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Alibaba gears up for expansion into the advertising & media industry
Alibaba, the Chinese e-commerce giant will apparently pay around USD 2.23 billion for a 10% stake in the digital advertising company Focus Media. Incidentally, Focus media runs screens in elevators & subways across China, claim authentic sources. As per reports, Alibaba is considering investi... Read More
O&G corporation PetroChina inks three-year contract with PNG LNG
Oil and gas industry magnates Santos and Oil Search have reportedly announced that PNG LNG, has obtained a 3-year contract with the Hong Kong based PetroChina to supply the latter with LNG (liquified natural gas). Incidentally, PNG LNG is operated by the multinational oil and gas corporation ExxonMo... Read More
Softbank and DiDi Chuxing join hands to test ride-hailing in Japan
The China-based mobility technology magnate DiDi Chuxing has reportedly announced a partnership with SoftBank Corp. in a bid to launching trial services for its ride-hailing service this fall. The two parties seem to have already set up a joint venture called DiDi Mobility Japan last month in order ... Read More
Trump's tariffs put Volvo Cars’ production in imminent jeopardy
Swedish carmaker Volvo has reportedly made it to the headlines for its investment plan worth $1.1 billion in the U.S. that could fall in potential danger in the midst of the tensions in global trade. According to reports, Håkan Samuelsson, the CEO of Volvo cars has immediate ordered for a &lsq... Read More
MealPal enters Singapore food-on-demand market with new meal services
MealPal, a U.S. food subscription start-up is apparently planning to offer S$1 hawker fare and restaurant meals starting from S$6.99 in order to establish its stance in Singapore food-on-demand industry. Incidentally, MealPal commenced this meal service on Monday, the 16th of July. Normally dinne... Read More
U.S. plans to offer a series of armed Guardian drones to India
The United States has reportedly depicted interest in selling the armed version of Guardian drones to the Indian sub-continent. If sources are to be believed, these drones were originally meant to be sold as unarmed units for surveillance purposes. For the record, this would be the first time tha... Read More
UOB inks deal with Razor, aims to provide e-wallet in Singapore
The United Overseas Bank (UOB) has reportedly signed an agreement with a gaming company, with the intention of introducing a digital wallet in Singapore. As per sources, the deal comes merely within a few weeks post Razor’s launch of an e-wallet in Malaysia. UBO and Razer said in the m... Read More
parkCognition-Boeing deal to provide UAS traffic management solutions
Airplane manufacturer Boeing has apparently teamed up with SparkCognition, an artificial intelligence technology company to develop UAS (unmanned aircraft system) traffic management (UTM) solutions. Using AI and blockchain technologies, Boeing and SparkCognition will track autonomous air vehicles in... Read More
IBM joins Stronghold in launching an FDIC-backed stable digital token
Stronghold, a cryptocurrency startup, made an announcement on Tuesday introducing USD Anchor, a stablecoin which will run on Stellar’s blockchain platform and apply its consensus mechanism to validate transactions. USD Anchor will be backed one-for-one with U.S. dollars and held by Nevada-base... Read More
Booking Holdings pours in $500 million in China’s Didi Chuxing
China’s largest ride-hailing company, Didi Chuxing has added some strategic capital to its business after Booking Holdings, a travel industry magnate, made a $500 million investment in the company. According to the deal, Booking Holdings which was previously known as Priceline will work closel... Read More