China has started one of the biggest real-world trials for its digital currency as it pushes closer toward creating a cashless future. Last week, the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency. Nearly 2 million people applied and […] Read more
China — China’s technology giants — like their U.S. counterparts — have seen business thrive during the coronavirus pandemic. But the tech industry is at a crossroads, facing an uncertain economic and geopolitical environment. China’s gradual though uneven economic recovery, Beijing’s focus on domestic consumption, and the digital trends that have been accelerated by Covid-19 are […] Read more
Walmart and Microsoft might seem like an unlikely partnership to acquire TikTok’s U.S. assets, but until very recently the retailer had other plans. Before teaming up with Microsoft in recent days, Walmart was part of a consortium put together by SoftBank Chief Operating Officer Marcelo Claure, which also included Google parent company Alphabet, according to people familiar with the matter. SoftBank’s Claure […] Read more
Figuring out how existing technology is going to shape the future of the market is imperative in improving your decision-making skills during the development process of an eCommerce Mobile App. Advice from an eCommerce mobile app development company guides you to understand the way you can impart instinctive mobile app experience to your users. It […] Read more
Britain is set to phase out Huawei equipment from its 5G mobile networks this year, the U.K. press reported over the weekend. If so, it marks a major U-turn in the government’s position on the Chinese telecommunications giant. The government is drawing up plans to strip Huawei gear from Britain’s next-generation networks by the end […] Read more
TikTok owner ByteDance made a net profit of $3 billion last year, according to a report from Bloomberg on Wednesday that cited people familiar with the matter. The fast-growing company more than doubled its revenue from $7.4 billion in 2018 to $17 billion in 2019, according to the report, which states that it also has a […] Read more
Britain’s media regulator Ofcom has been chosen by the government to crack down on social media companies over how they deal with harmful content. The watchdog will be handed new powers by London, allowing it to impose a “duty of care” on technology giants like Facebook, Google and Twitter to ensure they take a proactive […] Read more
The Chinese tech giant has expressed its support for Meng. Photo: AP The Canadian extradition proceedings of Huawei Technologies former chief financial officer Meng Wanzhou hinge on allegations she made a fraudulent presentation to HSBC in 2013 over the technology giant’s business ties in Iran, but recently revealed documents show the bank had been aware […] Read more
China is the world’s largest manufacturer and consumer market for cars. Photo: Xinhua Beijing is aiming to boost exports of China-made foreign vehicles in coming years as domestic car sales slump and restrictions on overseas firms are loosened, according to a government report. Manufacturers like Ford Motors, GM, BMW and Honda are expected to expand […] Read more
Chinese consumers are cooling on the iPhone, according to a new report by Credit Suisse analysts. iPhone shipments in China dropped 35.4% in November compared to the same time last year, the analysts wrote in a note Thursday, despite a slight increase in the Chinese smartphone market at the same time. The analysts said Chinese […] Read more
