Bloomberg news have reported that US -listed, Chinese e-commerce leader, Alibaba Group is exploring a potential second listing in Hong Kong, as early as the second half of 2019, that could raise $20 billion as Beijing seeks to encourage its tech titans to list closer to home. This listing is intended to help Alibaba “diversify funding channels and boost liquidity.”
Fawad Ch. believes that Huawei, China’s biggest smartphone and technology manufacturer, has almost launched 5G technology in Pakistan. In a recent press conference, while talking to media about the benefits of 5G technology and its revolutionary impact, he said, “when 5G tech will arrive, not arrive but it’s almost launched by Huawei in Pakistan, they are building the basics”.
Apple announced an updated version of the iPod touch with an A10 Fusion chip, same processor used in iPhone 7, along with a new 256GB storage option. This is the first update to iPod since July 2015, and aside from those two changes, Apple is leaving the rest of the iPod touch alone. New iPod has the same bezelled 4-inch display, home button, and cameras.
Financial Times has reported that Bytedance, TikTok’s parent company, is planning to develop its own smartphone to increase user acquisition channel via pre-installed smartphone application. TechCrunch reports that there seems to be an urgency from Bytedance to find more user acquisition channels as the company has failed to hit its revenue target last year amid slowing ad spending in China.
Entrepreneur Elon Musk’s SpaceX has raised more than $1 billion in financing in the last 6 months as it aims to roll out an ambitious high-speed internet service via satellites. The company raised $486.2 million in December and $535.7m in April, and launched its first batch of 60 small satellites into low-Earth orbit for Musk’s new Starlink internet service.