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Ant Group, the digital financial services arm of Alibaba, had a US$150bil valuation to top the rankings of this year’s Hurun Global Unicorn Index. The total value of all known unicorns in the world is US$1.9tril, equivalent to the GDP of Italy.
BEIJING, Aug 4, 2020 (AFP): China accused the United States on Tuesday of "bullying" over popular video app TikTok, after President Donald Trump ramped up pressure for its US operations to be sold to an American company.
Some British lawmakers push back on TikTok’s possible HQ move from California to London, sources say
Parent company ByteDance admitted on Aug 3 that TikTok’s headquarters may be established outside the United States. US president has given ByteDance until Sept 15 to work out possible sale to Microsoft, or any other US company.
TOKYO: Japanese wireless carrier SoftBank Corp on Tuesday reported a 4% rise in first-quarter operating profit, beating analyst estimates, supported by its enterprise and internet businesses.
White House trade adviser Peter Navarro suggested on Aug 3 that Microsoft Corp could divest its holdings in China if it were to buy the Chinese owned short-video app TikTok.
BEIJING, Aug 3 (China Daily/ANN) - After vowing to ban the popular short-video sharing app TikTok in the United States on Friday, the US president is reportedly weighing the advantages of allowing Microsoft to purchase its US operations.
Monopoly power is a good gig if you can get it. The trouble is keeping lawmakers from knocking on your door.
HONG KONG (AFP): Asian stocks advanced Tuesday (Aug 4) following another record close on Wall Street, with investors cheered by forecast-beating US data and hopes for fresh stimulus for the world's top economy.
BEIJING (China Daily/ANN): China urged some US politicians on Monday (Aug 3) to stop politicising economic issues and abusing the concept of national security after US Secretary of State Mike Pompeo said the United States plans to take broad action on Chinese software companies over national security risks.
A growing number of US influencers are worried about TikTok’s future as the social video app faces growing scrutiny from the US government, rising competition from rivals such as Facebook and the defection of top level creators.