The U.S. Department of Commerce sanctioned on Monday 14 Chinese tech companies over links to human rights abuses against Uyghur Muslims in Xinjiang, northwest China. Adding these firms to the Entity List restricts American companies from collaborating with any of the listed businesses without a special license. Among the listed companies is DeepGlint, a Chinese […]
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Stellantis is a little late to the global electric vehicle party, but on Thursday it pledged to catch up and pass its competitors. CEO Carlos Tavares says that by 2025, 98% of its models in Europe and North America will have fully electric or plug-in gas-electric hybrid versions. He says the company that combined Fiat […]
Chinese telecom Huawei agreed earlier this week to sign a 4G patent license agreement with the German car manufacturer Volkswagen. The decision – which joins two U.S. sanctioned companies — is considered one of the biggest patent licensing agreement Huawei provides within the auto making industry. As per the deal, the telecom titan’s 4G mobile […]
Saudi Arabia is looking to attract investments upwards of $18 billion dollars as part of its bid to construct large-scale data centers across the Kingdom, the country’s Ministry of Communications and Information Technology (MCIT) announced this week. The move – which is part of Saudi Arabia’s Vision 2030 – aims to transform the gulf country […]
China’s most popular social media service has deleted accounts on LGBT topics run by university students and nongovernment groups, prompting concern the ruling Communist Party is tightening control over gay and lesbian content. WeChat sent account holders a notice they violated rules but gave no details, according to the founder of an LGBT group, who […]
If you’re a gamer, then it’s a great time to be alive with all the new releases happening on almost every gaming platform; and this has been outlined by Newzoo’s new global games market report for 2021. Powered by just under 3.0 billion gamers, the global games market will generate $175.8 billion via consumer spending in 2021, representing a […]
The World Health Organization said Thursday that any COVID-19 vaccines it has authorized for emergency use should be recognized by countries as they open up their borders to inoculated travelers. The move could challenge Western countries to broaden their acceptance of two apparently less effective Chinese vaccines, which the U.N. health agency has licensed but […]
Didi Global Inc., a Chinese ride-hailing service, gained 1% Wednesday in its highly anticipated U.S. stock market debut, giving up most of a early double-digit gain. The Beijing-headquartered company’s initial public offering of 288 million shares was priced at $14 a share and opened at $16.65, up 16%. The shares closed at $14.14. Prior to […]
Popular Chinese grocery shopping app Dingdong has slashed its initial public offering by 74 percent on Monday, a mere three days following it’s rival MissFresh witnessed disappointing placements on Nasdaq. Many pundits and industry analysts have argued that the reason for Dingdong’s fall from grace is due to the cooling appetite of online grocery-based apps, […]
Heads of the EU’s most prolific telecoms operators have taken to the Mobile World Congress on Monday to call for a complete regulatory overhaul of the continent’s network, as their statements labelled the current framework as “century-old.” Industry analysts have previously noted that the current framework in place will not be suited to handle the […]