meet the requirements of certain buildings. There are 1.9 million heat pumps in use in Sweden. Read More..

B2B Tech News | 2 months ago        

Stranded Asset Risk from Africas $245 billion Planned Gas Investment.

Africa is currently undergoing a $245 billion planned expansion of its gas infrastructure, which poses a significant danger of stranded assets. A larg

Africa is currently undergoing a $245 billion planned expansion of its gas infrastructure, which poses a significant danger of stranded assets. A large portion of this gas is meant to address the immediate energy crisis in Europe. Planned investments in LNG export terminals outpace those in gas power projects for Africa. Only 1,872 kilometres of the expected 23,932 kilometres of gas pipelines in Africa are currently being built. With 24 and 20 mtpa, respectively, Nigeria and Mauritania have the highest indevelopment export capacities. Africas proposed gas pipeline expansion would cost $89 billion to complete. Read More..

B2B Tech News | 2 months ago        

The first day of trading for VNG shows no transactions yet.

On the first day of trading for tech giant VNG on Vietnams Unlisted Public Company Market, there was not a single transaction UPCoM. As previously rep

On the first day of trading for tech giant VNG on Vietnams Unlisted Public Company Market, there was not a single transaction UPCoM. As previously reported, approximately 35.8 million shares of VNG, the countrys first tech unicorn, began trading today on UPCoM under the ticker symbol VNZ. UPCoM is the board of directors for companies that have not yet been listed on the Hanoi Stock Exchange. The starting price is 240,000 dong US$10.22. Despite investor interest in purchasing over 113,000 shares of the company, the shares are still frozen in terms of liquidity at the time of writing. CEO Le Hong Minh owns more than 3.5 million shares, according to VNGs prospectus. Meanwhile, Vuong Quang Khai, VNGs vice president of web business and creator of the messaging app Zalo, has left the company. Read More..

B2B Tech News | 2 months ago        

As the German grocery app Flink works to reduce losses, sales have reached €400 million.

After a wave of mergers, Flink is one of the last independent grocery delivery startups left in Europe. After reaching €400 million in sales in 2022

After a wave of mergers, Flink is one of the last independent grocery delivery startups left in Europe. After reaching €400 million in sales in 2022, it anticipates that its main German business will turn a profit by the end of 2023. Flink has received over $700 million in funding from investors like Prosus and DoorDash. In the fourth quarter of 2023, Flink anticipates that its German operations will be profitable, taking into account a fair part of central corporate expenses. According to the companys statement on Thursday, the entire Flink business, including its subsidiaries in France and the Netherlands, should turn a profit by 2024. Read More..

B2B Tech News | 2 months ago        

Startups emerge from the ruins of the Big Tech purge.

Startups are rising from the ashes of Silicon Valleys widespread job losses. Earlystage funding was strong even if overall venture capital financing d

Startups are rising from the ashes of Silicon Valleys widespread job losses. Earlystage funding was strong even if overall venture capital financing declined 33% globally to $483 billion in 2022. More than 150,000 employees have been fired by tech behemoths like Meta, Microsoft, and Twitter. Just two months after starting fulltime at Meta Platforms, Nic Szerman was let go in November. He was a victim of the advertising markets collapse, which resulted in a drastic 13% drop in its staff. A few days later, he was back at work and looking for funding for his own business, Nulink. Read More..

B2B Tech News | 2 months ago        

Big plans for South Africas first helium plant in 2023—the R8 investment that could be worth R1.7 trillion.

Though it is significantly less frequent on Earth, helium is thought to be the secondmost plentiful element in the universe. The gas must be drawn fro

Though it is significantly less frequent on Earth, helium is thought to be the secondmost plentiful element in the universe. The gas must be drawn from natural gas wells because it cannot be synthesised. Renergen thinks that an 187,000hectare parcel of land in the Free State contains the largest helium resource in the world. They might have invested more than $100 billion in R8 at first roughly R1.7 trillion. Ceramic Industries and Ardagh Glass Packaging are the companys main LNG clients. It has been discussing with fleet owners how to partially gasconvert their heavyduty trucks. Read More..

B2B Tech News | 2 months ago        

Apple exports from Poland to South American nations are rising.

The apple variety that purchasers want to supply is the Gala Royal. Sales of this variety have raised the varietys price. In 2022, the South American

The apple variety that purchasers want to supply is the Gala Royal. Sales of this variety have raised the varietys price. In 2022, the South American market will be able to purchase Polish apples, according to Jakub Krawczyk, export manager for Appolonia. According to Jakub Krawczyk, director of the companys horticulture division, Appolonias new packaging plant has the capacity to handle even more orders. Appolonia has resumed delivering to consumers in Vietnam since those people are familiar with Polish apples and their qualities suit their requirements. Read More..

B2B Tech News | 2 months ago        

One more investor joins BMS Group.

Eurazeo, an investment firm, will buy up to 34% of BMS Groups stock, investing up to £355 million in the global broker. British Columbia Investment M

Eurazeo, an investment firm, will buy up to 34% of BMS Groups stock, investing up to £355 million in the global broker. British Columbia Investment Management Corporation BCI, Preservation Capital Partners PCP, and BMS staff and management own a portion of the brokerage, which has 28 offices in 14 countries. With the arrival of Eurazeo, the new investor and BCI will become majority shareholders. Meanwhile, BMS executives and employees will retain significant stock ownership. The transaction, which is subject to regulatory approval, confirms a previous report that BMS was potentially for sale. The company employs approximately 900 people across the United States, Canada, Latin America, Australia, Europe, and Asia. Read More..

B2B Tech News | 2 months 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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