A series of undersea cable damage in the Red Sea, critical to global internet and telecommunication services, have been severed on Monday.
Hong Kong
An Indian multinational company has lost around $25 million due to a deepfake scam video call, where the scammer impersonated the CEO.
Google, OpenAI and Microsoft are slowing squeezing out accessibility to their AI chatbots in Hong Kong. This is in unequivocal acknowledgement that Hong Kong no longer has any special status over mainland China regarding freedom of information. None of the above-mentioned companies are confirming this as the reason. But given the 2020 National Security Law […]
Hong Kong-listed shares in China’s Baidu rebounded 15.7% on Friday as users told of their experiences with the Ernie bot, recouping losses from a day earlier prompted by the chatbot’s launch, which failed to impress. On Thursday, viewers of the Chinese search engine giant’s presentation panned the company’s lack of a live demonstration and a […]
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 […]
Hong Kong is committed to the growth of their fintech sector. With a national GDP of $341.4bn, the city is fast becoming a hub for digital transformation. The rapid advancements in technology has led to the rise in fintech innovation and online banking methods which has supported consumer needs amid the pandemic. The latest report […]
TikTok owned by the China-based ByteDance has not accepted to share data with Chinese authorities. However, On July 1, 2020, a new national security law took effect in China. Under this law, services providers have to remove any message that would constitute an offense endangering national security. If these companies fail to comply with the […]
HONG KONG (AP) — TikTok said Tuesday it will stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week. The short-form video app’s planned departure from Hong Kong comes as various social media platforms and messaging apps including Facebook, WhatsApp, […]
Hong Kong operators roll out 5G on three of its four networks. Hong Kong sees its first release of high speed, low latency 5G spectrum made available by HKT, 3 Hong Kong and China Mobile Hong Kong. The fourth company, SmarTone, has yet to reveal any plans to do the same. On the 1st of […]