Xiaomi pioneered an online flash-sales model that lifted it to dizzying heights and made it Asia’s most valuable start-up, but it’s since fallen on hard times. Now it’s counting on old-fashioned retail to make a comeback, and that’s proving
Author: Agency Staff
The ANC will come up with a comprehensive policy package to simultaneously boost growth, address racial inequality and tackle a 28% unemployment rate, a top party official said. The ANC is looking at “how you get growth, how you
Ronnie Moas, who for the past 13 years has made more than 900 stock recommendations via his one-man show at Standpoint Research, is now venturing into cryptocurrencies. Bitcoin will double to US$5 000 next year, and reach
Xiaomi has acquired a swathe of patents from Nokia, making its latest acquisition of technology to drive a global expansion. The Chinese smartphone maker is getting its hands on a trove of intellectual property from the Finnish
Volvo is phasing out cars that rely on combustion engines, with every new model launched from 2019 to have an electric motor, as the shift away from the technology that’s dominated the auto industry for more than a century gathers pace. Promising the
China is stepping up its scrutiny of online and mobile games, as the leading government-owned newspaper blasted Tencent Holdings’ Honour of Kings for harming children in the pursuit of profit. Tencent is one-third held by
Erroneous prices of Nasdaq stocks, including some of the world’s biggest technology companies, flooded traders’ screens after the US market shut early on Monday before a holiday. The prices were distributed by third-party
Tesla’s mission-critical Model 3 will start production on Friday before beginning a rapid ramp-up targeting a rate of 20 000/month in December. “Expecting to complete” the first car on Friday, CEO Elon Musk wrote in a late-night tweet
Microsoft is reorganising its sales and marketing operations in a bid to woo more customers in areas like artificial intelligence and the cloud by providing sales staff with greater technical and industry-specific expertise
Facebook’s small print may be the next big thing in European antitrust as watchdogs home in on how the world’s biggest social network collects information from users that helps generate vast advertising revenues. Germany’s Federal Cartel