Alibaba Group Holding Ltd said it plans split its business into six main units covering e-commerce, media and the cloud, adding that each will explore fundraising or initial public offerings. Alibaba’s U.S.-listed shares rose 7% in pre-market trading. Here are comments from analysts: THOMAS HAYES, CHAIRMAN AT GREAT HILL CAPITAL, NEW YORK “This is the […]
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Global bank shares slid on Monday even as U.S. authorities moved swiftly to stem contagion following the collapse of startup-focused Silicon Valley Bank. HSBC bought the UK arm of stricken SVB for a symbolic one pound, rescuing a key lender for technology start-ups in Britain and helping curb the fallout from the biggest bank collapse […]
New U.S. solar installations are on track to fall by nearly a quarter this year, with panel imports stalled by a ban on goods from China’s Xinjiang region over forced labor concerns, according to a market report released on Tuesday. The dour forecast by industry trade group the Solar Energy Industries Association and research firm […]
Chinese electric vehicle maker Nio will install swapping stations, where drivers can switch their car battery for a fully-charged one, at 20 charging parks in Germany owned by utility EnBW, the utility provider said on Thursday. Nio launched in Germany in October on a leasing model, with users leasing cars with a 75 gigawatt hour […]
Earlier last month, Monty Mobile offered a cloud service to Instagram & Facebook, enabling their users to upload their photos and videos in the highest resolution possible, hence increasing their customers’ loyalty and retention. Unfortunately, although all phone holders across the world struggle to get the latest iOS and Android, mainly for enjoying posting their […]
Small businesses represent about 90% of businesses worldwide. However, managing finances can be quite challenging for small businesses. Thankfully, there are now modern banking solutions that have made financial transactions in business seamless. One such is the virtual credit card. This innovation has enabled businesses to handle their financial affairs more smoothly. In this piece, we will […]
Windows 11 has introduced some fantastic new features. Microsoft has simplified the process of upgrading to a new OS. However, to guarantee a clean installation, it’s still important to do certain background checks and a few tins to keep in mind before installing Windows 11. First, before any major shift in software, make sure everything […]
If you reside in a rural area of India, waiting for the beta version of Starlink to be offered, you are aware firsthand that many people lack access to cable or fiber internet options, let alone the gigabit services that are available in some regions of the country. Indian citizens have voiced their concern about […]
The Russian invasion of Ukraine has tested the U.S. geopolitical caliber and superiority as a globally renowned powerhouse. With Russia’s condemning intrusion on Ukraine’s sovereign dominion, the U.S. played the field through economic sanctions against Russia to force some influence on Russian President Vladimir Putin. Yet, in March, it appeared that the U.S. decided to […]
Meta is partnering up with Polygon to bring NFTs to Instagram and Facebook. Polygon’s blockchain ecosystem will be made available to Meta’s aggregate 2.9 billion users as a result of the cooperation. According to a Tweet by Polygon CEO Ryan Wyatt, Meta chose Polygon as their partner because of their excellent scalability and eco-friendly carbon-neutral […]