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Ant Group, the digital financial services arm of Alibaba, had a US$150bil valuation to top the rankings of this year’s Hurun Global Unicorn Index. The total value of all known unicorns in the world is US$1.9tril, equivalent to the GDP of Italy.
MILAN: Fiat Chrysler Automobiles NV is a “house of brands” and that ensures it will be one of the few traditional automakers to survive the disruption the car industry is facing from the rise of electric and self-driving cars, according to chief executive officer Mike Manley.
Mynt, the Philippine payments app backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image.
BUTTERWORTH: While commuters welcome the opening of the new Penang Sentral transport terminal, bus-ticketing agents here fear losing their jobs to an electronic ticketing system at the terminal.
Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers.
Strong growth in ad sales on Google search and YouTube were not enough to offset a surge in costs at parent Alphabet Inc that shrank the first-quarter operating margin, leaving shares flat after hours on April 23.
SEPANG: Both the KLIA Ekspres and KLIA Transit will be able to accommodate 50% more passengers with six newly launched trains, said Transport Minister Datuk Seri Liow Tiong Lai.
Ford is looking to small tech startups to help it develop innovative app-based solutions to simplifying carpooling, journey planning and even in-car entertainment as the company looks to capitalise on growing digital trends.