The Chinese government revealed on Wednesday a five-year plan sketching the state’s scheme to strengthen its regulation grasp on much of its economy. The documentation, referencing Chairman Mao, came as a follow-up to Beijing’s recent regulations wave targeting the nation’s various industries and sectors. Beijing’s plan clarifies that additional rules will be endorsed to empower […]
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China’s tech sector hustles to free itself from trustbusters’ noose by self-correcting its behavior in a bid to get ahead of any impending regulatory rage from Beijing. The country’s tech sector has played its latest card in what seems to be a never-ending battle between authorities and the industry. Some of China’s biggest companies […]
Late on Wednesday, Xinhua News Agency reported that China’s latest regulations against tutoring for profit and Big Tech is beneficial to the country’s growth as it stiffens its commitment to expand its capital market, leading to a share plunge in education firms. China’s latest attempt to ease financial pressure on families that support low birth […]
Pharmaceutical company BioNTech said Monday that it wants to use the mRNA technology behind its coronavirus vaccine to target malaria. The Germany-based company, which developed the first widely approved coronavirus shot together with U.S. partner Pfizer, aims to begin clinical trials for a “safe and highly effective malaria vaccine” by the end of next year. […]
On Friday, Virginia Tech spokesman Mark Owczarski informed local media that the university was affected by the series of global security breaches that crippled businesses throughout the world. Several university units employed Kaseya – U.S.-based software company – that was breached in early July in a worldwide ransomware campaign. According to Owczarski, the virus distributed […]
With the help of a fundraising initiative by SoftBank and Tiger Global Management, Revolut is now valued at $33 billion. The London-based digital banking startup has officially been labeled as the UK’s most valuable private fintech unicorn. The fundraiser raised $800 million, which will be used to develop new products and stretch out its operations in international markets such as the United States and India. Founded in 2015, […]
An assemblage of China’s biggest tech companies has cooperatively signed on Tuesday an antitrust ‘self-discipline’ agreement with Beijing’s expanding regulatory pressure on Chinese tech firms. E-commerce platform Alibaba Group, Tencent, and TikTok’s parent company ByteDance are amongst 33 Chinese tech companies that have voluntarily signed an agreement of self-discipline amidst Beijing’s regulation rise on Big Tech companies. Some of China’s biggest and most dominant tech […]
Open Radio Access Network, Or Open RAN for simplicity, isn’t a new thing, but it is seeing a sharp rise in adoption coinciding with. It refers to open access to radio network architecture, and telcos are clamoring to jump aboard the band wagon. A bandwagon that would otherwise be very, very expensive to implement for any one entity. The biggest players in worldwide telecoms, those same ones […]
EU lawmakers at the European Parliament aims to navigate the debate on tough new rules targeting Facebook, Google, and other big tech companies to secure support to Europeans’ fundamental rights. In December of last year, the European Commission (EC) suggested the Digital Service Act (DSA) that will oblige Big Tech companies to go the extra […]
Chinese budget smartphone maker Xiaomi is set to raise around $1.2 billion from debt issuance, with $800 million worth of bonds due for payment in 2031 with a coupon of 2.87 percent per year, a regulatory filing said. The move comes at a tricky time as other Chinese tech companies have seen themselves pitted in a government crack down led […]