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…
Social media companies operating in Britain, including Twitter, Facebook, and TikTok could face fines up to 10% of their respective turnover if they fail to remove and limit the spread of illegal content under laws proposed by Britain on Tuesday. In a statement the British government said, social media platforms will need to do more…
Industry groups are pushing back proposed changes to U.S. export controls regulations which are aimed at curbing the sale of high technology chips to Chinese companies, highlighting the role played by chips in addressing the COVID-19 pandemic. Nine industry groups have urged U.S. Commerce Secretary Wilbur Ross to allow public comments before allowing the rules…
According to two sources, the U.S. government is likely to fine tune and expand laws that govern sale of U.S. technology and technological products to foreign companies, midst efforts to further tighten the blacklisting of China Huawei. In May 2019, the U.S. Commerce Department had placed Huawei Technologies on an Entity List citing national security…
The CNIL’s decision is likely to send a shiver down the spine of the tech industry who are yet to comply with the EU’s tough GDPR laws. In a development that has gone down in the pages of history as one of the biggest levies, to date, attached by France’s data protection watchdog on Google…
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…
It will be interesting to seen how the European Union’s General Data Protection Regulation (GDPR) will impact Chinese companies in the EU. In March 2018, when William Zhang’s car insurance was about to expire he did not have to bother looking for renewal options. Two months before the expiry of the policy, Zhang used to…
Hailed as a model for personal data protection, the GDPR ramps up protection for online privacy for citizens across the European Union. On Friday, new privacy regulations will come effect across the Eurozone. Companies will now have to comply with tougher privacy rights of their customers and provide them ways to better handle and control…
As a first step, cryptocurrency providers in Australia will have to register themselves with AUSTRAC and comply with KYC norms. On Wednesday, in a move aimed minimizing the risks surrounding cryptocurrencies, Australia has brought the country’s cryptocurrency providers under the purview of its financial intelligence unit, so as to monitor and take necessary action against…
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