Leap Motor Secures Major Investment, Shares Surge Amid Expansion Plans
Chinese EV maker Leap Motor has recently secured a strategic investment of HKD 659 million. The subscription price for each H share stands at HKD 43.8, marking a hefty 70% premium over the company’s current market value. This move underscores the investors’ confidence in Leap Motor’s growth potential and strategic direction. The capital injection will […]
Amazon plots massive cloud expansion in Japan with $15B investment
Amazon Web Services (AWS) plans to invest 2.3 trillion yen ($15.5 billion) to extend its cloud empire in Japan. The American cloud giant revealed its intentions during a press conference in Tokyo on Friday. The investment will be made over the next five years and drive the construction of several datacenters in the region. These […]
Zuckerberg and Meta set to purchase 350,000 Nvidia H100 GPUs by the end of 2024
Serving the tech enthusiast community for over 25 years. TechSpot means tech analysis and advice you can trust. Read our ethics statement. Forward-looking: A recent Instagram post from Meta CEO Mark Zuckerberg announced the company’s plans to invest heavily in Nvidia hardware and other AI initiatives by the end of 2024. Zuckerberg outlined Meta’s intent to intensify […]
Google Lens AR search in Google Maps gets more prominent icon
One of Google’s biggest augmented reality investments is Live View. Google Maps is elevating the AR navigation and discovery capability with Google Lens branding. Live View encompasses a number of AR capabilities. It can provide walking directions with floating arrows and street signs, while visible landmarks are used to orient you. You can also use […]
HP’s CEO spells it out: You’re a ‘bad investment’ if you don’t buy HP supplies
HP CEO Enrique Lores admitted this week that the company’s long-term objective is “to make printing a subscription” when he was questioned about the company’s approach to third-party replacement ink suppliers. The PC and print biz is currently facing a class-action lawsuit (from 2.42 in the video below) regarding allegations that the company deliberately prevented […]
Singapore Real Estate Investment to Jump 10% in 2024: Savills
The collective sale of Shenton House was Singapore’s biggest private real estate deal in Q4 Investment in Singapore real estate is expected to jump 10 percent this year to as much as S$23 billion ($17.1 billion), driven by residential and retail transactions, according to Savills. The bullish forecast takes into account rising activity in government […]
Realterm Enters Australia With Sydney Outdoor Storage Buy Alongside Partners Group
The outdoor storage facility in Sydney’s Chipping Norton suburb (Image: Realterm) Realterm has acquired a Sydney outdoor storage facility under its logistics joint venture with Swiss private equity firm Partners Group, marking the US investment manager’s first acquisition in Australia. The asset provides 41,490 square metres (446,595 square feet) of industrial outdoor storage space at […]
Country Garden Set for Full Australia Exit and More Asia Real Estate Headlines
Country Garden’s Risland Australia striking a deal to sell its remaining landholdings in Sydney China’s Country Garden leads today’s headlines from around the region with its Australia subsidiary striking a deal to sell its stake in the developer’s last Aussie project. Also in the news, Macquarie Asset Management and PSP Investment are reportedly preparing to […]
South Korea’s electronics sector attracts $3b in foreign investments in 2023
📰 In 50 words Breaking tech news and briefings in concise AI-written, human-edited summaries. To access all news, head here. For high quality premium stories, head here. VIEW ALL SUMMARIES A record US$18.8 billion in foreign investments was poured into South Korea last year, up 3.4% from 2022. Of that amount, US$3 billion went to […]