Industrials (TRBC)
SoftBank leads $500 million fundraising for Didi’s self-driving unit
FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee BEIJING/SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2. The …
Italy’s Poste launches new Codice PostePay payment technology
MILAN, Jan 24 (Reuters) – Poste Italiane is launching a new payment technology with the aim to win more clients among Italian small businesses, Marco Siracusano, head of digital payment unit PostePay said on Friday. Poste Italiane, the former monopolist in the country for postal services, has developed the new technology based on QR codes …
Australia shares rise on healthcare, technology gains
* Afterpay among top boosts to benchmark * Financials temper broader gains * NZ closed on Thursday By Nikhil Subba Jan 2 (Reuters) – Australian shares inched higher on Thursday on their first trading day of the year, led by gains in healthcare and tech sectors amid thin trading volumes. The S&P/ASX 200 index was …
Volkswagen gambles on ride-hailing to break through African roadblocks
JOHANNESBURG/KIGALI (Reuters) – When Volkswagen’s Africa boss Thomas Schaefer set out to conquer the continent, he quickly realized he needed more than a flashy new product. He needed a new business model. Rwandan Joseline Iradukunda sits inside her “Move” app-driven ride-hailing service Volkswagen Polo in Kigali, Rwanda. September 23, 2019. REUTERS/Jean Bizimana Study after study …