Instances of forced tech transfers are growing in China: EU business lobby group

The pace of forced tech transfers in exchange for market access is on the rise in China especially in “cutting edge” industries. In a significant development, a European business lobby has disclosed, the number of cases of European firms forced to transfer technology to its Chinese partners are on the rise despite Beijing’s attempt to…

U.S. ban on Huawei could weigh on Japan’s economy: Finance Minister Taro Aso

One of the primary reasons why Japan could be impacted by the ban on Huawei is intertwined supply chains. On Friday, Japan’s Finance Minister Taro Aso stated, the U.S bid to block Huawei Technologies from purchasing American technology is likely to impact Japanese companies and weign on the country’s economic growth prospects. “There are Japanese…

FCC bars China Mobile’s bid to operate in the United States

The FCC will now shift its focus on existing Chinese carriers including China Unicom and China Telecom Corp. In a significant development, the Federal Communications Commission (FCC), voted unanimously to block China Mobile Ltd’s bid to provide communication services in the United States citing risks of espionage. China Mobile is owned by the Chinese government.…

Amazon.com’s smart speaker business coule be probed by FTC

Amazon.com’s alleged data collection through its smart speakers of children is in violation of the Children’s Online Privacy Protection Act (COPPA). In a potentially significant development, 4 senators from the United States have urged the Federal Trade Commission to investigate Amazon.com’s smart speaker which target children. Senators Richard Blumenthal, Edward J. Markey, Josh Hawley and…

U.S. places China’s third biggest e-commerce platform on its notorious markets blacklist

The United States has continued to keep Alibaba’s taobao.com, China’s biggest e-commerce platform on this blacklist. Continuing its crackdown on Chinese companies which exploit and steal U.S. intellectual property, the United States added Pinduoduo.com, China’s third-largest e-commerce platform to its list of “notorious markets” for violations of intellectual property rights. The United States also kept…

U.S. charges 2 Chinese men of corporate and Intellectual property theft from General Electric Co.

The most significant part of the indictment is that this is the first time that the United States has tied these economic and intellectual property thefts to the Chinese government. In a significant development, as per an indictment unsealed by the U.S. Justice Department, a Chinese businessman as well as a former engineer working at…