Alibaba Group Holding founder Jack Ma is fine and “lying low right now”, the Chinese e-commerce giant’s executive vice chairman, Joe Tsai, said in an interview with CNBC on Tuesday. Following Ma‘s criticism of the Chinese regulatory system last year, the authorities have come down heavily on the company, leading to the shelving of financial affiliate Ant Group’s IPO. Ma has been largely out of public view ever… Continue reading Alibaba executive vice chairman says Jack Ma’s fine and lying low
Category: Automotive
Foxconn unit invests $36m in Gigasolar partnership to develop EV battery materials
Taiwan’s Foxconn said a subsidiary has invested T$995.2 million ($36 million) in Gigasolar Materials Corp to develop electric vehicle (EV) battery materials. Foxconn, Apple’s main iPhone maker, said the investment via a private placement through a Taiwan-based subsidiary will make it the second-largest shareholder in Gigasolar, known for manufacturing solar cell materials. The two companies will jointly… Continue reading Foxconn unit invests $36m in Gigasolar partnership to develop EV battery materials
Bank Rakyat Indonesia seeks to sell 23.25% stake in rights issue
Indonesia‘s largest lender by assets, PT Bank Rakyat Indonesia said on Tuesday it will seek shareholders approval next month to conduct a rights issue that will enable the acquisition of two state firms. BRI plans to sell a maximum 28.68 billion shares in the rights sale, or 23.25% of its total equity, the company said in a stock exchange filing. The government, the controlling shareholder of BRI, will participate in… Continue reading Bank Rakyat Indonesia seeks to sell 23.25% stake in rights issue
China tells e-commerce firms to regulate promotional phone messages
China‘s industry ministry on Tuesday said that it had told e-commerce giants Alibaba, JD.com and Pinduoduo to regulate their use of promotional phone messaging to users ahead of the annual June 18 shopping festival. The directive, delivered during what the ministry said was a meeting on June 11, is the latest move in an ongoing regulatory clampdown on China‘s booming “platform economy”.… Continue reading China tells e-commerce firms to regulate promotional phone messages
Toyoda Gosei Starts Sample Shipments of e-Rubber “Smart Insoles”
KIYOSU, Japan–(BUSINESS WIRE)–Toyoda Gosei Co., Ltd. (TOKYO:7282) has developed “Smart Insoles” with embedded e-Rubber* sensors that can obtain foot pressure data during movement. The company began shipping samples of Smart Insoles to a golf school operated by Mizuno Corporation (Mizuno Golf Studio, Ozone Branch) in June 2021. Smart Insoles are light and durable, and can… Continue reading Toyoda Gosei Starts Sample Shipments of e-Rubber “Smart Insoles”
Ardenna Rail-Inspector Now Available in the Microsoft Azure Marketplace
Ardenna’s Rail-Inspector is a SaaS offering, only available on Azure. “Through the Microsoft Azure Marketplace, Rail-Inspector will have a broader exposure to domestic and international railroad track asset owners,” said David M. Patterson, Business Development Director for Ardenna. “Through Microsoft Azure Marketplace, customers around the world can easily find, buy, and deploy partner solutions they… Continue reading Ardenna Rail-Inspector Now Available in the Microsoft Azure Marketplace
Avital increases safety in aviation
MEMMINGEN, Germany, June 15, 2021 /PRNewswire/ — ACM Aerospace (Aircraft Cabin Modification GmbH) presents a new sensor technology for seats with Avital, which measures the ECG values of the occupants without the need for wiring. Not only are health problems detected in real time, but also signs of exhaustion and stress in the pilot. This… Continue reading Avital increases safety in aviation
Bestpass Expands Toll Coverage to Alabama
ALBANY, N.Y., June 15, 2021 /PRNewswire/ — Bestpass®, the comprehensive payment platform provider and leader in toll management solutions for commercial fleets in North America, today announced that the company has expanded its nationwide toll coverage network to Alabama through a partnership with American Roads. Bestpass will offer its customers Alabama coverage on the Tuscaloosa… Continue reading Bestpass Expands Toll Coverage to Alabama
Hyde Hotels to Open its First International Property in Dubai
Hyde Hotels to Open its First International Property in Dubai. Hyde Dubai Business Bay to open in Q4 2021. Tweet this Chadi Farhat, Chief Operating Officer of sbe said, ” We couldn’t be happier to be working with Emerald Palace Group on bringing the Hyde brand to Dubai Business Bay and we want to thank Dr.… Continue reading Hyde Hotels to Open its First International Property in Dubai
Stor.ai Partners with Bringg for End-to-End Grocery Delivery Orchestration
CHICAGO, June 15, 2021 /PRNewswire/ — Stor.ai, the end-to-end digital commerce solution for grocers, today announced a new strategic partnership with Bringg, the leading unified fulfillment and delivery orchestration solution for retailers. The partnership will equip enterprise retailers of all sizes with the ability to conduct deliveries using their own fleets, third-party logistics providers, or any… Continue reading Stor.ai Partners with Bringg for End-to-End Grocery Delivery Orchestration