buys

Without prior approval: Despite austerity drive, NDRMF head buys luxury vehicle

ISLAMABAD: In complete disregard to Prime Minister Imran Khan’s austerity policy, the head of National Disaster Risk Management Fund (NDRMF) purchased a luxury vehicle and went on a foreign trip without seeking permission of the finance minister.The fund, which is expected to grow to $1 billion, was set up with a loan of $200 million from […]

Samsung buys AI tech firm Zhilabs to boost 5G capabilities

Samsung buys AI tech firm Zhilabs to boost 5G capabilities

SEOUL: Samsung said on Wednesday it had acquired artificial intelligence technology firm Zhilabs to enhance its 5G capabilities, marking a major push into the 5G market. Review: Samsung Note 9, a subtle powerhouse Zhilabs will continue to operate independently under its own management, Samsung said in a statement. Samsung unveils Galaxy Note 9 to reverse disappointing sales […]

Alibaba buys out online ticketing platform Damai

Alibaba buys out online ticketing platform Damai

Alibaba buys out online ticketing platform Damai REUTERS China’s Alibaba Group Holding Ltd (BABA.N) has fully acquired online ticketing platform Damai.cn, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business. “Ali announces its acquisition of Damai, part of our big […]