Munich. The BMW Group will in future be supporting research into quantum computing at the Technical University of Munich (TUM). Today, Prof. Thomas F. Hofmann, President of TUM, Frank Weber, Member of the Board of Management of BMW AG, Development, and Alexander Buresch, CIO of BMW AG, signed an agreement to establish an endowed chair… Continue reading @BMW: Cutting-edge research into quantum computing: BMW Group and Technical University of Munich agree to create an endowed chair in “Quantum Algorithms and Applications”.001212
Tag: M and A
GWM’s L.E.M.O.N. Platform Leads a New Trend of Safe Driving in the World
Eyeing the future and leading in the world, GWM’s L.E.M.O.N. platform is a highly intelligent modular technology platform that boasts the advantages as follows: flexibility, high performance, high safety, and lightweight. The platform’s safety system integrates 18 typical usage scenarios collected from global users and strictly complies with the requirements of NCAP five-star safety rating… Continue reading GWM’s L.E.M.O.N. Platform Leads a New Trend of Safe Driving in the World
Indonesia’s OTT firm Asia Vision Network merges with SPAC to launch US IPO …
Indonesia’s PT Asia Vision Network (AVN) announced its plans to go in for listing through a merger with NASDAQ-listed SPAC Malacca Straits Acquisition Company (MLAC). AVN, a wholly-owned subsidiary of MNC Vision Networks Tbk (IPTV), has submitted a draft to the US Securities and Exchange Commission on the same. The business combination is subject to… Continue reading Indonesia’s OTT firm Asia Vision Network merges with SPAC to launch US IPO …
Indonesian e-commerce firm Bukalapak seeks to raise up to $800m in IPO
Bukalapak, Indonesia’s No. 4 e-commerce firm, is keen to raise as much as $800 million in an IPO in August, two people with knowledge of the matter said, in what is likely to be the biggest by a startup in the Southeast Asian nation. Tapping a sharp pickup in investor interest in Southeast Asia’s rapidly… Continue reading Indonesian e-commerce firm Bukalapak seeks to raise up to $800m in IPO
Blackstone nears $3b deal to acquire office developer Soho China
Blackstone Group Inc is nearing a deal to buy office developer Soho China Ltd in what would be its biggest real estate investment in the Asian country, Bloomberg News reported on Tuesday, citing people familiar with the matter. Hong Kong-listed Soho China could be valued at about $3 billion in the deal that could be announced… Continue reading Blackstone nears $3b deal to acquire office developer Soho China
Lilium holds Analyst Day, announcing former Airbus CEO Dr. Thomas Enders will serve as Chairman of the Board following business combination with Qell
MUNICH and SAN FRANCISCO, June 16, 2021 /PRNewswire/ — Lilium GmbH (“Lilium”), positioned to be a global leader in sustainable regional air mobility, announced that Advisory Board member Dr. Thomas Enders will assume the role of Chairman of the Board of Directors of Lilium N.V. upon completion of Lilium’s business combination with Qell Acquisition Corp… Continue reading Lilium holds Analyst Day, announcing former Airbus CEO Dr. Thomas Enders will serve as Chairman of the Board following business combination with Qell
LeoLabs Selects the Azores as Site for its next Space Radar; Accelerates Presence in Europe for LEO Services and Infrastructure
MENLO PARK, Calif., June 16, 2021 /PRNewswire/ — LeoLabs, Inc., the world’s leading commercial provider of low Earth orbit (LEO) mapping and Space Situational Awareness (SSA) services, today announced the Azores as the site for its next space radar. As a strategic addition to LeoLabs expanding global constellation of LEO sensors, the Azores Space Radar… Continue reading LeoLabs Selects the Azores as Site for its next Space Radar; Accelerates Presence in Europe for LEO Services and Infrastructure
AVIAREPS and Air Black Box Partner to Promote Third-Generation Interlining Solutions
As airlines relaunch their services and restore their networks, legacy interlining processes and structures dating from decades ago are no longer fit for purpose in enabling airlines to partner effectively or allowing consumers to find the most convenient and cheapest flight connection options. Air Black Box’s ACE and ThruBag™ solutions create a new way for… Continue reading AVIAREPS and Air Black Box Partner to Promote Third-Generation Interlining Solutions
eBay said to be selling South Korean unit to Shinsegae, Naver for $3.6b
EBay will sell its South Korean business to retailer Shinsegae Group and e-commerce firm Naver for about 4 trillion won ($3.6 billion), local newspapers reported on Wednesday. EBay Korea is the country’s third-largest e-commerce firm with market share of about 12.8% in 2020, according to Euromonitor. It operates the platforms Gmarket, Auction and G9. Shinsegae,… Continue reading eBay said to be selling South Korean unit to Shinsegae, Naver for $3.6b
Kolene Acquires Chemical Division of Park Thermal International
DETROIT, June 16, 2021 /PRNewswire/ — Kolene Corporation has acquired the Chemical Division of Park Thermal International Corporation. The president of Park Thermal, Mr. Jay Mistry, will work with Kolene going forward to assure the transition of all Park Thermal standard and proprietary heat treat chemical blends, as well as providing customer support. Kolene Corporation has… Continue reading Kolene Acquires Chemical Division of Park Thermal International