Tag Archives: technology
Exclusive-Warburg cuts Ant valuation by 15% to below $200 billion – source
By Julie Zhu, Kane Wu and Nikhil Nainan HONG KONG (Reuters) - U.S. private equity firm Warburg Pincus, a major global investor in Ant Group, has cut its valuation of the Chinese fintech company by 15%...
Nov 24, 2021
BlackRock joins e-car charging venture Ionity in $788 million funding round
By Christoph Steitz FRANKFURT (Reuters) - BlackRock, the world's largest money manager, has joined electric vehicle charging (EV) venture Ionity in a 700 million euro ($788 million) funding round, pro...
Nov 24, 2021
Robotics maker AutoStore almost doubles revenue in Q3
OSLO (Reuters) - Norwegian robotics firm AutoStore posted a 95% year-on-year rise in third-quarter revenue to $84.7 million on Wednesday and said it was on track to meet its growth targets for this ye...
Nov 23, 2021
China Oct smartphone shipments up 30.6% y/y, likely driven by iPhone
SHANGHAI (Reuters) - Shipments of smartphones within China rose 30.6% year-on-year to 32.7 million handsets in October, the China Academy of Information and Communications (CAICT) reported late on Tue...
Nov 23, 2021
Singapore bank DBS says services disrupted for second day
SINGAPORE (Reuters) - DBS Group Holdings Ltd, Southeast Asia's largest bank, is facing disruptions in its online banking services for the second consecutive day on Wednesday after service outages bega...
Nov 23, 2021
Musk sells Tesla shares worth $1.05 billion, buys 2.15 million shares
(Reuters) - Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.05 billion and exercised option to buy 2.15 million shares, U.S. securities filin...
Nov 23, 2021
Samsung Elec picks Taylor, Texas as new $17 billion U.S. chip plant site
SEOUL (Reuters) - South Korean tech giant Samsung Electronics Co Ltd said on Wednesday it had picked Taylor, Texas as the location for a new $17 billion chip plant, instead of state capital Austin. Th...
Nov 23, 2021
Software company VMware forecast profits above expectations
By Stephen Nellis (Reuters) - VMware Inc on Tuesday forecast fiscal fourth quarter adjusted profits above expectations and the global demand for cloud computing pushed up sales. VMware said that it ex...
Nov 23, 2021
Consortium of Japan firms to test launch digital currency – Nikkei
TOKYO (Reuters) - A consortium of roughly 70 Japanese firms, including the country's three mega-banks, will begin a test launch of a digital currency as early as late 2022, the Nikkei newspaper said o...
Nov 23, 2021
Dell’s quarterly profit more than quadruples on strong PC demand
(Reuters) - Laptop maker Dell Technologies Inc said on Tuesday profit surged more than four-fold in the third quarter, as demand for its personal computers and servers was boosted by businesses increa...
Nov 23, 2021
Sun Jul 5
Green Bay, WI, USA
60°FWind/Dir: 16 MPH-N
Humidity: 85%
