Luckin raises $561 mn in US IPO: biggest float by Chinese firm this year
Luckin Coffee intensifying rivalry with Starbucks; plans to open 4500 stores in China by the end of this year
Volkswagen ‘encouraged’ to resume IPO for truck unit Traton
Volkswagen had said that it could list up to 25 percent of Traton in a deal anticipated to be worth $6.7 bn
Italy for tie-ups with UAE sovereign wealth funds to invest in Africa, Asia
With this patnership, the UAE's startups will also be able to invest and acquire stakes in Italian firms
Lazada becomes the most popular e-commerce platform in growing Southeast Asian markets
Its popularity comes despite an overall decline in visits to the site in the first quarter, according to iPrice report
India demonstrates slow progress in IIoT adoption: Accenture
Partner at Accenture Saurabh Bhatnagar said IIoT could contribute $14.2 trillion to the global economy by 2030
Lyft effect: Uber valued at $82.4 billion in its most anticipated IPO
After Lyft’s IPO jitters, Uber settles for $45 per share with a valuation that is nearly a third less than predicted
Panasonic, China’s GS-Solar to setup new photovoltaic venture in Japan
New venture will introduce high value-added photovoltaic modules to a market with global growth potential
Hackers withdraw $40.7 mn in bitcoin from Binance crypto exchange
The illegitimate transaction has only affected the exchange’s BTC hot wallet which contained 2 percent of its total BTC holdings
Southeast Asia manufacturing surges as Trump trade war effect moderates
Southeast Asian manufacturing companies added jobs at the fastest pace in 2019 in April: Survey
Amazon targets UAE with new Arabic website Amazon.ae
Arabic has been introduced on both the mobile app and the website to improve customer experience
More bad news for KPMG in Africa as Barclays Kenya parts ways
The decision comes right after Absa Bank terminated the services of KPMG over the corruption scandal in South Africa