Tencent, the Chinese gaming and social media giant , will distribute the majority of its JD.com stock in order to pay a $16.4 billion dividend. This is expected to weaken its links to the e-commerce firm and raising worries about its ambitions for other holdings. The decision by the company was made at a time as Beijing has a major regulatory…
The Indian branch of Japanese multinational Sony has agreed to merge with local rival Zee Entertainment to create the country’s second largest entertainment network. More than 75 television networks, film assets, and two streaming platforms will be part of the united entity. It is on track to become a key participant in the fast-growing entertainment…
Unconditional antitrust approval was granted to software giant Microsoft by the European Commission on Tuesday for the acquisition of artificial intelligence and speech technology company Nuance Communications for a $16 billion deal. This acquisition is the largest for United States based Microsoft since its acquisition of the networking social media platform LinkedIn in 2016 for…
California’s Department of Justice stated Monday that it had filed a lawsuit against Walmart for allegedly disposing of hazardous garbage at a rate of “more than one million items per year.” According to the complaint, Walmart illegally deposited 159,600 pounds of hazardous garbage every year in state landfills that aren’t suited to handle the goods,…
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…
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