May 7, 2021 | E-Commerce |
Cainiao Smart Logistics Network, the logistics arm of Alibaba Group Holding Limited, today announced its strategic plan to implement global smart supply chain technologies in Hainan to meet the explosive growth in consumer demand.
This will allow Cainiao to provide a strong logistics infrastructure to support the needs of Hainan’s Free Trade zone, and serve consumers and merchants across the globe with its digitalized full-chain logistics solutions. As one of Cainiao’s core logistics hubs, Hainan will connect to its eHubs in Hong Kong, Kuala Lumpur and Liege, and playing a pivotal role in driving globe trade and e-commerce across Asia and Europe.
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Apple Inc (NASDAQ: AAPL) power components supplier Delta Electronics is backing Kneron, an artificial intelligence startup that develops semiconductors with a $7 million investment, reported TechCrunch Thursday.
What Happened: The San Diego, California headquartered Kneron has also reportedly agreed to buy Vatics, a part of Delta Electronics’ subsidiary Vivotek, for $10 million in cash as a part of the deal.
The acquisition will complement Kneron’s existing business as it makes efforts to expand to the smart car industry.
Vatics executives will join Kneron in order to lead the latter’s surveillance and security camera division. The merged workforce will develop both surveillance and automotive products for Kneron.
China Is Next Frontier in SaaS Revolution
NetworkNewsWire Editorial Coverage
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NEW YORK, May 5, 2021 /PRNewswire/ Software-as-a-service (SaaS) in China is one of the fastest-growing industries in the world, and with the sector poised to double over the next few years, the boom has just begun. Cloud infrastructure spending in China increased from about USD $107 billion in 2019 to $142 billion in 2020, surging more than 32% in the last quarter of the year. China s accelerating cloud migration is driven by long-term structural trends in the digitalization of the country s economy plus increased business acceptance of cloud and SaaS solutions, all indicative of massive sector growth. These drivers, among others, are propelling the market higher as ever more companies shift to cloud-based infrastructure to reduce costs and increase revenue as well as enhance customer service and satisfaction. The process is also spawning a fusion of SaaS and custo
Service Robotics Market SWOT Analysis, Innovations, Emerging Trends, Key Players, Future Scope | Forecast 2028
Service Robotics Market is expected to witness market growth at a rate of 34.55% in the forecast period of 2021 to 2028 15
Service robots are the robots intended to assist humans and complete useful tasks, eliminating the industrial and manufacturing automation applications.
Factors such as the increasing acceptance for robots for the new applications offering high returns on the investment, the increasing utilization of IoT in the robots for cost-efficient analytical maintenance and the growing investment for research on the robots is expected to further boost the growth of the service robotics market.
10 Best Cheap Oil Stocks to Buy in 2021
For the past several years, the oil industry has seen enormous growth in demand and revenue. However, the coronavirus crisis hammered the industry as demand crashed, production plants shuttered and the market saw a supply glut that have no precedents. According to an article published in Deloitte, oil demand is forecasted to rebound strongly in 2021. However, it will still be 4% lower than pre-COVID-19 in the base case.
The Association of Petroleum Exporting Countries (OPEC) is a 13-country intergovernmental organization founded in 1960 by its first five founders, the Islamic Republic of Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. In 2020, OPEC held 79.1% of the world’s proven oil reserves. In 2021, according to the latest Short Term Energy Outlook (STEO), OPEC sales are expected to rise marginally to $397 billion due to a larger output as global demand increases and a rise in crude oil prices.