On Monday, Vietnam awarded a license to a unit of Taiwan’s Foxconn Technology Co Ltd to build a $270 million plant which will produce tablets and laptops, said the Vietnamese government in a statement. Foxconn’s plant will be developed by Fukang Technology and will be located in the northern province of Bac Giang. It will…
With a sudden surge in downloads and users, the messaging platform Signal faced technical crisis and said that it was experiencing “technical difficulties” even as the firm attempted to upgrade its servers and network. There has been a surge globally in the downloads of the app in recent days after announcement by the Facebook owned…
With the aim of preventing grooming on the platform, the short video sharing app TikTok will impose “groundbreaking” new restrictions on children on the platform and the new rules will be particularly severe for those users who are under the age of 16 years, the Chinese owned company said. Those children users of the platform,…
With users migrating to other messaging platforms following privacy concerns stemming from Facebook Inc’s WhatsApp update, Facebook said, it will delay the update. WhatsApp users are concerned that the Facebook owned messaging app is watering down its privacy policy in the update. Earlier this month, WhatsApp notified users through a notification that it was preparing…
In a statement Italy’s data protection authority said, Facebook Inc has not clearly communicated its new privacy policy for its messenger app WhatsApp to users. On January 4, 2021, in an update WhatsApp said it reserved the right to share some data, including location and phone numbers, with Facebook and its units including Messenger and…
The Trump Administration has added nine Chinese companies, including Chinese plane maker Comac and mobile phone maker Xiaomi, to a trade blacklist which Washington thinks are owned or controlled by the Chinese military. These companies will be subject to a new U.S. investment ban which will compel American investors to divest their holdings of the…
A class-action lawsuit has been filed accusing Amazon.com Inc of inflating ebook prices in collusion with some publishers. The class action lawsuit alleges that the e-commerce giant along with the five largest U.S. publishers, collectively called the ‘Big Five’, agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a…
There is intense backlash by the public in China against one of the prominent e-commerce companies of the country over charges that the firm exploits its employees by overworking them. This reflects the broadening of the scrutiny of the top tech companies of the country and could even become even more intense. Two employees of…
One of the positive outcomes of the Covid-19 pandemic is the acceleration of the trend companies and businesses using online means for their commercial and financial interactions. That has in turn has propelled those companies that enable that online shift of business are also benefitting. One such big player in the field that provides such…
In a statement European business groups have said, EU business must “prepare for the worst” over digital decoupling between the U.S. and the Chinese economy, which could significantly impact EU businesses in China. In a statement the European Chamber of Commerce in China and MERICS, a Berlin-based think tank said, U.S.-China political, trade and financial…
