Rina S.
China Plans to Build Underwater Laboratory in South China Sea Amid Dispute
Rina S. | | Jun 11, 2016 01:41 AM EDT |
China is reportedly planning to build an underwater lab in the disputed waters of the South China Sea.
Airbnb Promises to Fight Racism and Gender Discrimination by Hosts
Rina S. | | Jun 10, 2016 02:00 AM EDT |
Airbnb is planning to take steps to curb discriminatory practices by hosts on the home sharing website.
Uber and Fiat Chrysler may Collaborate on Autonomous Cars
Rina S. | | Jun 09, 2016 03:20 PM EDT |
Ride-sharing company Uber Technologies Inc. is reported to be in talks with Fiat Chrysler Automobiles NV for a potential collaboration on autonomous cars. According to the Wall Street Journal, the talks are still in the preliminary stage. Uber is also said to be holding talks with several other auto makers.
Amazon Plans to Invest $3 Billion to Boosts Position in India
Rina S. | | Jun 08, 2016 07:40 PM EDT |
Amazon is upping its game in India further by investing $3 billion in the emerging economy. The company's CEO Jeff Bezos announced the new initiative, which will take the e-commerce giant's total investment in India to $5 billion.
Yahoo Puts 3,000 Patents up for Sale
Rina S. | | Jun 08, 2016 02:55 PM EDT |
Struggling web company Yahoo has put 3,000 of its patents up for an auction. The company expects to generate over $1 billion in proceeds from the sale. Yahoo has hired boutique investment bank Black Stone IP LLC for this purpose. The bank specializes in patent sales.
Baidu Joins Hands with China Pacific Insurance, to Start Online Auto Insurance Business
Rina S. | | Jun 08, 2016 02:30 AM EDT |
Chinese online search behemoth Baidu Inc. announced a joint venture with China Pacific Property Insurance, a subsidiary of China Pacific Insurance Group Co. earlier this week.
China Draws Criticism over 'Increasingly Hostile' Business Environment for Foreign Companies
Rina S. | | Jun 08, 2016 02:09 AM EDT |
The European Union Chamber of Commerce, which represents more than 1,600 European companies operating in China, expressed its growing concern over the "hostile" business environment for foreign companies in the country.
Facebook Denies Eavesdropping on Users for Customizing Advertisements, Modifying News Feed
Rina S. | | Jun 06, 2016 05:34 AM EDT |
Facebook has issued a statement, categorically denying rumors that it listens to its users' conversations using their phone's mic in order to display ads or modify News Feed preferences.
Norway to Ban Sales of Petrol and Diesel Powered Cars by 2025
Rina S. | | Jun 06, 2016 04:19 AM EDT |
Norway is expected to ban the sale of gas-powered cars within the next decade.
Snapchat Acquires Seene: May Develop 3D Selfies
Rina S. | | Jun 04, 2016 06:34 PM EDT |
Messaging app Snapchat has acquired tech startup Seene, a "3D photo app maker." Snapchat is likely to use the startup's technology to improve several of its functions including 3D photo formats and improved lens performance. Snapchat is growing, the company recently overtook Twitter in terms of daily active users.
Tinder to Become More Trans-Friendly After Accusations of Bullying
Rina S. | | Jun 04, 2016 06:09 PM EDT |
Popular dating app Tinder is planning to unveil new transgender-friendly features soon. Currently, Tinder does not cater to transgender users with its binary gender classification of male and female only. Some transgener people have called for a ban on Tider who they accuse of bullying.
Baidu's Self-Driving Cars to be Introduced in China by 2021
Rina S. | | Jun 04, 2016 03:33 AM EDT |
Chinese search engine behemoth Baidu is looking to diversify its portfolio. The company announced on Friday that it is looking to start mass producing self-driving cars in five years' time period.
Musk to Send People to Mars by 2024
Rina S. | | Jun 03, 2016 06:40 PM EDT |
SpaceX CEO Elon Musk is optimistic about colonizing Mars by 2024. Speaking at Recode's Code Conference, he hinted that he would like to live on Mars too. Earlier this year, SpaceX announced that its plans to send an unmanned spacecraft to the red planet by 2018.
Didi Claims to be Making Profit in 200 Cities in China
Rina S. | | Jun 03, 2016 06:32 PM EDT |
Didi Chuxing Technology Co., the largest ride-hailing company in China, has revealed that it is earning profits in more than half of the cities it is currently active in. The company is operating in about 400 cities in China.
Facebook to Keep Peter Thiel on its Board: Steers Clear of Hogan Case
Rina S. | | Jun 02, 2016 04:24 PM EDT |
Facebook COO Sheryl Sandberg has confirmed that the company will retain billionaire investor Peter Thiel on its board. Thiel is currently embroiled in a controversy for allegedly bankrolling Hulk Hogan's case against Gawker.
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