China biggest market as gaming industry hits $300 billion

China biggest market as gaming industry hits $300 billion

(ATF) China is the biggest market as the value of the gaming industry has topped $300 billion following a pandemic-fuelled surge, with 2.7 billion players worldwide, a research report said Thursday. The Accenture report said the gaming sector is worth more than the combined markets for other visual entertainment forms, …

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China fines Tencent and 10 other firms for anti-monopoly breaches

China fines Tencent and 10 other firms for anti-monopoly breaches

(ATF) China fined 11 companies on Friday including tech giant Tencent for acquisitions and joint ventures as authorities target monopolistic practices. The news comes amid a crackdown on operators of fintech and online trading platforms. Several weeks ago e-commerce giant Alibaba was hit with a $2.78 billion fine by China's …

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Samsung takes a bite out of Apple to reclaim smartphones top spot 

Samsung takes a bite out of Apple to reclaim smartphones top spot 

Samsung has taken back the global smartphone producer’s crown from Apple. The Korean tech giant accounted for a fifth of overall global sales in the first quarter of this year, according to market research firm Canalys, with Apple claiming a 15% market share. China's Xiaomi Corp clocked its best quarterly …

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Taiwan chipmaker UMC’s $3.6bn pledge to help reboot supplies 

Taiwan chipmaker UMC’s $3.6bn pledge to help reboot supplies 

Taiwan chipmaker United Microelectronics Corp is to pump $3.59bn into expanding production capacity in the wake of the global supplies crisis – though its new lines will not be rolling out chips until 2023. UMC said it will spend the T$100 billion over the next three years and will guarantee …

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TSMC approves $2.89-bn in new spending to address chip shortage

TSMC approves $2.89-bn in new spending to address chip shortage

(ATF) Taiwan Semiconductor Manufacturing Co's board has approved $2.89 billion in spending to increase capacity, responding to a chip shortage that has slowed global industry. The world's largest contract chipmaker said the spending would be "for the purpose of installing mature technology capacity" and did not elaborate. TSMC this month …

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China suspected in US defence industry cyber attack

China suspected in US defence industry cyber attack

(ATF) China-linked hackers have spent months spying on the US defence industry, using a flaw in an information technology (IT) company's software, the manufacturer said on Tuesday. Utah-based IT company Ivanti said hackers took advantage of the flaw in its Pulse Connect Secure suite to break into the systems of …

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Tencent best of a bad bunch says Greenpeace clean energy report 

Tencent best of a bad bunch says Greenpeace clean energy report 

Tencent has been ranked as the greenest of China’s electricity-hungry internet firms by environmental pressure group Greenpeace. A research report by the group revealed the gaming and social media giant was the best of an energy-sapping group of cloud services providers when it came to tackling carbon emissions and using …

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