The $159 million deal sees the Alibaba Group Holding Ltd upping its 49% stake to 51 and thus gaining direct control over its board. On Monday, Alibaba Group Holding Ltd stated, it will be increasing its stake in Hong Kong-listed Alibaba Pictures to 51%, up from its current 49%, and thus essentially take control of…
According to the former head of intelligence agency GCHQ, if there is no proper regulation, it is possible that the social media platform Facebook could turn out to be a threat to democracy. In an interview with BBC, Robert Hannigan said rather than “protecting your privacy” and data, the interest of the social media giant…
China has emerged as the prime suspect in the Marriott hacking attack case. Here’s the low-down on it. In a significant development of wide-reaching ramifications, sources familiar with the matter at hand have disclosed that clues left behind by hackers in the Marriott International Inc hack points to a Chinese government intelligence gathering operation. Last…
The probe comes midst George Soros labeling Facebook as a “menace to society”. The probe is aimed at finding out whether Soros shorted the company’s stock. Following a name calling by billion investor George Soros that Facebook is a “menace to society” Sheryl Sandberg, the social media’s Chief Operating Officer has requested a probe into…
After Australia and New Zealand, Chinese tech company Huawei would also not be allowed to participate in bids for offering technology for the core 5G network that is currently being developed by U.K. telecoms company BT. Any equipment that BT’s existing 3G and 4G networks belonging to the Chinese company would also be taken out.…
The strategic move will see the Chinese giant increase its footprint in the lucrative EU market. On Wednesday, Alibaba Group Holding Ltd stated it has signed an agreement with the Belgium government to launch an e-commerce trade hub. The move will include investments in logistics infrastructure. The strategic move is part of Alibaba’s Electronic World…
Verizon and Samsung Electronics Co Ltd are slated to launch 5G models in the first half of 2019. U.S. chipmaker Qualcomm Inc has unveiled a next generation mobile phone processor that will power 5G smartphones in the United States in 2019. The key feature of Qualcomm’s Snapdragon 855 chip, which was launched at an event…
The ad operations of Google and Facebook in the EU will be significantly affected if the proposal is agreed upon by all 28 member states of the European Union. As per a European source, France and Germany have sought to salvage a EU tax proposed that aims to levy digital tax on large tech firms…
The synergies of the deal will enable TIBCO to add business intelligence features to its software platform that serves large banks. According to sources familiar with the matter at hand, TIBCO Software Inc, is in the process of acquiring Orchestra Networks, a French data management firm. The acquisition will boost its ability to help clients…
The move follows similar measures undertaken by the U.S., Australia, and New Zealand. On Wednesday, Britain’s BT Group Plc stated it will remove Huawei Technologies Co’s equipment from its core 4G network within two years. The development brings BT’s mobile phone business in line with an internal policy to keep the equipment of Huawei Technologies…
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