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Automobile

Swedish startup Volta unveils electric truck

September 3rd, 2020

Volta Zero is the first fully electric 16 tonne delivery vehicle built for full electric commercial vehicle, designed for inner city freight distribution.

CHINA

Alibaba beats Quarterly Revenue, Profit Estimates

August 21st, 2020

Alibaba Group beat quarterly revenue and profit estimates as its core commerce and cloud computing businesses.

CHINA

Chinese Company Files $1.4 Billion Lawsuit Against Apple

August 3rd, 2020

Shanghai-based Xiao-i filed a $1.4 billion lawsuit against Apple, alleging it has infringed on its patents.

CHINA

Smartphone shipments in China fall 16% in June

July 13th, 2020

Chinese Smartphone shipments fell 16% in June compared with last year amid coronavirus effect.

News

Alibaba's Jack Ma sells $9.6 billion worth shares, stake dips to 4.8%

July 13th, 2020

The divestment comes as Ma retired as the Chinese e-commerce company's executive chairman in September and pulled back from formal business roles to focus on philanthropy.

USA

US Invest $1.6 billion in Novavax for Coronavirus Vaccine

July 8th, 2020

US government has awarded Novavax Inc $1.6 billion to cover testing and manufacturing of a potential vaccine for the novel coronavirus.

Automobile

Chinese EV startup Byton to suspend production from July 1 for reorganization

July 1st, 2020

Chinese EV company Byton will suspend production from July 1 after being hit by the coronavirus pandemic.

Automobile

Amazon agrees to buy self-driving startup Zoox for over $1 billion

June 26th, 2020

E-commerce company Amazon has agreed to pay over $1 billion to buy self-driving startup Zoox Inc.

FUNDING

Abu Dhabi state fund in talks to invest $1 bn in Jio Platforms: Report

May 29th, 2020

Mubadala Investment Company is in talks to invest about $1 billion in Reliance Jio platforms.

INDIA

Google faces Antitrust case in India over payments app

May 28th, 2020

Google is abusing its market position to unfairly promote its mobile payments app in the play store.

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US Adds 1.4M Jobs In August, Unemployment Falls To 8.4 Pct