Saturday, November, 16, 2019 05:14:05

Category: Headlines

Hellobike raises an undisclosed amount in the latest round of funding

The funding comes after a year after Hellobike raised USD 350 million from investors including Ant Financial. China’s third-largest bike-sharing firm Hellobike has reportedly announced to have raised an undisclosed amount in a latest round of funding. As per trusted sources, Primavera Capital, a Chinese …

Microsoft and Taiwan AI Labs collaborate to advance genetic analysis

The model deployed in TaiGenomics utilizes the genetic analysis of the patient and heavily relies on machine learning algorithms. Tech giant Microsoft has reportedly partnered with Taiwan AI Labs for working on genetic analysis as well as precision medicine industry in the country. Apparently, the …

Saudi Aramco launches domestic fuel retail subsidiary RetailCo

Saudi Aramco had inked a memorandum of understanding with Total to assess the feasibility of jointly acquiring a retail service station network in Saudi Arabia. Saudi Aramco has reportedly established a domestic fuel retail subsidiary as part of its strategy to grow beyond crude oil …

Japan’s GMO shuts down crypto-miner hardware manufacturing business

GMO would be abandoning its cryptocurrency-mining hardware manufacturing operations citing tremendous losses. However, the firm would be keeping the mining center open after it relocates the unit to an area with more affordable electricity plans. GMO Japan (GMO), a renowned Japanese internet company, has reportedly …

Huawei breaks its own sales record with 200M smartphone shipments

Huawei attributes the milestone to the sales of products like Honor 10 and P20. Leading global provider of information and communication technology, Huawei reportedly beat its own record by shipping over 200 million smartphones in the year 2018. The Chinese mobile manufacturer stated that the …

GE Renewable Energy secures its largest EPC project in India

ReNew Power, India’s largest renewable energy Independent Power Producer (IPP), has reportedly selected GE Renewable Energy to provide 120 GE 2.5-132 turbines for its Gadhsisa Wind Farm located in the state of Gujarat. As per trusted sources, the wind facility would have an overall installed …