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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.
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.
Microsoft's TikTok bid spotlights Windows maker's history with China
Microsoft Corp has emerged as the most likely buyer of the US operations of TikTok, the popular Chinese short-video app that US President Donald Trump is preparing to effectively ban on national security grounds.
Tencent plays down WeChat ban after results beat estimates
Tencent Holdings Ltd tried to reassure investors that US President Donald Trump’s ban on its WeChat messaging service may apply only to its overseas operations, suggesting the impact on the world’s largest gaming corporation should be modest.
Musk wealth tops US$100bil as Bezos worth twice as much
Three of the world’s richest people have achieved staggering new levels of personal wealth.
Ele.me to give customers option to wait longer for food deliveries after backlash over risky conditions for riders
Many food delivery riders in China risk their lives to meet deadlines even under extreme weather conditions, according to a report that has gone viral. Ele.me says a new function will allow customers to indicate their willingness to wait up to 10 minutes more for deliveries, to reduce the rush for couriers.
Magic Leap tried to create an alternate reality – its founder was already in one
Reality finally set in for Rony Abovitz in May. The augmented reality headset that had been under development for nine years inside his company, Magic Leap Inc, had been a colossal flop.
China tech stocks seen as a better bet than under-fire US peers
Chinese Internet stocks will keep outperforming their US counterparts in the months ahead as regulatory challenges to America’s technology giants mount in Washington DC and Brussels, according to some investors.
Chinese social media apps held to same standards as e-commerce platforms under new draft regulation
Social media platforms with e-commerce functions should be held to the same regulations as e-commerce platforms, according to a new draft regulation. Livestreaming e-commerce is the fastest-growing area of China’s internet amid the pandemic, but its popularity is also attracting more regulatory scrutiny.
Opinion: Big Tech backlash means get ready for less free stuff
Governments around the world are taking major steps to clamp down on the anticompetitive practices of large technology companies. But the quest to rein in the power of these giants may have an unfortunate side effect for consumers: less free stuff.
