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US-China Tech war: TikToK, WeChat remain in Washington’s crosshairs after Biden revokes Trump’s orders
Joe Biden’s new executive order directed the US Commerce Department to assess, in the following six months, any apps associated with foreign adversariesThe department will provide recommendations of actions needed to address the risks found at the end of the assessment
The new data law is expected to provide a broad framework for future rules on Internet services, and to ring-fence, prise open and ease tracking of valuable data in the interests of national security.
CHINESE ride-hailing company Didi revealed a $1.6 billion (RM6.59bil) net loss for 2020 as it moves ahead with plans for a U.S. initial public offering.
NEW YORK: Didi Chuxing, China's biggest ride-hailing firm, on Thursday made public its filing for a U.S. stock market listing, setting the stage for what is expected to be the world's biggest initial public offering this year.
(Reuters) -Chinese ride-hailing firm Didi Chuxing on Thursday made public its filing for a U.S. stock market listing, setting the stage for what is expected to be one of the world's biggest initial public offerings this year.
HONG KONG: Alibaba Group Holding Ltd’s cloud division has pledged US$1bil (RM4.1bil) to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.
BEIJING: In 2018, Zhang Wenzhong was cleared by China’s top court of financial misconduct charges after earlier spending more than half a decade in prison.
China’s top-three tech firms Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Meituan have lost more than $400 billion in value from highs just four months ago.
HANGZHOU: Facing scrutiny at home, Jack Ma’s Ant Group Co is building a team to burnish its reputation with policy makers in the Asian markets on which its international ambitions hinge.
BEIJING (China Daily/ANN): Online booking platform for 10 touring spots themed with digital economy in Hangzhou, East China's Zhejiang province, has been put into operation in June, the Hangzhou Municipal Bureau of Culture, Radio, TV and Tourism said on Wednesday (June 2), ThePaper reported.