Alibaba appoints CFO Wu in charge of investment

Source: Dukascopy Bank SA
On Tuesday, China's Alibaba Group announced that Maggie Wu, its Chief Financial Officer, will be in charge of the company's strategic investments unit, succeeding Joe Tsai, the Executive Vice-Chairman, amid the group's major management reshuffle.
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Tue, 18 Jun 2019 09:53:16 GMT

Facebook goes into cryptocurrencies

On Tuesday, it was announced by Facebook that the company plans to launch its cryptocurrency, which is named Libra. Moreover, the social network will offer crypto wallets named Calibra.

Tue, 18 Jun 2019 08:39:34 GMT

VW to bolster in-house software development by 2025

On Tuesday, Volkswagen announced it would put 5K digital experts into its new Car.Software unit by 2025, as the German carmaker seeks to bolster the in-house software development to 60%, up from nearly 10% currently.

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