August 27, 2019
Megvii AI Startup Files For Hong Kong IPO
AI startup Megvii Technology has filed for a public listing on the Hong Kong stock exchange. The Beijing-based company, known for its facial recognition brand Face++, reportedly plans to raise...
August 21, 2019
Tech Firms Form Consortium For Data Protection
The Linux Foundation has announced that it will be forming a consortium dedicated to boosting the adoption of confidential computing. Companies including Alibaba, Arm, Baidu, Google Cloud, IBM, Intel, Microsoft,...
August 21, 2019
Protests Prompt Alibaba To Delay Hong Kong Listing
Chinese eCommerce giant Alibaba is shelving an approximate $15 billion listing in Hong Kong due to growing political unrest, sources told Reuters on Wednesday (Aug. 21). Alibaba’s Hong Kong plans...
August 14, 2019
Macy’s Lackluster Q2 Hints At Troubled Future For Department Stores
There are earnings misses, and there are big earnings misses, and Macy’s spring quarter results Wednesday (Aug. 14) were far more a case of the latter than the former. Macy’s...
August 14, 2019
For Cryptos, Geopolitics And Liquidity Don’t Mix
Cryptos and liquidity do not go hand in hand, especially not where geopolitics is concerned. Conventional wisdom may hold that cryptos are the place to be, when trade tensions rise...
August 12, 2019
Ireland: Competition watchdog criticized for letter sent to Beef Plan
Ireland’s competition watchdog has come under criticism over a letter it sent to the Beef Plan Movement, in which the group was warned it may be in breach of consumer...
July 01, 2019
Careem Concludes Operations In Sudan
Less than a year after the ride-hailing company rolled out in Sudan, Careem has concluded its operations in the country, with a planned takeover by Uber on the horizon. The...
June 13, 2019
Telegram Messaging App Targeted By China Cyberattack
Messaging app Telegram said on Thursday (June 13) that it was the victim of a DDOS cyberattack from China, according to a report by the Associated Press. The attack slowed...
June 05, 2019
Czech Republic: Protesters demand PM Babis’s fall over investigation
Tens of thousands of Czechs hit the streets on Tuesday to demand the resignation of billionaire Prime Minister Andrej Babis over alleged conflicts of interest involving his former business empire...