WeWork has revolutionized the co-working space industry on its own, and now the SoftBank backed company has a presence in almost all major cities across the world. However, it must be noted that while it has grown and expanded at a breakneck pace, its revenues have risen considerably but at the same time, its losses […]
Uber’s hunger for domination of the global ride-hailing industry took another step in the right direction as the San Francisco based company made a major inroad into middle-east with the acquisition of rival Careem for $3.1 billion. The acquisition is particularly interesting since the company is going to have its blockbuster initial public offering this […]
When it comes to big tech businesses, the biggest tech hubs have almost always seen a shift towards younger managers in the years when the sector is ready to take the next leap and so is the case in China, according to reports. It has now emerged that the biggest tech companies in China are […]
Biogen Inc saw $18 billion wiped off in value in the stock market as the pharmaceutical company, and its partner, Essai Co. Ltd, stated that they were suspending the trials for two drugs for Alzheimer’s treatment. This is a huge setback for Biogen as the successful testing of the experimental drugs could have propelled the […]
The economic slowdown in China and the decline in demand in the world’s biggest smart phone market may have hampered sales for many of the biggest manufacturers, but local companies are steadily chipping away at Apple’s dominance in the country. Chinese smart phone manufacturers are now making an all-out effort to offer customers in China […]
Over the last two decades, Hong Kong has steadily grown as one of the biggest hubs for international businesses and continues to be an anchor for businesses which want to expand into Asia. However, according to a new report published by the United States, the business climate in China administered territory is changing for the […]
