Chinese food delivery giant Meituan raised nearly $10 billion in a sale of convertible bonds and additional shares and plans to invest those funds in developing and expanding delivery technologies. The Beijing-based firm, China’s largest food delivery platform, said in a filing to the Hong Kong stock exchange that it sold 187 million additional shares […]
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Chinese authorities summoned 11 companies including Alibaba and Tencent for talks regarding the security of voice software, as Beijing steps up scrutiny over the internet sector. The internet watchdog the Cyberspace Administration of China said Thursday that the talks were about security assessments of technology used in voice-based social media and deepfake technology that can […]
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 […]
Chinese tech giant Huawei is selling its budget-price Honor smartphone brand in an effort to rescue the struggling business from damaging U.S. sanctions imposed on its parent company. The sale announced Tuesday is aimed at reviving Honor by separating it from Huawei’s network equipment business, which Washington says is a security threat, an accusation Huawei […]
Take a moment to think about your appliance drawer at home; everyone has one, and more often than not, it’s filled with pallets of once beloved but now outdated devices – from smartphones, tablets, cameras, and the like. While these devices might not look dangerous, they find themselves at the heart of a major environmental […]
NEW YORK (AP) — President Donald Trump’s bans on two popular Chinese social media apps — TikTok and WeChat — are the latest moves in an escalating U.S.-China rift, and point to a future where technology and innovation are increasingly walled behind political barriers. In China, the Communist Party has long limited what foreign tech […]
New opportunities for autonomous vehicles and intelligent solutions are emerging in China. Since the lockdown and the imposed restrictions on dining, retail, and everyday life, there has been a substantial increase in the use of driverless deliveries and non-contact operations. Autonomous vehicles have helped ease the burden of transmission by transporting essential medical supplies and […]
Initial cases of COVID-19 were first declared in December 2019, in Wuhan, China. After four months, the virus has now been diagnosed in 167 countries and almost 140,000 people have died. The impact of the disease throughout the world will have unprecedented consequences for virtually all aspects of the global economy. The world seems to […]
The Over-the-Top (OTT) video market is expected to top over $200 billion (US) by 2024, according to a report form ABI research. 90% of that value will be fueled by subscription and advertising revenue according to a new report by the global tech market advisory firm. Fresh and innovative services such as Disney+ and Apple […]
ABI Research has predicted that the smart home market will make-up for over 13% of Bluetooth device shipments by 2024, which will total to over 815 million Bluetooth products at this time. Substantial growth in a wide range of device varieties, including that of smart lights, voice-control front ends, smart appliances and sensors, among numerous […]