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Ant Group prepares for ‘biggest IPO in history’

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Ant Group, the online payments provider that could be described as the Asian equivalent of PayPal, is preparing for what some are predicting will be the biggest initial public offering in history.

Parent company Alibaba Group is set to float the company on the Hong Kong Stock exchange early next month, according to Reuters.

Ant’s Alipay app has more than 700 million users across Asia and processed $17 trillion in transactions in the 12 months to June this year, reports Bloomberg. [Read more…] about Ant Group prepares for ‘biggest IPO in history’

Understanding Swiss-Type Machining

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The CNC market is undergoing tremendous growth. One estimate shows that it will be worth $129 billion by the end of 2026.

A number of factors are contributing to the strong growth this industry is experiencing, but one of the biggest factors is the proliferation of new types of machining.

There is an entire segment of the industry known as Swiss type machining. This is a growing field that has attracted a lot of attention in recent years. [Read more…] about Understanding Swiss-Type Machining

ThyssenKrupp to provide 155 lifts and 22 escalators to Beijing airport base

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As the sole lift supplier to China Southern Airlines’ new Beijing airport base, Thyssenkrupp Elevator is to deliver 155 elevators and 22 escalators to Beijing Daxing Airport, which is currently under construction.

China Southern Airlines has moved to the new mega airport in the south of Beijing as part of its ‘two-hub’ strategy, alongside its current Guangzhou base.

The plans for the airport facilities were designed by architect Sir Norman Foster, while the hexagonal main terminal was designed by Zara Hadid Architects. At approximately 7.5 million sq. feet, it will be the largest terminal in the world.

[Read more…] about ThyssenKrupp to provide 155 lifts and 22 escalators to Beijing airport base

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