China’s regulatory officials revealed at a state council briefing on Tuesday that the upcoming set of regulations concerning the state’s vital information infrastructure will not be steered towards companies drafting foreign IPOs. While the magnitude of imposed regulations increased in the past couple of months, leading to an elevated reflection on China’s tech industry, the […]
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Microsoft’s Power Apps platform exposed 38 million records of critical personal data of 47 organizations due to “platform issues,” a report by U.S.-based information security company, UpGuard revealed on Monday. UpGuard’s research team disclosed various data breaches caused by Microsoft’s Power Apps platform, granting public access leading to the latest trail of data exposure. Leaked […]
Japan’s global chip manufacturing thrown is finally usurped as it fears U.S.’s tactics of pouring billions of dollars to deflect from China’s overtake of Japan’s semiconductor industry. The time has come, after three long decades overwhelmed with success in the chip manufacturing industry, Japan’s industry ministry announced that the nation’s share of the world’s chip […]
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 […]
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 […]
Robinhood Markets confirmed on Tuesday its first acquisition plans since the release of its initial public offering (IPO) earlier this month of obtaining venture-backed startup Say Technology for around $140 million in cash. The trading service company revealed the deal in a blog post from the company’s chief product officer, Aparna Chennapragada, without disclosing when […]
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, […]