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Alibaba’s Easyhome goes public via share sale
Global Tech

Alibaba’s Easyhome goes public via share sale

Alibaba Group Holding Ltd., said its fully-backed home improvement chain Easyhome will take its new retail arm public via a deal worth up to $5.65 billion. The investment in Easyhome is from a state-backed conglomerate, Wuhan Zhongshang Commercial Group Co Ltd. The conglomerate said in a statement that it would […]

Huawei unveils Tiangang, world’s first 5G chipset
Global Tech

Huawei unveils Tiangang, world’s first 5G chipset

The world’s largest telecoms company, Huawei Technologies Co Ltd., has on Thursday introduced its first 5G base station chipset called Tiangang. Tiangang is world’s first core chip specifically designed for 5G base stations, Huawei TIANGANG. At a 5G launch event in Beijing that doubled up as a pre-briefing for the […]

Adobe acquires Allegorithmic
Tech

Adobe acquires Allegorithmic

Adobe has today announced that it has acquired Allegorithmic, a maker of Substance, the industry standard for 3D textures and material creation in game and video post-production. By combining Allegorithmic’s Substance 3D design tools with Creative Cloud’s industry-leading imaging, video and motion graphics tools, Adobe will empower video game creators, […]

CBN holds interest rate at 14%
Big Business Global

CBN holds interest rate at 14%

The Central Bank of Nigeria said it will hold the benchmark interest rate at 14% as a result of several geopolitical, socio-political tensions as well as the impact of election spending. Nigeria’s Central Bank said there are concerns that the economy will grow by 2.28% for the year. The CBN […]

TomTom sells telematics unit for €910 million
Tech

TomTom sells telematics unit for €910 million

Location technology specialist TomTom today announced the sale of its Telematics business to Bridgestone Europe NV/SA. Bridgestone Europe NV/SA is a subsidiary of Bridgestone Corporation in EMEA, for a purchase price of €910 million, and proposes to return the majority of the proceeds to its shareholders. This transaction allows the […]

US prepares to extradite Huawei CFO, Meng Wanzhou
Global

US prepares to extradite Huawei CFO, Meng Wanzhou

There is a latest development regarding the extradition of Huawei’s chief financial officer, Meng Wanzhou. According to Globe and Mail cited by Reuters News, American authorities are preparing to apply for the extradition of the daughter of Huawei’s founder, Meng Wanzhou. Meng Wanzhou who is the CFO of the Chinese […]