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Broken dreams Leverage investments by young Koreans backfire

Many young South Koreans dabbled in leveraged investing, known in Korean as bittoo. Many of these young investors hoped to get rich quickly and reti

Many young South Koreans dabbled in leveraged investing, known in Korean as bittoo. Many of these young investors hoped to get rich quickly and retire young. However, many people are now suffering as markets have crashed and interest rates have risen. Through stock investing, one man saw his fourmonth salary vanish. Retail investors in their twenties and thirties account for 41 percent of all Kospi investors.Data show that bittoo was disproportionately popular among youth in 2021, when the prices of equities and digital coins skyrocketed. As the high losses of young traders from digital coins became a social issue, the South Korean government devised a debt relief plan for them. Read More..

B2B Tech News | 3 years ago          

Live Heats, an extreme sports tech business, debuts a starstudded board.

In 2016, Chris Friend and Fernando Freire cofounded Live Heats. The allinone platform for various sporting events is sweeping the globe. For the past

In 2016, Chris Friend and Fernando Freire cofounded Live Heats. The allinone platform for various sporting events is sweeping the globe. For the past ten months, Friend has been based in New York to be closer to the action in the largest markets. The Live Heats platform streamlines athlete registrations and automates the creation of heat draws, including seeding and progression rules. The company began as an afterwork project for the two entrepreneurs until it grew to the point where they could both quit their day jobs and work fulltime on it. Read More..

B2B Tech News | 3 years ago          

Egyptbased cleantech KarmSolar secured $2.4 million in funding

KarmSolar has secured EGP47 million in funding for Egypts first financed solar Power Purchase Agreement PPA battery storage system. This is part of a

KarmSolar has secured EGP47 million in funding for Egypts first financed solar Power Purchase Agreement PPA battery storage system. This is part of a Phase 2 expansion of KarmSolars existing solar microgrid solution for the Cairo 3A poultry farm facility. Read More..

B2B Tech News | 3 years ago          

MRI Software enters into a $93.4 million deal to acquire the real estate software group PropTech

PropTech Group ASX has agreed to be bought by MRI Software for $93.4 million in cash. The board of directors of the Melbournebased PropTech Group unan

PropTech Group ASX has agreed to be bought by MRI Software for $93.4 million in cash. The board of directors of the Melbournebased PropTech Group unanimously recommends that shareholders accept the acquisition offer of $0.60 per share. More than 60,000 property professionals are said to use PropTechs brands. In the previous year, the business processed more than $179 billion in property sales. MRI Software and PTG have agreed on a plan of action for PropTechs acquisition. Read More..

B2B Tech News | 3 years ago          

Global markets Asian stocks increase on anticipation of a pause in Fed hikes.

Gains in Hong Kong, Australia, and Korea lifted the MSCI AsiaPacific exJapan index up 0.8%. Following dismal economic data, Chinese markets plummeted.

Gains in Hong Kong, Australia, and Korea lifted the MSCI AsiaPacific exJapan index up 0.8%. Following dismal economic data, Chinese markets plummeted. The performance comes after a Friday gain on Wall Street, although bond and currency markets are dampening bets on the Fed changing its tone. According to an official survey released on Monday, Chinas industry activity dipped unexpectedly in October. Investors were particularly concerned by the resignation of the chairman of Beijingbased property developer Longfor Group. The Fed is almost certain to raise rates by 75 basis points on Wednesday, with markets focusing on the Feds outlook message. Read More..

B2B Tech News | 3 years ago          

Safaricom of Kenya caters to more fixed internet users with 5G network

Safaricom, which is owned in part by Vodacom and Vodafone, is the first company in East Africa to commercially implement the technology. The companys

Safaricom, which is owned in part by Vodacom and Vodafone, is the first company in East Africa to commercially implement the technology. The companys internet provision sector is one of its fastest expanding, and its 5G network is powered by Nokia and Huawei equipment. Because of security concerns, the US administration has urged countries not to incorporate Huawei into their 5G plans. Last year, it began testing the network. The US government has encouraged countries not to incorporate Huawei into their 5G plans, citing security concerns disputed by Huawei. Read More..

B2B Tech News | 3 years ago          

SpaceXs Starlink expands Internet service for moving RVs, trucks and cars for $ 135 per month

SpaceX, Elon Musks company, is bringing satellite internet to moving vehicles. In May, the company debuted Starlink for RVs, although the service only

SpaceX, Elon Musks company, is bringing satellite internet to moving vehicles. In May, the company debuted Starlink for RVs, although the service only provided internet access while parked. Customers have the option to halt and restart their service at any moment. The new service is still $135 per month, but it requires an improved $2,500 satellite dish. Read More..

B2B Tech News | 3 years ago          

US and Japan join forces to export small nuclear reactor technology to Ghana

The US will collaborate with Japan to market small nuclear reactor technology to Ghana. The two governments are promoting sophisticated power generati

The US will collaborate with Japan to market small nuclear reactor technology to Ghana. The two governments are promoting sophisticated power generation technology to assist other countries in meeting their clean energy targets. Small modular reactors may produce up to 300 megawatts per unit, which is around onethird the capacity of large reactors. These reactors can be factory constructed and sent to a site for installation. 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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