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Rakuten Mobile Faces Financial Challenges 13 Consecutive Quarters of Operating Losses

The Japanese company Rakuten Group has encountered difficulties with its mobile divisions planned April 2020 debut of Rakuten Mobile. With 5.2 million

The Japanese company Rakuten Group has encountered difficulties with its mobile divisions planned April 2020 debut of Rakuten Mobile. With 5.2 million users, the mobile division accounts for around 2.5% of Japans telecom industry and generates ¥351 billion $2.4 billion annually. But the mobile division has reported operational losses for 13 straight quarters, totalling group losses of ¥819 billion $5.5 billion. Over ¥1.5 trillion is owed by Rakuten Group, with ¥800 billion coming due by the end of 2025. Rakuten undertook several fundraising initiatives, such as selling additional shares, selling company holdings, and holding public offerings, to alleviate its financial difficulties. Read More..

B2B Tech News | 2 years ago          

Apple Plans Exit from Goldman Sachs Partnership Credit Card Deal to Conclude

According to reports, Apple and Goldman Sachs Group are splitting apart their credit card business, with the tech giant hoping to agree over the next

According to reports, Apple and Goldman Sachs Group are splitting apart their credit card business, with the tech giant hoping to agree over the next 12 to 15 months. The collaboration was started in 2019 when Apple and Goldman introduced a virtual credit card. The consumer partnership, including the savings account that launches in 2023, would be terminated. Goldman Sachs declined to comment despite Apple declaring that it is focused on providing customers with an extraordinary experience. Since its inception, Apple Card, which was developed in partnership with Goldman Sachs, has received favourable feedback. Apple just joined the "buy now, pay later" market in the United States. Read More..

B2B Tech News | 2 years ago          

Cyberattack Hits Japans JAXA Weaknesses in Network Infrastructure Exploited

The Japan Aerospace Exploration Agency JAXA, Japans space agency, verified a cyberattack and said that hackers took advantage of weaknesses in network

The Japan Aerospace Exploration Agency JAXA, Japans space agency, verified a cyberattack and said that hackers took advantage of weaknesses in network infrastructure. Although the attacks time and details still need to be discovered, a JAXA representative stated that nothing vital for rocket and satellite operations was among the information obtained. An internal inquiry was prompted by information from an external organisation, which led to the discovery of possible unauthorised access. The attack was discovered by the police, who notified JAXA in the autumn after learning of it over the summer. JAXA has not released further information on the incident, and the inquiry is still underway. Read More..

B2B Tech News | 2 years ago          

Security Alert Okta Reveals Breach, All Users Data Compromised

In a twomonthold network compromise, Okta said that hackers accessed user data on every person using its customer service platform. Every customers na

In a twomonthold network compromise, Okta said that hackers accessed user data on every person using its customer service platform. Every customers name and email address using Oktas customer care system are among the leaked data. Despite the lack of concrete proof of ongoing exploitation, Okta has alerted users to a higher security risk related to phishing and social engineering activities. Oktas shares decreased in October after the original vulnerability exposure, which allowed specific hackers to examine material uploaded by particular clients. Based in San Francisco, Okta serves clients like Microsoftbacked OpenAI by offering identity services, including multifactor authentication and single signon for safe online application logins. Read More..

B2B Tech News | 2 years ago          

Dutch Government Greenlights Nexperias Acquisition of Nowi

The purchase of Nowi, a startup company located in Delft that specialises in power management chips, by Chineseowned Nexperia will not be prevented by

The purchase of Nowi, a startup company located in Delft that specialises in power management chips, by Chineseowned Nexperia will not be prevented by the Dutch government. The Netherlands government retrospectively reviewed the Nexperia acquisition of Nowi in 2022 and found no legal issues. Nexperia is owned by Wingtech, a company based in China. With the help of Nowis technology, power management chips may be able to use vibrations or light as an ambient power source instead of batteries. The Dutch government conducted a detailed study before deciding not to prohibit the transaction. Read More..

B2B Tech News | 2 years ago          

EU Antitrust Concerns Amazon Faces Scrutiny Over $1.4 Billion iRobot Deal

Concerned that Amazons $1.4 billion acquisition of robot vacuum manufacturer iRobot may result in competing robot cleaners being excluded from Amazons

Concerned that Amazons $1.4 billion acquisition of robot vacuum manufacturer iRobot may result in competing robot cleaners being excluded from Amazons online marketplace, EU antitrust officials have voiced their worries. The European Commission expressed its concerns about the possible effects on competition in the robot vacuum cleaner market in France, Germany, Italy, and Spain in a statement of objections that it addressed to Amazon. In response, Amazon stated that it is collaborating with the Commission to resolve its issues. The Commission has until February 14 to make a ruling on the subject. Read More..

B2B Tech News | 2 years ago          

Major Boost Foxconn to Invest $1.5 Billion in India for Expansion

The largest electronics contract manufacturer in the world, Foxconn of Taiwan, plans to invest $1.5 billion in India as part of its continuous growth

The largest electronics contract manufacturer in the world, Foxconn of Taiwan, plans to invest $1.5 billion in India as part of its continuous growth strategy. Foxconn has been stepping up its operations in India, concentrating on setting up manufacturing plants in the nations southern region. The contract manufacturer wants to quadruple its employment and investment in India by the following year. While expressing excitement about Indias prospects in August, Foxconn Chairman Liu Youngway said, "Several billion dollars in investment is only a beginning." Read More..

B2B Tech News | 2 years ago          

Layer 2 Cryptocurrencies Stage Comeback with $14.3 Billion Market Cap Surge

After a year of relative quiet, "layer 2" cryptocurrencies—related to projects developed on top of "layer 1" blockchains like Bitcoin and Ethereumâ€

After a year of relative quiet, "layer 2" cryptocurrencies—related to projects developed on top of "layer 1" blockchains like Bitcoin and Ethereum—have rebounded. Layer 2 tokens, intended to speed up transactions and save costs, have a combined market valuation of around $14.3 billion, making up roughly 10% of the whole cryptocurrency market. The most significant layer two tokens, Matic, is worth $6.90 billion on the market and has increased 20% to $0.74 in the last 30 days. Nevertheless, the market has many initiatives, and layer two tokens may be highly volatile and unpredictable. Read More..

B2B Tech News | 2 years ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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