Tag: billion

Korean ‘Webtoons’ Firm Eyes $18 Billion Value from IPO

Andreas Milano April 12, 2021

Photographer: Michael Nagle/Bloomberg

Kakao Entertainment Corp. is considering New York as a venue for its planned float next year, the latest South Korean company to look into a U.S. initial public offering after e-commerce giant Coupang Inc.’s blockbuster listing in March.

Kakao Entertainment Chief Executive Lee Jinsoo said that while the focus is on a Korean listing, the company is also looking into New York where Coupang’s $4.6 billion float was the biggest U.S. initial public offering since Uber Technologies Inc.’s 2019 listing.

A float could value the digital comic and movie-making unit of South Korean mobile

Internet
billion, eyes, Firm, IPO, Korean, Webtoons

Advertisers spent $240 billion on mobile ads last year

Andreas Milano April 12, 2021

Digital advertising grew 8% last year, providing a lucrative market for brands, according to data by media research agency MAGNA

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With smartphone apps becoming a dynamic digital space, advertisers spent over $240 billion on mobile ads, according to app analytics firm App Annie.

The average time spent by users worldwide on smartphones was 4.2 hours a day in the first three months of 2021, up by 30% from the same period in 2019. India recorded the biggest surge as

Internet
ads, Advertisers, billion, mobile, Spent, year

Biden’s $180 Billion R&D Plan Prioritizes Key Areas Such As Chips, Quantum Computing

Andreas Milano April 12, 2021

An IBM quantum computer on display at the Consumer Electronics Show.

ASSOCIATED PRESS

As part of his recently unveiled $2 trillion infrastructure investment plan, President Joe Biden said his administration would commit $180 billion to “R&D and industries of the future.” Among the sectors earmarked for the money are advanced computing, which includes quantum computers, as well as semiconductor design and manufacturing.

These have become central to the U.S.’s technological rivalry with China, which sees quantum computing and specialized chips powering artificial intelligence applications as once-in-a-lifetime opportunities to leapfrog America in high tech innovation. Former Google CEO and billionaire Eric

Technology News
Areas, Bidens, billion, chips, computing, Key, plan, Prioritizes, Quantum

Ingenious Financial Announces Plan to Raise $10 Billion to Provide Technology to Unbanked and Underserved Communities | State

Andreas Milano April 8, 2021

ARLINGTON, Va., April 6, 2021 /PRNewswire/ — Executives at Ingenious Financial today announced plans to raise $10 billion in capital to invest in unbanked and underserved communities.

Darnell Parker, founder of Ingenious Financial, and Derek Taylor, Chief Operating Officer of Ingenious Financial, say the $10 billion will fund the capital disbursement towards the following four initiatives:

$4 billion for the financial institution and holding company
$5 billion for technology products, smartphones, and broadband service
$600 million to lease nationwide training facilities
$400 million to hire 500 employees nationwide to train how to use a smartphone and teach financial

Technology News
Announces, billion, Communities, Financial, Ingenious, plan, Provide, Raise, State, Technology, Unbanked, Underserved

PUBG Mobile Reports 1 Billion Accumulated Downloads Outside China Since 2018 Launch

Andreas Milano March 26, 2021

Chinese tech giant Tencent said on Thursday its cellphone action game PUBG Mobile has surpassed 1 billion accumulated downloads outside China, making it one of the most successful games worldwide.

PUBG Mobile, the mobile version of Playerunknown’s Battlegrounds, in which a group of players fight one another until only a single combatant is left alive, has been hugely popular since the so-called battle royale style game was launched three years ago.

The latest download figures would put it behind only Kiloo Games’ Subway Surfers and King Digital Entertainment’s Candy Crush Saga, both casual titles that are relatively easy to play

Gadget
Accumulated, billion, China, Downloads, Launch, mobile, PUBG, Reports

Comcast Commits to Investing $1 Billion Over Next 10 Years to Reach 50 Million Low-Income Americans With Tools and Resources to Succeed in Digital World | Business

Andreas Milano March 25, 2021

PHILADELPHIA–(BUSINESS WIRE)–Mar 24, 2021–

On the 10 th anniversary of its Internet Essentials program, Comcast today announced it would invest $1 billion over the next 10 years to help further close the digital divide and give even more low-income Americans the tools and resources they need to succeed in an increasingly digital world. The announcement coincides with the release of a 10-year Progress Report showing that, since 2011, the company, working in collaboration with its network of thousands of nonprofit partners, has connected a cumulative total of more than 10 million people in America to broadband Internet at home, the

Internet
Americans, billion, Business, Comcast, Commits, Digital, Investing, lowincome, million, Reach, resources, Succeed, Tools, world, Years