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Tencent and Sony buy a stake in developer Elden Ring for $260 million

Tencent Holdings and Sony have acquired a 30% stake in Elden Ring game developer FromSoftware. The combined investment is worth around US$260 million,

Tencent Holdings and Sony have acquired a 30% stake in Elden Ring game developer FromSoftware. The combined investment is worth around US$260 million, with Tencent and Sony paying US$140 million and US$120 million, respectively. As a result, Tencent now owns 16.25% of FromSoftware, while Sony Interactive Entertainment owns 14.09%. The rest is owned by Japanbased Kadokawa Corporation. Kadokawa said the three companies have operated a strategic alliance in the fields of anime and gaming since 2021. Recent investments will be used to expand FromSoftwares expansion into global markets. Before that, the game studio was also known as the creator of the Sekiro Shadows Die Twice and Bloodborne Dark Souls series. Read More..

B2B Tech News | 2 years ago        

Russia and South Korea cooperate to build Egypts Dabaa nuclear power plant

Korea Hydro and Nuclear Power secured a $2.25 billion deal from an affiliate of Russias staterun nuclear energy company Rosatom. In 2015, Egypt and Ru

Korea Hydro and Nuclear Power secured a $2.25 billion deal from an affiliate of Russias staterun nuclear energy company Rosatom. In 2015, Egypt and Russia agreed to build a fourunit power plant with a total capacity of 4,800 megawatts for $30 billion. Under the 2015 contract, Rosatom is required to build the Dabaa plant, supply nuclear fuel throughout its life cycle, and provide operational and technical support. Egyptian Energy Minister Abdel Nabi AbdelNabi has said that Russia and South Korea are the two best options to build the Dabaa nuclear power plant in Egypt. The United States greenlighted South Korea to work on the project, given the economic sanctions imposed on Russia. Direct economic repercussions may emerge from working with Russia amid the sanctions signed on Moscow, which target Russian industries, according to Widdershoven. Read More..

B2B Tech News | 2 years ago        

Asian equity markets mixed ahead of the latest US employment reading

Asian stock markets were mixed ahead of U.S. Employment data that may influence plans for further rate hikes. A strong reading gives ammunition to Fed

Asian stock markets were mixed ahead of U.S. Employment data that may influence plans for further rate hikes. A strong reading gives ammunition to Fed officials who say higher interest rates are needed to slow economic activity. The Chinese government ordered most residents of Chengdu, a city of 21 million people to stay home following new virus outbreaks. Closes The S&P 500 ends the month with a 4.2% loss, its worst monthly performance since July. The Dow Jones closes up 0.5%, but the Nasdaq sees its fifth daily drop in a row. In energy markets, benchmark U.S. crude rises $1.65 to $88.26 per barrel, after plunging to $86.61 on Thursday. Read More..

B2B Tech News | 2 years ago        

The tech fund examines the potential rescue of Newport Wafer Fab

An investment fund has been formed to launch a rescue bid for Welsh chipmaker Newport Wafer Fab. It is reported to be in talks to raise £500 million

An investment fund has been formed to launch a rescue bid for Welsh chipmaker Newport Wafer Fab. It is reported to be in talks to raise £500 million about €590 million or US$590 million for use across multiple investments. The fund is also in contact with Ron Black, boss of chip design firm Codasip and former CEO of Imagination Technology. Black is understood to have £300 million of funding and has indicated he is interested in supporting NWF. Nexperias takeover of Newport Wafer Fab was the subject of a UK government inquiry into the state of the semiconductor industry in the UK and its ability to supply chips. The board of directors of NWF wrote to Business Secretary Kwasi Kwarteng seeking protection from the takeover, but the UK government declined to act at that time. Read More..

B2B Tech News | 2 years ago        

German pioneers in private label industry digitalization, 3B Private Label Portal, announce a new manufacturing option

3B Private Label Portal, a German tech startup in the private label industry, recently announced changes to its business model. The company aims to be

3B Private Label Portal, a German tech startup in the private label industry, recently announced changes to its business model. The company aims to be the global matchmaker for private labels, differentiating itself in two major ways highly filtered, qualified sales leads, and online marketing campaigns with a focus on search engine marketing. Qualifying leads are greatly aided by 3B PLPs onboarding specialists who gather information about a manufacturers certificates held, capacity, regions of operation, and other specifications. In 2019, 80% or more B2B buyers used search engines to source new suppliers. Of the 325 manufacturers interviewed at PLMAs World of Private Label, only 29% admitted to utilizing digital marketing. 3B PLP anticipates that the digital marketing aspect of its business model will provide manufacturers with a competitive edge. Read More..

B2B Tech News | 2 years ago        

Indonesia GoTo raises $1 billion in convertible bonds

GoTo, formed last year by the merger of ridehailingtopayments firm Gojek and ecommerce leader Tokopedia, surprised analysts when it raised $1.1 billio

GoTo, formed last year by the merger of ridehailingtopayments firm Gojek and ecommerce leader Tokopedia, surprised analysts when it raised $1.1 billion in an initial public offering IPO. The company is working with three financial advisors on the proposal, which is expected to launch in the fourth quarter. It is backed by SoftBank Group Corp, Alibaba Group and Singapore sovereign wealth fund GIC.The company plans to issue shares worth up to 118.4 billion shares worth around 10% of its capital through a private placement. Read More..

B2B Tech News | 2 years ago        

Brazilian groups demand more philanthropic collaborations with India

Leading Brazilian civil society organizations have called on policymakers, charities, and companies in India to invest in partnerships with its local

Leading Brazilian civil society organizations have called on policymakers, charities, and companies in India to invest in partnerships with its local and regional organizations. They urge prospective partners to take a closer look at the groundbreaking results achieved in Brazil that could benefit from Indias global leadership in technology and innovation. The open letter follows a generous grant to all the NGOs by US philanthropist MacKenzie Scott, which they hope will be a catalyst for others to work with Brazilian organizations. An open letter has been sent out by six Brazilian nongovernmental organizations NGOs asking for Indian partnerships to help them tackle some of the worlds most pressing issues. Brazil is the only country in the world on the Top 10 lists for both GDP and inequality. Its network of 820,000 civil society organizations is working on creative solutions to climate change, public health, and economic inequality. Read More..

B2B Tech News | 2 years ago        

The minister says that the savings plans in Germany have been achieved, gas will soon be cheaper

Germanys gas storage is almost 83% full. Germany has set itself the task of filling the gas storage level to 85% by October 1. Habeck also reiterated

Germanys gas storage is almost 83% full. Germany has set itself the task of filling the gas storage level to 85% by October 1. Habeck also reiterated that Germany will not allow the gas market to collapse in the same way as Lehman Brothers. Ukraines Zaporozhye nuclear power plant was captured by Russian forces in March but operated by Ukrainian agents. Russia and Ukraine are accused of bombing the area, increasing the risk of a radiation accident. The European Unions energy ministers will hold an emergency meeting on September 9, the Czech minister said. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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