Huawei Technologies’ new smart car software and components firm is set for a valuation of up to 250 billion yuan ($34.67 billion) after it sells stakes to investors including Changan Auto, three people with knowledge of the matter said. The Chinese company said on Sunday it will spin off its …
Read More »China’s Alipay to sell its stake in India’s Zomato for nearly $400M
Chinese payments group Alipay launched a $400 million accelerated bookbuild to sell its stake in Indian food delivery giant Zomato, according to the deal’s term sheet on Wednesday. Chinese payments group Alipay launched a $400 million accelerated bookbuild to sell its stake in Indian food delivery giant Zomato, according to …
Read More »Big Tech in charge as ChatGPT turns one
A year after the history-making release of ChatGPT, the AI revolution is here, but the recent boardroom crisis at OpenAI, the super app’s company, has erased any doubt that Big Tech is in charge. In some ways, the discreet reveal of ChatGPT on November 30 last year was the revenge …
Read More »‘Rat miners’ to the rescue: How trapped India tunnel workers were saved
When heavy machinery broke down trying to break through the debris trapping 41 workers in a tunnel in the Indian Himalayas, authorities called in a group of people whose profession is effectively banned in the country – “rat-hole mining”. While augur machines managed to horizontally drill through nearly three-quarters of …
Read More »Death toll from Kenya floods almost doubles to 120
The death toll from floods that have devastated many parts of Kenya has almost doubled to 120, a government official said on Tuesday. More than 89,000 households have also been displaced and are being sheltered in over 112 camps, top interior ministry official Raymond Omollo said in a statement. Kenya …
Read More »All 41 Indian workers trapped in tunnel for 17 days rescued
Indian workers were greeted with wild cheers and flower garlands Tuesday as rescuers safely brought out all 41 from the collapsed Himalayan road tunnel where they were trapped after a marathon 17-day engineering operation. One of the trapped workers is checked out after he was rescued from the collapsed tunnel …
Read More »11 killed in accident at northeast China coal mine: CCTV
Eleven people died in an accident at a coal mine in China’s northeastern Heilongjiang province on Tuesday, state media outlet CCTV said. A shearer machine is seen underground in the Xiaobaodang coal mine during a media tour of the Shaanxi coal mines organized by Chinese telecoms giant Huawei near Yulin, …
Read More »Campaigning gets underway in Indonesia for February presidential election
Campaigning for Indonesia’s presidential election was officially underway on Tuesday, with two of the three candidates kicking off two months of whistle-stop touring to woo voters in a race to lead the world’s third largest democracy. Anies Baswedan rides a motorcycle with his wife Fery Farhati before his campaign in …
Read More »China foreign minister Wang Yi to visit Vietnam
Chinese foreign minister Wang Yi will visit Vietnam from Friday to Saturday per an invitation from Deputy Prime Minister Tran Luu Quang. Yi, Director of the Chinese Communist Party Central Committee Foreign Affairs Commission Office and Minister of Foreign Affairs, will co-host the 15th session of the Steering Committee for …
Read More »Vietnamese professor wins Canadian government research funding
A Vietnamese professor in Canada has been named one of 34 Canada Excellence Research Chairs (CERCs) and granted a fund of CAD$8 million (US$5.89 million) for his research. Duong Quang Trung, 44, full Professor at Memorial University, Canada and Chair Professor at Queen’s University Belfast, U.K., received the fund for …
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