New rules drafted for Germany allows a level playing field for all telecom equipment vendors. On Monday, in a significant development, Germany has finalized rules to build its 5G mobile networks which does not exclude China’s Huawei Technologies. German government officials have confirmed that Germany’s security catalogue foresaw an evaluation of technical and other criteria…
WeWork is trimming its footprint in China and is expanding it in Singapore. On Thursday, Office-sharing startup WeWork stated, it plans on opening two new locations in Singapore later this year. The development comes even as WeWork seeks a $1 billion loan from its biggest-backer Softbank Group Corp in order to progress on its major…
A little more than 130 U.S. firms have applied to the U.S. Commerce Department for such a license. According to sources familiar with the matter at hand, the United States is set to soon issue licenses to a few U.S. companies to supply non-sensitive items to China’s Huawei Technologies Co Ltd. The Chinese company has…
Risk consultants sees U.S. investors quietly exiting from their partnership/commitments with the affected Chinese companies. In a significant development, Goldman Sachs Group Inc has stated, it is in the process of reviewing its involvement in China’s Megvii Technology Ltd’s initial public offering (IPO) following the U.S. Commerce Department placing the artificial intelligence firm on an…
Huawei has partnered with not only Malaysia’s Maxis Bhd, the country’s second largest mobile network operator by subscriber, but has also signed preliminary 5G agreements with Maxis rivals such as Axiata Group Bhd’s Celcom, as an added pressure. In a significant development, Malaysia’s Maxis Bhd stated, it has signed an agreement with China’s Huawei Technologies…
Although Shinhan Financial Group Co Ltd’s investment was not disclosed, the funding round saw Bukalapak valued at more than $2.5 billion. On Friday, Indonesian e-commerce startup Bukalapak stated, South Korea’s Shinhan Financial Group Co Ltd has participated in its latest funding round which valued the company at over $2.5 billion. Bukalapak did not disclose the…
It is interesting to note that Tesla is not sourcing its batteries from China but has instead opted to import them from South Korea’s LG Chem to keep its Gigafactory in Shanghai running. On Friday, as per a Bloomberg report report citing sources familiar with the matter at hand, Tesla Inc has agreed to purchase…
While the Chinese government wants to promote its views on western social media platforms, it has blocked its citizens from accessing Twitter and Facebook in the mainland. On Tuesday, following Facebook and Twitter dismantling China’s state-backed campaign to malign and undermine concerns raised by the citizens of Hong Kong, China said it had a right…
Here is why relocating Apple’s supply chain from China makes business sense. U.S. President Donald Trump disclosed he has had a discussion with Apple Inc’s Chief Executive Officer Tim Cook on the impact of U.S. tariffs on Chinese imports as well as competition faced by Apple from South Korea’s Samsung Electronics Co Ltd. Cook “made…
Despite its launch, Huawei is continuing to stick to Android to support its app developers. Without apps there will not be a market for its OS. On Friday, Huawei Technologies launched its proprietary operating system for smartphones and other devices. Following continued theft of U.S. intellectual property, in May 2019 the U.S. had imposed curbs…
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