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Google to invest US$4.5bil in India’s Jio Platforms
Google has agreed to buy a US$4.5bil (RM19.18bil) stake in Jio Platforms Ltd, adding to a series of large US investments into an online venture that has nearly 400 million users in India.
Alibaba's UCWeb lays off India staff, Club Factory halts payments after app ban
Alibaba Group Holding Ltd's subsidiary UC Web is slashing staff in India after a ban on 59 Chinese-origin mobile apps that includes UC Web's browser and two other products.
China in renewed crackdown on app developers for overzealous collection of private data
The apps being tested include fintech product Gome Easecard and smart home app Midea Aircon Controller.
Opinion: SoftBank may not want Nvidia to bite off its Arm
Nvidia Corp has the money and motive to buy British chip designer Arm Ltd. But as much as Arm’s parent SoftBank Group Corp may be open to a transaction, this particular combination may not be its first choice.
Combative TikTok founder races to save app before Trump ban
Zhang Yiming is the little-known Chinese entrepreneur who built TikTok into one of the most promising franchises on the Internet. Now the brainy, combative founder is under pressure to save the business from Trump administration threats.
Alibaba Cloud helps Chinese students, foreign schools scale Great Firewall
China’s Alibaba Group Holding Ltd is seizing on a new business opportunity thrown up by the novel coronavirus: helping foreign universities skirt China’s stringent Internet controls to keep classes going for their mainland Chinese students.
ChinaJoy mega gaming event will go ahead, with face masks appearing alongside cosplay in 2020
Gaming giants including Tencent, Blizzard, Ubisoft and Epic Games will join ChinaJoy in Shanghai next week while Sony and Microsoft tap out. While Covid-19 has dealt a blow to ChinaJoy in terms of attendance, this year has actually been a boom year for video games.
Further Indian ban on Chinese games like PUBG Mobile unlikely to hurt companies much, experts say
Tencent’s PUBG Mobile, the top-grossing mobile game in India, escaped a recent ban of 59 Chinese apps in China. But even a further ban looming on the horizon is unlikely to be a major threat to most Chinese gaming companies, experts say.
Chinese AR startup Rokid eyes industrial applications after success with temperature-reading smart glasses
Shipments of Rokid Glass 1 soared between April and June, giving the company one of its biggest commercial successes since its foundation in 2014. In China, the AR and VR market is forecast to grow 66% year on year to US$4.09bil in 2020, according to IDC.
Urged on by central bank, China weighs antitrust probe into Alipay, WeChat Pay, sources say
China’s top antitrust agency is looking at whether to launch a probe into Alipay and WeChat Pay, prompted by the central bank which argues the digital payment giants have used their dominant positions to quash competition, sources with knowledge of the matter said.
