Urban Mobility
There has been tremendous financial support flowing into the China innovation scene, especially the rising mobility economy. Gao Feng is helping to shepherd the ideas, help build a disruptive business model and execute the disruption to fruition. In August, the ride-hailing scene turned on its head. China’s homegrown player, Didi Chuxing, had humbled global giant Uber and won the battle
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Apple Inc., which is working to build an electric car, has held talks about investing in British sports-car maker McLaren Technology Group, according to a person familiar with the matter, but McLaren denies any talks are ongoing. The person familiar with the matter said the discussions began “several months ago” but wouldn’t discuss whether they are ongoing. The person familiar
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Foxconn Technology Group, the world’s largest contract manufacturer of electronics, said Thursday that a subsidiary had invested $119.9 million in Chinese ride-hailing company Didi Chuxing Technology Co. Foxconn unit Forteq Holdings Inc. has acquired a 0.36% stake in Didi, the Taiwanese company said in a filing to the Taiwan Stock Exchange. The deal values Didi at about $33 billion, higher
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BEIJING— Apple Inc. Chief Executive Tim Cook, in a meeting with senior Chinese government officials, pledged to increase investment in China, including creating Apple’s first research center in the country. The research center, which will open later this year, will focus on developing new products and services and “strengthening relationships with local partners and universities,” an Apple spokesman said. “We look forward to expanding our
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Amid speculation, anonymous tips and cryptic, noncommittal comments from Apple CEO Tim Cook about plans (Project Titan) to eventually enter the automotive business, the company has received what may be its first vehicle-related patent. Judging by images for U.S. Patent 9,409,599, the tech giant is toying with something of a mashup: an articulated bus or truck riding on tank treads instead wheels. The patent awarded
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Tran Nhat Minh, deputy CEO of VIB Bank, said that more businesses are taking full advantage of the Internet of Things (IoT) providing products and services online, Vietnamese Banks will have to be ready to compete with rival bankers, Tech Companies and Fintech start-ups. Apple has jumped into the payment service field with Apple Pay, while Alibaba has opened Mybank with
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A new Bloomberg report suggests Samsung is in talks with Fiat Chrysler to acquire some or all of parts-making subsidiary Magneti Marelli, which provides lighting, in-car entertainment and telematics to OEMs for use in their vehicles. The deal, which could be worth $3 billion according to Bloomberg’s sources, would help accelerate Samsung’s existing efforts to become a more important part
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Global ride-hailing giant Uber Technologies Inc. has given up its costly battle for China’s riders, swapping its local operations there for a minority stake in the country’s homegrown champion, Didi Chuxing Technology Co. Didi, said Monday that Uber and investors in its UberChina unit will take a 20% stake in the company. Combined with Uber’s China business that was valued
Read moreBMW Connected seamlessly integrates the vehicle into the user’s digital life via multiple touchpoints, such as an iPhone or Apple Watch. Using a flexible platform called the Open Mobility Cloud as a basis, BMW is bringing out an all-encompassing digital concept that provides a seamless services experience covering all aspects of personal mobility. The first version of BMW Connected focuses
Read moreBloomberg is reporting Apple hired former BlackBerry employee and co-founder of QNX Dan Dodge, who will work in the software team of Apple’s automotive project. Dodge co-founded QNX in 1980, which was later sold to Harman International in 2004 and then to BlackBerry in 2010. At Apple, Dodge will reportedly work on the software team of Project Titan and report
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