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Tencent shuts down rumors of a sale, citing healthy cash flow

After Tencents stock fell to its lowest level since 2018, The Wall Street Journal reported that the company was looking to sell stakes in DiDi Globa

After Tencents stock fell to its lowest level since 2018, The Wall Street Journal reported that the company was looking to sell stakes in DiDi Global, Meituan, and KE Holdings. According to a Tencent spokesperson, given its current cash flow, the company could repurchase its shares without selling its stake in portfolio companies. Regardless, Tencent appears to be cutting back—the first quarter saw 97 fewer investments and acquisitions than the same period the previous year, while its headcount shrank by 5,500 in the second quarter. This year, the tech titan also repurchased $2.3 billion in stock. Read More..

B2B Tech News | 2 years ago          

Apple raises the prices of the App Store in countries of the Eurozone

Starting next month, Apple will increase the price of inapp and inapp purchases in all eurozone countries and in select countries in Asia and South Am

Starting next month, Apple will increase the price of inapp and inapp purchases in all eurozone countries and in select countries in Asia and South America. With the exception of autorenewing subscriptions, the new rates will take effect on October 5. Apple, which launched its latest iPhone earlier this month, has launched a services business to reduce reliance on flagship smartphones. In addition to the euro zone countries, price increases in Europe will also be affected Sweden and Poland Asia, Japan, Malaysia, Pakistan, Korea and Vietnam and Chile in South America. Read More..

B2B Tech News | 2 years ago          

How NeuralSpace helps developers build AI language models in Oriya, German and many other local languages

Ayushmann Dash and Felix Laumann discovered a few years ago that the translations produced by existing natural language processing NLP models werent v

Ayushmann Dash and Felix Laumann discovered a few years ago that the translations produced by existing natural language processing NLP models werent very precise and performed poorly in languages that were spoken locally. For text and voice NLP activities linguistic AI, the AI platform provides developers with a web interface and a number of APIs in more than 100 different languages. These functionalities can be employed in numerous industries and come pretrained with a rudimentary grasp of every language. The likes of Google, Microsoft, IBM, and AWS all provide models in these languages, although they are frequently insufficient for a wide range of practical applications. Read More..

B2B Tech News | 2 years ago          

Chinese companies turn to Mexico amid US tariffs

Global supply lines were very immediately disrupted by the COVID19 epidemic, which also highlighted the benefits of more efficient logistics setups. F

Global supply lines were very immediately disrupted by the COVID19 epidemic, which also highlighted the benefits of more efficient logistics setups. For many American businesses, that has meant moving manufacturing operations from countries with lower wages back to the United States. However, finding a way to move operations closer to their end consumers is necessary for Chinese firms who wish to maintain a presence in the North American market. One of the few countries whose items are exempt from tariffs imposed on Chinesemade goods is Mexico. Read More..

B2B Tech News | 2 years ago          

Mining startups share $21 million

The Clean Energy Finance Corporation CEFC has announced grants of up to $21 million to Australian companies to develop and commercialise new methods t

The Clean Energy Finance Corporation CEFC has announced grants of up to $21 million to Australian companies to develop and commercialise new methods to decarbonize their mines. The institution invests money in mining innovation using Resource Capital Funds, a private equity firm. Australias Green Bank has backed Pilbara Minerals worldclass Pilgangoora lithium project and Western Australian technology startup Novalith. CEFC has also invested in 3ME Technology, an Australian battery technology manufacturer, to fund a zeroemission hydrogen electric truck developed by Queenslands Ark Energy and help miners replace diesel engines with advanced battery systems . Read More..

B2B Tech News | 2 years ago          

Cost pressures are forcing EU companies to delay IT contracts

The forecast for IT service categories like retail, manufacturing, and the automotive industry is being hampered by the energy crisis in Europe and ma

The forecast for IT service categories like retail, manufacturing, and the automotive industry is being hampered by the energy crisis in Europe and macroeconomic challenges. Over 25% of the total revenue of Indian IT service firms like Tata Consultancy Services TCS, Infosys, and Wipro comes from Europe. Over 25% of the total revenue of Indian IT service companies like Tata Consultancy Services TCS, Infosys, and Wipro comes from the European market, where many of them have clients who are major international merchants, manufacturers, and automakers. Read More..

B2B Tech News | 2 years ago          

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          



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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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