China’s Huawei Technologies has overtaken Apple as the world’s second-biggest smartphone seller in the June quarter, data from market research firms showed.
News, Software
Alibaba injects major funding into world’s most valuable AI firm
China’s SenseTime Group has reportedly raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence startup. 0 2350
UAE, China tie up to accelerate Silk Road project
The agreement between the UAE and China is aimed at facilitating exchange and integration of commodities, technology and capital through mutual education and cooperation.
SoftBank Vision Fund to invest $1 billion in Chinese AI giant
SoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported.
Dubai ripe for increased tech investments from China
Dubai is an increasingly attractive trade and investment destination for Chinese investors looking for an opportunity in the city’s rapidly evolving tech industry.
Rising PC prices to result in flat growth of device shipments in 2018: Gartner
While the PC and tablet market is estimated to decline 1.2 percent in 2018, the mobile phone market is on pace to record an increase of 1.4 percent.
Hyperloop TT inks deal to build test track in China
HyperloopTT will work in partnership with the government of Tongren in defining the route for the system. Financing will be done through a public private partnership with 50% of the funds coming directly from Tongren.
UAE leaders, China’s President Xi discuss increased tech ties
President Xi Jinping of China is visiting the UAE heading a large delegation to further advance ties across trade, culture and technological cooperation between the two countries.
Dubai’s Noon to take on Amazon, mulls online grocery business
UAE-based online shopping platform Noon aims to enter the online groceries business in the next six months, said the company’s founder Mohamed Alabbar said in a recent interview with CNN.
Middle East’s Noon cashes in on China’s booming e-commerce market
noon, the Middle East’s homegrown digital marketplace, has announced the launch of two entities in China, one on the mainland and the other in Hong Kong, kick starting noon’s Asia operations.
Analysts: Uber-Careem deal in the interest of the industry
The last two and half years haven’t been easy for Uber Technologies. Post the exit of its former CEO Travis …