internet


Ant Group ordered to restructure as a financial institution

Ant Group ordered to restructure as a financial institution

(ATF) China's central bank has ordered Ant Group to reorganise itself as a financial holding company, in a sweeping crackdown on Jack Ma's Ant Group, the fintech conglomerate that has spent months in the regulatory doghouse.The overhaul – which subjects Ant to tougher regulatory oversight and capital requirements – is …

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China's massive telecom and gigabit Internet plans going well

China's massive telecom and gigabit Internet plans going well

(ATF) On Friday morning (March 19), the State Council Information Office held a press conference to remind citizens that parts of the government's work was proceeding well – the number of Internet users in China had increased to 989 million, and just over 70% of people had access to the …

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Microsoft backs pay-for-news plan with challenge to Google

Microsoft backs pay-for-news plan with challenge to Google

(ATF) Software giant Microsoft said on February 3 that it would back Australia's controversial plan to make internet companies pay to re-publish local media, in a slap in the face to Google and Facebook, which have vehemently opposed the proposal.Brad Smith, Microsoft's president, issued a statement saying that there was …

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China hails its ‘netizens’ as internet user numbers approach 1 billion 

China hails its ‘netizens’ as internet user numbers approach 1 billion 

(ATF) The number of internet users in China has reached nearly 1 billion prompting the government to hail its ‘netizen’ generation.The figures, released by the China Internet Network Information Center (CNNIC) on Wednesday, showed that as of December the number of internet users in China was now 989 million, an …

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Chinese banks return to popularity after crackdown on fintech firms

Chinese banks return to popularity after crackdown on Internet firms

(ATF) Chinese banks, once in danger of being shoved aside by Internet giants, are enjoying newfound popularity as Beijing cracks down on tech companies and their ventures into finance.More traditional financial institutions in the country hope to reclaim lost business, such as consumer loans, from financial technology (fintech) players such …

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China's AutoX launches self-driving robotaxi project in Shenzhen

China's AutoX launches self-driving robotaxi project in Shenzhen

(ATF) Chinese self-driving car technology continued to leap ahead this week, as internet giant Baidu received a permit from California to test its cars without a driver behind the wheel, while autonomous driving pioneer AutoX launched its driverless RoboTaxi programme to the public in Shenzhen.Although self-driving vehicles are designed to …

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US warns of threat from former Huawei unit's bid for Pacific data link

US warns of threat from former Huawei unit's bid for Pacific data

(ATF) Washington has warned Pacific island nations that a Chinese company bidding to build an undersea internet cable is a security threat, Reuters reported on December 17.Huawei Marine, which was recently divested from Huawei Technologies and is now majority-owned by another Chinese company, submitted bids along with France's Alcatel Submarine …

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China’s Blue Book on internet expansion shows rapid progress

China’s Blue Book on internet development shows rapid progress

(ATF) Internet development in China over the past year saw a number of milestones, with more than 100 million 5G online terminal connections and 100% localization of components for the Beidou-3 satellite navigation system, which has a positioning accuracy of better than 10 metres.Those landmarks and more — such as …

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