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Chinese company Leapmotor raises $800 million in Hong Kong IPO

Chinese electric vehicle maker Zhejiang Leapmotor Technology will raise $800 million in its Hong Kong IPO at a price of HK$48 $6.12 each. Even if the

Chinese electric vehicle maker Zhejiang Leapmotor Technology will raise $800 million in its Hong Kong IPO at a price of HK$48 $6.12 each. Even if the $1.03 billion power producer doesnt want to raise money, this years IPO will still be the biggest in town. Calb has collected up to $ 1.7 billion from the IPO, which made the largest new stock in Hong Kong in 2022. We plan to use IPO funds for research and development and production capacity. Hong Kong IPO size fell nearly 90% as global markets continue to come under pressure from regulatory uncertainty in China. Read More..

B2B Tech News | 3 years ago        

The United Arab Emirates has an energy contract with Germany on LNG. delivery

The UAE has signed an agreement with Germany to promote energy security and industrial growth. Abu Dhabi National Oil Company ADNOC has signed a contr

The UAE has signed an agreement with Germany to promote energy security and industrial growth. Abu Dhabi National Oil Company ADNOC has signed a contract to supply liquefied natural gas LNG to German energy company RWE.ADNOC. The first cargo for the pilot operation of the floating natural gas terminal at Brunsbüttel is expected to be delivered by the end of 2022. . In addition, ADNOC has booked some additional LNG shipments in 2023 for German customers only. ADNOC also completed the first direct supply of diesel from the UAE to Germany in September 2022 and Wilhelm Hoyer GmbH & Co. KG has agreed to supply up to 250,000 tonnes of diesel per month until 2023. Read More..

B2B Tech News | 3 years ago        

Egypt aims to raise up to $6 billion by selling government bonds by June 2023

Egypt hopes to raise $6 billion by selling shares in staterun corporations. The scheme can involve block sales to strategic investors or public share

Egypt hopes to raise $6 billion by selling shares in staterun corporations. The scheme can involve block sales to strategic investors or public share offers. Egypts minister of planning, Hala Elsaid, did not specify which businesses would be sold. As part of its efforts to strengthen an economy battered by Russias invasion of Ukraine, Egypt aims to draw more foreign direct investment. Along with that, it is negotiating a new loan with the IMF. Read More..

B2B Tech News | 3 years ago        

Housing.com will employ around 200 people in FY23. Investment in technology, promotion

In the fiscal year 2021–22 July–June, REA Indias revenue increased by 92% to approximately Rs 300 crore. Strong home demand following the second w

In the fiscal year 2021–22 July–June, REA Indias revenue increased by 92% to approximately Rs 300 crore. Strong home demand following the second wave of the epidemic, according to CEO Dhruv Agarwala, is what caused both Housing.com and PropTiger.coms revenue to increase. Australias REA Group purchased a majority share in Elara Technologies, the company that controlled all three portals, in December 2020. Agarwala Because of COVID, peoples perceptions of and interactions with homes have changed. Everyone realised that their home was the only place they felt protected. Read More..

B2B Tech News | 3 years ago        

Finastra and Visa collaborate to launch global BaaS offering

Finastra and Visa announced a Banking as a Service BaaS partnership to jointly develop new capabilities for the Payments Hub solution. The new feature

Finastra and Visa announced a Banking as a Service BaaS partnership to jointly develop new capabilities for the Payments Hub solution. The new feature gives Finastra Banking customers access to crossborder payment options in multiple currencies and countries for SMEs and individuals worldwide. Innovation in crossborder remittances is accelerating at an alarming rate, and banks are harassed to quickly implement and launch programs that exceed customer expectations, said Ruben Salazar Genovez, SVP, Global Head, Visa Direct there, he said . Barry Rodriguez, vice chairman of Payments at Finastra, said This BaaS partnership enables banks to integrate Visa products, giving banks more options for his or her customers when routing crossborder payments. Read More..

B2B Tech News | 3 years ago        

Global Biodegradable Plastics Market to Grow to $23.3 Billion 16.4% CAGR by 2030 Global Insights and Consulting.

Agriculture is expected to grow the fastest due to the increasing use of biodegradable cover films in agriculture. Traffic disruptions across the worl

Agriculture is expected to grow the fastest due to the increasing use of biodegradable cover films in agriculture. Traffic disruptions across the world hamper the logistics of many companies, affecting the market growth during the forecast period. The rapid expansion of singleuse plastics in the mask and glove industry is impacting the biodegradable plastics market. PLA is expected to grow the fastest due to increased use in food packaging as a sustainable resource. The US market is expected to expand significantly during the forecast period, driven by the growing demand for biobased packaging in the food and consumer goods sector. Read More..

B2B Tech News | 3 years ago        

SoftBank cuts Oyos intrinsic value by $10 billion to $2.7 billion

At a time when the startup is still months away from going public, SoftBank, Oyos largest investor, has reduced the Indian hotel chains valuation to $

At a time when the startup is still months away from going public, SoftBank, Oyos largest investor, has reduced the Indian hotel chains valuation to $2.7 billion, according to a source familiar with the situation. A representative for Oyo claimed that the startup has improved its financial situation recently and that it considers the rumours of a valuation reduction to be untrue. The spokesperson added that there is no rational basis for the markdown. SoftBank opted not to respond. Oyos startup claims that SoftBank owns 45% of the company. Read More..

B2B Tech News | 3 years ago        

Alibaba Cloud commits $1 billion to boost international cooperation

Alibaba announced a $1 billion investment in a global partner ecosystem upgrade. The money will are available in both financial and nonfinancial incen

Alibaba announced a $1 billion investment in a global partner ecosystem upgrade. The money will are available in both financial and nonfinancial incentives, including funding, rebates and gotomarket initiatives. the corporate is consistently recruiting local partners to require on responsibilities like sales, technical support and customer services. Alibaba Cloud currently has around 11,000 partners worldwide, including Salesforce, VMware, Fortinet, IBM and Neo4j. Even earlystage Chinese companies are joining the technological bifurcation.TikTok reportedly moved off Alibaba Cloud and moved all its U.S. data to Oracle servers. The countrys data law bans user data from leaving its borders, that the likes of Apple and Tesla have long been storing Chinese user data in domestic cloud centers. Read More..

B2B Tech News | 3 years 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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