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Tencent raises $6 bn funding through bond sales

4Apr By AnkitaNo Comments

CHINA

Tencent raises $6 bn funding through bond sales

Shenzhen-based internet giant Tencent raises USD 6 billion in the bond sale. This is one of the biggest money collection through bond sales in Asia this year. Tencent confirmed this news in a filing to the Hong Kong stock exchange on Thursday with the biggest 10-year tranche of USD 3 billion priced at 3.975 percent. The social media giant in china also sold a five-year tranche of USD 2 billion in fixed and floating rate, USD 500 million in seven-year notes, and USD 500 million in 30-year notes. The dollar bond offering marks the biggest sale in Asia excluding Japan so far this year, according to data compiled by Bloomberg News, when sources tipped the offering to raise around USD 5 billion earlier this week. "The market is keenly anticipating Tencent's jumbo offering given the...

Pokemon Go May Promote Healthy Lifestyle: Study

8Jul By Press Trust of IndiaNo Comments

ANALYSIS

Pokemon Go May Promote Healthy Lifestyle: Study

Playing Pokemon Go may be good for your health, say scientists who have found that the popular physically-interactive game promotes exercise and reduces sedentary behavior. Researchers from Kent State University in the US assessed the ability of the smartphone based video game Pokemon Go to increase walking and decrease sedentary behavior, like sitting. They asked over 350 college students to report their physical activity and sedentary behavior the week before they downloaded Pokemon Go, the week immediately after downloading the game, and again several weeks later. The team found that relative to the week before downloading the game, students doubled their daily walking behaviour (102 per cent increase) and reduced sedentary behaviour by 25 per cent during the first week after d...

Route Mobile Founders Invests 65 Crores to Start Its Gaming Startup

29Mar By AnkitaNo Comments

FUNDING

Route Mobile Founders Invests 65 Crores to Start Its Gaming Startup

Route Mobile founders Rajdip and Sandip Gupta today announced an investment of USD 10 million or over Rs 65 crore to start an electronic gaming startup, Cobx Gaming Ventures. "As avid gamers ourselves we have always wanted to contribute to the growth of professional esports," Rajdip, the founder of Cobx, was quoted as saying in a statement. He added the esports category has matured in such a way that gamers can now consider it as a career as well. Mujahid Rupani has been named as chief executive of the new venture, the statement said. Cobx has also announced the launch of an international and Indian esports league. It will also be forming new international teams for popular online games, it added. Route Mobile is a city-based messaging and voice API company serving global clien...

Pokemon GO Makers Market Cap Doubles to $42 billion

19Jul By AnkitaNo Comments

News

Pokemon GO Makers Market Cap Doubles to $42 billion

Shares of Japan's Nintendo Co soared another 14 percent on Tuesday, more than doubling the firm's market capitalization to 4.5 trillion yen ($42.5 billion) in just seven sessions since the mobile game Pokemon GO was launched in the United States. The phenomenal success of Pokemon GO - now available in 35 countries, the majority in Europe, and most recently in Canada - has triggered massive buying in Nintendo shares, surprising even some seasoned market players. "I've never seen the trend of such a big company's shares changing so quickly in such a short period of time," said Takashi Oba, senior strategist at Okasan Securities. Nintendo shares ended Tuesday up 14.4 percent at 31,770 yen, bringing its gains to more than 100 percent since the launch of the game on July 6. Turnover in ...

Now Play Temple Run By Swiping Your Finger Across Your Arm

6May By AdityaNo Comments

Tech

Now Play Temple Run By Swiping Your Finger Across Your Arm

Soon, you'll be able to play Temple Run by swiping your finger across your arm as a team of researchers from Carnegie Mellon University has developed a new wearable technology Called SkinTrack that can turn the entire lower arm into a touchpad. Developed by the Human-Computer Interaction Institute's Future Interfaces Group, the new system allows for continuous touch tracking on the hands and arms. It also can detect touches at discrete locations on the skin, enabling functionality similar to buttons or slider controls. Previous "skin to screen" approaches have employed flexible overlays, interactive textiles, and projector/camera combinations that can be cumbersome. SkinTrack, by contrast, requires only that the user wear a special ring, which propagates a low-energy, high-frequency ...