Search results for "Didi"

EU gives TikTok a month to respond to consumer complaints

The European Commission said on Friday it has given the Chinese-owned video app TikTok one month to answer complaints from a European consumer group over its commercial practices. The EU’s executive arm said it has started discussions involving the social media platform and the national consumer authorities following an alert launched earlier this year by […]

ByteDance CEO steps down, raising questions over government involvement

Shock and surprise were the predominant emotions bustling through ByteDance employees when their softly spoken founder Zhang Yiming announced that he will be stepping down as CEO of what has been described to be the world’s biggest unicorn. Zhang – a 38-year-old billionaire estimated by Forbes to have a net worth of $35.6 billion – […]

China authorities name 105 apps for improper data practices

China’s internet watchdog said Friday it had found Bytedance’s Douyin, Microsoft Bing, LinkedIn and 102 other apps were engaged in improper collection and use of data and ordered them to fix the problem. The Cyberspace Administration of China (CAC) said that the 105 apps violated laws by excessively collecting and illegally accessing users’ personal information, […]

Huawei to invest more than $1 billion to develop electric vehicles

Chinese tech titan Huawei is aiming to invest one billion dollars to research self-driving and electric vehicles (EV) technologies, as the company aims to take on market leader Tesla Inc. and rival Xiaomi. Speaking to industry analysts in Shenzhen earlier this week, rotating chairman Eric Xu said that the telecom giant will team up with […]

China moves to tame rapidly growing Tech sector, with Alibaba at the helm

Chinese antitrust regulators are considering a record fine to slap on e-commerce titan Alibaba Group along with smaller fines against other leading technology companies in a bid to tame China’s sprawling tech industry, The Wall Street Journal reported on Thursday citing people familiar with the matter. The regulator has already issued fines on Friday to […]

Closer look by Beijing at group buying and big tech

China is ramping up its scrutiny of the practice of community group buying, summoning some of the nation’s largest tech companies for discussions as part of an anti-monopoly push. Community group buying allows groups of people living in the same town or region to buy groceries and other items in bulk at a discounted rate, […]

Uber loses $2.9 billion, offloads bike and scooter business

By CATHY BUSSEWITZ Associated Press NEW YORK (AP) — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain. The ride-hailing giant said Thursday it is offloading Jump, its […]

Coronavirus continues to impact the tech industry

Coronavirus has affected big companies’ ability to both acquire manufacturing materials, and deliver finished goods. 1. Samsung shuts down its factory in South Korea due to a coronavirus outbreak. While most of the factory reopened soon after, the floor on which the infected employee was found, remained closed a few days later. This brings to […]

10 tech things you should know today

1. Justin Bieber and Jack Dorsey may be among the 10 million MGM hotel guests whose personal information was posted to a hacking forum. MGM said it discovered the data breach last summer and notified customers who were impacted based on state laws.  2. Google’s users in the UK will no longer be protected by […]

French telecom company Orange convicted over suicides

By NICOLAS VAUX-MONTAGNY Associated Press French phone and Internet provider Orange was found guilty Friday of a string of employee suicides. A Paris court fined it 75,000 euros (more than $83,000) on Friday in a landmark court ruling over suicides in the 2000s while the company was undergoing difficult restructuring. A decision on whether to […]