The president of Toshiba Corp. stepped down Wednesday, a week after the the Japanese technology and manufacturing giant said it was studying an acquisition proposal from a global fund where he previously worked. Nobuaki Kurumatani tendered his resignation at a board meeting, and the board accepted, effective Wednesday, Tokyo-based Toshiba said in a statement. Kurumatani […]
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Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms. In a meeting Monday, the central bank and other financial regulators also ordered Ant to cease anti-competitive behavior in its payments business and […]
Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion. The acquisition will get Microsoft deeper into hospitals and the health care industry through Nuance’s widely used medical dictation and transcription tools. Microsoft will pay $56 per share cash. That’s a 23% premium to Nuance’s Friday […]
Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators on Saturday for anti-competitive tactics, as the ruling Communist Party tightens control over fast-growing tech industries. Party leaders worry about the dominance of China’s biggest internet companies, which are expanding into finance, health services and other sensitive areas. […]
A civil rights group is suing Facebook and its executives, saying CEO Mark Zuckerberg made “false and deceptive” statements to Congress when he said the giant social network removes hate speech and other material that violates its rules. The lawsuit, filed by Muslim Advocates in Washington, D.C., Superior Court on Thursday, claims Zuckerberg and other […]
Popular Chinese girl group THE9 held its debut “X-City” XR concert on March 26 and March 27, on via streaming platform, according to China-based iQIYI Inc. an innovative, market-leading online entertainer said. An immediate hit with viewers immediate success and has already sparked heated discussions amongst fans. “XR performance is so exciting” and “Now I […]
China on Friday put on trial one of two Canadians held for more than two years in apparent retaliation for Canada’s arrest of a senior Chinese telecom executive. Canada said its consular officials were refused permission to attend the proceedings against Michael Spavor, who is accused by China of stealing state secrets. Jim Nickel, the […]
The actions of Canadian and American authorities during the arrest of a senior executive for Chinese communications giant Huawei Technologies “spanned the spectrum from negligence to casual indifference” of her rights, defense lawyers told an extradition hearing Wednesday. Canada arrested Meng Wanzhou, the daughter of Huawei’s founder and the company’s chief financial officer, at Vancouver’s […]
Russian authorities said Tuesday they would block Twitter in a month if it doesn’t take steps to remove banned content, a move that escalates the Russian government’s drawn-out standoff with social media platforms that have played a major role in amplifying dissent in Russia. Russia’s state communications watchdog, Roskomnadzor, last week announced it was slowing […]
Facebook announced Monday plans to assist in informing the public about COVID-19 vaccine options, vaccinations sites, and related information, using a vaccine finder tool and other features. “We’re launching a global campaign to help bring 50 million people a step closer to getting COVID-19 vaccines,” said Mark Zuckerberg, company founder and CEO, in a press […]