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BUSINESS

Oracle wins cloud computing deal with Zoom as video calls surge

April 28th, 2020

Zoom and Oracle executives said their engineering teams worked together on a daily basis to get up and running systems.

BUSINESS

Samsung ends Mobile Phone production in China

April 12th, 2020

Samsung ends smartphone production in China by intensifying competition from domestic rivals.

BUSINESS

WeWork troubles deepen as SoftBank pulls its $3 billion tender offer

April 4th, 2020

SoftBank has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders.

FUNDING

Tencent-backed Yuanfudao near to close new Fundraising at $7.5 billion Valuation

March 20th, 2020

Online education platform Yuanfudao near to close new Fundraising at $7.5 billion Valuation.

ACQUISITION

Xerox considers $27 billion Takeover offer of HP

November 7th, 2019

Xerox Holdings Corp considers $27 billion cash-and-stock takeover offer from personal computer maker HP Inc.

CHINA

Tesla gets Approval to Start Manufacturing in China

October 17th, 2019

The Chinese industry ministry said that EV automobile maker Tesla Inc was added to a government list of approved automotive manufacturers.

BUSINESS

TikTok owner ByteDance Revenue Jumps over $7 billion in First Quarter

September 30th, 2019

ByteDance, which was loss-making in the first-half, also posted a profit in June and was confident of making a profit in the second half of the year, one of the people said, declining to be identified as the company has not made a public announcement. Robust growth has led the Beijing-based startup to revise its revenue target for...

BUSINESS

SoftBank Turns against WeWork's parent CEO Neumann

September 23rd, 2019

Japanese VC firm Softbank a leading investor in Coworking startup WeWork decided to act against company's CEO Adam Neumann after company postponed its initial public offering.