Technology Market

Amazon will hold a beauty products event in October 2021

Amazon Will Hold a Beauty Products Event in October 2021

According to the latest news, Amazon plans to hold a beauty products event to attract early holiday shoppers in October. The move also aims to boost the firm’s position in a booming category. Remarkably, a presentation sent to select beauty brands revealed Amazon is currently planning the event for October 4-25. Additionally, the same information …

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byd

BYD’s Sales Quadrupled in August from A Year Earlier

The latest data showed that sales of new energy vehicles at BYD, a Chinese manufacturing company, quadrupled in the previous month from a year earlier. Remarkably, demand for electric cars continues to increase in the world’s largest auto market. The company announced that it sold 61,409 new electric vehicles last month, compared with 15,283 a …

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TikTok owner ByteDance acquired a start-up called Pico 

TikTok Owner ByteDance Acquired a Start-Up Called Pico 

TikTok’s parent company ByteDance has made its first step into virtual reality (VR) by buying a VR headset maker start-up called Pico. Remarkably, the financial details of the deal had not been revealed. ByteDance announced that Pico’s comprehensive suite of software and hardware technologies and the talent and deep expertise of the team would assist …

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Investors Could Take Advantage of And Scoop up Facebook Stock

According to the latest data, Facebook traded at $272.41 on September 15, which rose by 2.36% from the previous day’s price. The company’s previous close was $266.1, and the beta (5y monthly) reads 1.28, with the day’s price range being $269.30 – 274.52. Moreover, Facebook has a 12-month trailing PE ratio of 34.76. In terms …

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Toyota Is to Cut Vehicle Production by 40% 

According to the latest news, the world’s largest carmaker, Toyota, cut vehicle production by 40% in September because of the global microchip shortage.  As we know, the company had planned to make nearly 900,000 cars next week. However, the giant carmaker has now reduced that to 540,000 vehicles. Furthermore, German firm Volkswagen has warned it …

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xiaomi

Xiaomi Sells More Phones than Apple and Samsung in June

Counterpoint, the research company reported that Xiaomi sold more phones in June than its competitors Apple and Samsung. The company’s sales increased by 26% compared to the previous month. It gave Xiaomi a 17.1% share of the total number of phones sold worldwide in June. Counterpoint announced that Samsung sold 15.7% of the total handsets, while Apple …

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Amazon Plans to Cut Waste, Launching Two New Programs

An e-commerce giant, Amazon, has unveiled its plans to cut waste. The firm launched two programs to give products a second life when they are returned to companies that sell items on Amazon’s platform or fail to get sold. The company announced that the so-called Fulfilment by Amazon programs would help build a circular economy. …

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