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XCMG's intelligent supply chain management platform passes China national acceptance testing
Xuzhou-based heavy machinery manufacturer XCMG announced this week that it had achieved another milestone in the development of its intelligent supply chain platform.
The product, which has been in development for the past three years, is the first platform in China to use the Handle System developed by Dr Robert Kahn. On Friday, XCMG revealed that, in an important step forward, the platform had passed national acceptance testing.
Designed to provide a four-stage solution for information traceability, intelligent storage, intelligent logistics and marketing and services, the platform has built to help XCMG to raise operational efficiency in its supply chain.
The Handle System allows XCMG's intelligent supply chain to trace information and connection between equipment and fundamental parts, as well as inventory inquiry of offsite components, real-time market and quality feedback, paper-less mobile warehouse management and more.
"The platform of XCMG intelligent supply chain is a crucial link in achieving information sharing and operational efficiency between XCMG's upstream and downstream companies. XCMG is dedicated to creating highly efficient and intelligent systems that will converge purchasing, logistics and information exchange to push forward Intelligent Manufacturing (IM)," noted Dawei Jiang,GM Xuzhou XCMG Material Supply.
Enabled and driven by the advent of the 5G era, XCMG has stepped up its industrial internet development and IoT integration in recent years, and the new platform will form an integral element of the company’s ability to act and react to its increasingly intelligent supply chain process.
"XCMG will continue to embrace this revolution, push forward the integration development of AI, 5G and industrial security with XCMG's Hanyun industrial information platform to create more value for customers," said Zhang Qiliang, general manager of Jiangsu XCMG Information Technology at a seminar on commercial 5G usage.
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The investment will be used to enhance Ninjacart’s agri-tech platform and spread its reach in new markets
India’s agri tech startup, Ninjacart has reportedly raised $35 million in a series B funding round led by Switzerland’s Syngeta Ventures and U.S.A.’s Accel Partners.
Apparently, the new investors who participated in the round include HR Capital, Neoplux and Trifecta Capital. Existing investors Nandan Nilekani NRJN Trust, Accel India, Qualcomm Venture and Misteltoe also contributed, with RainMaker Group as financial advisor to the funding round.
As per reliable sources, NinjaCart intends to utilize the capital to expand operations to 10 cities, launch over 200 distribution centers and invest in an improved supply chain infrastructure.
According to The Economic Times, Thirukumaran Nagarajan, Co-Founder, Ninjacart, said that the company already has around over 3000 farmers and about 4000 retailers with whom it connects its platform that is spread across five states namely Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh and Telangana. He said that the company aims to maintain product hygiene by delicately handling batches before being delivered to its collection centers. The firm is investing heavily to ensure that the transportation happens under hygienic conditions.
Founded in 2015, NinjaCart connects farmers to end retailers such as supermarkets, grocery stores and restaurants, who buy vegetables and fruits. It runs a logistics network enabling smooth pickup and drop of farm harvest. The company’s low-cost sourcing and distribution operations manage over 60 tons of farm produce daily, offering farmers 15-20% more revenue than existing market rates.
Vasudevan Chinnathambi, Co-Founder, NinjaCart, was quoted saying that the company is about to launch in Delhi and Mumbai in early 2019, and intends to hire a new team and build improved facilities. He said that the firm will be hiring people for leadership level (including VPs) in multiple cities.
Commenting on the funding, Subrata Mitra, Partner, Accel India, said that the company expects Ninjacart to scale rapidly, enter new markets, and enable direct links between farmers and retailers for diversified product categories.

domain: news


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The retailer plans to create and give away more than 5,000 NFTs, along with dozens of real-world prizes.
WAWA, Pa. — As part of its 2022 Hoagiefest Sweepstakes, Wawa Inc. is offering customers a chance to win one-of-a-kind digital collectible artwork, non-fungible tokens (NFTs), and special Hoagiefest swag.
The campaign marks the first time Wawa put its iconic Hoagiefest graphics and products into the virtual world.
The Wawa Hoagiefest NFT collection is based on the designs and visual elements of past and present Hoagiefest commercial illustrations. These illustrations were then used to create a series of 5,000-plus unique collectible Hoagiefest NFTs, including 12 rare, animated NFTs and 5,000 generative NFTs that include a variety of characters, backgrounds, hoagies and accessories.
"Our Hoagiefest campaign has always been filled with fun visuals over the years — from our hoagie wrappers to our commercials to our associates' T-shirts in store," said Todd Miller, senior director of brand strategy and experience for Wawa. "Today, we are thrilled to bring a brand new way to Hoagiefest through NFTs.
"This entirely new digital dimension of Hoagiefest 2022 is inspired by some of our most iconic artwork over the years that customers have come to know and love. We hope these one-of-a-kind collectables give customers a chance to own their own part of Hoagiefest history," Miller added.
Wawa's 2022 Hoagiefest runs from June 20 to July 31 and offers $5 Shortis and $6 Classic Hoagies. Customers can enter the Wawa Hoagiefest NFT Sweepstakes from July 8 to 24.
Wawa plans to create and giveaway more than 5,000 NFTs along with dozens of real-world prizes and surprises for a select group of winners. The prizes include:
11 prize winners will receive one rare, animated Wawa NFT inspired by past or present Hoagiefest campaigns, a personalized T-shirt that matches their NFT artwork, and a Hoagiefest social swag pack;
One prize winner will receive one rare, animated Wawa NFT inspired by past or present Hoagiefest campaigns cobranded with Reese's, a personalized T-shirt that matches their NFT artwork, a Hoagiefest social swag pack, and a Reese's swag pack;
50 prize winners will receive one generative NFT, an NFT T-shirt, and a Hoagiefest social swag pack; and,
3,950 prize winners will receive one generative NFT.
Wawa has a full agenda. In addition to its annual Hoagiefest, the convenience retailer is preparing to grow its footprint. Its expansion plans call for new locations in central Pennsylvania along the Susquehanna River, with the first new central Pennsylvania store likely to open as early as 2024. There is the potential to add up to 40 additional stores in the area, Wawa said.
In addition, Wawa revealed it will move into the Nashville, Tenn., market with its first location slated to open in 2025.
Pennsylvania-based Wawa operates nearly 1,000 convenience stores in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida, and Washington, D.C.


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The big day is nearly here, at least for cannabis investors. On Thursday morning, Aug. 15, Canopy Growth (CGC -3.79%), the largest marijuana stock in the world by market cap, will report its first-quarter operating results for fiscal 2020.
According to the 10 Wall Street analysts currently offering quarterly estimates, Canopy's consensus is for 109.2 million Canadian dollars in gross sales (ranging from a low of CA$96.8 million to a high of CA$124.7 million), and a net loss of CA$0.38 per share. For what it's worth, Canopy Growth's net loss has more than doubled Wall Street's consensus loss estimate in each of the past four quarters.
But there's far more to Canopy's upcoming first-quarter results than simply headline numbers. Although these figures are important, there are a combination of 10 numbers investors should be eyeing when Canopy Growth delivers its results.
1. Sequential sales growth
Topping the list of must-knows is whether or not Canopy Growth was able to muster any sort of sequential growth momentum from its cannabis business during the fiscal first quarter. With net revenue of CA$94.1 million in the fourth quarter, the current gross revenue estimate of CA$109.2 million on the Street suggests virtually flat quarter-over-quarter sales. That's in stark contrast to Aurora Cannabis (ACB -1.94%), which recently guided to sequential quarterly sales growth of 59% at the midpoint.
2. International sales
The next figure you'll want to keep an eye on is international sales, especially considering that Canopy Growth has a presence in well over one dozen overseas markets. Surprisingly, international medical cannabis revenue fell by 25% to CA$1.8 million in the fiscal fourth quarter from the previous year. It's become apparent that domestic Canadian demand will need to be satiated before global medical weed markets can thrive. Still, it'd be surprising if we didn't see some improvement in international sales figures from the sequential fourth quarter.
3. "Other" segment sales outlook
Most investors probably aren't aware that nearly 26% of Canopy's fourth-quarter net sales were derived from its "other" business segment, which consists of intellectual property royalties, as well as vaporizer sales via its acquisition of medical device company Storz & Bickel. With derivative sales expected to commence in Canada in four months, investors should pay especially close attention to sequential sales growth and the outlook offered by Canopy for its "other" segment.
4. Operating loss
It's pretty much no secret that Canopy Growth is going to lose money in the fiscal first quarter. The big question is how steep those losses will be. Major investment partner Constellation Brands has begun to be adversely impacted by Canopy's widening losses, so anything on a per-share basis that's smaller than its Q1 2019 loss of CA$0.40 per share should be considered a modest victory for shareholders.
5. Share-based compensation
Although expenses are up across the board, the most notable cost on Canopy's income statement during the fourth quarter was its ballooning share-based compensation. Now-former co-CEO Bruce Linton believed that paying out long-term vesting stock was a good way to keep employees loyal. But it's also driven up expenses, and it ultimately cost Linton his job (as of July 3, 2019). Since Canopy's fiscal first quarter examines its operating performance through June 30, it could represent another period of very high share-based compensation.
6. Gross margin
Without sugarcoating things, Canopy's gross margin has been among the lowest in the industry, with Linton often suggesting that these higher near-term costs were needed to build the company's brand, expand into new markets, and gobble up early stage market share. But if the company is to maintain its lofty large-cap valuation, it's going to need to show signs of margin improvement. Could this be the first quarter where economies of scale come into play in terms of lower per-gram production costs? We'll soon have that answer.
7. U.S. CBD timeline
Another figure to keep an eye out for is Canopy's expected start to cannabidiol (CBD) product sales in the United States. As you're probably aware, the passage of the farm bill in December legalized the industrial production of hemp and hemp-derived CBD, the popular nonpsychoactive cannabinoid best known for its perceived medical benefits. Having been awarded a hemp processing license in New York state, Canopy has previously guided to sales commencing at the end of fiscal 2020 (March 2020). Look for confirmation of that date, or an update to it, as well as initial forecasts for CBD sales in the United States.
8. Licensed production capacity
Canopy Growth is expected to slot in as the second-largest pot grower in Canada at north of 500,000 kilos a year. This places it behind only Aurora Cannabis and its nearly 700,000 kilos of yearly production, when at full operating capacity. But the key to Canopy reaching full capacity is getting all of its grow farms licensed. As of June 24, when the company released its Q4 2019 results, more than 4.7 million square feet out of 5.6 million square feet of cultivation space was licensed by Health Canada. Look for steady improvement of this figure when the company releases its Q1 2020 results.
9. Cash, cash equivalents, and marketable securities on hand
Canopy Growth's cash, cash equivalents, and marketable securities play a big role in helping to support the company's lofty valuation and its aggressive expansion into international markets. At the end of the fourth quarter, the company had about CA$4.5 billion in cash, cash equivalents, and marketable securities, but has since agreed to acquire Acreage Holdings on a contingent-rights basis and lost more money on an operating basis. Long story short, keep a close eye on how much Canopy's cash pile dwindled in the fiscal first quarter.
Lastly (and you knew this was coming), take note of the company's goodwill on its balance sheet. Last year, Canopy racked up more than CA$1.2 billion in goodwill, or premium paid above and beyond tangible assets when making acquisitions. While some amount of goodwill is expected when buying other companies, Canopy's CA$1.54 billion in fiscal-year-end goodwill looks like a possible writedown waiting to happen. If goodwill were to once again rise significantly, investors should consider it a potential red flag.
Now we simply watch and wait for Canopy Growth to deliver the green on Thursday.


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Sweden: Inflation picks up in March
Consumer prices in Sweden rose 0.3% on a month-on-month basis in March according to data released by Statistics Sweden (SCB). This was down from February’s 0.7% increase and slightly below market expectations. The SCB’s data showed that March’s price rise was driven by higher prices for food and non-alcoholic beverages, and clothing and footwear.
Inflation increased from 1.6% in February to 1.9% in March. As a result, inflation was still slightly below the Riksbank’s 2.0% target, but firmly within the 1.0%-3.0% tolerance band. Meanwhile, annual average inflation came in at 1.8% for the sixth consecutive month. The CPI with interest rates held constant (CPIF) was 2.0% in March, up from 1.7% in February.


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At this amount, no person is likely to clearly show any curiosity in loans.
The average month to month payment on a new motor vehicle financial loan strike a document large of $686 in June, according to new data from auto product sales web-site Edmunds, up 4% from January and 13% 12 months-more than-calendar year. With it the danger of delinquency has risen substantially.
Thousand Dollar Stare
Phone it a scenario of double whammy. A shortage of new automobiles induced by pandemic-period supply chain backlogs drove up vehicle costs — in May, the typical transaction price tag of a new automobile was up 13% YOY to $47,148, according to Kelley Blue Book. In addition to that, interest payments are better for the reason that the Federal Reserve is engaged in a level-elevating duel against inflation — the average once-a-year charge on a new-auto personal loan past month was 5.2%, up from 4.4% in February, according to Edmunds.
In limited, that points out why some month-to-month auto payments are on par with the hire for a small studio apartment, and why a lot more motorists are missing payments:
- A file 12.7% of people who took out a bank loan on a new auto very last month agreed to a regular monthly payment of at the very least $1,000, in accordance to Edmunds. That is virtually double the 7% from a year ago, and extra than six instances the 2% in 2010.
- Fortunate Lopez, a auto seller who specializes in repossessed vehicles, advised Barron’s that the share of subprime car loans that conclusion up as repossessions has practically doubled considering the fact that 2020 to 11%. In general, 5.36% of subprime car financial loans were severely delinquent in May well, 138 basis points bigger than a yr back, according to Cox Automotive. Even far more regarding, Lopez mentioned, is that key repossessions in which debtors have high credit scores is at a 4% fee, double the typical 2%.
Reverse Equipment: Even though the volume of vehicle loans remaining taken out is shifting downward, much less financial loans are amounting to far more personal debt, according to Equifax. The 6.8 million car loans and leases taken out this calendar year as of Could were 8.9% less than the past calendar year, but totaled $201.5 billion, a 7.6% enhance in balances.
Professor’s Undesirable Quality: According to the Cox Automotive/Moody’s Analytics Auto Affordability Index, which actions a median household’s potential to pay for an average-priced auto, as of May it took a report 40.6 weeks to obtain one. So the next you very own it, there’ll be a new product out — now you know how Apple laptop homeowners experience.


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BlackBerry's KEYone smartphone made by TCL, earlier known as BlackBerry Mercury has been creating a lot of buzz these last few months. It was eventually unveiled at Mobile World Congress 2017, and was expected to launch in various markets in April. However, it doesn't seem to be the case, as the company's CEO has revealed that its partner is yet to begin producing the smartphone.
According to BlackBerry CEO, John Chen, the TCL-manufactured smartphone will go in production by the end of April, which most definitely means that the device won't ship that month. Chen further revealed that the worldwide availability may go further than May. The company recently launched the mid-range BlackBerry Aurora in partnership with another partner in Indonesia, but it is unlikely to come to other markets.
TCL Communication's president and general manager of the North American division, Steve Cistulli revealed on Twitter, that the BlackBerry KEYone's launch in the US and Canada will happen on May 5, and that the device's production has already begun, which sounds rather strange going by John Chen's statement. Nevertheless, the launch isn't happening in the promised time frame, and those eagerly waiting for the device will have to be patient a little while longer.
Source: Mobile Syrup


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Asia is known for its busy ports and tourist traffic. In our latest issue is an extensive infographic showing Asia’s busiest airports and its most visited cities, amongst other exciting top picks.
Busiest Airports in Asia
Long transfers and airport transits, holiday destinations, or business hubs; most busy cities are entered through an airport. Here is a list of the busiest airports in Asia by number of passengers.
(Number of passengers per year/ Based on 2018 figures)
- Beijing Capital International Airport, Beijing, China – 100,983,290
- Dubai International Airport, Dubai, UAE – 89,149,387
- Tokyo Haneda International Airport, Tokyo, Japan – 87,131,973
- Hong Kong International Airport, Hong Kong – 74,517,402
- Shanghai Pudong International Airport, Shanghai, China – 74,006,331
- Indira Gandhi International Airport, Delhi, India – 69,900,938
- Guangzhou Baiyun International Airport, Guangzhou, China – 69,769,497
- Seoul Incheon International Airport, Incheon, South Korea – 68,350,784
- Istanbul Atatürk Airport, Istanbul, Turkey – 68,192,683
- Soekarno-Hatta International Airport, Java, Indonesia – 66,908,159
Most Visited Cities in Asia
Asia has become a hot tourist destination, both by its citizens and those beyond its boundaries. Here is a list of the most visited cities in Asia by number.
(Number of arrivals per year/ Based on 2018 figures)
- Bangkok, Thailand – 22,780,000
- Dubai, UAE – 15,930,000
- Singapore, Singapore – 14,670,000
- Kuala Lumpur, Malaysia – 13,790,000
- Istanbul, Turkey – 13,400,000
- Tokyo, Japan – 12,930,000
- Antalya, Turkey – 12,410,000
- Seoul, South Korea – 11,250,000
- Osaka, Japan – 10,140,000
- Mecca, Saudi Arabia – 10,000,000
Check out the rest of this article and other exciting ‘Top in Asia’ picks in our lastest issue of Asian Geographic No.138 Issue 5/2019 here or download a digital copy here!


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Artificial Intelligence in Automotive Market Size will Observe Substantial Growth by 2032 with a CAGR of 23.3%
Updated · Mar 06, 2023
WHAT WE HAVE ON THIS PAGE
Published Via 11Press: By 2032, the Global Artificial Intelligence in Automotive Market size is expected to be worth USD 29.04 Bn, rising from its current value of USD 3.58 Bn in 2022 at a compound annual growth rate (CAGR) of 23.3% from 2023 -2032.
Artificial Intelligence (AI) for the Automotive market is a rapidly rising sector that is revolutionizing the auto industry. AI technology is being employed to enhance driving experiences, automate tasks, and boost vehicle safety. With AI being integrated into automotive production lines, we’re seeing self-driving cars, advanced driver assistance systems (ADAS), and intelligent infotainment systems being developed at an unprecedented rate. Globally, this market is projected to experience significant compound annual growth during 2023-2032.
The key factors driving growth in the AI for Automotive market include increasing demand for advanced driver assistance systems (ADAS) and self-driving cars, rising need for fuel-efficient and emission-free vehicles, rising preference for connected cars with intelligent infotainment systems, as well as technological advances in AI and machine learning.
However, the high cost of AI-powered automotive systems, lack of skilled professionals, privacy and cybersecurity concerns, lack of standardization and regulatory framework for AI in the automotive industry and limited infrastructure for charging electric vehicles in some regions could hinder growth in this market.
Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Request for PDF sample report
Autonomous technology is experiencing a meteoric rise in popularity due to increased consumer awareness. Major automobile companies consider AI technology essential for designing and manufacturing self-driving cars, while numerous governments around the world have taken numerous strategic initiatives to promote innovation within this space.
Advance Driver Assist System (ADAS) level 2 technology is becoming more and more commonplace. AI is being utilized in the automotive industry due to an increasing need for ADAS systems that assist human drivers in making intelligent driving decisions. Automotive manufacturers are adopting AI technology in order to increase productivity and production capacity. As a result, there are plenty of opportunities for startups and industry players to benefit from this growing demand for AI in automotive.
- The artificial intelligence in automotive market grew to USD 3.58 Billion in 2022.
- Forecasted compound annual growth rates between 2022 and 2032 is 23.3%.
- By 2032, the artificial intelligence in automotive market is projected to reach USD 29.04 Billion.
- The global Artificial Intelligence in automotive market is projected to experience a robust compound annual growth rate over the forecast period.
- The introduction of AI into the automotive industry has enabled the creation of self-driving cars, advanced driver assistance systems (ADAS) and sophisticated infotainment systems.
- Alphabet Inc., Audi AG, BMW AG, General Motors Company, Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Tesla Inc., Toyota Motor Corporation and Uber Technologies Inc are some of the prominent players in this market.
- North America is expected to be the leading contributor to the automotive artificial intelligence market throughout the forecast period. This trend is likely to continue.
- The rapid advancements in autonomous vehicle technology and stringent regulations for road safety will spur an increase in automotive artificial intelligence. North America boasts some of the world’s premier technological companies, enabling early adoption and introduction of new technologies such as automotive artificial intelligence.
- Government funding and incentives have played a major role in developing this technology, which is heavily used by the automotive industry in the US. The “Big Three” – Ford Motor Company, General Motors and Fiat-Chrysler Automotive-are continuously upgrading their product lineups. The US boasts advanced features like adaptive cruise control and lane departure warning systems as well as voice recognition system, gesture recognition blind spot detection voice recognition voice recognition voice recognition voice recognition all combined into one comprehensive package.
- Safety: AI technology is one of the major driving forces in the automotive market. Features like collision avoidance, lane departure warning and automatic emergency braking are becoming more and more commonplace, helping reduce accidents and save lives.
- Efficiency: AI can be utilized to optimize vehicle performance and boost fuel economy, which is becoming increasingly crucial as environmental concerns continue to escalate.
- Personalization: Customers are increasingly demanding personalized features and experiences, which AI can help provide through capabilities such as voice recognition, driver behavior analysis, and personalized in-car settings.
- Connectivity: The growth of connected cars is another important driver for AI in the automotive market. AI-enabled features like predictive maintenance, remote diagnostics, and over-the-air software updates are becoming more essential for these connected automobiles.
- Autonomous Driving: The development of self-driving cars is a major driver for AI in the automotive market. Autonomous driving technology holds great promise to reduce accidents, provide mobility to those unable to drive themselves, and reduce traffic congestion.
- Cost Savings: AI can be employed to optimize supply chains and logistics, reduce downtime and repair expenses through predictive maintenance, and enhance overall efficiency – leading to cost-savings for manufacturers as well as consumers alike.
The automotive industry has experienced a marked improvement in the user-friendliness and functionality of human-machine interface (HMI) solutions. These programs enable customers to manage applications like music, vehicle lights, and infotainment more efficiently and conveniently than ever before.
Historically, the electronics system in a vehicle only contributed to 1-2% of overall costs. But with increasing consumer demands for improved user experiences, this share has now reached 8-12%.
Driver assistance technology is an increasingly common feature of modern vehicles, heavily dependent on AI. The car’s AI system can detect if a driver is tired or sleepy just by looking into their eyes. Furthermore, it collects information about the driver to make commutes more pleasant, simpler, and less stressful – including their preferred settings for temperature, music, and destinations. Software developers collaborate closely with automotive companies to ensure AI creates the ideal interior environment for drivers; this results in engaging user experiences.
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- Data Privacy and Security: As connected cars become more intelligent, security concerns have arisen about the security and privacy of data collected and shared. This includes personal details such as location, driving habits, biometric data – which could be vulnerable to hacking or cyber attacks.
- Liability and legal Issues: As AI technology progresses, there is an urgent need to address legal and liability matters associated with accidents involving autonomous vehicles. Who bears responsibility for accidents caused by self-driving cars? How can liability be established when an AI system malfunctions?
- Ethical Considerations: AI algorithms may be biased or discriminate against certain groups of people, leading to ethical concerns. For instance, facial recognition software could have a higher error rate for those with darker skin tones, potentially leading to potential harm or discrimination against them.
- Technical Limitations: Although AI technology is progressing quickly, there are still technical issues to address, such as being able to operate in extreme weather conditions or navigating complex urban settings.
- Cost: Constructing and installing AI systems in vehicles can be expensive, which may limit their adoption.
Commercializing technology systems will drive up the price of autonomous vehicles. At present, most advanced features are only found in luxury and premium cars due to their limited customer base and high prices.
Market growth will be hindered by the high cost of vehicles. As opposed to semi-autonomous cars, demand for autonomous cars will be lower. To enable autonomous driving technology to work effectively, infrastructure such as lane assist technology requires lane lines along the roadside in order for it to detect and adjust your position; this requires additional development costs in this area.
Vehicles equipped with advanced features, such as blind spot detection (BSD), Lane departure warning (LDW), adaptive Cruise Control (ACC), forward collision warning system(FCWS), etc., tend to be more expensive. While premium cars are unaffected by costs, smaller and medium sized cars have higher demand due to their affordability. Every automaker strives to offer safety features at affordable prices; however, the automotive AI market could face challenges due to rising car costs due to better safety standards being installed on more models.
- Autonomous Driving: AI-powered autonomous driving technology offers one of the most exciting prospects for the automotive industry. Self-driving cars have the potential to enhance road safety, reduce traffic congestion, and provide greater mobility to those unable to drive themselves.
- Predictive Maintenance: AI can be employed to monitor vehicle performance and anticipate when maintenance is required. This helps reduce downtime and repair expenses, as well as enhance vehicle reliability and longevity.
- Personalization: AI can be employed to customize each driver’s driving experience. This includes features like voice recognition, driver behavior analysis and preferences for music, temperature and other in-car settings.
- Supply chain Optimization: AI can be utilized to streamline and enhance logistics throughout the supply chain, from manufacturing to delivery of finished vehicles. This could reduce costs and boost efficiency levels.
- Intelligent Traffic Management: AI can be utilized to optimize traffic flow and reduce congestion by analyzing real-time traffic data and altering signals and routing accordingly.
- Enhanced Driver Assistance: AI-powered features like lane departure warning, adaptive cruise control, and collision avoidance can help improve driver safety and reduce accidents.
In-car payments are one of the newest innovations. They could revolutionize how customers fuel up, park their vehicle, pay tolls and shop for groceries all at once.
Open Banking allows clients to pay directly to their bank, which reduces friction and security risks. It could be applied to car wallets and other payment systems as well, eliminating the need for third-party networks by streamlining transaction fees and providing a seamless customer experience. The three most popular applications for in-vehicle payments include fuel, tolls and parking.
Connected vehicles are becoming increasingly common in Europe, particularly Germany, France and the UK. Advancements in AI for natural language processing as well as voice assistants within automobiles will spur this growth further. Businesses can integrate in-car payment systems through strategic collaborations. Visa and Mastercard are two of North America’s biggest payment processors; they have been working closely with car manufacturers to design and implement in-car payments systems. Hyundai recently joined Xevo in 2019 to launch a telematics platform featuring digital payment capabilities.
- Absence of standardization and regulatory framework for AI in the automotive industry.
- Limited infrastructure for charging electric vehicles in some regions.
- Issues related to data management and processing.
Bad vision is one of the major drawbacks with driverless cars. The sensors used by self-driving cars include radars, cameras, radars and lidars to detect pedestrians and cyclists and calculate their speed and distance.
The self-driving car’s controller system processes data from sensors and decides what action should be taken next. In adverse weather, such as snow, fog or heavy rain, sensors may not function optimally – placing driver safety at risk.
These obstacles will be overcome through technological advancements that enable fully autonomous vehicles to function in any weather condition. Autonomous driving has the potential to revolutionize human life; improving road safety, decreasing accidents, increasing productivity and having a lower environmental impact.
- On January 2021, Mercedes-Benz and NVIDIA announced a collaboration to develop AI-powered systems for the automaker’s next-generation vehicles.
- In February 2021, Toyota Motor Corporation and the Japan Aerospace Exploration Agency (JAXA) announced a collaboration to develop a lunar rover powered by AI.
- Ford Motor Company followed with their announcement of BlueCruise, an AI-powered hands-free driving system.
Key Market Segments
- Machine Learning
- Neural Networks
- Autonomous Driving
- Driver and Passenger Personalization and Enhancement
- Enhanced Ability to Capture Data
Key Market Players
- Argo AI
- Astute Solutions
Interested to Procure the Data? Inquire here at https://market.us/report/artificial-intelligence-for-automotive-market/#inquiry
|The market size value in 2022
|USD 3.58 Bn
|Revenue forecast by 2032
|USD 29.04 Bn
|CAGR Of 23.3%
|North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of the World
|Short-Term Projection Year
|Long-Term Projected Year
Contact Person: Mr. Lawrence John
Market.us (Powered By Prudour Pvt. Ltd.)
Tel: +1 718 618 4351
Send Email: [email protected]
The Artificial Intelligence for Automotive Market is a market that involves the use of Artificial Intelligence (AI) in the automotive industry. It refers to the use of advanced technologies like machine learning, deep learning, and computer vision in automobiles.
The major drivers of the Artificial Intelligence for Automotive Market are the increasing demand for safe and comfortable driving experience, the need for reducing human errors in driving, and the increasing demand for autonomous vehicles.
The major challenges in the Artificial Intelligence for Automotive Market are the high cost of implementation, the lack of infrastructure, and the lack of standardization.
The major applications of Artificial Intelligence in the Automotive Industry are autonomous vehicles, predictive maintenance, driver monitoring, and traffic management.
The impact of Artificial Intelligence on the Automotive Industry is significant, as it enables the development of advanced driver assistance systems, autonomous vehicles, and predictive maintenance solutions, among others.
The major players in the Artificial Intelligence for Automotive Market are NVIDIA Corporation, Alphabet Inc., Intel Corporation, Microsoft Corporation, IBM Corporation, Qualcomm Technologies Inc., and Tesla Inc.
The future trends in the Artificial Intelligence for Automotive Market are the development of fully autonomous vehicles, the use of AI for predictive maintenance, and the integration of AI with other technologies like IoT and blockchain.
The team behind market.us, marketresearch.biz, market.biz and more. Our purpose is to keep our customers ahead of the game with regard to the markets. They may fluctuate up or down, but we will help you to stay ahead of the curve in these market fluctuations. Our consistent growth and ability to deliver in-depth analyses and market insight has engaged genuine market players. They have faith in us to offer the data and information they require to make balanced and decisive marketing decisions.


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Mahmut Gazi Bilikozen, Show Director, Automechanika Dubai, organized by Messe Frankfurt Middle East GmbH, talks to MOTORINDIA on how good it is to be back to physical events and why Automechanika Dubai is one of the most interesting trade shows around the world.
Returning to Physical Events
We haven’t had a show for the last two and a half years; it’s probably been the hardest time for companies in the exhibition industry. But thank God we are now back here face-to-face!
Automechanika Dubai has grown exponentially over the last 18 years, this is the 18th edition. The first show took place in 2003 with 107 exhibitors in half a hall. The show has grown leaps and bounds, all thanks of people – exhibitors, visitors, international partners and others. Despite the pandemic, we have registrations from 143 countries and a total of 562 exhibitors from 47 countries. After Automechanika Frankfurt, this is the second most diverse show in the Automechanika family.
In India, we work with two key associations – ACMA and EEPC – and would like to thank them for bringing many exhibitors and visitors to the show. This show depends a lot on the Indian automotive industry and we are happy to have good participation from Indian companies.
New Show Features
This year, the show size has reduced by 40% compared to the previous edition in 2019 which is quite expected. Exhibitors from China, Taiwan, Hong Kong and Japan could not travel due to quarantine regulations. However, we have had very good response from Europe, US and Middle East. This year we have added new features including the Awards, Tools & Skills Competition and Model Workshop, and also new categories such as Oils & Lubrications, Tyres & Batteries, Truck Competence, Classic Competence, Motorcycle Competence and Agricultural Competence.
The exhibitors who are here are very happy and are rebooking for next year (2022). Those who had doubts to exhibit are visiting and are regretting their decision; they wish they were here which is a good sign. We have already received bookings from people who will definitely exhibit next year as well. We are confident that going forward, as countries open up further, everyone will be ready for business and keen to have face-to-face meetings. We believe the 2022 edition will be a much better show than this year and, in a year or two we should be back to pre-COVID levels.


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A survey finds component prices are surging as supply chain disruptions continue. 53% of electronics industry product launches have been delayed...
Here’s a sobering number: 53 percent of electronics industry product launches have been delayed or canceled due to the pandemic.
That’s according to a market study commissioned and released this week by Supplyframe, a vendor of electronic design, manufacturing and supply chain services. The electronics sourcing study conducted by Dimensional Research also indicates that global supply chain disruptions attributed to Covid-19 have significantly driven up component costs.
Further, electronic product re-designs around component shortages also have increased. That means product designs must now be “de-risked” early in the design cycle.
“Eighty percent of the lifetime risk and cost of a typical hardware product is decided during that product’s design process,” said Steve Flagg, Supplyframe’s CEO and founder. “Companies need to examine what’s happening in the design phase because that’s where the disconnect often exists.”
The cumulative number above gets worse when looking at product delays alone: The study found that 91 percent of electronics manufacturers surveyed said sourcing issues resulted in delayed product launches. A greater number agreed OEMs must integrate engineering, sourcing and suppliers to overcome pandemic-driven components shortages.
With more than one-third of respondents saying overall component costs are rising, an equal number said rising bills-of-material are forcing them to rework designs to replace parts no longer available. A similar percentage said they were simply unable to fill customer orders.
The “de-risking” of products designs may be offset by risky survival strategies such as setting aside approved vendor processes to bring in new suppliers. Thirty-one percent of OEMs surveyed said they are operating without a safety net. Others said they have been forced to use lower-quality components to fulfill customer orders.
Meanwhile, the survey found Covid-related stress and distractions have increased design and production mistakes.
Certainly, vendor studies more often than not conclude that their’s happens to be the best platform or service for solving a particular problem. Supplyframe’s is no different, highlighting the importance of collaboration among engineers, procurement and sourcing departments. That, of course, can be made easier through its market intelligence and real-time inventory tools in the form of “vertical” search engines and supply chain monitoring.
Clearly, electronic product manufacturers heavily reliant on Chinese and other Asian component sources find themselves in a bind. That’s unlikely to change until supply chains can be reconfigured and scaled to meet the industrial demands of a post-pandemic economy.
The findings of the Supplyframe study are based on 217 responses to an online survey by supply chain managers at OEMs with at least 500 employees.


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Two More SMS Providers Under ACMA Gaze
- Premium SMS providers warned of facing hefty fines
- Australia Online fails to advertise correct price
- New codes have seen a 90 percent drop in complaints
In what is becoming a little bit like Groundhog Day, the Australian Communications and Media Authority (ACMA) is once again pulling wayward Premium SMS into line after dodgy dealings with consumers.
The ACMA has directed mobile premium service providers AO Australia Online Pty Ltd (Australia Online) and Network Nine Australia Pty Ltd (Nine) to comply with industry rules or face hefty penalties in the Federal Court, after it found both companies breached the Mobile Premium Services Code (the code).
The ACMA found that Nine breached the code by failing to advise of a helpline in advertising two premium SMS competitions, Keno Million Dollar Comp and Moccona Competition.
“The ACMA’s research shows that premium SMS competitions are popular with consumers, and the code requires that consumers be given information about who to contact if they have questions about a service,” said ACMA Chairman, Chris Chapman. “Australia Online breached numerous provisions of the code, including failing to advertise the correct price and failing to state that the service was a subscription service. Providing clear and accurate information about the price, terms and conditions of a service is fundamental to doing business. The ACMA will continue to pursue service providers who are not upfront with consumers about costs.”
Complaints about premium SMS fell 90 per cent between September 2008 and September 2010, due to the code and other regulations put in place by the ACMA. While a direction to comply is the strongest action available to the ACMA in response to a breach of the code, the ACMA may request the Federal Court to impose penalties of up to $250,000 if a direction to comply is contravened.
From 3 November 2010, if a premium SMS provider does not comply with the code and causes significant detriment to consumers as a result, the ACMA also will be able to direct mobile phone companies to not charge consumers for the service in question.


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BANGKOK (Reuters) - Thais are crowding shopping malls and department stores to stock up on black clothes, as they begin a year of mourning for beloved King Bhumibol Adulaydej that could end up dampening consumption in Southeast Asia’s second-biggest economy.
The rush on retail outlets such Japan’s Uniqlo, Tesco Lotus and BigC is in sharp contrast to thinning crowds at Bangkok’s cinemas, coffee shops and usually bustling bars since the king died on Thursday after a long illness.
“Demand is overwhelming and black T-shirts were sold out within half an hour,” said a sales representative at Uniqlo’s flagship store in Bangkok’s upmarket Central World mall. “Many customers bought a dozen of them and we can’t limit the number of goods that they wanted to buy.”
The government has announced a year of mourning, and is encouraging people to curtail festivities such as weddings and other events during the first 30 days, which could put a crimp in consumption.
But the government does not expect the economy to need any additional stimulus measures as a result of any slowdown in economic activity during the year ahead, Deputy Prime Minister Somkid Jatusripitak said on Wednesday.
“There is no need for any stimulus measures,” he said. “There is nothing to worry about... we must be confident in our country’s potential.”
Previously announced economic measures, including cash handouts for low-income people, should help maintain economic momentum, Kobsak Pootrakool, a vice minister in the Prime Minister’s Office, said after Tuesday’s cabinet meeting.
Tourism Minister Kobkarn Wattanavrangkul does not expect much of an impact on tourism, but “the mood and tone might be different”, she told Reuters. “We’re still welcoming tourists to share this precious moment with Thailand.”
Some hotels could see a drop-off in their events business.
Ronnachit Mahattanapreut, senior vice president for finance at Central Plaza Hotel Pcl, told Reuters some seminars and conferences have been put off or cancelled and the company is negotiating with customers about postponing events.
Karaked Sanamchai, manager at Sirichai Wholesale Centre, which supplies beer and alcoholic beverages in suburban Bangkok, said orders for alcohol drinks have dropped around 20-30 percent in the past week.
Bars in Bangkok’s Patpong, a popular night market and red light district, are largely empty these days. “Usually there is joy with music and fun, but now the atmosphere has turned to sadness. It’s never been like this before,” said bartender Kwanmongkol Buttima at a bar in the area.
The media sector is also likely to take a hit.
The broadcast and telecommunications regulator has ordered TV and radio stations to refrain from broadcasting entertainment programs during the initial 30-day mourning period.
Advertising spending will likely slow down from the fourth quarter into the first quarter of 2017, media analysts say.
Cinema operators, such as Major Cineplex, may also be affected as Thais stick to home.
SIGNIFICANT TOURISM IMPACT
“To be honest, cancelling parties and celebration activities will hit the entertainment business and the tourism sector,” said a head of research at a Thai stock brokerage who declined to be named, given sensitivities around the monarchy.
“The impact on tourism should be significant drag on the economy because tourism is one of a few drivers now,” he added.
Thailand, with its beaches, Buddhist temples and infamous night life, had expected a record of 33 million visitors this year.
Tourism accounts for about 10 percent of Thailand’s economic output, and the industry has been a rare bright spot for an economy that has struggled for years as pivotal consumption and exports have been sluggish.
“I don’t see an immediate impact on Thailand economic performance. The only drag would likely be in the tourism sector,” said Singapore-based Barnabas Gan of OCBC Bank, who is sticking to his 2016 GDP growth forecast of 3.2 percent.
“Given that there is no substantial negative impact on growth and fundamentals, there isn’t a need to engage in monetary easing,” he said.
The central bank has left its policy rate steady at 1.50 percent, near a record low, since April 2015.
Despite a temporary impact on some activities, Pimonwan Mahujchariyawong, senior economist of Kasikorn Research Center, said she expected “there would be stimulative effects on activities, such as consumer goods and transportation related to the mourning.”
She said she’s sticking to her forecast of 3.3 percent growth for 2016. Thailand’s economy grew 2.8 percent last year.
While black attire is one bright spot in the economy, other products are seeing a spurt of business as well.
Sales of newspapers jumped with people keen to collect commemorative editions containing pictures and stories of the king.
Wut Nontarit, editor at Post Today Newspaper, told Reuters daily sales have surged 50 percent to 300,000 since Saturday, the highest capacity the publisher has.
Additional reporting by Manunphattr Dhanananphorn, Patpicha Tanakasempipat, Jutarat Skulpichetrat and Pracha Hariraksapitak; Editing by Bill Tarrant
Our Standards: The Thomson Reuters Trust Principles.


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The hospitality company OYO has announced its plan to open 500 additional hotels in the cities that will be the venue of the upcoming ODI World Cup 2023 in India in a bid to deliver seamless accommodation alternatives and improve the overall fan experience.
The decision was made in anticipation of the increasing demand for hotel rooms associated with the tournament to be held in India.
In consideration of the higher demand for travel that comes along with big cricket events, OYO wants to plan out additional hotels closer to the stadiums.
According to a business representative, this strategic location guarantees simple access for cricket fans traveling from all over the world to watch their favorite teams in action.
The ICC ODI men’s World Cup is set to begin on October 5 and end on November 19 in the host cities of Ahmedabad, Hyderabad, Delhi, Dharamsala, Chennai, Lucknow, Bengaluru, Mumbai, Kolkata, and Pune.
OYO will add 500 hotels in ODI World Cup 2023 Host Cities
Due to a rise in demand in the host cities as the tournament draws near, accommodation rates have already increased. OYO has also noticed an important rise in hotel demand during the event.
The OYO representative emphasized that the introduction of these 500 hotels will meet the increased demand and ensure cricket fans from all over the world have access to comfortable and reasonably priced lodging.
In addition to OYO’s initiative, the online travel agency MakeMyTrip has also started a campaign asking citizens of the host cities to market their properties on its website.
This response follows a sharp increase in demand for homestay accommodations, especially in important metros and cities like Ahmedabad and Dharamshala.
Parikshit Choudhury, Chief Business Officer at MakeMyTrip, noticed cricket fans’ growing curiosity about homestay accommodations.
The company has added a feature to its platform that shows the separation between lodgings and cricket venues in each location. Based on the closeness to the stadium, this feature helps cricket fans choose the best hotel alternative.
As the countdown to the 2023 ODI World Cup continues, the collaborative efforts of OYO and MakeMyTrip aim to guarantee cricket fans a smooth and enjoyable experience.


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Lowe’s Canada has been named a Leader in Sustainability for the fourth year in a row by Call2Recycle Inc.
In 2021, efforts across Lowe’s, RONA, and Réno-Dépôt stores helped ensure over 125,000 kilograms of used batteries were collected for safe disposal diverted from landfills. This represents a 28% increase over 2020.
“It’s the small, yet significant everyday actions, like safely disposing of used batteries at one of our stores, that allow sustainability initiatives to succeed, and more broadly, for Lowe’s Canada to have a positive impact on the environment and the communities we serve,” said Mélanie Lussier, director, external communications and sustainable development.
“A big thank you goes to our customers and associates for helping us outdo our battery collection and recycling numbers every year. Our collective efforts and commitment to sustainability over time and across our entire network are making an impact.”
Lowe’s Canada is among Call2Recycle’s highest performing partners, a select group of major retailers, warehouses, municipalities, and companies that continue setting a high standard for leadership in this area. This is the tenth time Lowe’s Canada has received a Leader in Sustainability award.
Call2Recycle is the provincially approved consumer battery collection and recycling program for British Columbia, Saskatchewan, Manitoba, Quebec, and Prince Edward Island, and operates as a registered Producer Responsibility Organization (PRO) in Ontario according to the Ontario Batteries Regulation.
“Each year, Canadians recycle more and more of their used batteries with Call2Recycle thanks to the exceptional partnership of organizations like Lowe’s Canada. Its commitment to sustainability and diverting batteries from the waste stream for reuse in new products is making a real difference,” said Joe Zenobio, president of Call2Recycle Canada, Inc.
“With Lowe’s Canada’s support, we have been able to achieve record collection targets year after year, helping to protect wildlife, the environment, and our communities by keeping toxic metals out of landfills.”
Lowe’s Canada aims to reduce the environmental footprint of its business, operations, and customers through several Canada-wide programs. In addition to large-scale battery collection efforts in 2021, the company collected more than 1,850 tons of paint and 95 tons of CFL bulbs and fluorescent tubes.
Lowe’s Canada was also the first home improvement retailer to announce it will progressively remove single-use plastic shopping bags from its network starting in June 2022.


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Nitro Circus, an extreme sports brand centred around live shows showcasing freestyle motocross, BMX and skate stunts, is making the leap into the world of toys.
The brand, led by extreme sports icon Travis Pastran, also has a presence in TV, and with a new live tour and a deal with NBC in place for this year, Nitro Circus believes the time is right to launch toys.
“A key focus for Nitro Circus is the establishment of the toy category, with a focus on innovative design and play pattern enhancement,” Peter Maule, global head of licensing at Nitro Circus, told ToyNews.
“The brand essence of Nitro Circus particularly lends itself to toyetic play patterns across product categories including die-cast, play-sets, construction and collectables.
“The ideal partner for Nitro Circus would be a company who sees the value and opportunity to leverage Nitro Circus’s existing global marketing platform and seamlessly integrate products into live shows and omni-channel media.
“Strong channel distribution across a wide section of retail classes will also be an important consideration.”
The firm has appointed Lisle International as its UK and Ireland agent for the push into licensing and the brand’s first foray into licensed product is timed to coincide with the arrival of Nitro Circus Live in the UK in February, as well as the inaugural Nitro World Games taking place in July.
“Nitro Circus’ rapid expansion in the youth media space has expanded the demand for licensed consumer products around the world,” added Maule.
“Nitro Circus is keen to kick off 2016 with its first ever licensing and consumer products range and is looking for key partners to help bring great new, innovative products to consumers. Come and be a part of the ride.”


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For many anxious hours, Android users have been waiting for the announcement of the LG-developed Nexus 5, Google's latest smartphone addition and first device to run Android's new OS, KitKat. Google's official announcement came this afternoon—though with few surprises as a series of leaks and impressive Internet sleuthing uncovered most of the smartphone's specs. For $349 or $399 (depending on your memory preference), the gadget has a lot going for it.
The phone weighs in at about 5 ounces, has a 5-inch 1920x1080 display, and is powered by a Qualcomm Snapdragon 800 CPU with an Adreno 330 GPU. The phone comes in white or black and 16GB or 32GB. The device also has a couple ways to communicate through dual-band Wi-Fi, NFC via Android Beam, or Bluetooth 4.0.
The Nexus 5 has front- and rear-facing cameras at 1.3MP and 8 MP respectively. The 2,300 mAH battery is a little underwhelming with some bloggers speculating the device would house something closer to 3,000 mAH, but Google says users will get 17 hours of talk time or 7 hours of LTE use. The Nexus 5 is available through AT&T, T-Mobile, and Sprint service providers. Verizon Wireless will be left waiting.
More From Popular Mechanics
The most noteworthy feature is the new OS. KitKat, originally monikered Key Lime Pie, is Android's latest operating system, which adds new bells and whistles to the already-impressive OS. Android also designed KitKat to work with lower market devices like phones from manufacturers such as ZTE, which often have to revert to older iterations (2.3 Gingerbread) to comply with their device's low-memory restrictions. "With KitKat, we've slimmed down Android's memory footprint by doing things like removing unnecessary background services like Chrome and YouTube," Google said in a press release, estimating that this move will put KitKat in the hands of the next billion smartphone users. However, it will be up to the manufacturers whether updates for these devices will be available.
Android 4.4 also puts Google Now at your fingertips with just a swipe of a button, and the Phone app can search across contacts, nearby locations, or other Google App accounts, according to the press release. KitKat also supports new sensors like a geomagnetic rotation vector and step detector, possibly to ready the OS for the wearable technology future.
The Nexus 5 is on sale now through the Google Play store and will be in stock soon at Best Buy, Amazon, and RadioShack. The new OS will also be available for the Nexus 4, 7, 10, the Samsung Galaxy S4, and HTC One Google Play edition devices within weeks.
Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. You can find his previous stuff at Gizmodo and Paste if you look hard enough.


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May 11, 2022 – Today at Google I/O, the company’s annual developer conference, Google announced its new ARCore Geospatial API on Android and iOS. The new API will enable developers to create immersive experiences in real world locations in 87 countries, without having to be there.
ARCore is Google’s platform for building augmented reality (AR) experiences. Using different APIs (application programming interfaces), ARCore enables phones to sense their environment, understand the world and interact with information.
Google stated that developers have been asking for the ability to create applications that can scale across the world, which would require easy access to a 3D model that is always up to date, machine readable and optimized for location. The new API now makes this possible, according to the company.
Jeanine Banks, VP & General Manager, Developer X & Head of Developer Relations at Google, said: “This launch opens up access to nearly 15 years of Google’s experience through Google Maps with an API that combines billions of images and our visual positioning service. Users will be able to interact with AR content at many more places, creating opportunities for apps to be more informative, engaging and delightful.” She added, “With ARCore Geospatial API, the planet is literally your canvas.”
Google also announced that it is releasing ‘Balloon Pop’, an open source AR demo that gives developers an easy way to get started with the API.
Google stated that it has been working with partners like the NBA, Snap, Lyft, NTT Docomo, and more to explore and build applications for different industries, including education, entertainment and utility. Now, with the new ARCore Geospatial API, developers will be able to create AR experiences for a range of different industries and use cases and deploy them to where their users are across the world.
Commenting on the new API, Melissa Brenner, EVP of Digital Media, NBA, said: “The ARCore Geospatial API is a game changer for building novel AR experiences for fans around the world.”
Image credit: Google / YouTube
About the author
Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past seven years.


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Estonia-based transportation firm, Taxify has today announced it’s re-branding to ‘Bolt’. Earlier on rumors stated the company was re-branding as ‘Rider’, but the company came out to deny the rumors.
It happens that Bolt is the same name that the company has been using for its new electric scooter service, to double down on providing multiple transportation options beyond private cars.
According to Bolt, the update brings the brand identity in line with its broader vision of transportation that has already expanded from cabs and motorbikes, to now scooter sharing.
Bolt today becomes the first ride-hailing company to bring ride-hailing and scooter sharing and is currently working on expanding the scooter sharing service across a number of European and African cities were it operates.
Bolt operates in 30 countries globally with over 25 million users. Making a key shift in its business today as it gears up for its next stage of growth.
CEO and co-founder Markus Villig said, the rebrand from Taxify to Bolt is serving a few purposes. Tapping the basic meanings of “bolt”, the new name implies speed, as well as electricity.
Julian Byamugisha, Country Manager for Uganda at Bolt said given the company’s ambition to solve transportation problems on an increasingly broader scale, they want the brand to reflect the company’s future rather than the past.
“Our new name ‘Bolt’ stands for fast, effortless movement — exactly what the experience of getting around in a city should be, be it by car, scooter or public transport. It also underscores our belief that the future of transportation will be electric,” said Julian.


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By William Atkinson
Private clouds are the most popular cloud deployment model, according to the new 2013 Cloud Computing Survey conducted by Palmer Research and QuinStreet Enterprise. Also, software as a service (SaaS) is the most popular form of cloud computing service used by the respondents, besting both infrastructure as a service (IaaS) and platform as a service (PaaS).
The survey is based on reports from nearly 350 IT professionals and executives who are involved in the cloud computing purchase process. The full survey is available here.
It found that 65 percent of respondents use or plan to use a private cloud. Forty-six percent of respondents use or plan to use a public cloud, and 19 percent use or plan to use a hybrid cloud. In addition, the private cloud seems to be growing at twice the pace of public and hybrid clouds.
Two reasons for the popularity of private clouds are security and privacy. That is, despite the best efforts of cloud computing vendors, and increasing adoption of cloud computing in recent years, concerns about security (mentioned as “extremely or very inhibiting” by 70 percent of respondents), privacy (69 percent), uptime (62 percent), and control of data (61 percent) remain the most likely inhibitors to adopting cloud computing services and applications.
In terms of types of cloud computing services, software as a service (SaaS) is the most popular form of service used by the respondents, with 78 percent of them using or planning to use it. Infrastructure as a service (IaaS) is second, with 60 percent of respondents either using or planning to use it. And platform as a service (PaaS) is a third, being used by 24 percent of respondents, but with more than one-third say they are planning to use it in the future.
While SaaS is more than a decade old, and IaaS and PaaS are much newer, adoption of IaaS and PaaS is picking up quickly, with as many respondents planning to use them in the future as are planning to use SaaS.
The most surprising result is the growth rate of the private cloud and how this relates to the security and privacy concerns that have continued to exist for some time, says Mike Pastore, director of custom content for QuinStreet Enterprise and author of the cloud report. “When you look at the top players in the public cloud, such as Microsoft, Amazon and Google, these are large and powerful consumer names,” Pastore notes. “I would guess that most IT decision-makers trust their personal information to most or all of these companies. Yet, when it comes to business data and customer information, they see too much risk there.”
One of the most important takeaways from the survey, says Pastore, relates to the popularity of the different cloud services. “Whether you’re talking about SaaS, IaaS, or PaaS, people are looking for scalability and cost savings,” he says. “When you look at the growth rates, especially for IaaS and PaaS, you can probably infer that people are able to reap these benefits with these services. People wouldn’t be planning these deployments if they were failing.”
Overall, the survey demonstrates that cloud computing is working for most businesses, says Pastore, by “helping them save money and scale their IT infrastructures.”


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Only a few days after BMW Group unveiled its VISION NEXT100 trio of concept cars - for Mini, BMW and Rolls-Royce - it's taking a bold step in the direction of fully-autonomous vehicles. Intel and Mobileye will collaborate with BMW for an autonomous production vehicle ready for sale by 2021.
The new car, called the iNEXT, will be the next step in BMW's driver assistive technologies. While the goal is a full level 5 (driverless) vehicle, the iNEXT would also go through the other stages of automated driving from semi- to fully-autonomous.
"Today marks an important milestone for the automotive industry as we enter a world of new mobility," said Mobileye Co-Founder, Chairman and CTO Professor Amnon Shashua. "Together with BMW Group and Intel, Mobileye is laying the groundwork for the technology of future mobility that enables fully autonomous driving to become a reality within the next few years."
While the new technology will be fully autonomous, BMW has already stated that their cars will always feature a self driving mode, called 'Boost', for those who still desire the Ultimate Driving Machine. However, that driving machine will still be full of driver assists.
"Highly autonomous cars and everything they connect to will require powerful and reliable electronic brains to make them smart enough to navigate traffic and avoid accidents," said Intel CEO Brian Krzanich. "This partnership between BMW Group, Intel and Mobileye will help us to quickly deliver on our vision to reinvent the driving experience. We bring a broad set of in-vehicle and cloud computing, connectivity, safety and security, and machine-learning assets to this collaboration enabling a truly end-to-end solution."
Intel will be providing a slew of connectivity and internal tech, such as the system's processors, while Mobileye will be providing much of the sensing capabilities of the prospective autonomous vehicle. The Mobileye Road Experience Management (REM) system and their EyeQ5 system-on-chip sensing system will be utilized in the iNEXT.
Highly Automated Driving (HAD) testing is slated to begin in 2017. This isn't the first time that BMW suggested that future Ultimate Driving Machines would be fully-autonomous, but it is their first foray into fully-autonomous vehicles.
- The 2017 Mercedes-Benz E300 challenges Tesla's Autopilot with Drive Pilot


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VIEW ARTICLE FROM: VUTIVI BUSINESS NEWS
Lebone Litho Printers puts its money where its mouth when it comes to empowering small black owned businesses and offers generous terms of support including financial assistance, mentorship and network of opportunities.
The company’s passion to empower small businesses stems from its founder and CEO Keith Michael.
“We are a medium sized company and we are proud to be able to assist small black owned businesses, especially black women owned businesses” Michael told Vutivi News.
The company has on its database a total of 52 SMMEs from which it procures a full spectrum of services that it requires. These range from sourcing printing paper through agents rather than directly from big players such as Sappi and Mondi, to technical services from independent technicians for maintaining their machinery as well as independent contractors for distribution and delivery of their clients printed work.
Lebone Litho spends about R 70 million on black owned businesses per annum, which represents about 30% of its procurement spend. What is even more remarkable is the level of support Lebone Litho offers to its suppliers.
Michael says the company offers support in the form of financial assistance through prepayment for services, upfront deposit payment for a portion of a contract and payment within seven days of delivery. Such assistance can help a small start up service a relatively large contracts or enable an independent contractor source an expensive, imported part.
The company also offers off take agreements, which enable a supplier company to access finance from a bank and other financiers. Michael says his company has in some instances offered loans at prime plus 1%, which is more favourable than banks.
Michael says South Africa has to develop a culture of entrepreneurship- a process which starts with mentorship and support of the family structures, as entrepreneurs need support. SMMEs can also then be grown through support from both government and corporate spending, but this requires commitment and practices like consistent, timely payments.
Michael says he has seen entrepreneur struggles, especially in places like Eastern and Northern Cape as well as Limpopo, where opportunities and resources are limited. Michaels invests in companies, while mentoring and partnering their owners. He then exits the investments once the companies are established. He can point to at least three companies which have grown to be multi-million-rand enterprises.
Michael says while government owned entities like Eskom are good at supporting small business through instruments such as off take agreements, South African corporates, who have supported his printing business over the year, can also do more, except they are dictated to by boards and tend to be driven by the need to maximise profit, which limits what they are able to do.


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Apple, Inc. stock closes at $533, highest point since start of 2013
Apple stock closed up nearly 2 percent today, reaching $533.40 for the highest close since the first days of January.
The company's stock is now up slightly from the beginning of 2013 for the first time since plunging $100 per share in January and remaining in the low $400s throughout most of the spring and summer.
Apple took advantage of its acutely low stock price in a buyback program that floated a bond offering to buy back 47 million shares.
The 36 million shares Apple bought back in the June quarter at an average of $444 per share would now cost an additional $3.2 billion to acquire again at the current price.


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Latest research underlines the impact remote models are having on the UK PR industry. According to a survey of agency CEOs by The Pulse Business commissioned by PR agency Tyto, the majority (54%) now expect over half of roles to be filled by remote workers, with almost a third (27%) expecting over three-quarters of roles to be filled by remote workers. One in three CEOs (33%) believe more than 25% of roles could be filled by overseas workers. The vast majority of agency CEOs (83%) expect a decentralisation of the PR industry away from London.
Brendon Craigie, CEO of Tyto, which is an agency that built its operating model around remote working, says: “I believe we are witnessing the start of the greatest shift in staffing models the PR industry has experienced in the past 50 years. Remote work is transforming the agency landscape by opening new possibilities for agencies, employees and clients. Agencies can now draw talent from across the globe, employees can choose where to live without compromising their career ambitions, and the conditions are being created for us to build a far more inclusive industry. This in turn is creating the conditions for exciting new client service models that bring clients closer to their target audiences than ever before.”
The boom in remote work is not only changing working patterns it has also fuelled billions of dollars of investment in new technologies and tools which is creating a business opportunity for UK agencies. This is having a knock-on impact on agency revenues with one in three CEOs (31%) saying that the remote economy has driven at least 25% of revenues over the past 12 months, and 14% of CEOs reporting it has driven more than 50% of revenues.
Craigie concludes: “What started as a temporary adjustment to life in a pandemic economy, has changed the outlook of agency leaders and suggests that over the next five years we will see a decentralisation of the agency business. Agencies that are well positioned to seize the hiring and growth opportunities from the remote economy will be sure to prosper as the world has changed now and the old ways of office-based working models are soon to be a thing of the past.”
The survey findings are based upon a poll between 10-20 September 2021 from a section of The Pulse Business’ Communications Leaders Index which provides a representative view of 350 UK Agency CEOs and board directors.
Written by Imogen Osborne, founder of The Pulse Business
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Earlier today, Reuters published a report going over the numbers of GM's (NYS: GM) Chevy Volt, and positing that selling them is not good for the company's bottom line. "Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts," stated the article.
With more than 100 comments and 5,000 Facebook recommendations on reuters.com, the story has piled on in a big way to Volt's already tarnished reputation.
GM fired back in a press release, taking particular issue with how Reuters calculated loss per unit. Reuters allocated product development costs across the number of Volts sold instead of across the number that will be sold across the lifetime of the program, wrote GM.
GM also pointed out that the Chevy Volt is part of a larger research initiative to bolster the corporation's electric vehicle technology, research that will ultimately benefit the company as a whole.
GM can't definitively know whether the Volt will or won't pay off in the long run, but the company is attempting to stress that Reuters can't, either.
The article GM Says Volt Is Long-Term Investment originally appeared on Fool.com.
Fool contributorJustin Loiseauowns none of these stocks. You can follow him on Twitter,@TMFJLo, and on Motley Fool CAPS,@TMFJLo.Motley Fool newsletter serviceshave recommended buying shares of General Motors. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.
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Delhi-based Rage Coffee has launched an out-of-home (OOH) campaign in New Delhi/NCR for two months, promoting its packaged coffee products. The campaign features Virat Kohli, the brand ambassador of Rage Coffee and a well-known cricket star in India.
The campaign is divided into two phases, with the first cycle highlighting Kohli holding the brand new coffee jars that were designed and manufactured in India. The second phase emphasizes the stylish and vibrant jars with quirky messages. The glass jars are 100% sustainable and carry a unique design that ensures a unique brand position for Rage in its category.
The campaign will run for 60 days and will be displayed at prominent locations in Delhi/NCR, including MG Road, Dhaula Kuan Ring Road, Delhi-Noida circuit, and Greater Kailash. The campaign’s main aim is to increase Rage Coffee’s brand visibility by merging its unique selling proposition (USP) and the benefits it offers to the on-the-go audience demographic.
Rage Coffee’s new jars have been a dream for over a year, with the company aiming to create an iconic and sustainable product to ignite a new revolution in glass making, especially in India. The company’s passion and perseverance have paid off, and they are proud to present the all-new Rage Jars, designed and manufactured in India.
Taking it up to LinkedIn, Bharat Sethi, Founder, and CEO of Rage Coffe posted:
What greater glory there is in life than rising up to be better and stronger, every time you fall!
We partnered with Virat Kohli at a time when most thought his career was over. Most couldn’t predict the success and greatness he was going after. I have been fortunate to see his rise in the last one year up close! Nobody embodies Rage Coffee better than Virat Kohli.
He is the G.O.A.T. He came from nothing and shook the sporting world with his raw talent and desire to win. His legacy will live on forever, people around the world will enjoy his art for years, the thrill and the experience of seeing him play will live on forever, the delight factor will always make people happy.
This is also the story of Rage Coffee
To celebrate King Kohli’s test century, we painted the city with these billboards
The use of Kohli, a well-known celebrity in India, as the face of the brand will likely attract more attention and increase brand recall. The campaign’s two-phase approach also ensures that the brand’s message is conveyed effectively to the target audience.
The strategic placement of the campaign in prominent locations in Delhi/NCR will also help to increase brand visibility and awareness among potential customers.
The campaign’s two-phase approach and strategic placement in prominent locations in Delhi/NCR will help the company reach its target audience and potentially attract more customers to its innovative packaged coffee products.
Commenting on the campaign, Bharat Sethi, Founder, and CEO of Rage Coffee said, “At the heart of our corporate identity lies a brand that has been made by the community of Ragers. Our media marketing mix has been underpinned by creativity and meticulous planning to create a brand that’s easily relatable for the everyday coffee lover.
With Virat Kohli leading the charge and positive responses coming in quickly in our OOH campaigns, we are off to a great start. We hope to get the attention of many new Ragers through the campaign and get them on board as we continue the journey with originality and innovation.”


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I’ve provided statistics about online video growth before on the Newstex blog, but this week, there is a new report out The Nielsen Company that provides more proof that online video is getting more popular all the time.
According to Nielsen’s research, which tracked online online Web use since 2003, video viewership surpassed Web mail use (websites that provide web-based email services such as Hotmail, Yahoo! Mail, and so on) back in 2007!
More specifically, the number of online video viewers has grown by 339% since 2003 ,and the amount of time people spend on websites that offer video grew by nearly 2000% during the same timeframe.
What do these new statistics tells us?
They reinforce the fact that the online video viewing trend shows no signs of slowing down. People are actively looking for, viewing, sharing and talking about online videos from a wide variety of sources. And one thing is for certain — online video content presents a big opportunity for those who jump on board soon!
If you create online video content, consider boosting your exposure and your earnings by syndicating through Newstex Video On Demand.


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At FINCA, our commitment to empowering entrepreneurs takes various forms, including participating in platforms that amplify knowledge, insights, and guidance. Recently, our Savings Manager Mulenga Chembo and Marketing Manager Donnaliya Ng’andu had the privilege of
FINCA was one of the microfinance institutions that marked a remarkable presence at the prestigious 95th Agricultural and Commercial Show. The event was graced by the esteemed presence of His Excellency President Hakainde Hichilema, underscoring
The Ministry of Finance and National Planning of the Zambian Government hosted a delegation from the Malawian government from their Central Bank and Ministry of Finance for a peer learning visit on the implementation of
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The biggest tax reform in India GST is all set to favor the need of the taxpayers in the country from 1st of July 2017. The major reform is undoubtedly going to affect the taxpayers for all the services they will be buying after 1st of July 2017. The goods and services tax which is popularly known as GST has several rounds of discussions. The latest reports that are coming from the finance ministry now defines as what are the services that are going to be affected much by this new tax slab. Earlier there were many different taxes that were imposed on the buyer for buying different product and services, now the government has decided to replace it all with a single tax known as Goods and Services Tax.
The latest briefing for the GST is as follows; as earlier education and healthcare sector will be continued to be exempted from taxes whereas telecom sector, business class air travel, insurance and sale of newspaper space for advertisement charges will go up after the imposition of GST. Coming to the transport section, the services will be taxed at the rate of 5 percent, which will witness to a small drop of a percent which was earlier 6. Along with this non-AC train travel, including in local trains and metro, as well as religious travel including Haj Yatra will remain exempted from GST. The tax will be applied at the rate of 5% to cab aggregators like Uber and Ola. The telecom industry is going to witness the biggest change by GST implementation. The non-AC restaurants will charge 12 per cent GST on the food bill.
The tax rate for AC restaurants and those with a liquor license will be 18 per cent, while 5-star hotels will charge 28 per cent GST. GST is also going to affect the hotel stay charges, those charging per day tariff of Rs 1,000 will be exempt from GST. The rate for hotels with a tariff of Rs 1,000 to Rs 2,000 per day would be 12 percent, while those with Rs 2,500 to Rs 5,000 would be 18 per cent, whereas GST for hotels with tariff above Rs 5,000 will be 28 per cent. So, these are few of the services that are going to be affected by GST implementation much. Now, let’s see how GST implementation is going to affect the country’s economy.
Slohia.com is a renowned Chartered Accountants Firm headquartered in New Delhi, the national capital city of India. This firm has been established by a group of young, dynamic, highly-skilled, enthusiastic, and motivated professionals. It is providing its clients a full range of services including income tax services, NRI tax services, India business advisory services, investment consultancy services, financial consultancy services, corporate law matter services, and many more.[“Source-ndtv”]


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SPAIN – EIBTM reveals the top innovations
EIBTM, the global event for the meetings and events industry, is set to showcase a selection of the top innovations, set to impact the meetings industry.
The exclusive feature will be showcased as part of the new interactive Innovation Zone at EIBTM 2013, taking place 19-21 November in the Fira Gran Via, Barcelona.
The EIBTM Innovation Zone is dedicated towards providing an educational, inspirational and interactive experience for all EIBTM attendees who will have the opportunity to discover, play and experience the top innovations set to impact and revolutionise the industry. Included in the latest innovations is COVR’s ‘cmWalkTrue’ which is a tool that has been created for virtual exhibitions based on 360° photography, using real-life images taken onsite in a Google Street ViewTM –like environment. Visitors will be able to digitally visit the virtualised version of the EIBTM Innovation Zone and envision how cmWalkTrue can be used to virtualise full exhibitions or venues for online representation.
Another of the meetings industry’s top innovations is Eventisimo’s ‘Sunflower Graphic’ which is the ultimate interactive virtual experience. It is the unification of the digital and physical world, mixing high-quality software-generated content with live surroundings, and allowing the user to interact with virtual world by moving his body.
Embraceled Interactions BV, offers event planning/production companies an innovative RF bracelet solution that significantly enhances the in-person event experience offering a more engaging and immersive event, and enabling online interactions to happen in an offline world. These bracelets light up different colours, allowing participants to discover people with similar interests, submit a vote or receive information from the organisers.
Another top innovation will be Beabloo’s facial recognition software which detects facial interaction to determine a number of factors that contribute to ROI at exhibitions, such as the demographics of the visitors that walked past, their age and gender, how long they remained at the stand for, and repetition rate. Attendees will have the opportunity to see the Wifi Analytics sensors, the Video Analytics sensors and the Digital Marketing solution in action, which continuously adjust their content depending upon the audience.
Topi will be conducting a live demonstration of its mobile solution that focuses on optimising interactions among event participants, in addition to providing seamless access to the event essentials such as profiles searches, interest-based group chats, private conversations, and rich conversations (which allow to even share sketches and audio messages), full social network integration, amongst many other unique features. Acciona Producciones y Diseño are also set to showcase ‘Video Mapping’, a new audiovisual concept for projecting images – both video and graphics – onto real surfaces, making it possible to transform a passive structure, such as the front of a building, into an optical illusion with motion effects, which result in a strong sense of realism and volume. Acciona has already produced video mapping installations at iconic places such as Trafalgar Square, London, where they did a project for the UEFA earlier this year.
Another meetings industry innovator that is changing the industry is ‘Crowd Reactive’ who are working with events across the globe, enabling them to maximise social media content that attendees create on social media using a live slideshow at the event, as well as web widgets, live printing and photo props. EIBTM attendees will be able to take a photo and immediately see it displayed on the live screen, simply by tagging it with #IZONE13 Finally, Kisikura will be inviting EIBTM attendees to take a moment to relax and revitalise their body, on their specialist, branded oxygen chair.


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In the first half of 2019 alone, the Department of Economic Development has issued over 362 Trade licences to over 696 Chinese entrepreneurs. Indicating the keen interest of Chinese business owners in the intensely competitive markets of the UAE, including Dubai.
Over 10% of the UAE’s population consists of Chinese nationals, which very clearly affirms that Dubai is the focal point of investment and a choice destination for Business setup for Chinese entrepreneurs.
What Drives and Motivates Chinese Entrepreneurs and Investors to Set up a Business in Dubai:
Let us now examine at length what makes the Middle Eastern region attractive to Chinese entrepreneurs for setting up a business in Dubai.
UAE-China’s Economic Corporation under One Belt One Road Initiative:
China shocked the world when they announced the One Belt One Road Initiative back in 2013. This initiative connects over 138 countries across three continents and is estimated to generate a profit of $29 Trillion! And the UAE is an essential part of it.
UAE and China are actively promoting the Belt and Road Initiative (the BRI) as they both have vested interest in it. The UAE is acting as a gateway for Chinese investors by creating investment opportunities for them. By giving them a stepping stone to increase their cooperation throughout the entire Middle Eastern region and the Gulf.
UAE has announced inward investment to Dubai of $ 3.4 billion at a BRI forum held in Beijing in April 2019. Several joint ventures are in the pipeline as a direct result of the BRI initiative.
China has signed two deals with the UAE as a part of the BRI.
That includes an investment of $2.4 billion by a wholesale company Yiwo. The company will build a logistics station near the Expo 2020 site, to store and ship Chinese goods worldwide through the Jebel Ali Port located in the Jebel Ali Free Zone.
The other deal entailed a $1 billion investment in the food sector specifically the installation of a manufacturing and processing plant called “the Vegetable Basket” that will import, package and export agricultural and farm produce to the world.
UAE set to play a Big Role in China’s Silk Road Project:
China and The UAE partnered up recently. They signed a Memorandum of Understanding (MoU) for cooperation on the 21st Maritime Silk Initiative and the Silk Road Project to boost investment and trade in the region.
China has already proved its presence in the UAE, especially in Al-Maktoum airport for the transport of goods to other parts of the area. It is reported that 22% of Arab-Chinese Trade moves through the UAE, and thirty percent of China’s entire export of the Middle East and the rest of the Arab world passes the UAE.
All of these benefits make the UAE an appealing region for business setup in Dubai for the Chinese entrepreneurs.
Rising Investment in the UAE Real Estate by the Chinese Nationals:
Chinese entrepreneurs and business owners have shown a keen interest in the UAE Real Estate. The Chinese investment has risen to a whopping sixty-four per cent in the fiscal year 2016-17. And it is predicted to increase to seventy per cent in 2019.
Since the real estate prices in China are sky-high, UAE’s real estate in comparison is more economical and affordable.
Furthermore, the taxation policies, low rent and hundred per cent ownership to foreigners make the real estate market attractive to the Chinese nationals.
To provide ease in doing business in Dubai, the Dubai Land Department (DLD) has opened its representative offices in China.
This move has allowed the Chinese investors to invest 1.6 billion Dirhams in UAE in the first nine months of 2018. The DLD plans to increase inward investment from China by 1 billion Dirhams in 2019.
Suggested Read: Why You Should Invest in Real Estate Sector in Dubai?
Stronger Diplomatic and Trade Ties Between China and the UAE:
China and The UAE share strong Trade ties, with China accounting for its 9.7 percent of non- oil trade in 2018. Moreover, the current value of China-UAE Trade is valued at 43 billion US Dollars, which is expected to exceed 70 billion US Dollars by 2019.
China’s trade with Dubai and other seven Emirates of the UAE is set to grow by nine to ten per cent annually until 2030. China is the UAE’s leading source of imports in 2018 constituting 15% of its total imports, estimated at 38 billion US Dollars.
The UAE is a global market that is now a hub of all business activities. Due to its strategic location, it has become a gateway to the Middle East, Africa, Europe and Asia. That is making the UAE a prime destination for Chinese entrepreneurs.
In 2013-17 the trade between China and the UAE increased by 22%, which primarily was import-export and almost sixty per cent of that is re-exported to Africa and Europe. Thus, proving mutually beneficial for both countries.
To further promote inward investment by Chinese entrepreneurs, the UAE government has announced various Visa benefits. In 2017, the two countries introduced reciprocal visa-on-arrival.
This manoeuvre has proven to be a success, with over 1.1 million Chinese visitors visiting the UAE, especially Dubai, in 2018. The UAE tourism authority revealed that almost 11 % increase in Chinese visitors was recorded in the first six months of 2019. China was the UAE’s fourth-largest market for tourism, with over half a million tourists staying in Dubai. It is estimated that by 2020 25 million visitors (tourists and entrepreneurs) from China will arrive in the UAE.
The Chinese entrepreneurs are taking complete advantage of the mutual visa exemption arrangement, and are arriving in record numbers in Dubai to launch their business.
If you are a Chinese national and are looking to start a business in Dubai, then now is the time to do it!
To instantly launch a business setup in Dubai, KWS Middle East will assist you in your quest. Our company formation experts will offer you suitable solutions so that you can start your business successfully.
Contact Us and book our commitment-free consultation call with our team today!


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Just before Finland hosted its first-ever Summer Olympic games in 1952, the country’s government unveiled what it had been diligently working on behind the scenes to celebrate the international festivities—a mixed drink.
Known as the long drink, this top secret combination of grapefruit soda and gin was created by the Finnish state to be served at Helsinki bars and restaurants during the Olympic competition. It was easy-drinking, refreshing, and could be quickly premixed prior to hectic shifts so establishments could better handle the massive influx of customers.
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Flash forward to 2021 and Central Ohioans don’t need to embark on a Nordic adventure to try the refreshing beverage—it’s already here.
The Finnish Long Drink, a company based in Finland, has brought the exotic libation to Ohio, hoping long drink catches on in the states like it did in its home country.
“In Finland, we grew up drinking long drink,” said owner of the Finnish Long Drink Ere Partanen. “If you go to any grocery store in Finland, there’s an aisle for beer, one for wine, and another for long drink. There are probably 30 different brands.”
But there’s only one brand available in Ohio and you can find it in a number locations throughout Columbus, including Giant Eagle supermarkets, gas stations, and a variety of bottle shops and liquor stores.
And while the most popular Finnish Long Drink product remains their Traditional flavor (5.5% ABV) modeled after the Finnish government’s mid-century recipe, the company also offers several other unique riffs on the drink. These include the sugar-free and low-calorie Long Drink Zero (5% ABV), Long Drink Cranberry (5.5% ABV), and the robust Long Drink Strong (8.5% ABV), which incorporates another Finnish tradition.
“In Finland, people will sometimes pour a shot of alcohol into their long drink, and that’s sort of what we’re trying to recreate with Long Drink Strong.”
But no matter which variety Ohioans opt for, long drink is likely to continue growing its list of supporters here in the states. Bright, effervescent, and refreshing, the combination of subtle citrus with the piney tang of gin is a winning combination; one that quietly recalls the brushy pines of Finland with every sip.
And for Partanen, it’s this aspect of cultural exchange that makes the drink’s sale in the United States, or any other country, for that matter, so special, and so uniquely satisfying.
“It’s a little bit like being a brand ambassador, but for an entire country,” he said. “It lets me share my country, my home, with the rest of the world. And we’re proud of it.”
Learn more and see where to buy the Long Drink in Ohio at thelongdrink.com.
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