For tax evasion, a leading Chinese live-streamer was fined 1.34 billion yuan ($210 million). Viya, or Huang Wei, is an internet celebrity with tens of millions of fans. She has sold a wide range of things through her site. Between 2019 and 2020, Hangzhou authorities accuse her of concealing her own income as well as…
When China Mobile, the largest telecommunications network provider, offers its shares in Shanghai, it hopes to raise as much as $8.8 billion. Due to constraints enforced under Donald Trump’s presidency, the firm was delisted from the New York Stock Exchange. It joins an increasing number of Chinese companies that have been listed on the New…
According to a Zoom official, the video communications company will remain relevant after the pandemic, even when people return to work. More companies are adopting a hybrid work model, in which employees work in the office and from home on a weekly basis. “I think there are three big shifts that are happening post-pandemic that…
Moderna Inc said on Monday that laboratory research showed that a booster dose of its Covid-19 vaccine was protective against the fast-spreading Omicron strain, and that the current version of the vaccine will remain Moderna’s “first line of defence against Omicron.” The choice to focus on the current vaccine, mRNA-1273, was influenced in part by…
SenseTime Group , a Chinese artificial intelligence start-up, restarted its $767 million Hong Kong IPO on Monday, a week after it was halted due to the company’s presence on a US investment blacklist. According to regulatory papers, SenseTime intends to sell 1.5 billion shares for between HK$3.85 and $HK3.99 each, with the final price to…
In a report released Thursday, Facebook owner Meta Platforms Inc accused a half-dozen private monitoring companies of hacking or other crimes, alleging that they together targeted around 50,000 people across its platforms. The firm’s struggle with the spy companies is part of a broader push by American technology companies, lawmakers, and President Joe Biden’s administration…
Alibaba, largest e-commerce company of China, told its investors that international e-commerce would be its main emphasis going forward as the company looks to develop new avenues of revenues following a challenging year in its home market. Alibaba Group Holding Ltd restructured its e-commerce business earlier this month abd created a separate China and international…
The mother company of the social media network Facebook, Meta Platforms Inc, was responsible for the $60 million plan to acquire the trademark assets of U.S. regional bank Meta Financial Group, according to the representatives of the companies. The agreement demonstrates how significant the Meta moniker has become for the IT behemoth. Meta is…
Following the death of six workers at a warehouse in the US state of Illinois due to a tornado, Amazon is facing concerns about its health and safety procedures. “This never would have happened if they cared about lives over productivity,” the sister of one of the victims commented on social media. In reaction to…
Tesla chief executive officer Elon Musk is known to be very active on tweeter and even making important announcements on social media. This time Musk tweeted that he is “thinking of” quitting all of his jobs and becoming an influencer. Musk is the richest man in the world. “Thinking of quitting my jobs & becoming…
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