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Alibaba, a Chinese company, fights to maintain its New York Stock Exchange listing despite an audit dispute

Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The com

Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The company was the latest of more than 270 companies added to the SECs list of USbased Chinese companies filed on Friday. The Foreign Corporations Accountability Act HFCAA aims to resolve longstanding disputes over audit compliance for Chinese companies incorporated in the United States. External auditing of business documents by local accounting firms has been banned in Beijing. Analysts estimate that Alibaba stock could raise $21 billion from major investors via StockConnect. Read More..

B2B Tech News | 2 years ago        

Shareholders task insurers on education investments

The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the

The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the standard of education for Nigerians. Dr. Anthony Omojola, the chairman of the Independent Shareholders Association of Nigeria ISAN, thanked the company for the dividend payment at a time when the majority of businesses arent considering the welfare of their shareholders. Segun Adebanji, the CEO of the insurance company, advised the companys managers and stockholders to continue the growth trajectory despite the challenging business environment. Additionally, the shareholders praised Cornerstone Insurance Plc for creating jobs, maintaining a gross premium income GPI of N20.9 billion, and paying dividends on time. Read More..

B2B Tech News | 2 years ago        

The potential of offshore wind energy in Latin America

30 years after the installation of the worlds first offshore wind farm, Latin America is starting to show interest. Offshore wind power provides more

30 years after the installation of the worlds first offshore wind farm, Latin America is starting to show interest. Offshore wind power provides more reliable and scalable generation than conventional wind power. Avoid the territorial disputes that often arise in offshore wind farms. Brazil and Colombia took the first steps towards industrial development. The offshore wind industry has seen rapid growth, particularly in China and OECD countries. Last year, the wind industry set a record for new offshore wind installations with a global capacity of 21 GW. Brazil and Colombia are the countries most advanced in offshore wind legislation. The World Bank has estimated the technological potential of about 8,000 GW in the regions watershed. Read More..

B2B Tech News | 2 years ago        

Natixis Corporate Banking and Investments is financing a $70 million acquisition of apartment buildings in Maryland

Natixis Corporate & Investment Banking provided $70.01 million in floating rate financing over five years to subsidiaries of Rose Valley Capital, a su

Natixis Corporate & Investment Banking provided $70.01 million in floating rate financing over five years to subsidiaries of Rose Valley Capital, a subsidiary of Hampshire Properties, to finance the acquisition of The Fields at Rock Creek, a multifamily home of 314 units Class A property, open, located in Frederick, Maryland. Natixis Corporate & Investment Banking has initiated a fiveyear, $70.01 million floating rate financing to fund the acquisition of The Fields at Rock Creek, a 314unit Class A multifamily home in Frederick, Maryland. The property is located at the intersection of I270 and I70 and provides convenient access to Washington, D.C. and Baltimore. Read More..

B2B Tech News | 2 years ago        

With a focus on Web3, Singapores Insignia seeks USD 516 million for ASEAN businesses

Singapore based venture capital firm Insignia Ventures Partners announced on Monday that it has raised $516 million to invest in Southeast Asian start

Singapore based venture capital firm Insignia Ventures Partners announced on Monday that it has raised $516 million to invest in Southeast Asian startups. Invested in private companies or unicorns valued at over $1 billion, such as Carro, an online car marketplace based in Singapore. The total amount raised is more than double the $200 million raised for the second fund in 2019. This reflects a strong interest in Southeast Asias startup sector despite the global decline in tech valuations. Pressure on Chinas tech industry has turned investors elsewhere. Read More..

B2B Tech News | 2 years ago        

The US Senate passed a bill to increase chip production, breaking Chinas dominance

This bill, known as the Science and Knowledge Act, was approved by a vote of 64 to 33. It will now head to the House, where lawmakers hope to pass it

This bill, known as the Science and Knowledge Act, was approved by a vote of 64 to 33. It will now head to the House, where lawmakers hope to pass it and send it to the White House for Bidens approval. US semiconductor production, once accounting for nearly 40% of the worlds supply, has dropped to just 12%, while Chinas share is increasing. America is at risk of falling behind economically and technologically to a world power that does not value liberty or even respect human life, Young said. This is a very real economic and national security vulnerability, he said. Young concluded the bill will unleash private sector innovation while significantly boosting federal national security investments. Science and Knowledge Act Read More..

B2B Tech News | 2 years ago        

Tower Crane Market Growing Demand for Tall Buildings for Market Growth and Segmentation

The report, Tower Cranes Market by End User Infrastructure, Residential and Commercial and Geography APAC, North America, Europe, Middle East and Afri

The report, Tower Cranes Market by End User Infrastructure, Residential and Commercial and Geography APAC, North America, Europe, Middle East and Africa and South America Forecast and Analysis 20222026.has been added to Technavios collection. Action Construction Equipment Ltd., Fangyuan Group Co. Ltd., FMGru Srl, Hyundai Everdigm Corp., and Shandong Dahan Construction Machinery Co. are just a few of the industry vendors profiled in the report. Technavio has happily collaborated with more than 100 Fortune 500 organisations for more than 16 years and holds ISO 90012015 certification. Read More..

B2B Tech News | 2 years ago        

BP opens first 300 kW superfast charging station for electric trucks

To support the decarbonisation of the industry, BP has unveiled its first ultrafast charging facility for medium and heavyduty electric trucks. The Sc

To support the decarbonisation of the industry, BP has unveiled its first ultrafast charging facility for medium and heavyduty electric trucks. The Schwegenheim store in RhinelandPalatinate, Germany now has two stateoftheart 300 kW electric truck chargers powered by 100% renewable energy. Truck manufacturers and vehicle drivers are demanding lowcarbon alternative fuels, and electrification is an attractive option, BP said. The Schwegenheim charging facility contributes to the growth of Aral Impulses national ultrafast charging network. Around 1,000 battery electric trucks will be sold in Germany in 2021. In Europe, this figure is expected to increase to 150,000 units by 2030, with Germanys highest penetration rate at 43%. Daimler Truck has launched the batteryelectric MercedesBenz eActros for widespread distribution in cities in 2021. Read More..

B2B Tech News | 2 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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