Japanese holding company SoftBank has announced that it intends to double the number of users of its PayPay QR code payment app in the next three to four years. According to an executive at Z Holdings (SoftBank's internet subsidiary), the conglomerate is aiming to extend its lead in the...
Volvo Car Group announced on Monday that they've entered into a joint venture with Swedish battery maker Northvolt for the development of sustainable batteries that will be installed in its electric vehicles. As a result of this deal, Northvolt will become Volvo's exclusive battery cell production partner in Europe.
This...
The industry of electric vehicles is growing rapidly by the day, and thus there are countless companies battling to gain position for the head honcho spot. Tesla has always held a firm hold over its competitors in this field, but there's another company that experts are predicting will surprise...
Chinese technology conglomerate Tencent Holdings Ltd. reported a 29% rise in profits during the second quarter, resulting in a net profit for the three months through June totaling 42.6 billion yuan. This profit far exceeds the average Refinitiv estimate of 34.4 billion yuan.
Total revenue for the period surged by...
ByteDance, the Chinese multinational internet technology company that owns Tik Tok, is developing plans to manufacture semiconductors, a source close to the situation revealed to Reuters. The company also posted numerous job openings pertaining to chip production on its official website.
According to the source, ByteDance is looking to focus...
As electric scooter rental company Bird Rides looks to go public, the company recently posted a narrower than expected second-quarter loss of $43 million. Revenue for the period skyrocketed up to pre-pandemic levels due to eased COVID restrictions in global markets.
The Los Angeles-based electric scooter provider is expected to...
Digital payments provider SumUp revealed on Tuesday that it has borrowed a sum of 750 million euros ($894 million) from backers led by Goldman Sachs. These funds will be used to fuel the London-based company's acquisitions and new product efforts, with the end goal of continuing its global expansion.
In...
DNA Sequencing firm Oxford Nanopore Technologies Ltd. launched its initial public offering (IPO) on the London Stock Exchange, with shares being sold at 425 pence each. The company managed to sell 350 million pounds worth of new stock, while its backers were able to generate 174 million pounds from...
Facebook Inc announced on Thursday that it is currently developing a wristband that will be able to control the Augmented Reality (AR) glasses that the company is expected to launch sometime this year. According to a blog post, Facebook's wristband users will be able to interact with the virtual...
Industrial-automation systems maker Emerson Electric Co is looking to merge two of its business units with smaller rival firm Aspen Technology Inc, the Wall Street Journal reported.
The deal, worth approximately $11 billion, would see Emerson own 55% of the newly-formed company, while Aspen shareholders would retain the remaining 45%....