Delivery’s Hero’s $4 billion acquisition of South Korea’s Woowa Brothers raises antitrust concerns

On Monday, South Korean restaurant owners expressed concern over food delivery giant Delivery Hero’s $4 billion planned acquisition of its local rival, Woowa Brothers, subject to regulatory approval. The move could undermine competition and lead to higher fees feel South Korean restaurant owners. In December 2019, Delivery Hero, the second-largest food delivery app operator in…

Third party contractors transcribed Facebook’s audio data

Tech companies are coming under increasing scrutiny over data privacy issues revolving around their voice assistants. According to a report from Bloomberg which cites sources familiar with the matter at hand, Facebook Inc has been paying outside contractors to transcribe audio clips from subscribers of its services. In a statement, Facebook confirmed that it had…

Vertex Ventures sinks in undisclosed amount in Hong-Kong based cryptcocurrency exchange Binance

Th investment is aimed at enabling Binance to launch a cryptoexchange in Singapore by the end of 2018. On Tuesday, Singapore state fund Temasek backed Vertex Ventures has invested in Binance – one of the world’s biggest cryptocurrency exchanges – as it prepares to expand operations into the city-state. In a joint statement, the firms…

Shortcomings in Huawei’s supply chain impact Britain’s national security

With countries increasing scrutiny over equipments produced by those they consider as adversaries, companies in the tech industry are facing headwinds. According to sources familiar with the matter at hand, China’s Huawei Technologies is facing strong headwinds by way of heightened scrutiny in Britain over the usage of a legacy software component sold by a…

ASEAN nations likely to sign cybersecurity deal with Russia

A draft agreement is being circulated among foreign ministers on the area of cybersecurity, the details of which is likely to be published this coming Saturday. Following high-profile hacking attacks in Southeast Asia, nations in the region are hoping to enter into joint agreements on cybersecurity with Russia. The draft agreement, which aims to formalize…