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GLOBAL NEWS

DCM Ventures to Offload Remaining Stake in Kuaishou, Targeting Up to $479 Million

To generate as much as $479 million, DCM Ventures intends to sell all of its remaining shares in Kuaishou Technology, a Chinese platform for short vid

To generate as much as $479 million, DCM Ventures intends to sell all of its remaining shares in Kuaishou Technology, a Chinese platform for short videos. Offering between HK$40.28 and HK$41.13 a share, the venture capital firm sells 91.66 million or 2.1% of Kuaishous outstanding shares. The deal, scheduled to close on Friday and settle by Tuesday, is being bookended exclusively by Morgan Stanley. Even though it was an early investor, DCM has been cutting back on its holdings in Kuaishou since its share pricepped 20% this year. On Thursday, however, the cost of the shares increased 4.9% to HK$42.1. Read More..

B2B Tech News | 26 days ago      

Japan to Implement LongTerm Monitoring System for Fukushima Water Discharge, Says China

The release of hazardous water from the Fukushima nuclear facility was the subject of an agreement between China and Japan in August, the Chinese fore

The release of hazardous water from the Fukushima nuclear facility was the subject of an agreement between China and Japan in August, the Chinese foreign ministry reported. Japan established an international monitoring system for an extended period, and the two countries agreed to allow stakeholders to carry out independent sampling and monitoring. Before "gradually" getting back into the import of Japanese aquatic products, China stressed the value of independent sampling. The Fukushima catastrophe has raised persistent worries about food product safety, which is highlighted by this development. Read More..

B2B Tech News | 26 days ago      

IndoStar Capitals Stock Jumps 14% After EQT Deal to Acquire Home Finance Division

Following the news of a $209 million agreement to sell its home lending division to private equity company EQT, shares of IndoStar Capital lending jum

Following the news of a $209 million agreement to sell its home lending division to private equity company EQT, shares of IndoStar Capital lending jumped to a threeyear high on Friday. Thanks to this purchase, IndoStar can now focus on its primary operations small business loans and auto financing. After the agreement is finalised, EQT intends to provide 5 billion rupees, or $59.84 million, to IndoStar Home Finance. Lenders are hopeful about government backing to break into this underserved sector, even if the demand for inexpensive homes in India trails behind that of the luxury category. Before levelling off with a 4.8% gain, IndoStar shares surged 14% to hit their highest level since August 2021. Read More..

B2B Tech News | 26 days ago      

Tokyo Metro Set for Historic IPO Aiming to Raise $2.25 Billion on October 23

With an eye towards Japans most extensive initial public offering IPO in the last six years, Tokyo Metro announced plans to list on the Tokyo Stock Ex

With an eye towards Japans most extensive initial public offering IPO in the last six years, Tokyo Metro announced plans to list on the Tokyo Stock Exchange on October 23. The firm hopes to raise a total of 319.55 billion yen $2.25 billion through the offering of shares at an estimated price of 1,100 yen apiece. The first underground line in Japan was created by Tokyo Metro in 1920, marking the beginning of its history. Besides that, Carlyle Groupbacked Rigaku, a manufacturer of Xray diagnostic equipment, intends to list on October 25 to raise $888 million and reach a $2 billion market valuation after the offering. Read More..

B2B Tech News | 26 days ago      

Google Takes a Green Leap First NatureBased Carbon Credits Purchase from Mombak

With a commitment to acquiring 50,000 metric tonnes by 2030, Google, an affiliate of Alphabet, has announced the acquisition of naturebased carbon rem

With a commitment to acquiring 50,000 metric tonnes by 2030, Google, an affiliate of Alphabet, has announced the acquisition of naturebased carbon removal credits from Brazilian company Mombak. Mombak is primarily concerned with restoring damaged areas and reinstalling native species in the Amazon jungle. Google has changed its approach, as it was previously limited to using designed carbon removal certificates. Mombak has previously priced credits at over $50 per tonne the sale specifics were kept private. In conjunction with New Yorks Climate Week, this declaration indicates a rising trend towards naturebased carbon offset solutions, as shown by comparable pledges made by Microsoft and Meta, among other digital behemoths. Critics, however, continue to doubt the viability of the carbon offset markets. Read More..

B2B Tech News | 1 months ago      

YouTube Unveils AIPowered Tools to Streamline Video Production for Creators

During the "Made on YouTube" event, YouTube unveiled AIpowered capabilities to make video creation more accessible for content producers. These resour

During the "Made on YouTube" event, YouTube unveiled AIpowered capabilities to make video creation more accessible for content producers. These resources, including YouTube Studios "Inspiration" button, offer videos, titles, outlines, and more ideas. They can even produce whole screenplays. Furthermore, YouTubes integration of DeepMinds Veo video model into Shorts enables producers to utilise artificial intelligencegenerated backdrops through the "Dream Screen" function. Videos created by Veo are restricted to six seconds and have watermarks for transparency on all AI material. Additionally, YouTube is improving creatorfan interactions through AI and increasing its autodubbing tool for accessibility. Although these developments will make content production easier, worries about content originality and excessive dependence on AIgenerated content still exist. Read More..

B2B Tech News | 1 months ago      

WhatsApp to Roll Out Custom Chat Themes and Bubbles for Android Users

According to WABetaInfo, WhatsApp for Android is allegedly developing a feature that would let users alter chat themes and chat bubbles with different

According to WABetaInfo, WhatsApp for Android is allegedly developing a feature that would let users alter chat themes and chat bubbles with different design options. This forthcoming feature, which provides users with more customisation choices, was noticed in the WhatsApp beta for Android version 2.24.20.12. Users can choose their preferred theme, with chat bubbles and background colours changing automatically. For even more customisation, users could even select the colours of the wallpaper on their own. The functionality can be tailored for specific discussions, but it will be available in the apps settings and applied automatically to all chats. Beta testers cannot yet use this feature since it is still in development. Read More..

B2B Tech News | 1 months ago      

NTT DATA and IBM Introduce SimpliZCloud for Financial Services, Powered by LinuxONE

To address the infrastructure requirements of financial services, including core banking and risk management applications, NTT DATA and IBM have intro

To address the infrastructure requirements of financial services, including core banking and risk management applications, NTT DATA and IBM have introduced SimpliZCloud, a fully managed cloud solution powered by IBM LinuxONE. With a subscriptionbased business model that lowers initial capital expenditure and recurring maintenance expenses, SimpliZCloud offers cuttingedge performance, high availability, and strong security. Compared to typical x86 settings, its Software Defined Networking SDN design enhances performance, allowing businesses to minimise data centre footprints, streamline workloads, and promote sustainability. SimpliZCloud is perfect for financial companies transitioning through the cloud since it enables AI and ML applications. The partnership between NTT DATA and IBM highlights their dedication to innovation and using hybrid clouds in contemporary businesses. Read More..

B2B Tech News | 1 months ago