Tech News update Huawei expects revenue to reach $122 billion in 2019 Dec 31, 2019 Huawei said Tuesday the company’s revenue in 2019 is expected to jump 18% year on year despite a series of campaigns led by the Trump administration…
Tech News update On-demand delivery startup Glovo raises $167 million at over $1 billion valuation Dec 19, 2019 European on-demand delivery startup Glovo has raised €150 million ($167 million) in a series E round of funding led by UAE-based investment firm…
Tech News update eBay sells StubHub to Viagogo for $4.05 billion Nov 26, 2019 After a lengthy consultation period sparked by hedge fund and activist investor Elliott Management, eBay has confirmed that it’s offloading its…
Tech News update China sets up $21 billion fund to support manufacturing tech Nov 22, 2019 China has set up a $21 billion state-backed fund to boost its manufacturing industry, according to a filing by one of the fund’s investors, amid a…
App and Software TikTok Hits 1.5 Billion Downloads Crossing Facebook and Instagram Nov 20, 2019 Chinese social media app TikTok has just crossed 1.5 billion downloads worldwide, becoming the third most downloaded non-gaming app in 2019. The…
Tech News update SoftBank proposes $30 billion merger between Yahoo Japan and Line Nov 19, 2019 Japan’s SoftBank plans to merge internet unit Yahoo Japan with messaging app operator Line to create a $30 billion tech giant, as it bags struggling…
Tech News update Uber’s losses top $1 billion, trumping better than expected revenues Nov 5, 2019 Better than expected revenues couldn’t divert investor attention from the fact that Uber still managed to lose more than $1 billion in the most…
Tech News update Microsoft furthers $5 billion IoT plan with new Azure features Oct 28, 2019 The ballooning internet of things (IoT) segment shows no sign of slowing down. According to IDC, 41.6 billion devices including smartphones, smart…
Tech News update Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year Oct 16, 2019 Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to…
Tech News update SEC Halts Telegram’s $1.7 Billion ‘Unlawful’ Token Issuance Oct 13, 2019 The U.S. Securities and Exchange Commission (SEC) secured an emergency restraining order against the Telegram Group and its subsidiary TON Issuer for…