Saturday, December, 14, 2019 12:01:37

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 …

NEC Corporation acquires the largest Danish IT company KMD Holding

The takeover is expected to fast-track the NEC’s global safety business. The buyout may attain closure by February 2019. Japanese multinational giant NEC Corporation has reportedly acquired the largest Danish IT firm, KMD Holding ApS, from one of the world’s most experienced private equity investors, …

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 …