Alibaba, the Chinese tech giant, has pulled in record sales figures. Yet not all is rosy for the firm. In previous years “Singles Day”—a Chinese Black Friday—has been measured in 24-hour frames.…
IN-DEPTH: Tech Holds its Breath as America Choses a Leader
In around 24 hours it will be a lot clearer—if uncertain—who America’s next President will be. And while tech has been far down the list of electoral priorities for both candidates, wins…
Big Tech Avoiding Almost $3bn in Developing-World Tax – Report
US tech giants are exploiting tax loopholes to avoid paying billions to the governments of developing nations, according to an NGO report. ActionAid International claims that Facebook, Microsoft and Google parent Alphabet…
Deutsche Bank Ponders Tata Consultancy Tech Sale
Deutsche Bank is in talks to sell one of its major technology units to Tata Consultancy Services Ltd, a Mumbai-based conglomerate, according to a report by Bloomberg. Postbank Systems AG, a Bonn-based…
Treasure8 Scales its Revolution Against Food Waste
Humans waste around 1.3 billion tonnes of food each year – that’s enough to fill around two-thirds of Lake Eerie. Agriculture contributes almost a fifth of the world’s greenhouse gas emissions, and…
Cape Town’s DataProphet Wins $6m Series A Round
South African AI manufacturing startup DataProphet has secured a $6 million Series A funding round, as it plans to scale internationally. Cape Town and London-based VC firm Knife Capital led the round…
A Bolivian Cryptocurrency Leader Comes In From the Cold
For years, Mario Blacutt dared not reveal his name. He was a citizen of Bolivia, whose state pursued crypto traders with a religious zeal. Any mention of Blacutt’s true identity could land…
India’s China Ban is a Come-Get-Me for Europe and the US
This week India’s government decided to ban 59 China-based apps, including popular social media platform TikTok. Based on national security fears, it’s the largest-ever ban of Chinese tech by a global democracy.…
Apple and Google Developing Co-op COVID-19 Tracking Tech
Tech giants Apple and Google are working together to create tracking software that may be used to combat the spread of Coronavirus. The tech, detailed in a white paper released Friday (April…
Alex Vieux: Despite a Positive 2017, A Tech Bubble “Is Not Coming Yet”
Red Herring chairman has warned that a tech bubble “is not coming yet,” at a state-of-the-industry address to delegates in California this week. Vieux, who was hosting hundreds of industry CEOs, insiders…