Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming

Posted on May 14, 2024 by Techme101

Tencent saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.

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Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash 

Posted on May 14, 2024 by Techme101

Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand in Asia, specifically by strengthening its position in Taiwan. On the other hand, it also underscores Delivery Hero’s ongoing retreat from that same market: the sale […]
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Price Drop: Make Better Diagrams With Microsoft Visio Professional 2021, Now $19.97

Posted on May 14, 2024 by Techme101

Create org charts, flow diagrams, mind maps, SWOT analysis and even floor plans with user-friendly controls and over 250,000 preset templates.

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Paris-based VC firm Blisce launches climate tech fund with a target of $160M

Posted on May 14, 2024 by Techme101

Paris-based Blisce has become the latest VC firm to launch a fund dedicated to climate tech. It plans to raise as much as €150M (about $162M).
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Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target

Posted on May 14, 2024 by Techme101

Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.

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Uber to acquire Foodpanda’s Taiwan business for $950 million, creating a potential monopoly

Posted on May 14, 2024 by Techme101

Uber Technologies is buying the Taiwan business of Delivery Hero-owned Foodpanda for $950 million in cash, as Foodpanda doubles down on other markets.

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China drives EV boom this year amid strong demand for hybrid vehicles

Posted on May 14, 2024 by Techme101

EV shipments, including fully battery-powered vehicles and hybrids, were up 18% in the first three months of 2024 compared with the same period last year. 

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Maad raises $3.2M seed amid B2B e-commerce sector turbulence in Africa

Posted on May 14, 2024 by Techme101

Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in the western Africa country and to explore fresh opportunities in the wider Francophone region. The seed round was led by Ventures Platform, with participation from Seedstars International Ventures, Reflect Ventures, Oui Capital, Launch Africa, Voltron Capital […]
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AI boom to keep supply of high-end memory chips ‘tight’ this year, analysts warn

Posted on May 14, 2024 by Techme101

SK Hynix and Micron – the world’s largest memory chip suppliers – are out of high-bandwidth memory chips for 2024, while the stock for 2025 is also almost sold out.

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OpenAI Startup Fund raises additional $5M

Posted on May 14, 2024 by Techme101

The fresh funds were raised from two investors who transferred the capital into a special purpose vehicle, a legal entity associated with the OpenAI Startup Fund.
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