Latest news with #China-headquartered
Hindustan Times
15-05-2025
- Business
- Hindustan Times
Adani Airport Holdings says it has ended partnership with DragonPass
Adani Airport Holdings on Thursday announced that the company has terminated its partnership with DragonPass, a China-headquartered global provider of airport lounge and travel-related services, with immediate effect. As a result, DragonPass customers will no longer be able to access airport lounges at any of the Adani-managed airports across India, it said. No reason has been given for the termination. 'Our association with DragonPass, which provided access to airport lounges, has been terminated with immediate effect. DragonPass customers will no longer have access to lounges at Adani-managed airports. This change will have no impact on the airport lounge and travel experience for other customers,' said a spokesperson for Adani Airport Holdings. Adani Airports operates seven major airports across India including Mumbai, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram, and Mangaluru. The group took over operations of these airports under public-private partnership agreements with the Airports Authority of India (AAI) and has been rolling out modernisation and customer experience enhancements across all locations. Founded and headquartered in Guangzhou, China, DragonPass is a global travel service company offering digital access to over 1,300 airport lounges worldwide, spanning a vast network of airports in numerous countries. Beyond lounges, its platform provides services including airport dining discounts, limousine bookings, and personalized meet-and-greet facilities. The move comes just a week the Adani Digital Labs (ADL), the digital innovation arm of the Adani Group, announced the collaboration on May 8. ADL operates as the technology and digital solutions arm supporting Adani-managed airports through Adani Airports Holdings Ltd. and Adani Enterprises Ltd. At the time of the announcement, the partnership was described as a strategic step towards enhancing the travel experience at its airports. The partnership was also projected as an initiative to integrate digital-first conveniences, promote cashless ecosystems, and deliver tailored services to business and leisure travellers.
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Business Standard
13-05-2025
- Business
- Business Standard
Antfin sells 4% stake in Paytm; General Atlantic offloads 10% stake
Antfin mopped up ₹2,104 crore from the share sale. Shares of Paytm last closed at ₹857, down 1.13 per cent. At the end of March 2025 quarter, Antfin held 9.85 per cent stake in Paytm Premium BS Reporter Listen to This Article Antfin Netherlands Holding on Tuesday divested 4 per cent stake in One 97 Communications (Paytm) through a block deals. The China-headquartered firm sold a total of 25.2 million shares in two equal tranches of at ₹826 apiece and ₹823.3 apiece, data showed. Antfin mopped up ₹2,104 crore from the share sale. Shares of Paytm last closed at ₹857, down 1.13 per cent. At the end of March 2025 quarter, Antfin held 9.85 per cent stake in Paytm.
Yahoo
06-05-2025
- Automotive
- Yahoo
Why This Nvidia-Backed Robotaxi Stock Is Skyrocketing Today
Key Points WeRide is significantly expanding its partnership with Uber. The company's robotaxi technology will be introduced to an additional 15 cities worldwide. The company has proven itself as one of the more dynamic robotaxi players. 10 stocks we like better than WeRide › Shares of WeRide (NASDAQ: WRD) were soaring on Tuesday. The stock was up 24% as of 1:45 p.m. ET. The move comes as the S&P 500 and Nasdaq Composite slipped by 0.7% and 0.8%, respectively. The autonomous vehicle pioneer yesterday announced a significant expansion of its strategic partnership with Uber Technologies. This drove investor enthusiasm. Image source: Getty Images. WeRide and Uber expand their partnership WeRide and Uber announced a major expansion of their existing partnership on Monday. The companies will add 15 additional cities globally over the next five years -- including locations in Europe -- to the rollout of WeRide's robotaxi services. The announcement makes one of the largest partnerships of its kind in the autonomous vehicle industry and helps accelerate the timeline for WeRide's global deployment of its technology. Under the terms of the partnership, WeRide's robotaxi services will be available through the Uber app in these new markets, while Uber will handle fleet operations. This division of responsibilities plays to each company's strengths: WeRide provides the autonomous technology, and Uber contributes its existing massive user base and operational expertise. The expanded partnership builds on the companies' initial collaboration in Abu Dhabi and Dubai. WeRide could be pulling ahead Yesterday's announcement suggests China-headquartered WeRide is pulling ahead of many autonomous vehicle competitors in the race to actually bring the technology to market. However, stiff competition remains from major players like Tesla and Alphabet-backed Waymo. Uber also announced today it was partnering with Pony AI to roll out in certain Middle East markets, with more to come. WeRide operates deep in the red, but that is not unusual for a company like it. This will change once its technology establishes itself and sales grow. The company's stock is also slightly better priced than Pony AI's, and it has the backing of Nvidia. For those with patience and a high risk tolerance, I think WeRide is a good pick. Should you invest $1,000 in WeRide right now? Before you buy stock in WeRide, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and WeRide wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
South China Morning Post
01-05-2025
- Business
- South China Morning Post
TikTok confirms plans to build €1 billion data centre in Finland
TikTok planned to invest €1 billion (US$1.14 billion) to build its first data centre in Finland as it moved data storage for European users to the continent, a TikTok spokesman confirmed on Wednesday. Advertisement The spokesman declined to give further details, as he confirmed the plan revealed to Reuters by two sources familiar with the matter. Finland's prime minister's office did not immediately respond to a request for comment. TikTok, owned by China-headquartered ByteDance, has been trying to address concerns over whether the Chinese government could access the data of European citizens who use TikTok. In 2023, it launched a new data security regime, nicknamed 'Project Clover', with plans to invest €12 billion over 10 years amid growing pressure from lawmakers on both sides of the Atlantic. A view of the port in Helsinki, Finland. Photo: Shutterstock Several countries, the European Parliament, European Commission and others have banned TikTok from staff phones due to privacy concerns, while the US government has threatened to ban the app in the US on national security grounds unless the company's US assets are divested.
Time of India
30-04-2025
- Business
- Time of India
TikTok plans to build 1 billion euro data centre in Finland, spokesman confirms
TikTok plans to invest 1 billion euros ($1.14 billion) to build its first data centre in Finland as it moves data storage for European users to the continent, a TikTok spokesman confirmed on Wednesday. #Pahalgam Terrorist Attack A Chinese shadow falls on Pahalgam terror attack case probe How India can use water to pressure Pakistan Buzzkill: How India can dissolve the Pakistan problem, not just swat it The spokesman declined to give further details as he confirmed the plan revealed to Reuters by two sources familiar with the matter. Finland's Prime Minister's office did not immediately respond to a request for comment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 Simple Profitable Strategies That Can Make You 5K Per Day thefutureuniversity Learn More TikTok, owned by China-headquartered Bytedance, has been trying to address concerns over whether the Chinese government could access the data of European citizens who use TikTok. In 2023, it launched a new data security regime, nicknamed "Project Clover," with plans to invest 12 billion euros over 10 years amid growing pressure from lawmakers on both sides of the Atlantic. Live Events Several countries, the European Parliament, European Commission and others have banned TikTok from staff phones due to privacy concerns, while the U.S. government has threatened to ban the app in the U.S. on national security grounds unless the company's U.S. assets are divested. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories TikTok has called the bans misguided, based on fundamental misconceptions. On its website TikTok says European user data is stored in a dedicated European data enclave, hosted across data centres in Norway, Ireland, and the U.S. Under Project Clover, TikTok's first data centre in Norway went fully online this month after work started in 2023. TikTok, which has over 175 million users in Europe, plans to announce more data centres in the coming years, sources said. Nordic countries have become attractive destinations for data centres for technology companies ranging from Microsoft to Meta as the colder temperatures reduce energy costs, alongside availability of cheap, emission-free electricity. "Finland is definitely one of the places where we're continuing to build out our infrastructure," Microsoft President Brad Smith said on Wednesday in Brussels. "First we have a lot of access to carbon free energy, and second, it's got good connectivity, so we are able to serve much of Europe from Finland," he said. More than 20 new data centres are being planned in Finland, amounting to some 13 billion euros in value and 1.3 gigawatts in capacity, Veijo Terho, chairman of the Finnish Data Centre Association said.
