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 […]
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Russian provider ER Telecom, acquired on Tuesday 100 percent of the united group of companies, Avantel, a telecom operator in the Russian B2B market. ER Telecom failed to reveal the financial details of the agreement, but announced in a statement that the deal will enhance its positions in the segment of services for business and government customers. Additionally, ER will be able to benefit from Avantel’s various markets in Moscow, Novosibirsk, Tomsk, Barnaul, Nizhnevartovsk, Nefteyugansk, Yuzhno-Sakhalinsk, Samara and St. Petersburg. […]
Japanese operator Rakuten Mobile Inc. released on Wednesday its Q2 2021 financial report demonstrating a bursting operating loss increase of 85 percent year on year (YoY) amounting to $900 million credited to higher network-related expenses. Due to the semiconductor shortage, the firm’s costs soared as the network rollout was postponed for approximately three months. The […]
In the wake of recent racial attacks on social media platforms, Instagram is rolling out additional features to curb the spread of offensive and unwanted messages and comments. Through the latest feature under the name “Limits,” the Facebook-owned platform will filter out abusive direct message requests, as well as warn users who try to post potentially offensive comments. For posts […]
China has allegedly terminated independent driving startup Pony.ai’s efforts to go public on New York Stock Exchange (NYSE) amidst Beijing’s endeavors to enforce regulations on numerous sectors in China’s tech industry, Reuters reported on Wednesday. The California-based company was expected to go public via a special-purpose acquisition with a blank-check company in the U.S. that would have […]
Teachers are accustomed to this scenario all too well; you ask your class a question only to hear crickets. Awkward silence follows, as pressure on students to answer begins to build up. They start looking at the ceiling, flipping through their notebooks, in an attempt to dodge answering the question. The question seems simple to you, […]
Saudi Arabia-based telecom stc partnered on Tuesday with Swedish giant Ericsson to deploy 5G standalone (SA) for consumers and enterprises on Ericsson Cloud Native Infrastructure. This move follows a two-year partnership between both telcos signed back in 2019, when the Saudi firm deployed 5G network using Ericsson’s commercial hardware and solutions including radio access network (RAN). The new expansion on stc’s 5G Core (5GC) network, will support both 5G standalone (SA), non-standalone (NSA), in addition to 4G. […]
China on Thursday dismissed Canada’s protests of harsh sentences handed down by Chinese courts to Canadians whose cases are seen as linked to the arrest in Vancouver of a top executive at Chinese tech giant Huawei. The Foreign Ministry and the Chinese Embassy in Canada accused Ottawa of making unwarranted, groundless accusations that “grossly interfered […]
South Korean developer of Player Unknown’s Battlegrounds’ (PUBG), Krafton, initial public offering recorded a 20 percent drop on Tuesday following a crackdown due to a state-led media attack on the gaming industry. This is considered the biggest initial decline of a South Korean IPO after LG Philips LCD collapse in the same market 17 years ago. Krafton’s loss came after it reduced its IPO target by more than 10 percent last month following regulatory demands […]
Step aside Facebook, as TikTok just got crowned the most downloaded social media app in the world as of 2020, according to survey conducted by digital analytics company App Annie. Launched in 2016, The Chinese video-sharing platform has since overtaken Facebook, WhatsApp, Instagram, and Facebook Messenger, all of which make up Facebook’s ecosystem. This isn’t a milestone to overlook, as Facebook-owned apps have held the top spot since the survey began in […]