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 …

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TikTok gets another seven-day US reprieve

TikTok gets another seven-day US reprieve

(ATF) The Trump administration on Wednesday November 25 granted ByteDance a new seven-day extension of an order directing the Chinese company to sell its TikTok video-sharing app, according to a court filing. The administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set …

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New rules bring China’s internet giants to heel

New rules bring China’s internet giants to heel

(ATF) At noon on November 10, Chinese officials issued a report with a long and boring title that few people in the country are ever likely to read. But this weighty document could have serious ramifications not only for China's biggest corporate entities, but considerable flow-on effects for all citizens. …

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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 …

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Huawei announces evolution from 5G to 5.5G

Huawei announces evolution from 5G to 5.5G

(ATF) As 2020 is the first year of China's new infrastructure plan, in which they want to turn the country into a multi-layered high-tech society, industry leaders have cemented Huawei’s role in China’s internal rebuild. And Huawei this week revealed plans to develop a 5.5G network to meet the expected …

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China to launch homegrown quantum-powered smartphones

China to launch homegrown quantum-powered smartphones

(ATF) China Telecom – the country's second largest telecom operator – and QuantumCTek are developing smartphones with quantum encryption security, which they plan to launch at the end of this year or early 2021, Chinese media has reported. A joint venture just set up between the two groups is developing …

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Tech giants could face bans if they break new rules, EU says

Tech giants could face bans if they break rules, EU says

Technology companies' services could be banned from the European market if they do not heed EU regulation, Europe's industry chief Thierry Breton told German weekly Welt am Sonntag, as the European Commission finalises rules on internet companies. Breton will announce new draft rules known as the Digital Services Act and …

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