China hands out new fines to tech giants in anti-monopoly crackdown November 20, 2021 Chinese tech giants including Alibaba Group and Tencent Holdings have been fined for failing to report corporate acquisitions, adding to an anti-monopoly crackdown by the ruling Communist Party. The companies failed to report 43 acquisitions that occurred up to eight years ago under rules on “operating concentration”, according to the State Administration for Market Regulation. [...]
Spotify takes synchronised lyrics feature global and reveals merchandise data November 19, 2021 Spotify has taken its synchronised lyrics feature global, having launched it in 26 countries last year.
Exclusive: Deloitte reveals the UK’s fastest growing tech companies November 19, 2021 London firms came out on top in Deloitte’s annual ranking of the UK’s 50 fastest growing technology companies. The country’s top 50 tech firms achieved an average growth of 3,337 per cent and saw combined revenues of £2.92bn this year, up 33 per cent compared to last year’s total of £2.2bn. The final score sheet [...]
GB Group to snap up Acuant in $736m deal November 18, 2021 Aim-listed GB Group has plans to snap up US identity verification company Acuant in a $736m (£547m) deal. Identity software provider GB Group, which has a market cap of £1.7bn, will merge with Acuant to create a “global-leader” in identity verification services and identity fraud prevention. According to GB Group the companies have a combined [...]
Facebook served climate falsehoods ads throughout COP26 November 18, 2021 Facebook advertisers promoted false and misleading claims about climate change on the platform in recent weeks, just as the COP26 conference was getting under way.
Finance professionals should view technology as friend, not foe November 18, 2021 | City Talk This article first appeared in ICAS’ CA magazine. Digitalisation is not an optional extra, but a chance to reimagine how we create value for business, clients and public, says Bruce Pritchard CA For those of a certain age, there’s been a blink-and-you’ll-miss-it element to the pace of technological innovation. In the past 30 years, we’ve seen [...]
Apple to sell spare parts so iPhone users can complete repairs from home November 17, 2021 Apple has announced plans to sell iPhone parts to the general public so that they can carry out their own repairs from home. At first the scheme will be rolled out to US iPhone 12 and iPhone 13 holders with the company confirming it has plans to expand the scheme to some Mac products and [...]
Energy storage developer eyes £350m valuation in London IPO November 17, 2021 Electrical energy storage developer Superdielectrics is set to list in London in the coming weeks, in hopes of boosting its valuation to £350m. The company is also intending to raise £20m in the December float, to help develop tech to build “environmentally benign” electrical energy storage devices for the sustainable energy and transport system push. “We [...]
China’s Baidu pulls in near $5bn revenue as AI turnover surges November 17, 2021 Internet services giant Baidu pulled in nearly $5bn in revenue in its latest quarter, climbing past analyst forecasts, despite China’s ongoing technology crackdown. Revenue jumped 13 per cent year on year to $4.95bn, while it secured $358m in operating income in the three months to September 30. The Beijing-headquartered company expects to pull in around [...]
Revealed: Amazon to open 260 supermarkets across UK as it plots to take on Tesco and Sainsbury’s directly November 17, 2021 Amazon has developed detailed plans to storm the UK supermarket sector as the e-commerce is planning to open hundreds of cashierless grocery stores across the country in the next three years. More than 260 Amazon-owned and run supermarkets are to be launched before the end of 2024, namely 60 in 2022, another 100 per year [...]