Beijing forum promotes SIM-based ‘e-CNY hard wallet’ for digital payments
Promoters say the ‘e-CNY hard wallet’ has several advantages as a payment mechanism, including safety, reliability and convenience.
TikTok’s global e-commerce expansion hits roadblock after Indonesia shopping ban
TikTok Shop’s debacle in Indonesia poses a challenge on how the ByteDance-owned app operator’s e-commerce model could move forward in a highly competitive industry.
TikTok Shop’s debacle in Indonesia poses a challenge on how the ByteDance-owned app operator’s e-commerce model could move forward in a highly competitive industry.
China’s Longsys completes US$132 million takeover of Suzhou plant from Powertech
Longsys, one of US chip maker Micron’s largest clients in China, has acquired a 70 per cent equity stake in Powertech Technology (Suzhou), which provides chip packaging, testing and surface-mount technology services in eastern Jiangsu province.
Longsys, one of US chip maker Micron’s largest clients in China, has acquired a 70 per cent equity stake in Powertech Technology (Suzhou), which provides chip packaging, testing and surface-mount technology services in eastern Jiangsu province.
Microsoft asked to pay nearly US$29 billion in back taxes in US
The software giant says it will appeal the US Internal Revenue Service’s decision that the company owes taxes from 2004 to 2013.
The software giant says it will appeal the US Internal Revenue Service’s decision that the company owes taxes from 2004 to 2013.
TikTok’s e-commerce push faces headwinds in Southeast Asia after Indonesia ban
Other offline retailers in Southeast Asia whose interests are affected by social commerce platforms are expected to complain to their governments and lobby for a ban on TikTok Shop.
Other offline retailers in Southeast Asia whose interests are affected by social commerce platforms are expected to complain to their governments and lobby for a ban on TikTok Shop.
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Chinese phone brand Vivo vows support for executives arrested in India
Vivo, the second most popular smartphone brand in India, is among several Chinese companies that have come under regulatory scrutiny in the South Asian nation.
Samsung’s profit slide slows in sign of chip market recovery
South Korea’s largest company reported a 78 per cent plunge in quarterly profit, an improvement from the record 95 per cent plunge in the second quarter.
South Korea’s largest company reported a 78 per cent plunge in quarterly profit, an improvement from the record 95 per cent plunge in the second quarter.
Utah sues TikTok, saying it lures children into addictive social media habits
The US state says the company misrepresents its app’s safety and deceptively portrays itself as independent of its Chinese parent company, ByteDance.
The US state says the company misrepresents its app’s safety and deceptively portrays itself as independent of its Chinese parent company, ByteDance.
US waiver of tech restrictions to Samsung, Hynix handicaps China’s chip makers
Washington’s action is expected to be a big boon for both Samsung and Hynix in the world’s largest semiconductor market, but puts rival Chinese memory chip makers like YMTC at a disadvantage.
Washington’s action is expected to be a big boon for both Samsung and Hynix in the world’s largest semiconductor market, but puts rival Chinese memory chip makers like YMTC at a disadvantage.
Huawei challenges Spain’s rule that could exclude it from 5G funding
Spain says some ‘high-risk’ suppliers will not receive government aid to develop 5G networks. Huawei claims that the exclusion goes against the law, is disproportionate and politically motivated.
Spain says some ‘high-risk’ suppliers will not receive government aid to develop 5G networks. Huawei claims that the exclusion goes against the law, is disproportionate and politically motivated.
Chinese media spots pornography-linked apps on Apple’s mainland App Store
The discovery was made at a time when Apple has started complying with regulations that require all apps and app developers to be licensed.
The discovery was made at a time when Apple has started complying with regulations that require all apps and app developers to be licensed.
Baidu’s smart device unit CEO resigns to start own venture ahead of key annual event
Jing Kun, the head of the smart device unit of Chinese AI giant Baidu, has resigned due to ‘personal reasons’, less than 10 days before he was due to present at Baidu World 2023.
Jing Kun, the head of the smart device unit of Chinese AI giant Baidu, has resigned due to ‘personal reasons’, less than 10 days before he was due to present at Baidu World 2023.
Alibaba closes social science institute that Jack Ma once hoped would exist for 300 years
Alibaba has closed its Luohan Academy, a social science institute that founder Jack Ma had hoped could exist for 300 years when it was created five years ago, according to sources familiar with the matter.
Alibaba has closed its Luohan Academy, a social science institute that founder Jack Ma had hoped could exist for 300 years when it was created five years ago, according to sources familiar with the matter.
China’s smartphone manufacturing output declines in first 8 months of year
China produced 679 million smartphones from January to August this year, down 7.5 per cent from the same period in 2022, according to data from China’s Ministry of Industry and Information Technology.
China produced 679 million smartphones from January to August this year, down 7.5 per cent from the same period in 2022, according to data from China’s Ministry of Industry and Information Technology.
Elon Musk could be compelled to testify in US probe of Twitter acquisition
The SEC is seeking a court order after Musk failed to appear in September to testify in a probe of whether he violated securities law in acquiring Twitter.
The SEC is seeking a court order after Musk failed to appear in September to testify in a probe of whether he violated securities law in acquiring Twitter.
ChatGPT-owner OpenAI wants to design AI chips, explores acquisition
OpenAI is seeking to solve a shortage of expensive AI chips, but it has not yet decided to move ahead with original chip design, sources told Reuters.
OpenAI is seeking to solve a shortage of expensive AI chips, but it has not yet decided to move ahead with original chip design, sources told Reuters.
Apple considered switch to search engine DuckDuckGo from Google
Apple held talks with DuckDuckGo to replace Alphabet’s Google as the default search engine for the private mode on Apple’s Safari browser, according to people familiar with the discussions.
Apple held talks with DuckDuckGo to replace Alphabet’s Google as the default search engine for the private mode on Apple’s Safari browser, according to people familiar with the discussions.
Taiwan to probe suppliers helping Huawei build chip plants under the radar
Taiwan’s minister of economic affairs said she would look into whether the firms are conducting their businesses in China within the scope of approved activity.
Taiwan’s minister of economic affairs said she would look into whether the firms are conducting their businesses in China within the scope of approved activity.
Google packs AI features into its new smartphones, smartwatch
In addition to the new Pixel 8 and Pixel Watch 2, Google has also announced plans to add generative AI capabilities to its virtual assistant, allowing it to do things like help people plan a trip.
In addition to the new Pixel 8 and Pixel Watch 2, Google has also announced plans to add generative AI capabilities to its virtual assistant, allowing it to do things like help people plan a trip.
Facebook owner to lay off employees in metaverse chip unit
The unit, called Facebook Agile Silicon Team, or FAST, develops custom chips for Meta’s AR and VR devices, which currently use silicon from external provider Qualcomm.
The unit, called Facebook Agile Silicon Team, or FAST, develops custom chips for Meta’s AR and VR devices, which currently use silicon from external provider Qualcomm.
