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Chinese tech companies rising to go global

A venture capitalist told CNBC that Chinese technology companies are trying to expand overseas while marking a shift in perspective among companies in China. According to a managing partner at venture capital company MSA Capital, Ben Harburg, this shift appeared as a part of competitive pressure in specific sectors and China’s tighter regulatory investigation on …

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Stock market, Hang Seng recovers by 0.23%

Stock Futures Were Mixed Ahead of the Jobs Report

Investors, as well as analysts, are waiting for the jobs report. Meanwhile, stock futures were muted on Friday morning ahead of the highly anticipated October jobs report. On Friday morning, futures on the Dow Jones Industrial Average dropped 24 points. Nasdaq 100 futures and S&P 500 futures hovered above the flatline. The nonfarm payrolls report …

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Tech giants, Alibaba’s affiliate Ant Group

Alibaba’s Answer to the Challenge – A New Server Chip

Alibaba, the Chinese e-commerce giant, released a new server chip on Tuesday. As it is known, the company intends to grow its cloud computing business and compete with a solid American competitor such as Amazon. A processor called Yitian 710 will be introduced in new servers as Panjiu. Servers and chips will not be sold …

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New Technology in Post-Pandemic British Rail Travel

New Technology in Post-Pandemic British Rail Travel

On July 2, Grant Shapps, the UK’s Secretary of Transport, announced the winners of FOAK, which funds innovative technologies that can revolutionize the rail industry. As part of a partnership between the UK Department of Transportation and Innovate UK, FOAK has allocated 9 million for 30 winning projects. These are the projects that will make …

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stocks, $100 Million Fund for International Expansion – Nreal

$100 Million Fund for International Expansion – Nreal

Nreal, a Chinese augmented reality eyewear company, has raised $100 million to develop new products and international fund expansions. Augmented reality indicates technology that allows digital images to be introduced into the real world. This is precisely the area where the world’s largest technology companies are investing. Nreal’s funding round is estimated at $700 million. …

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India to become the world's 5th biggest stock market by 2024

India to become the world’s 5th biggest stock market by 2024

According to Goldman Sachs, investors have been pouring money into India’s stock market. The bank says that it could increase to more than $5 trillion. Goldman Sachs predicts that India’s stock market might become the fifth largest in the world within three years. The bank announced that Indian start-ups have raised $10 billion through IPOs …

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French-Italian chip firm STMicroelectronics

French-Italian Chip Firm STMicroelectronics

Semiconductor companies that provide chips to Apple for iPhones, iPads, and Macs may appear to be a safe bet for investors. Still, they also carry some risk, according to one industry analyst. UBS analyst Francois-Xavier Bouvignies told CNBC on Wednesday that his firm has a “neutral” rating on French-Italian chipmaker STMicroelectronics due to the company’s …

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How can you mine crypto with your phone? Is it worth trying?

If you have ever tried trading online, you should have heard about crypto mining too. Recently, mining has captured almost everyone’s attention, as it is a modern way for pretty solid passive income. There are several mining methods. You can get a mining rig or use the software on your personal computer. You can also …

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Why are Semiconductor chips essential?

Why are Semiconductor chips essential?

According to a Moody’s analyst, it’s a question of national security” for more countries to develop their semiconductor chips, which are in limited supply globally. Memory chips are essential in the manufacture of a wide range of items. They can find in cellphones, gaming consoles like the PlayStation 5, household appliances such as refrigerators and …

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