News

Archive for July, 2021

Dates : July 2021

AlJammaz Technologies signs distribution agreement with Hewlett Packard Enterprise

July 29, 2021
AlJammaz Technologies, the leading value-added technology distributor and cloud aggregator in Saudi, GCC and the Middle East, announced that it signed a distribution agreement with Hewlett Packard Enterprise (HPE) for Saudi Arabia. With this partnership, AlJammaz Technologies is authorised to distribute Innovative edge-to-cloud solutions from across the HPE portfolio, including Compute, Storage, Software and Intelligent Edge. AlJammaz will also offer solutions as-a-service via the HPE GreenLake edge-to-cloud platform, as well as a wide range of networking solutions from Aruba.
CDPI Emerging Markets

PropertyGuru to go public in US through US$1.78bn SPAC merger

July 29, 2021
PropertyGuru is merging with special purpose acquisition company (SPAC) Bridgetown 2 Holdings, to go public on the New York Stock Exchange. The combined company will have an enterprise value of about US$1.35 billion and an equity value of approximately US$1.78 billion at closing. PropertyGuru, backed by KKR, TPG Capital and REA Group, will retain over 70% ownership of the listed company. At the same time, KKR, TPG Group and REA Group will roll 100% of their equity into the combined company.
CDPI Emerging Markets

China launches campaign to clean up big tech and improve their employees’ welfare

July 29, 2021
China is continuing its crackdown on the country’s big tech by launching a national campaign that will address what it perceives as major issues in the digital industry. The country is also introducing guidelines for online platforms to ensure food delivery riders earn above the country’s minimum wage, are freed from unreasonable demands placed upon them by algorithms and have access to social security and a place in a union.
CDPI Emerging Markets