“My style of deal-making is quite simple and straightforward,” wrote Donald Trump in his 1987 book Trump: The Art of the Deal. “I aim very high, and then I just keep pushing and pushing…
Alibaba Heads Investment in Israel’s SQream DB
Alibaba has spearheaded a Series B funding round in Israeli company SQream DB, marking its first major investment in the Middle Eastern nation. The round, totaling $26.4 million, also included Hanaco Venture…
Lenovo Could be Dropped from Hong Kong Index, as Huge Slide Continues
Chinese computing firm Lenovo could lose its spot on Hong Kong’s equity index, as it sheds value more than any other technology company. The Beijing- and Morrisville, North Carolina-headquartered manufacturer, has lost…
Alibaba-backed AI Startup SenseTime Bags Record $600m Funding Round
A Chinese artificial intelligence startup has just closed a funding round worth $600 million, which is the single largest venture investment in the burgeoning AI industry. SenseTime, a Beijing-based face and image…
Alibaba Buys Food Delivery Firm Ele.me in $9.5bn Deal
Chinese e-commerce giant Alibaba has acquired Ele.me, an online food delivery service, in a deal worth $9.5 billion. Ele.me, founded ten years ago and headquartered in Shanghai, is operational in over 2,000…
US Tech Stocks Tumble – And Look Set to Continue Doing So
American Big Tech shares took one of their biggest hits of the year this week, as crises on multiple fronts threaten to topple the dominance of the sector’s big leaders. It leaves…
Trump Fires First in China Trade War – Tech Looks on Nervously
Is it ever a quiet week at the White House? After Donald Trump fired H.R. McMaster as national security advisor, replacing him with Bush Jr-era hawk John Boston, the President launched his…
CES Showcases Gadgetry, AI and How Tech’s Power Map is Changing
As if 2017 wasn’t the year that confirmed anything could be hooked up to the net, CES – traditionally the season opener for the year in tech – went into IoT overload…
Asia’s Top Tech Trends in 2018: By the Letters
Across Southeast Asia, rising tech startups and firms are vying for glory in 2018. While artificial intelligence (AI) and augmented reality (AR) may be touted as the next big things in Silicon…
China’s Bike-Share Market a Failure of Transparency and Tech
Bluegogo, one of China’s largest bike-share companies, appears on the edge of ruin, with its office empty, debts unpaid and its CEO suddenly absent. The firm, which has raised $58 million and…