China based autonomous driving startup WeRide valued at $3.3 billion in latest funding round

In a statement, WeRide, a China-based autonomous driving startup which is backed by Renault, Nissan, and Mitsubishi Motors  said, it has raised “hundreds of millions” of dollars in its latest funding round which valued it at $3.3 billion. Guangzhou, China headquartered WeRide however did not disclose details on the size of the funding. In a…

Chinese state-sponsored hacking group HAFNIUM pillaged user inboxes which use Microsoft Exchange Server

In a statement, Microsoft cyber security experts along with cyber security experts from outside of the company said, a cyberespionage group from China has been remotely plundering email inboxes using 0-day exploits in Microsoft mail server software. In a blog post Microsoft said, the cyber-espionage group dubbed as HAFNIUM, a state-sponsored entity operating out of…

U.S. International Trade Commission probing select devices made by Lenovo Group Ltd and Samsung Electronics Co Ltd

In a statement the U.S. International Trade Commission stated, it was probing certain LTE-compliant cellular devices made by China’s Lenovo Group Ltd owned Motorola Mobility and by Samsung Electronics Co Ltd, following a complaint. On February 1, 2021, an investigation was launched following a complaint filed by Austin, Texas-based Evolved Wireless LLC alleging infringement of…

Israeli cybersecurity startup Axonius raises $100M in latest funding round, valuing it at $1.2 billion

In a statement cybersecurity startup Axonius said, it has raised $100 million through a private funding round which was led by New York-based growth equity firm Stripes; the funding round valued the startup at $1.2 billion. The funding round, which came less than a year after Axonius’ last raise saw the startup’s total funding touch…

TikTok’s owner ByteDance agrees to settle $92M class-action lawsuit

According to a document filed in the U.S. District Court in Illinois, China’s ByteDance has agreed to settle a $92 million class-action lawsuit from U.S. TikTok users who had alleged data privacy concerns. ByteDance, TikToko’s owner, has agreed to the settlement after more than a year of litigation. “While we disagree with the assertions, rather…

ByteDance explores sale of TikTok’s Indian operations

In a report, Bloomberg News said, China’s ByteDance is exploring the sale of TikTok’s Indian operations to rival Glance, a unicorn. Negotiations, initiated by Japan’s SoftBank Group Corp, early, private, and complex, said the report citing sources people familiar with the matter at hand. InMobi’s short-video app Roposo has gained more market share in India after…