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Alibaba Group is looking for a dual listing in Hong Kong

Alibaba Group has announced that it will apply for an initial listing on the Hong Kong Stock Exchange while remaining listed in the United States. The

Alibaba Group has announced that it will apply for an initial listing on the Hong Kong Stock Exchange while remaining listed in the United States. The company currently has a listed subsidiary in Hong Kong. Shares of the ecommerce giant have lost twothirds of their value since 2020, according to Bloomberg. In the first six months of 2022, the average daily trade volume of Asian cities was about $700 million, compared to $3.2 million. 1 billion in the US. Read More..

B2B Tech News | 3 years ago        

Brazils modern logistics continues to develop

Modern Logistics reports that sales in the first half of 2021 are up 150% yearoveryear. The increase in revenue reflects the companys strong demand fo

Modern Logistics reports that sales in the first half of 2021 are up 150% yearoveryear. The increase in revenue reflects the companys strong demand for integrated intermodal logistics services. Continued investment in logistics technology will also contribute to the companys growth. The purpose of modern logistics is to connect countries with regular cargo flights in different directions. The company has experience in the transportation of livestock, food and perishables, pharmaceuticals, and HPC. Modern is an integrated logistics company with its aircraft. Read More..

B2B Tech News | 3 years ago        

The Dufresne Group TDG increased its automated customer support workflows by 239% using Package.ais interactive AI engagement platform integrated with STORIS ERP

As an interactive AI engagement platform, Package.ai, TDGs integration with STORIS enabled TDG to transform postpurchase work into a complete brand ex

As an interactive AI engagement platform, Package.ai, TDGs integration with STORIS enabled TDG to transform postpurchase work into a complete brand experience. The result is an 85% increase in delivery confirmation rates, lower costs and a better customer experience. Automated customer support chats increase by 239%, reducing costly customer service interactions. TDG previously relied on a foursilo solution to manage different stages of the customer lifecycle, but failed to deliver the seamless customer experience it needed to build loyalty and acquire repeat customers. Package.ais integration with STORIS realigned TDGs sales and marketing practices with its customers. It is exciting to see the transformative impact the Package.ai partnership has had on the Dufresne Group. Read More..

B2B Tech News | 3 years ago        

Orange and MasMovil signed a $19 billion merger agreement in Spain

Orange and MasMovil have signed a binding agreement for the integration of services in Spain. The collaboration is expected to test the European Commi

Orange and MasMovil have signed a binding agreement for the integration of services in Spain. The collaboration is expected to test the European Commissions commitment to integration. The combined company will generate annual sales of more than €7.3 billion and core corporate profits of more than €2.2 billion. The Spanish merger is based on an enterprise value of 18.6 billion euros $19 billion, including MasMovils 10.9 billion and Orange Spains 7.8 billion, the company said. Read More..

B2B Tech News | 3 years ago        

CMA freezes Unilevers stake in tea company

The Capital Markets Authority CMA has terminated the transfer of the majority of Unilevers shares to Rimurucha. It also banned US private equity funds

The Capital Markets Authority CMA has terminated the transfer of the majority of Unilevers shares to Rimurucha. It also banned US private equity funds from buying out minority investors in publicly traded companies. The move disrupted global transactions of 596.7 billion lei $5.1 billion. The minority shareholders claim that Unilever is selling raw materials such as fertilizers and labor to Rimuru at exorbitant prices. The CMA is also investigating the companys alleged understatement of revenue and delay in collecting tea sales. Unilever has acquired the global tea business of CVC Capital Partners for Sh596.7 billion $5.1 billion. Read More..

B2B Tech News | 3 years ago        

Google Ogles Cloud Extension for Latin America

Google plans to open a new cloud region in Mexico to meet growing global demand for cloud services. This comes a month after the cloud giant pledged t

Google plans to open a new cloud region in Mexico to meet growing global demand for cloud services. This comes a month after the cloud giant pledged to invest $1.2 billion over five years to expand Latin Americas digital infrastructure. Google Cloud says this extension will allow onpremises customers to enjoy the highest standards of low latency and data consistency and residency. López highlighted the companys efforts to improve digital technology and educational opportunities for the Mexican tech industry. CEO Sundar Pichai added that the full adoption of digital technologies is expected to generate an economic impact of approximately $1.37 trillion in the six largest Latin American economies by 2030. Read More..

B2B Tech News | 3 years ago        

NGX strengthens its efforts to attract young investors

The Nigerian Exchange Limited NGX has vowed to intensify efforts aimed at attracting young investors to the stock market and addressing perennial issu

The Nigerian Exchange Limited NGX has vowed to intensify efforts aimed at attracting young investors to the stock market and addressing perennial issues constituting disincentives to financial technology fintech firms. From 2014 to 2020, for instance, fintech raised about $600 million in funding, attracting 25 percent $122 million of the $491.6 million raised by African tech startups in 2019 second only to Kenya, which attracted $ 149 million.. The Nigerian Stock Exchange NGX has created a board that would focus on how to make the bourse more competitive by looking into the barriers to entry for tech firms. Chief Digital Officer, NGX, Femi Oyenuga said whilst the proliferation of digital assets presents significant challenges to the Nigerian capital market, the NGX takes an interest because proceeds from NFTs can solve climate change issues. The NGX is committed to driving the growth of sustainable financial products by integrating the financial risks and opportunities associated with Read More..

B2B Tech News | 3 years ago        

Great Wrap raises $ 24 million to eliminate plastic waste

Startup materials science Great Wrap has closed its $24 million Series A funding round. A Melbourne company makes a compostable stretch film from food

Startup materials science Great Wrap has closed its $24 million Series A funding round. A Melbourne company makes a compostable stretch film from food waste. The cofounders hope to end the worlds dependence on petroleumbased plastic packaging. It recently expanded to a new 12,000squarefoot facility in Tullamarine. Great Wrap recently moved to a new 12,000m2 factory in Tullamarine, which will produce 30,000 tonnes of the compostable stretch wrap by the end of 2023. The cost of the project was $6.41 million, of which $500,000 was borne by the state treasury. Read More..

B2B Tech News | 3 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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