The Department of Communications and Digital Technologies (DCDT) has published a government gazette in which it outlines its Digital and Future Skills Strategy. Key to this strategy, said the DCDT, is driving digital literacy and fluency in South African schools – which it believes can be achieved by evolving the school curriculum to address the important...
Day: <span>24 September 2020</span>
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Alibaba fintech arm eyes record IPO with Hong Kong-Shanghai listing
The financial arm of Chinese e-commerce titan Alibaba is planning the biggest IPO in history, raising as much as $35 billion in a joint listing in Hong Kong and Shanghai, a report said Thursday. And in a sign of Ant Group’s confidence in the share sale, it will not seek cornerstone investors — large institutions...
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WeWork sells control of China unit; says unit got $200 million in funding
Office-sharing firm WeWork on Thursday said it will sell control of its China division to one of its investors – private equity firm Trustbridge Partners – as it steps back from a competitive market where it has suffered low-occupancy rates. The deal effectively offloads the China unit away from the parent, which has faced fundraising...
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Tesla could struggle to implement some of its battery advances, experts say
The advanced battery cell design and new manufacturing processes outlined by Tesla Inc <TSLA.O> CEO Elon Musk are promising, battery experts say, but they questioned how quickly they can be implemented and how much they’ll contribute to reducing overall costs. Tesla’s new battery cell — a larger cylindrical format called 4680 that can store more...
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TIDAL, Jay Z’s Streaming Service Partners With Facebook to Give You a Front Row Seat to VR Concerts
Though concert halls are closed and artists have stopped touring, you can still get a front-row seat to some amazing musical experiences. TIDAL has partnered with Facebook’s virtual reality platform Oculus “to bring live, immersive, and intimate music performances straight into people’s homes,” the press release says. Oculus Quest headsets, much like Facebook, help connect people with...