Pinduoduo's founder and CEO, and ex-Googler, Colin Huang (also known as 40 year old Huang Zheng), has overtaken Jack Ma as China's second richest man, with a net worth of $45bn. Tencent's Ma Huateng is first with $52bn net worth. Pinduoduo is listed on NASDAQ:PDD.
Thursday, 25 June 2020
Monday, 22 June 2020
UK's Most Westerly Port (Foyle Port) Entices Data Center Investment
Foyle Port, the adopted name for Londonderry Port in Northern Ireland, which has a deepwater facility and is the UK's most westerly port, has granted planning permission for a new data center to create hundreds of jobs. This will be constructed by Atlantic Hub (Director: Brian Doherty), funded largely by Di-squared (Digital Infrastructure Investment) who invest in data centers, recovery sites and mobile network towers across Europe ("data infrastructure as an asset class"). Paul Clancy, head of Londonderry Chamber of Commerce, described the investment as "transformative".
Thursday, 18 June 2020
Ernst and Young unable to locate $2.1bn of cash in German Wirecard
The $2.1bn corresponds to 1.9 billion euros. Shares of the Munich-based company (Germany's largest fintech) dropped 62%. Its financial statements release due June 18th has been postponed.
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