Wednesday, 22 January 2025
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Tag: Investment

Amazon to acquire Indian BNPL startup Axio for over US$150M

Amazon is acquiring Indian BNPL startup Axio for over US$150M, strengthening its push into financial services in one of its fastest-growing markets.

Alibaba sells Sun Art hypermarket chain for US$1.7 billion to refocus on e-commerce

Alibaba sells Sun Art for US$1.7 billion, marking a strategic shift to focus on e-commerce and cloud computing while exiting brick-and-mortar retail.

ByteDance outspends rivals with US$11 billion investment in AI and tech

ByteDance leads China's tech spending with US$11 billion in AI and infrastructure, outpacing rivals and boosting its AI chatbot Doubao.

Apple invests billions in satellite connectivity to enhance iPhone features

Apple invested US$1.5 billion in Globalstar to improve satellite services and enhance iPhone connectivity in areas without cellular coverage.

2025 could be a pivotal year for AI, as global CFOs express concerns over ROI

A global survey of CFOs reveals growing concerns over AI ROI, with many planning to reduce AI spending if results aren't visible by 2025.

Foxconn invests in electric vehicle battery plant to diversify business beyond Apple iPhones

Foxconn invests US$82M in a Zhengzhou EV battery plant, diversifying into electric vehicles as part of its shift beyond Apple iPhone production.

Strategic AI investments give businesses a competitive edge

AI investment drives innovation and efficiency, with businesses gaining a competitive edge through strategic leadership and long-term integration.

China’s chip industry faces funding slump in 2024 amidst US tech rivalry

China's chip industry will see an over 30% funding drop in 2024 as US restrictions and domestic challenges reshape the semiconductor sector.

ChatGPT targets 1 billion users with ads and data centre investments

ChatGPT aims to reach 1 billion users in 2025 by investing in data centres and exploring advertising strategies for future growth.

Dutch chipmaker NXP and TSMC affiliate set sights on expanding US$7.8 billion Singapore venture

NXP and VIS plan to expand their US$7.8 billion Singapore venture to strengthen global chip production amid rising US-China tensions.

Take-Two Interactive sells Private Division to focus on core and mobile games

Take-Two Interactive sells the indie label Private Division to refocus on core and mobile games; the buyer remains undisclosed but has gained major titles.

New study reveals 95% of CEOs prioritise tech investments amid hybrid work boom

95% of CEOs prioritise tech investments to support hybrid work, with focus areas in AI, cloud, and security, driving productivity and employee satisfaction.