July 05, 2021
ByteDance Allows Other Companies To Buy TikTok AI Tech
ByteDance has begun selling the artificial intelligence that powers its blockbuster TikTok app to other companies outside China, the Financial Times reported. The Financial Times reported that BytePlus, the operation...
July 05, 2021
Didi Warns Of Revenue Drop
Didi, the ride-hailing giant, has said it might see a revenue drop as of a new regulatory order to remove its apps from app stores in China amid cybersecurity investigations....
July 05, 2021
Google, Twitter And Facebook Eye Leaving Hong Kong If Data...
Facebook, Twitter and Google are among the big companies threatening to quit offering services in Hong Kong if the authorities’ proposed changes pass, making those companies responsible for malicious sharing...
July 02, 2021
China’s SAMR Prepares Illegal Pricing Crackdown
China’s market regulator is preparing to crack down on illegal pricing, including online platforms that charge different prices based on customer buying patterns. As Reuters reported Friday (July 2), the draft rules...
July 02, 2021
Monetary Authority Of Singapore Wants More Investigative Powers
The Monetary Authority of Singapore wants more power to conduct financial misconduct investigations, proposing new rules that would allow its officers to enter premises without a warrant or even prior...
July 02, 2021
Didi Shares Fall Amid Chinese Cybersecurity Probe
Shares in Chinese ridesharing firm Didi dropped more than 5 percent Friday morning (July 2) after regulators in China announced a cybersecurity review of the company. According to CNBC, this...
July 01, 2021
Alibaba Nears First Big Deal Since Antitrust Fine
Alibaba Group is poised to make its first major investment since it paid a record antitrust fine as part of a bruising crackdown on Jack Ma’s internet empire. A consortium...
July 01, 2021
Hepsiburada Finishes Off US IPO As It Eyes Super-App Future
Hepsiburada may not be a household name here in the U.S., but as of its IPO on the Nasdaq on Thursday (July 1), the company now carries a $1.9 billion...
June 30, 2021
Deluge Of IPOs Could Be Hitting Some Speed Bumps
In investing, themes matter – but painting those themes with too broad a brush can prove costly. It has become conventional wisdom that the great digital shift has permeated all...
