Ford to accelerate self-driving car development by increasing test fleet to 30


Ford Motor Co said Tuesday it plans to triple to 30 the size of its fleet of self-driving test cars as part of an effort to accelerate autonomous vehicle development. In an announcement coinciding with the Consumer Electronics Show in Las Vegas, Ford said it will begin using a new,… Read more »

China’s online P2P lending jumps four-fold to touch $150b: Report

Lending transactions via China’s peer-to-peer (P2P) platforms reached 982.3 billion yuan ($151 billion) in 2015, according to a report released by, a mainland Chinese internet financial services web portal. This is a 288.6 per cent increase from the 252.8 billion yuan ($38.77 billion) in 2014, with mainland Chinese P2P lending platforms brokering… Read more »

China stocks markets to be put to test after unprecedented trading halt

China’s six-month-old campaign to calm share markets will be put to the test when stocks reopen on Tuesday, a day after selling triggered an unprecedented trading halt and risked undermining state rescue efforts estimated to have cost around $140 billion. China’s major stock exchanges tanked on the first trading day… Read more »

Asia 2016: Food tech startups in for big churn, fierce competition & tougher fundraising

When it comes to food delivery companies, 2015 was the year they broke out and made an impact on lives of people, at least those living in urban areas of Asia

Automaker GM announce $500m investment, strategic alliance with Lyft

General Motors Inc and Lyft Inc Monday announced an alliance to develop an on-demand network of autonomous vehicles as well as a $500 million investment by the automaker as part of a $1 billion fund-raising round by the ride-sharing service. The two companies said the partnership, which involves one of… Read more »

Nokia gains control of Alcatel-Lucent with 79% holding

Finland’s Nokia said on Monday it has gained control of French rival Alcatel-Lucent following its 15.6-billion-euro ($17 billion) all-share offer and the two telecom equipment makers would combine on Jan. 14. The French stock market authority said interim results showed Nokia would hold around 79 percent of Alcatel shares. The… Read more »

In 2016, Zuckerberg to build artificially intelligent butler

Mark Zuckerberg wants to build an artificially intelligent assistant in 2016 to help run his home and assist him at work, the Facebook Inc founder and chief executive said on Sunday. Zuckerberg, who commits to a new personal challenge every year, revealed his plan in a Facebook post. “You can think… Read more »

Auto majors Volkswagen, General Motors woo tech enthusiasts to revive hybrid electric car segment

Volkswagen AG and General Motors Co are expected to disclose new details of their electric vehicle strategies at the Consumer Electronics Show in Las Vegas this week, highlighting efforts to stoke consumer enthusiasm for battery-powered cars to match growing regulatory demands to build them. Herbert Diess, head of the Volkswagen… Read more »

Asia 2015: Rise of cab-hailing giants in Asia that are giving Uber a run for its money

Cab-hailing apps are everywhere in Asia, from the small nations of south east Asia to huge markets like China and India, where home grown competitors are posing tough competition for Uber, the San Francisco-based pioneer of this business.

Japan central bank turns activist investor to revive economy

Japan’s central bank, which dominates the domestic bond market, has begun to call the shots in the equity market as well — to the point where asset managers are looking to design investment funds with the Bank of Japan in mind. The bank has blazed a trail in global central… Read more »