REUTERS: SoftBank Group Corp announced on Monday the sale of chip designer Arm to Nvidia Corp for as much as US$40 billion in a deal set to reshape the semiconductor landscape. The deal, which is subject to regulatory approvals including in Britain, the United States and China, will be putting a long-neutral technology vendor to Apple Inc and others under the control of a single player. It could face potential pushback from regulators, as the ongoing U.S.-China tech spats have put any global deal in the semiconductor sector under much tighter scrutiny. Below are a list of prominent global deals that collapsed due to regulators' rejection in the last five years: * U.S. President Donald Trump in March, 2018, blocked microchip maker Broadcom Ltd's proposed takeover of Qualcomm Inc on national security grounds. * Qualcomm Inc walked away from a US$44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval in July, 2018 amidst China-U.S. trade … [Read more...] about Global technology deals that failed to get regulatory approval
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Commentary: In the time of COVID-19, China is revolutionising deliveries and e-commerce
LAUSANNE: While some sectors of the economy struggle for survival in a sudden, new, harsh reality, e-commerce is again faced with massive demand. With many of us confined to our homes, we have become reliant on online shopping. And while your weekly grocery shop or a book order might seem to have changed little in recent years, there is great innovation in e-commerce. To find it though, look to China. Even before people were forced to spend more time at home, there were two key trends in China radically changing e-commerce: Social buying and live commerce. SOCIAL BUYING Alibaba is China’s largest ecommerce company by far. Number two is a company called PinDuoDuo (PDD). PDD was only founded in 2015, yet today its valuation of just under US$40 billion makes it worth more than eBay or Twitter. READ: Commentary: Japan hasn’t declared a state of emergency over COVID-19. That’s bad news LISTEN: COVID-19 and safe distancing – why this can save lives PDD’s meteoric … [Read more...] about Commentary: In the time of COVID-19, China is revolutionising deliveries and e-commerce