Industry News

Alibaba Sales Surpassed USD 30 Billion on Singles Day

Chinese e-commerce giant, Alibaba reported record breaking sales of USD 30.8 Billion on singles day surpassing combined sales of Black Friday and Prime Day.

IBM Corp. to Acquire Software Company, Red Hat for $34 Billion

American multinational company, IBM Corp. is combining forces with Red Hat to catapult the company into the ranks of the top cloud competitors.

Richemont and Alibaba to Collaborate in Online Luxury Market

Chinese e-commerce giant, Alibaba has formed a joint venture with the Swiss luxury group, Richemont to penetrate luxury goods industry.

Limelight and Ericsson Partnership on Content Delivery & Edge Cloud Services

Ericsson is partnering with Limelight to add content delivery capabilities to its new Ericsson Unified Delivery Network (UDN) platform.

Baidu joins AI group led by U.S.

Search engine firm, Baidu has become the first Chinese company to join the artificial intelligence group, consisting of top U.S. firms. Search engine firm, Baidu has become the first Chinese company to join the artificial intelligence group, consisting of top U.S. firms. China: Baidu was named

Apple Launched iPhone XS, iPhone XS Max and less expensive iPhone XR

Apple introduced three new iPhone s the iPhone XS, iPhone XS Max and iPhone XR. The new s are successors to last year's iPhone X, iPhone 8 and iPhone 8 Plus.

Volkswagen Plans to Use 3D Printing for Mass Production

The world's largest car manufacture revealed plans to start using HP metal printing technology to manufacture select parts including gear knobs and custom tailgate lettering within two to three years.

Solid Power Raises $20 Million In the Battle to Build All-Solid-State Batteries

The race to manufacture the next generation battery is warming up. Just in the principal half of 2018, investors have drawn into battery new businesses twofold the sum they have invested into 2017.

Lactalis Buys Infant-Formula Unit from Aspen for USD 860 Million

Lactalis International agreed to buy an infant-formula business from Aspen Pharmacare Holdings Ltd. for 739.8 million euros ($860 million) to target the fast-growing Chinese market.

BMW Announces Intelligent Personal Assistant Communication System

BMW introduced Intelligent Personal Assistant, an AI powered system to support driver’s communication with their cars as they do with their smartphones.

India's ITC is Planning to Launch Milk-Based Beverages

ITC is set to launch ready-to-drink milk-based beverages to take on popular rivals Coca-Cola, Amul and Britannia in the Indian Market

Nestle and Starbucks Close Deal for the Perpetual Global License

Nestle and Starbucks Corporation publicized the closing of the deal granting Nestle the rights to market Starbucks Consumer Packaged Goods and Foodservice products globally

Toyota to Invest $500 Million in Uber for Self-Driving Cars

Japanese carmaker Toyota is set to invest $500 Million in Uber and expand a partnership to mutually create self-driving cars to catch up with rivals over autonomous vehicles.

Apple buys AR headset lens maker Akonia Holographic

Apple complete the acquisition of Colorado-based Akonia Holographics, a startup focused on the development and production of specialized lenses used in augmented reality headsets.

Costa Coffee deal: Coca-Cola to Purchase UK's Greatest Espresso Chain for £3.9bn

Coca-Cola is in deals to purchase the Costa coffee chain from owner Whitbread in a deal worth £3. 9bn.

Great Wall to dispatch first vehicle under EV mark Ora in China

The Great Wall Motor will begin offering the primary Ora-badged electric vehicle at the Chengdu automobile fair on Aug. 31 to extend its electric vehicle lineup.

Vietnam's Vinfast In Deal with Siemens For Technology to Make Electric Busses

For the supply of technology and components to manufacture electric buses, VinFast Trading and Production LLC has contracted two agreements with Siemens Vietnam, a unit of Siemens AG.

Bosch Takes Equity Stake in Fuel Cell Firm Ceres Power

Bosch has taken a minority value stake in Horsham-based Ceres Power. The German producer consented to an arrangement with Ceres in January which has now been made open and will contribute an underlying £9m for a 4.4% offer.

Oprah Winfrey Partners with Kraft Heinz To Enter Line of Frozen Pizza with Cauliflower Crust

Precisely a year after entertainment entrepreneur Oprah Winfrey declared she was propelling her line of supermarket refrigerated soups and side dishes, she's expanding to the frozen food market.

Porsche Groups with Epic Games on Design Innovation

Porsche has joined forces with video game producer, Epic Games and a pioneer in graphic processing hardware, Nvidia, to exhibit what they tout as a leap forward in computer design rendering.