ByteDance Foe Seeks $5.4 Billion in Biggest Tech IPO Since Uber

By Julia Fioretti and Zheping Huang

Kuaishou Technology, the operator of China’s most popular video service after ByteDance Ltd.’s Douyin, is seeking to raise as much as $5.4 billion in the world’s biggest internet initial public offering since Uber Technologies Inc.

The short video startup, backed by Tencent Holdings Ltd., is selling 365 million shares at HK$105 to HK$115 each, according to terms of the deal obtained by Bloomberg News. The company will start taking investor orders from Monday through Jan. 29 and is slated to list on Feb. 5 in Hong Kong.

To read more:

FLSmidth negotiating to buy thyssenkrupp’s mining business

By Paul Moore 

FLSmidth today announces that it is in negotiations with thyssenkrupp concerning an acquisition of thyssenkrupp’s mining business – this would be the biggest deal in mining technology since Metso merged with Outotec. The negotiations, however, are at a non-binding stage. The statement said: “Accordingly, there can be no assurances as to whether and when a transaction will transpire. Any transaction, if entered into, would be subject to, amongst other, statutory clearances from authorities, including approvals from merger control authorities.” The thyssenkrupp mining business comes under thyssenkrupp Industrial Solutions.

To read more:

U.S. Stocks Decline; Oil Falls While Dollar Gains: Markets Wrap

By Cecile Gutscher and Claire Ballentine

U.S. stocks fell for a second day after Wells Fargo & Co. dragged down the banking sector in the wake of disappointing fourth-quarter results. Crude oil declined from a 10-month high as the dollar strengthened.

The energy and financial sectors led the S&P 500 lower, with Exxon Mobil Corp. dropping more than 5% after a report said the company is being investigated for overvaluing assets. Utilities and real estate shares rose. Stocks were already lower in Europe and Asia as President-elect Joe Biden’s much-anticipated $1.9 trillion Covid-19 relief plan came under scrutiny. Treasury yields declined.

To read more:

4 Trends In The Tech Industry You Can’t Afford To Overlook

By Serenity Gibbons

It’s a given that no one person is able to keep track of every single tech trend shaping the world today. What was trending yesterday, however, may not hold much importance in the future. A study from Spiceworks found that more than a third of tech budget increases in 2021 will be influenced by Covid-19 related trends.

Over the last several months, priorities have shifted. The tech that scored big headlines and even bigger investments a year ago may not be relevant anymore. By doing some research and uncovering the latest in tech trends, you can stay one step ahead in the coming year and beyond.

To read more:

Comprehensive Report on Medical Cannabis Oil Market 2021 | Trends, Growth Demand, Opportunities & Forecast To 2027

By hitesh

LOS ANGELES, United States: QY Research has recently published a research report titled, “Global Medical Cannabis Oil Sales Market Report 2020“. This report has been prepared by experienced and knowledgeable market analysts and researchers. It is a phenomenal compilation of important studies that explore the competitive landscape, segmentation, geographical expansion, and revenue, production, and consumption growth of the global Medical Cannabis Oil market. Players can use the accurate market facts and figures and statistical studies provided in the report to understand the current and future growth of the global Medical Cannabis Oil market.

To read more:

Eleven Important Tech Trends to Expect in 2021

By eWeek Editors

As our latest installment in this year’s eWEEK predictions, we offer insights from two sources: Dave Padmos of EY Americas, and Diego Oppenheimer, CEO of Algorithmia

EY makes EY Diligence Edge, an artificial intelligence platform hosted on IBM Cloud and supported by IBM Watson Discovery, designed to revolutionize the mergers and acquisitions due-diligence process. Algorithmia is a machine-learning model deployment and management solution that automates the MLOps for an organization.

Here are insights for 2021 from thought leaders representing two trendy companies.

To read more: