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Quartix : Financial Statements 2020 | MarketScreener marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
The new EV company will count on Baidu s intelligent driving capabilities. Beijing: China s search engine giant Baidu Inc said on Monday it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV), the latest move by a tech company in the fast-evolving sector. Baidu, which has been developing autonomous driving technology and Internet connectivity infrastructure, said the new EV company will count on Baidu s intelligent driving capabilities and Geely s car manufacturing expertise. Geely will also be a strategic investor in the new company, which will be an independent subsidiary of Baidu, Baidu said in the statement. ....
Breaking up Ant worst-case scenario only thestandard.com.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestandard.com.hk Daily Mail and Mail on Sunday newspapers.
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Ant Turning From Windfall to Nightmare for Global Investors Bloomberg 12/28/2020 Bloomberg News (Bloomberg) Two months ago, global investors including Warburg Pincus, Carlyle, Temasek and GIC were on the cusp of a massive windfall from what would have been the world’s largest initial public offering. Now, returns on the hundreds of millions of dollars they invested with Ant Group Co. are in jeopardy. On Sunday, China ordered Ant to reexamine its fintech businesses spanning from wealth management to consumer credit lending and insurance and return to its roots as a payments service. While the central bank’s statement was short on specifics, it presents a serious threat to the growth and most lucrative operations of billionaire Jack Ma’s online finance empire. Regulators stopped short of asking directly for a breakup of the company, yet stressed it was important Ant “understand the necessity of overhauling its business” and ....