SoftBank bets $1.5 billion on China used-cars

Hong Kong: SoftBank Vision Fund is investing $1.5 billion in Chinese car trading platform Chehaoduo Group, placing another major bet on the world’s largest automobile market. The investment values Chehaoduo, the parent of online sites Guazi and Maoduo, at more than $9 billion (Dh33 billion), a representative for the start-up said. It intends to use […]

Apple Watch leads smartwatch sales, accounts for half of global shipments

Dubai: Smartwatches are becoming an increasingly part of life in the modern world, with the end of last year recording an “impressive” increase in global shipments. The total number of wearable devices snapped up by shoppers around the world reached a total of 18.2 million units by December 2018, registering a 56 per cent increase […]