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SoftBank, Didi unveil taxi-hailing business in Japan

SoftBank, Didi unveil taxi-hailing business in Japan

Didi Mobility Japan will start trials this year in Osaka, followed by Tokyo, Kyoto, Fukuoka and Okinawa. The logo of Chinese ride-hailing firm Didi Chuxing is seen at their new drivers center in Toluca, Mexico, April 2018. (Reuters pic) TOKYO: SoftBank Group Corp and China’s Didi Chuxing are teaming up on a taxi-hailing platform for […]

July 19, 2018 | By | Reply More
China electric scooter startup Niu said to plan US$300 million IPO

China electric scooter startup Niu said to plan US$300 million IPO

Niu, the Chinese company that sells so-called smart electric scooters in 27 countries, is pursuing an IPO that could raise about US$300 million. A Niu electric scooter. (Bloomberg pic) HONGKONG: Niu, the Chinese company that sells so-called smart electric scooters in 27 countries, is pursuing an initial public offering that could raise about US$300 million, […]

July 19, 2018 | By | Reply More
Novartis to pay as much as US$1 billion for eczema drug rights

Novartis to pay as much as US$1 billion for eczema drug rights

Atopic dermatitis is a severe form of eczema, that causes skin to itch, flake, ooze or bleed, affecting an estimated 8% of adults and 14% of children worldwide. The logo of Swiss drugmaker Novartis at its headquarters in Basel, Switzerland, October 2013. (Reuters pic) GENEVA: Novartis AG agreed to buy the rights to a skin-disease […]

July 19, 2018 | By | Reply More
Princeton grad’s english app plans US IPO

Princeton grad’s english app plans US IPO

Liulishuo, an app that teaches English to Chinese students, is planning an initial public offering in the US. Liulishuo CEO and Founder Wang Yi. (Bloomberg pic) BEIJING: Liulishuo, an app that teaches English to Chinese students, is planning an initial public offering in the US as it seeks to expand in the competitive business of […]

July 19, 2018 | By | Reply More
Volvo profit rises more than expected as truck demand increases

Volvo profit rises more than expected as truck demand increases

Volvo’s total truck orders increased by 10% in the second quarter of 2018. In the second quarter of 2018, Volvo was more profitable than it was expected to be. (Bloomberg pic) GOTHENBURG: Volvo AB’s efforts to capitalise on increasing truck demand bore fruit in the second quarter as profit rose more than analysts expected. Second-quarter […]

July 19, 2018 | By | Reply More
SoftBank’s Son says Japan is “stupid” for not allowing ride-sharing

SoftBank’s Son says Japan is “stupid” for not allowing ride-sharing

The Japanese government outlaws non-professional drivers from transporting paying customers on safety grounds. SoftBank is Uber’s largest shareholder (Reuter pic)  TOKYO: SoftBank Group Corp Chief Executive Masayoshi Son slammed on Thursday the Japanese government’s ride-sharing ban and said the country had fallen behind overseas rivals in areas such as artificial intelligence and fintech. “Ride-sharing is […]

July 19, 2018 | By | Reply More
Trade war concerns cloud New York City investment conference

Trade war concerns cloud New York City investment conference

Earlier this month the United States and China slapped tariffs on US$34 billion of each other’s imports in an escalating trade tussle that has roiled financial markets. Kenneth Griffin, founder and CEO of Citadel, takes part in a panel discussion at the 2011 Milken Institute Global Conference in Beverly Hills, California May 3, 2011. (Reuters […]

July 19, 2018 | By | Reply More
Musk enlisted Sierra Club to deflect flak over GOP donation

Musk enlisted Sierra Club to deflect flak over GOP donation

Musk called Brune, the Sierra Club’s executive director, and asked that he make public more than US$6 million in contributions to the anonymous group. Michael Brune, Executive Director of the Sierra Club Speaks. (Bloomberg pic) WASHINGTON: Elon Musk personally dialled up the head of the environmental group the Sierra Club and asked for help with […]

July 19, 2018 | By | Reply More
EU order against Google opens new doors for mobile industry

EU order against Google opens new doors for mobile industry

The ruling aims to open the door for Samsung, Lenovo Corp and other phone makers that have been tied to selling devices full of Google applications to start using some alternative software. A 3D printed Android mascot Bugdroid is seen in front of a Google logo in this illustration taken July 9, 2017. (Reuters pic) […]

July 19, 2018 | By | Reply More
Microsoft’s focus on cloud, partnerships paying off

Microsoft’s focus on cloud, partnerships paying off

When it reports earnings on Thursday, the tech giant is once again expected to post banner results, fueled by its fast-growing Office 365 productivity suite subscription service and the Azure cloud computing business. Silhouettes of mobile users are seen next to a screen projection of Microsoft logo in this picture illustration taken March 28, 2018. […]

July 19, 2018 | By | Reply More