Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world’s biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand. At the recent Beijing Auto Show, China’s biggest car expo, a number of foreign firms announced … Read more
France Federation reveals Paris menswear and couture show schedules, with debuts by Ardazaei and returns by Thom Browne and Charles de Vilmorin. Pascal Morand – DR The Federation de la Haute Couture et de la Mode has revealed the new provisional calendars for this summer’s menswear and haute couture runway seasons in Paris, which have … Read more
Former Taiwanese president Ma Ying-jeou has called on the two sides of the strait to work together and “avoid war” on the second day of his mainland China tour. Ma, a senior member of the Beijing-friendly opposition Kuomintang, made the remarks during a visit to the former residence of Sun Yat-sen, the founder of modern … Read more
Reddit is targeting a valuation of up to $6.4 billion as it gets for its initial public offering. The number is below the $10 billion level achieved by the company during a 2021 fundraising round, with the disparity reflecting increased expectations for tech company profitability. The IPO would raise $748 million at the top of … Read more
Singapore-based smart lenses start-up Brilliant Labs has become the latest company to introduce a pair of smart glasses, as a slew of tech companies, including several in China, try to make wearing glasses “cool”. The company’s new Frame smart glasses, announced on Friday, are imbued with a custom artificial intelligence (AI)-powered assistant called Noa, which … Read more
By Bloomberg Published Feb 2, 2024 Amer Sports Inc. stock rose as much as 6.2% above its US initial public offering price after its first-time share sale priced below a marketed range. Arc’teryx Shares in the maker of Wilson tennis rackets and Salomon ski boots were trading at $13.61 each as of 1:14 p.m. on … Read more
The tech sector’s tough times continue. Riot Games, the video game developer behind the popular League of Legends and Arcane, the Netflix series on which it is based, is laying off about 530 staffers worldwide in a move its CEO described as a “decision [that] is critical for the future of Riot.” The cuts represent … Read more
By Bloomberg Published Jan 4, 2024 TikTok aims to grow the size of its US e-commerce business tenfold to as much as $17.5 billion this year, according to people familiar with the matter, posing a bigger threat to Amazon.com Inc. The 2024 merchandise volume goal for the US version of TikTok Shop — which melds … Read more
By Bloomberg Published Jan 4, 2024 Amer Sports Inc., the maker of Wilson tennis rackets and Salomon ski boots, has filed for a US initial public offering. The company has picked Goldman Sachs Group Inc., Bank of America Corp., JPMorgan Chase & Co. and Morgan Stanley as bookrunning lead managers of the share sale, according … Read more
The latest batch of approvals, released by the National Press and Publication Administration (NPPA) on Monday, marked the first time Beijing had approved more than 100 titles in its monthly list since July 2022, when 135 titles made the cut. On Friday, the regulator also approved 98 imported titles. The move “strongly demonstrates authorities’ clearly … Read more
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