UK has plausibly denied Bloomberg report to lend a sense of calm so that it can continue identifying details of the perpetrators. On Friday, Britain’s national cyber security agency stated, it does not yet have any reasons to doubt the assessments made by Amazon and Apple refuting Bloomberg’s report that their systems had been compromised…
With Chinese authorities intensifying their crackdown on online gaming, Tencent’s cash machine, its revenues have been significantly affected. Faced with increased challenges stemming from heightened government regulations, Tencent Holdings announced stated, it has undergone its first restructuring in six years. In 2018, its market capitalization has fallen significantly and the company has faced some harsh…
In a warning to investors, China’s central bank – Shanghai Head Office – has warned investors not to invest blindly in virtual currencies and ICOs. On Tuesday, in a disclosure aimed at increasing risk awareness among investors, China’s central bank Shanghai Head Office warned investors that initial coin offerings (ICOs) and virtual currency investment carry…
The joint venture is aimed at coming up with solutions and implementing breakthroughs in advanced technologies. On Tuesday, in a joint announcement China’s Tus-Holdings along with Russia-China Investment Fund (RCIF) stated they plan on a joint tech collaboration which will see them investing $1.28 billion in Russia’s Tushino Project Technology Park. In its statement, RCIF…
With online video games being Tencent’s cash machine, their shuttering is likely to impact its revenues. On Monday, Tencent Holdings stated, it will discontinue Texas Hold’Em poker video game from its market place. The move is aimed at complying with Chinese laws with Beijing intensifying its scrutiny over the gaming industry. Tencent stated it will…
The statement sees China continue to maintain its refrain that it does not allow forced technology transfers in its domestic and foreign companies and that it will adopt stricter measures to the IPR regime. Will China now walk the talk? On Tuesday, in a statement that is clearly aimed at deflecting U.S. trade accusations on…
Once the Trump Administration’s $200 billion tariff list, which currently is in the public comment period, comes into play, U.S. consumers are likely to see a price hike in consumer goods that are assembled in China. According to U.S. government’s rulings on tariffs, the latest round of trade tariffs on $200 billion of Chinese imports…
In what is likely to be a part of Beijing’s strategic “Made in China 2025” policy, China is pushing automakers to focus on improving the technology in next generation cars rather than rely on its subsidies to meet sales targets. On Friday, as per a report by Bloomberg citing anonymous sources, Beijing is considering a…
ZTE’s U.S. ban has resulted in the Chinese firm losing $11 billion in market valuation. However, from Jefferies had placed a buy rating on its stocks on the Hong Kong stock exchange. In a significant development, ZTE Corp has received a temporary reprieve from the U.S. Commerce Department’s Bureau of Industry and Services government. The…
The wide-ranging partnership expands the Bollore Group’s and Alibaba’s logistics network such that it can help diversify their respective customer base. On Monday, Vincent Bollore, the CEO of French conglomerate the Bollore Group stated it had signed a global partnership with Chinese e-commerce giant Alibaba. In a statement, both companies said, their partnership covers clean…
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