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China Resources to offload stake in Wal-Mart China for $525mn
China Resources SZITIC Trust Co Ltd, a unit of China Resources Corp, is planning to divest minority stake in Wal-Mart Stores Inc. The state-backed China Resources Trust has a minority stake in the US retailer's operations in China. Wal-Mart Stores Inc has 21 Wal-Mart outlets in China. China Resources has listed its stake for sale at Yuan3.3billion ($525million). It's estimated that China Resources has 35 percent stake in the Wal-Mart outlets in China. Wal-Mart believes the transfer of minority stake doesn't impact the operations in China.
Amazon rolls out new service: 'Amazon IoT'
Adding one more tool to the Internet of Things (IoT), Amazon Web Services (AWS) has announced the launch of 'Amazon IoT,' a new service from the online retailer.
Android 6.0 vs Android 5.0 Specs, Details, Review: Will Marshmallow be tastier than Lollipop on Android devices?
Android 6.0 Marshmallow is officially released on September 29, 2015 complete with all technical details and specifics about the OS in a recent Google-held event.
Microsoft Hololens Specs, Device Preview: Hololens Initially Exclusive to US and Canada Developers; Official Pricing and Commercial Release Indefinite
Microsoft releases technological milestone, the Microsoft Hololens, to developers and ushers in a brand new concept in digital innovation: holographic imagery. Official public release, including final pricing, is still far off.




