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Chinas once successful tech giants are now looking to cut costs

Martin Lau, Tencents chairman, said it was pulling back from noncore businesses such as online education, ecommerce, and game live streaming. Tencents

Martin Lau, Tencents chairman, said it was pulling back from noncore businesses such as online education, ecommerce, and game live streaming. Tencents sales and marketing expenses in Q2 fell 21% compared to the same period last year. Compared to the first quarter, the number of employees of the Shenzhenbased company also decreased by 5 thousand. When Alibaba and Tencent are expensive for investors, they guarantee that they will invest in the future. Tencent Wechat, Wechat App at the largest message in China. Alibaba has focused on growing its cloud computing business, which industry executives and investors believe is key to boosting the companys profitability. Read More..

B2B Tech News | 2 years ago        

Vodafone to sell Hungarian business for $1.8 billion

The British company, Vodafone, will receive $1.8 billion in cash for the sale of its Hungarian operations. The Hungarian 4iG IGNY.BU and staterun Corv

The British company, Vodafone, will receive $1.8 billion in cash for the sale of its Hungarian operations. The Hungarian 4iG IGNY.BU and staterun Corvinus Zrt, the buyers, were informed of the nonbinding terms that had been reached by the British mobile phone and broadband group. In a statement, Vodafone Chief Executive Nick Read said that the Hungarian government has a clear plan for creating a Hungarianowned national champion in the information and communications technology industry. Read More..

B2B Tech News | 2 years ago        

Bots at Siam Commercial Bank are expanded

Siam Commercial Bank Singapore has grown its use of robotic process automation RPA bots from 10 to 70 over the past four years. Wisanu Sricharoen told

Siam Commercial Bank Singapore has grown its use of robotic process automation RPA bots from 10 to 70 over the past four years. Wisanu Sricharoen told last months SS&C Blue Prism World conference that SCB had started its automation journey in 2017, initially with VBA before shifting alliances to Blue Prism. The banks application estate is 600plus, and the interconnections and interdependencies are not always immediately clear. You need to understand automation, blue prism, AI, ML and data, he said. Read More..

B2B Tech News | 2 years ago        

Gas prices in Europe are rising as Russias latest plan to cut supplies raises concerns

For weeks, the Nord Stream pipeline has kept Europe on edge. On August 31, the pipeline will be shut down for three days of maintenance. Germany urged

For weeks, the Nord Stream pipeline has kept Europe on edge. On August 31, the pipeline will be shut down for three days of maintenance. Germany urged energy conservation and warned Moscow not to reduce supplies any further. We should expect Putin to cut gas further, the German economy minister said. At 1002 a.m., the European benchmark Dutch frontmonth contract increased by 15% to 281.86 euros per megawatthour. within Amsterdam. On Friday, it increased for the longest streak of the year—a fifth straight week. On Monday, the UK equivalent increased by 16%. Read More..

B2B Tech News | 2 years ago        

UAE investment in Egypt increased by 169% in the first half of 2022

UAE investments in Egypt reached $1.9 billion in the first half of 2022, up 169% yearonyear. Egypts Office for Public Mobilization and Statistics CAMP

UAE investments in Egypt reached $1.9 billion in the first half of 2022, up 169% yearonyear. Egypts Office for Public Mobilization and Statistics CAMPAS said the UAE invested $712.6 million in the same period last year. Remittances from Egyptians working in the UAE reached $3.5 billion in the 20202021 fiscal year, up 1.4 billion percent to $3.4 billion in the 20192020 fiscal year. The release of these figures coincides with the visit of UAE President Sheikh Mohammed bin Zayed to Egypt on Sunday evening to meet with Egyptian President Abdel Fatah alSisi to discuss bilateral relations and regional and global concerns. , WAM reported, the official Emirates news agency. Read More..

B2B Tech News | 2 years ago        

LTS takes the next step in its development by acquiring Tapemark Inc.

Tapemark Inc. was purchased by Lichtmann TherapieSysteme AG LTS in St. Paul, Minnesota. Oral thin films and transdermal drug delivery systems are Tape

Tapemark Inc. was purchased by Lichtmann TherapieSysteme AG LTS in St. Paul, Minnesota. Oral thin films and transdermal drug delivery systems are Tapemarks areas of expertise. LTS will provide a portfolio of drug delivery knowledge that is even more comprehensive. The acquisition enhances our R&D capabilities in North America, enabling us to support players creating novel therapies with more innovation and development. That puts us in a better position to meet the needs of our customers who want a single partner to help them from the feasibility stage through commercialization. Read More..

B2B Tech News | 2 years ago        

Sequoias Surge launches 15 startups from India and SEA in seventh cohort

Sequoia Capital India and Southeast Asia have selected 15 startups for the 7th cohort of the Surge accelerator program. The Surge program initially is

Sequoia Capital India and Southeast Asia have selected 15 startups for the 7th cohort of the Surge accelerator program. The Surge program initially issued checks of $1 million to $2 million each to startups but has since increased the amount of support to $3 million. Sequoia said its cohort includes several startups it worked with when there was no product, as well as companies led by founders and returning entrepreneurs. Many startups in the new cohort are building for global markets and serving audiences outside their headquarters. Read More..

B2B Tech News | 2 years ago        

Omnibiz, a Nigerian B2B ecommerce platform, raises millions to attract and keep retail clients

Omnibiz is a Lagosbased B2B ecommerce platform. It connects fastmoving consumer goods FMCGs manufacturers to retailers by digitizing the supply chain.

Omnibiz is a Lagosbased B2B ecommerce platform. It connects fastmoving consumer goods FMCGs manufacturers to retailers by digitizing the supply chain. The startup raised $3 million last August to expand into new markets within Nigeria. Omnibiz has an active retail sample. Various performance statistics are trying to share the number of retailers to share the total product GMV and the number of retailers and retailers. Other VC firms such as Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital, and Musha Ventures also participated. The company expects to increase the number of daily active retailers on the platform to 10,000 in the next year. Nikos Katsaounis, Emerging Markets Partner at VC Timon Capital, said his company invested in Omnis because it believes it has solved a muchneeded problem. Read More..

B2B Tech News | 2 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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