In its latest regulatory maneuver, China proceeds to aim its regulatory glaze at its Big Tech giants by demanding to end a long-established practice of prohibiting each other’s connection on their sites, a move that could result in catastrophic consequences on its domestic market and China-based companies’ stakes. Beijing’s move raised the distress level amongst […]
China
China’s famous chipmaker Semiconductor Manufacturing International Corp. (SMIC) revealed on Friday plans to upsurge independence in the chip manufacturing sector by investing $8.87 billion to build a chip plant in the tech city of Shanghai, according to a regulatory filing with the Hong Kong Stock Exchange (HKSE). The Chinese expansion to globally take the lead […]
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 […]
Ericsson CEO, Borje Ekholm, expressed deep concerns over the U.S.-China tech war, arguing that the west might get deprived of accessing China’s R&D if global mobile standards are torn between both China’s and the West’s 6G efforts, reaching 5G network’s final stages. Swedish telecoms vendor Ericsson continuously demonstrated its unbiased stance regarding the geopolitical aspect of […]
China Mobile announced on Thursday a 6 percent year-on-year (YoY) increase in net profit for the first half of 2021, driven by new 5G users. In its recent report, the state-owned telecom revealed that its net profit for H1 of 2021 hiked to $9.12 billion from $8.61 billion for the same period last year. The telco highlighted that its new 5G users enhanced average revenue per user. As for operating revenues, China Mobile amounted $68.5 billion for the first six months of […]
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 […]
China’s e-commerce giant Alibaba Group Holding, fired a manager on Monday after being accused of sexual assault, forcing the company to establish legal rules to ensure an incident like this won’t happen again. Days before the issue surfaced, the female employee who was the victim of the sexual assault posted an 11-page account on Alibaba’s private network, noting that not only did the manager sexually assault […]
Amidst Washington’s deadlock with Beijing, China Telecom may potentially elevate its Shanghai’s initial public offering (IPO) to more than $8 billion leading to its biggest offering this year in the Shanghai Stock Exchange, following the firm’s delisting in its New York counterpart (NYSE) in January. Following Chinese media reports, the Beijing-based firm established its IPO at $0.70 per share, inflating the firm’s worth […]
Security firm Cybereason reported on Tuesday that it detected three vicious cyberattacks operating on behalf of the Chinese state targeting at least five of the biggest telecommunications firms located in Southeast Asia countries. Previously, a similar cyberattack on Microsoft Exchange email server, the U.S., Britain, and the European Union have repeatedly accused Beijing of state […]