The chairman and CEO of e-commerce giant Alibaba Group praised Chinese regulators Monday in a possible attempt to repair ties after the stock market debut of its former financial services arm was suspended following criticism of them by billionaire Alibaba founder Jack Ma. Beijing’s announcement of proposed guidelines to enforce anti-competition law against internet companies […]
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China’s biggest e-commerce firm Alibaba Group Holding on Thursday reported a 30% jump in quarterly revenue, as China recovers from the virus and online shopping demand remains high. Alibaba reported revenues of 155.1 billion yuan ($23.4 billion) for the three months ended September. Its profit was down 60% to 28.8 billion yuan ($4.4 billion) compared […]
The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold […]
Thailand’s government lodged complaints with police Thursday against Facebook and Twitter, alleging they failed to comply with court orders to block content judged illegal under Thai law. Minister of Digital Economy and Society Buddhipongse Punnakanta said at a news conference that it was the first time his ministry has taken such action against the social […]
The United States of America has been pushing countries around the world to ban Huawei from participating in the deployment of its core 5G network. Despite losing many 5G markets, the company has been increasing its presence in Southeast Asia. In fact, Huawei Thailand announced it will invest 475 million baht to establish a 5G […]
For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorized parties. The San Francisco-based home sharing company said Wednesday it is initiating legal proceedings against a guest who held an unauthorized party at a home in Sacramento County, California, last weekend. Three people were shot and wounded […]
NEW YORK (AP) — SAP says it plans to spin off Qualtrics and take it public less than two years after acquiring the survey-software provider. SAP said Sunday it will retain majority ownership of Qualtrics’ shares. The German software giant announced in November 2018 that it agreed to pay $8 billion cash for Qualtrics, just […]
The press of the mouse button, the keystroke, or a computer code are all protected by law. Legally, these are considered as “Intellectual property” including the trademark, patent, and copyright. Intellectual property enforcement is crucial for innovation, development as well as for the economy. In fact, technologies are made public, so other people can build […]
1. Former Facebook chief product officer Chris Cox will return after a year-long absence to his previous role at the company, which includes overseeing the main Facebook App, Messenger, Instagram, and WhatsApp. Cox, one of Mark Zuckerberg’s top lieutenants, left in March 2019 over “artistic differences” with the CEO over his plans to make Facebook […]
By DEE-ANN DURBIN AP Business Writer Three months ago, Airbnb co-founder and CEO Brian Chesky was working on the financial filings for the company’s hotly anticipated initial public offering. He had just returned from Palm Springs, California, and was planning a spring vacation with college pals. But the coronavirus upended global travel — and all […]