Technology


Alibaba, Tencent seen halting talks to buy iQIYI stake

Alibaba, Tencent halt talks to buy iQIYI stake

HONG KONG/BEIJING; Alibaba Group Holding and Tencent Holdings have each held separate talks with Baidu to acquire a controlling stake in video streaming service iQIYI Inc, people with knowledge of the matter told Reuters.But the discussions have stalled with little hope of recommencing soon as they balk at a valuation …

Continue reading

Trump administration to add 4 more Chinese firms to Pentagon blacklist

Trump administration to add 4 more Chinese firms to Pentagon blacklist

WASHINGTON: Washington is poised to designate four more Chinese companies as backed by the Chinese military, sources said, curbing their access to US investors as the Trump administration seeks to cement its hawkish China legacy in its waning days.The designations, which have not been previously reported, could be released by …

Continue reading

Balancing tech and privacy in coronavirus fight

Balancing tech and privacy in Covid fight

(ATF) There's no sign of a global decline in Covid infection numbers, meaning the imminent arrival of vaccines will be welcomed with open arms. Even without them technology will have a role in the eventual eradication of the virus; AI, big data, facial recognition – all the big names of …

Continue reading

Tencent downplays impact of new Chinese anti-monopoly rules

Tencent downplays impact of new Chinese anti-monopoly rules

(ATF) Tencent executives led by its president Martin Lau said on a quarterly earnings call with analysts on November 12 that the firm would talk with Chinese regulators to understand what they hope to achieve with their recent release of the "Antitrust Guidelines on the Platform Economy (Draft for Comment)”.Tencent …

Continue reading

Huawei now US’ Room 101 

Huawei now US’ Room 101 

BRASILIA: A US official has said that Chinese surveillance of the world through 5G technology was like Big Brother in George Orwell's novel 1984, as he urged Brazilian companies not to buy equipment from China's Huawei Technologies.Keith Krach, US under secretary of state for economic growth, energy and the environment, …

Continue reading

China's SMIC facing delays on some US-made supplies

China's SMIC facing delays on some US-made supplies

China's Semiconductor Manufacturing International Corp (SMIC) is facing delays in getting US-made equipment, parts and materials, the Global Times newspaper reported on Thursday, after Washington imposed export restrictions against the firm. SMIC, China's largest contract chipmaker, has been among several Chinese tech firms including Huawei Technologies that have been targeted …

Continue reading

ByteDance bets on tick-tock of Trump clock

ByteDance bets on tick-tock of Trump clock

NEW YORK/WASHINGTON: ByteDance, the Chinese parent company of video-sharing app TikTok, filed a petition late on Tuesday with a US Appeals Court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.President Donald Trump in an August 14 order directed ByteDance to divest the …

Continue reading

Payment, e-commerce sites come under Beijing competition scrutiny

Payment, e-commerce sites come under Beijing competition scrutiny

BEIJING/SHANGHAI: China on Tuesday published draft rules aimed at preventing monopolistic behaviour by internet platforms, a move that will increase scrutiny on e-commerce marketplaces and payment services belonging to the likes of Alibaba Group. China's State Administration for Market Regulation (SAMR), which issued the draft, said it wanted to prevent …

Continue reading

Next-gen tech is speeding up financial sector change in Asia

Next-gen tech is speeding up financial sector change in Asia

(ATF) Despite the massive disruptions that have taken place this year with the pandemic, in many sectors innovation has seemed to only accelerate as businesses seek to return to growth. At Broadridge, we have sought to understand such trends through market surveys and direct client engagement, to see how leaders …

Continue reading

Huawei knocked off top spot, Xiaomi beats Apple in handset sales

Huawei knocked off top spot, Xiaomi beats Apple in handset sales

(ATF) As the global smartphone market begins to recover, Samsung has become the number-1 brand, but Chinese manufacturers – led by Huawei and Xiaomi – are still taking a big chunk of the pie. Huawei has slipped to second place, while Xiaomi has risen to third spot, ahead of Apple. …

Continue reading