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(Reuters) -China's top e-commerce platform Alibaba Group Holding Ltd on Thursday posted its first quarterly operating loss since going public in 2014 due to a record anti-monopoly fine by the country's market regulator.
HONG KONG (Reuters) - DBS Group said on Friday its private banking arm has started offering trust services for cryptocurrencies, helping rich clients include the emerging asset class in their succession plans.
China’s Ministry of Foreign Affairs said that it does not employ trickery on social media.
The subsidiary of French insurance giant Axa was compromised by a ransomware attack, impacting its IT operations in Malaysia, Hong Kong, Thailand and the Philippines.
Hong Kong drug offenders get clearer view of options as new computer program scans thousands of cases to determine likely sentences
Created by the University of Hong Kong’s law and technology centre, the new system quickly compares decades of rulings against recent cases. It is hoped the new tool will be useful for lawyers and social workers often forced to rely on their own experience or research in guiding clients.
LONDON (Reuters) - This week's cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out.
China’s Internet watchdog said on May 21 it had found Bytedance’s Douyin, Microsoft Bing, LinkedIn and 102 other apps were engaged in improper collection and use of data and ordered them to fix the problem.
Beijing’s crackdown on its tech giants is fuelling a noticeable phenomenon: it’s opened the spending floodgates.
China’s factories are turning to automation to upgrade production lines, and at the same time prepare for fewer, higher-skilled workers. Chinese manufacturing companies like Midea have already embraced automation to sharply reduce the number of humans needed.
Bytedance founder Zhang Yiming, the brains behind TikTok, said he preferred “daydreaming” as he stepped down as head of his own firm last week. But his departure comes as several of China’s once-lauded tech entrepreneurs step aside under increasing scrutiny from a government concerned about their growing power and influence.