HyperloopTT will work in partnership with the government of Tongren in defining the route for the system. Financing will be done through a public private partnership with 50% of the funds coming directly from Tongren.
News, Software
Alibaba injects major funding into world’s most valuable AI firm
China’s SenseTime Group has reportedly raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence startup. 0 2054
UAE leaders, China’s President Xi discuss increased tech ties
President Xi Jinping of China is visiting the UAE heading a large delegation to further advance ties across trade, culture and technological cooperation between the two countries.
Dubai’s Noon to take on Amazon, mulls online grocery business
UAE-based online shopping platform Noon aims to enter the online groceries business in the next six months, said the company’s founder Mohamed Alabbar said in a recent interview with CNN.
Middle East’s Noon cashes in on China’s booming e-commerce market
noon, the Middle East’s homegrown digital marketplace, has announced the launch of two entities in China, one on the mainland and the other in Hong Kong, kick starting noon’s Asia operations.
Analysts: Uber-Careem deal in the interest of the industry
The last two and half years haven’t been easy for Uber Technologies. Post the exit of its former CEO Travis …
China-backed fund brings new opportunities to Middle East tech firms
London-based investment firm Centricus has partnered with Chinese firms China Merchants Group and SPF Group to launch a $15 billion fund aimed at technology companies globally.
Saudi Arabia, China explore the dark side of the moon
China has launched a satellite that will serve as the communications relay for a future probe on the the invisible side of the moon. The satellite is equipped with a payload for a space sensory system developed by Saudi engineers and researchers for filming and taking photos of the moon.
Dubai ties up with Alibaba Group’s online travel arm
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has recently signed a Memorandum of Understanding (MoU) with Alibaba Group’s online travel service platform of the global leading technology company – Fliggy.
Alibabacoin rebuffs trademark infringement allegations
Dubai-based cryptocurrency company Alibabacoin Foundation has reportedly rejected the allegations of trademark infringement brought against it by the giant Chinese online retailer Alibaba Group Holding, according to Reuters.
“Don’t mess with our elections”: hackers warn Iran
The attack has disrupted data centres in Iran and has reportedly been launched in multiple countries as well. The hackers have left the image of a US flag on screens along with a warning: “Don’t mess with our elections”, the Iranian IT ministry said on Saturday.