A1 Telekom Austria Group granted on Monday to Scandinavian network equipment suppliers Nokia and Ericsson 5G contacts in Bulgaria, Croatia, Serbia, and Slovenia. This step follows the group’s purchase of a new 5G spectrum worth $16.59 million for its Croatian subsidiary A1 Croatia earlier last week. As for the geographical distribution between the two chosen […]
Search results for "China"
Samsung announced on Tuesday a $205 billion expansion plan aiming to provide 40,000 jobs for the upcoming three years to reign “strategically important industries.” The conglomerate’s immense influence in South Korea has never been higher as it set out a recruitment scheme of roughly 10,000 people, in addition to 30,000 jobs already set into motion, […]
Documents revealed on Thursday in Epic Games’ antitrust lawsuit against Google exhibit allegations of how the search engine giant conducted underground deals with other companies to sustain Google’s Play Store supremacy on the app ecosystem. Premier Device Program, the social network’s offer to Android manufacturers to give exclusive rights to adopt Google’s Play Store as […]
Business Efficiency Solutions (BES), a U.S. cloud software company has filed a lawsuit against Chinese telecom vendor Huawei, citing allegations of data theft and installing a backdoor that acts as an open-ended gateway of sensitive data on Pakistan’s citizens and the country’s national security. According to The Wall Street Journal (WSJ), the lawsuit claims that in 2015, Huawei contacted BES asking for a collaboration in creating a duplicate of the Lahore network in […]
The dishonesty of a senior executive for Chinese communications giant Huawei Technologies put a bank at risk of violating U.S. sanctions against Iran, a Canadian justice department lawyer told an extradition hearing Thursday. Canada arrested Meng Wanzhou, the daughter of Huawei’s founder and the company’s chief financial officer, at Vancouver’s airport in late 2018. The […]
China has allegedly terminated independent driving startup Pony.ai’s efforts to go public on New York Stock Exchange (NYSE) amidst Beijing’s endeavors to enforce regulations on numerous sectors in China’s tech industry, Reuters reported on Wednesday. The California-based company was expected to go public via a special-purpose acquisition with a blank-check company in the U.S. that would have […]
South Korean developer of Player Unknown’s Battlegrounds’ (PUBG), Krafton, initial public offering recorded a 20 percent drop on Tuesday following a crackdown due to a state-led media attack on the gaming industry. This is considered the biggest initial decline of a South Korean IPO after LG Philips LCD collapse in the same market 17 years ago. Krafton’s loss came after it reduced its IPO target by more than 10 percent last month following regulatory demands […]
China’s e-commerce giant Alibaba Group Holding, fired a manager on Monday after being accused of sexual assault, forcing the company to establish legal rules to ensure an incident like this won’t happen again. Days before the issue surfaced, the female employee who was the victim of the sexual assault posted an 11-page account on Alibaba’s private network, noting that not only did the manager sexually assault […]
Many tech enthusiasts consider that the COVID-19 pandemic hit the world at just the right time, describing it as the spark that ignited a tidal wave of disruptive technological innovations. Rollout of services and products were accelerated at a skyrocketing pace trickling down to a myriad of other solutions that would have taken years to hit the […]
Softbank dropped $5 billion worth of publicly listed shares through its SB NorthStar trading unit of four tech giants during its first quarter, the Japanese conglomerate revealed in a financial report released on Tuesday. Back in 2020, the Tokyo-based multinational company vastly invested in social networking platform Facebook, Google’s parent company Alphabet, popular streaming service […]