How Amazon’s Cloud Business Generates Billions In Profit
Every year since at least 2014, more than half of Amazon’s operating profit has come from the online retailer’s cloud…
Category: Technology
Apple’s Strategy To Fight Off Antitrust Regulators: Fix The App Store One Rule At a Time
In the past few weeks, Apple has madeseveral changes to its App Store rules, allowing a larger number of companies…
Nigeria: Fintech Group Raises N2.2bn Series 1 Note
CapitalSage Technology Limited a Fin Tech company has raised a N2.2bn series 1 Private Company Notes issue, under its N10bn…
Warren Buffett-Backed Electric Carmaker BYD Sees August Sales Surge More Than 300%
BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago, as demand…
Didi Denies Reports That Beijing City Is Coordinating Companies To Invest In It
China’s ride-hailing giant Didi Global Inc (DIDI.N) said on Saturday that media reports that the Beijing city government is coordinating companies…
Italy Says Bids For National Cloud Hub Expected This Month
Italy expects to receive bids by the end of September from companies interested in building a national cloud hub, a…
After Criticism, Apple Says It Will Delay Child Safety Updates
Apple Inc (AAPL.O) said on Friday it would take more time to collect feedback and improve proposed child safety features after the…
Flipkart Co-Founder Challenges Indian Enforcement Agency Probe
The future looked promising for Tinashe Mapuranga, an intern at a leading bank in Zimbabwe who appeared set to get…
Exclusive Amazon To Proactively Remove More Content That Violates Rules From Cloud Service -Sources
Amazon.com Inc (AMZN.O) plans to take a more proactive approach to determine what types of content violate its cloud service policies, such…
Tech Giants Seek Meeting With New Malaysian PM On Foreign Ship Cable Waiver
Facebook, Google, Microsoft and Amazon are seeking to meet Malaysia’s prime minister to ask that foreign vessels be allowed to…
Vodafone UK Refarms Block of 900MHz For 4G Use; Claims Breakthrough On Energy Consumption In 5GB
British mobile network operator (MNO) Vodafone UK has announced it is undertaking a project aimed at making ‘the best and…
Twitter Ban Remains, Says NCC As Nigerians Lose N220.36bn
The Twitter ban in Nigeria is still in effect according to the Director, Public Affairs, Nigerian Communications Commission, Dr Ikechukwu…
China’s Tech Giants Pour Billions Into Xi’s Vision Of ‘Common
Alibaba will invest 100 billion yuan ($15.5 billion) over the next few years into “common prosperity” initiatives, joining a chorus…
WhatsApp faces $267M Fine For Breaching Europe’s GDPR
It’s been a long time coming but Facebook is finally feeling some heat from Europe’s much trumpeted data protection regime:…
Nio And Xpeng Deliveries Fall in August As Chip Shortage Hits China’s Electric Carmakers
Nio and Xpeng deliveries dropped in August as the chip shortage and supply chain constraints hit the Chinese electric vehicle…
Apple Will Let Some Apps Guide Users To Websites To Make Payments, Bypassing Apple’s Cut
Apple on Wednesday said that some apps will be allowed to provide a link to their websites to prompt users…
Chinese Regulators Summon 11 Ride-Hailing Firms, Including Didi, Over ‘Illegal Behavior’
Chinese regulators have summoned and interviewed 11 ride-hailing firms asking them to rectify non-compliant behavior. The Ministry of Transport, along…
Online Dating Company ParshipMeet Prepares For IPO In 2022
Rivals such as Bumble and Tinder-owner Match Grouping trade at about 50 times their expected core earnings. That means ParshipMeet could be valued at more than 4 billion euros in the IPO, people close to the matter said.
Hewlett Packard Enterprise Wins $2Bln Computing Service Deal With U.S. National Security Agency
Hewlett Packard Enterprise Co (HPE.N) on Wednesday said it won a 10-year, $2 billion contract to supply high-performance computing systems to the…
Google Appeals France’s ‘Disproportionate’ $591 Million Fine In Copyright Row
Google (GOOGL.O) said on Wednesday it was appealing against a 500 million euro ($591 million) fine imposed by France’s antitrust watchdog in…
Exclusive Chinese State Firms To Take Big Stake In Ant’s Credit-Scoring JV -Sources
State-backed firms are set to take a sizeable stake in a key Ant Group asset for the first time, three…
Australia Is Considering New Laws For Apple, Google, WeChat Digital Wallets
The Australian government is considering new laws that would tighten the regulation of digital payment services by tech giants such…
Google Reportedly Plans To Put Its Own Chips In Chromebook Laptops From 2023
Google is edging closer to rolling out its own central processing units, or CPUs, for its Chromebook laptops, according to a report from…
Data And AI Platform Databricks Raises $1.6 Bln, Valued At $38 Bln
Databricks, a data analytics platform that uses artificial intelligence, said on Tuesday it raised $1.6 billion to expand its engineering…
S.Korea’s Parliament Passes Bill To Curb Google, Apple Commission Dominance
South Korea’s parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from…
Apple Watch Production Delayed – Nikkei
Production of Apple Inc’s (AAPL.O) latest smartwatch has been delayed due to its complicated design, the Nikkei reported on Tuesday, citing people…
Zoom Shares Slide 11% As Searing Growth Tapers Off
Shares of Zoom (ZM.O) slid more than 11% in premarket trading on Tuesday, after the video conferencing company signaled a faster-than-expected drop…
Market’s Record Price Action Is Mimicking Late 1999 And It Could Spark a 10% to 20% Correction,Long-Term bull Julian Emanuel Warns
A dicey situation reminiscent of the dot-com bubble may be unfolding on Wall Street. According to BTIG’s Julian Emanuel, the…
Tencent and NetEase Shares Pare Losses After China Tightens Gaming Rules For Kids
Shares of China’s second-largest gaming company NetEase fell on Tuesday after regulators dramatically cut down the amount of time children…
SoftBank-Backed Ride-Hailing Firm Ola Plans To Raise $1 Billion In India IPO
Indian ride-sharing firm Ola is planning to raise up to $1 billion through an initial public offering, a source familiar…