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Chinese electric car maker Leapmotor is holding a $1 billion IPO in Hong Kong

Zhejiang Leapmotor has set a share price and proposed an initial public offering IPO to investors in Hong Kong. The company plans to offer 130.82 mill

Zhejiang Leapmotor has set a share price and proposed an initial public offering IPO to investors in Hong Kong. The company plans to offer 130.82 million shares at a price of HK$48 to HK$62 each. Five cornerstone investors, including Zhejiang and Jinhua Industrial Funds, will purchase a combined investment worth about $308 million. Leapmotor plans to offer 130.82 million shares at a price of HK$48 to HK$62 each. The IPO comes at a time when market sentiment is easing amid growing recession concerns. Read More..

B2B Tech News | 2 years ago          

MasterCard expands customer service center in Egypt

The expansion of Mastercards Advisors Client Services Hub in Egypt has been announced. Mastercard wants to make Egypt a hub for regional finance that

The expansion of Mastercards Advisors Client Services Hub in Egypt has been announced. Mastercard wants to make Egypt a hub for regional finance that brings in important investments. The action highlights Mastercards commitment to putting customers first and its investments in regional talent across all of the areas it serves. In order to make Egypt a regional financial hub that attracts strategic investments, the experienced team facilitates innovative financial and payment solutions encompassing cuttingedge financial trends including BuyNowPayLater BNPL, open banking, cybersecurity, and data monetization. Read More..

B2B Tech News | 2 years ago          

Iveco shows a prototype of a large hydrogen van developed together with Hyundai

In March, Iveco and Hyundai Motor of South Korea struck a preliminary agreement to investigate working together on shared vehicle technologies, cooper

In March, Iveco and Hyundai Motor of South Korea struck a preliminary agreement to investigate working together on shared vehicle technologies, cooperative sourcing, and mutual supply. The maximum payload capacity of the eDaily van is 3 tonnes, and its range is 350 km 217 miles. At the IAA Transportation trade show in Hanover, Iveco CEO Gerrit Marx stated that the company is open to further collaborations of this nature. The business added on Monday that it and Hyundai were looking into more partnership opportunities, such as crossselling products in a few places or working together to build connected and automated vehicles. Read More..

B2B Tech News | 2 years ago          

According to an IBM study, supply chain leaders are investing in artificial intelligence and automation to navigate supply chain uncertainty and improve sustainability

Chief Supply Chain Officers CSCOs are navigating significant supply chain challenges brought on by a worldwide COVID19 pandemic, inflation, temperatur

Chief Supply Chain Officers CSCOs are navigating significant supply chain challenges brought on by a worldwide COVID19 pandemic, inflation, temperature change and geopolitical events. a brand new IBM study reveals that theyre increasing investments in automation, AI and intelligent workflows, ecosystems and sustainability. Almost half 47% of surveyed CSCOs said they need introduced new automation technologies within the last two years. Surveyed CSCOs rank sustainability as their third biggest challenge within the next few years. 52% place sustainability at or near the highest of their priority list.50% report that their sustainability investments will accelerate business growth. This group is already outperforming peers on key metrics including reporting 11% higher annual revenue growth. Read More..

B2B Tech News | 2 years ago          

After raising a megafund, billionaire Jean Salatas Baring Private Equity Asia will increase its tech investments

Business Partners Asia BPEA raised $11.2 billion last week in the largest ever equity fundraising by an Asiabased private equity firm. The Hong Kongba

Business Partners Asia BPEA raised $11.2 billion last week in the largest ever equity fundraising by an Asiabased private equity firm. The Hong Kongbased firm agreed to merge with Stockholmlisted EQT in a deal worth $7.5 billion in March. BPEA has grown to become one of Asias largest private equity firms with assets under management of over $22 billion. Salata, who was on the Hong Kong Rich List this year with a net worth of $2.95bn, will join EQTs board of directors and become head of the combined Asia business.Baring Private Equity Asia will be rebranded as BPEA EQT Asia after the sale of its Asia arm to private equity firm EQT Capital Partners. The deal is expected to close in the fourth quarter, and Salata will become the head of the combined business. Read More..

B2B Tech News | 2 years ago          

Remedial Health, a Nigerian startup backed by YC, has raised $4.4 million in seed funding

Nigerian healthtech startup Remedial Health raises $4.4 million equity seed round. YCbacked startup has been growing its reach from six to 16 states w

Nigerian healthtech startup Remedial Health raises $4.4 million equity seed round. YCbacked startup has been growing its reach from six to 16 states within the populous nation. It makes it easy for pharmacies to source pharmaceutical products from major manufacturers and distributors, including GSK, Pfizer and AstraZeneca. Nigerianbased startup, Remedial Health has launched a digital procurement platform that enables pharmacies to manage their operations by facilitating the making and tracking of orders. Its patient medication records PMR system gives pharmacies access to client data making their ordering clearcut and day to day activities more efficient. In Nigeria alone, 500,000 community pharmacies drive over 80% of a 70billiondollar market in annual pharmaceutical sales. Read More..

B2B Tech News | 2 years ago          

Matrix Renewables acquires SolarStones 4.6GW solar portfolio.

Matrix Renewables has acquired a 4.6GW portfolio of utilityscale solar power projects across the US central region. the corporate bought the portfolio

Matrix Renewables has acquired a 4.6GW portfolio of utilityscale solar power projects across the US central region. the corporate bought the portfolio from USbased alternative energy company SolarStone for an undisclosed sum. Matrix currently has 2.3GW of renewable capacity currently operational, under construction or nearly able to build.Matrix Renewables has signed an agreement to accumulate a 440MW solar portfolio in Spain and Italy for an undisclosed sum. This capacity consists of solar photovoltaic PV, wind and storage projects located across North America, Europe and geographical area. Matrix also contains a further 7.3GW of capacity within the pipeline and is supported by global alternative asset manager TPG. Read More..

B2B Tech News | 2 years ago          

Powertec expands its wireless technology operations in Australia

Powertecs wireless technology business has expanded into the Australian manufacturing and monitoring sector. the corporate says the move has been driv

Powertecs wireless technology business has expanded into the Australian manufacturing and monitoring sector. the corporate says the move has been driven by the rise in demand for wireless technology solutions. As a part of the event, Powertec has locally designed and made turnkey wireless systems in formats starting from deployable skids, temporary towers, shipping container towers, tripods, and trailers.Repeater Trailer comprises a minespec trailer platform with a full solar energy and electronics subsystem. The unit is supplied standard with an ACMAapproved repeater which boosts 4G coverage to full strength within some hundred metres. betting on geography and area requiring coverage, the trailer can broadcast 4G LTE voice and mobile data services from 300 metres in an exceedingly broad spread, to at least one kilometre in an exceedingly narrow direction. Multiple systems may also be daisychained to increase a mobile signal even further. 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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5.  Approximately 8 billion gadgets connect on the internet every day.
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