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China’s tech firms rush to deliver solutions for grocery shopping

China’s tech firms rush to deliver solutions for grocery shopping Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice Tuan, the two-year-old grocery group-buying firm’s fourth round year to date. People […]

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The race to be China’s top fintech platform: Ant vs Tencent

The race to be China’s top fintech platform: Ant vs Tencent As Ant Group seizes the world’s attention with its record initial public offering, which was abruptly called off by Beijing, investors and analysts are revisiting Tencent’s fintech interests, recognized as Ant’s archrival in China. It’s somewhat complicated to do this, not […]

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TikTok files for injunction against pending Trump app ban

TikTok files for injunction against pending Trump app ban TikTok’s fight with the Trump administration doesn’t yet appear to be over, regardless of what the deal that was signed between its parent company ByteDance and Oracle says. Earlier today, the company filed a motion to stop the Commerce Department from enforcing a […]

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Trump administration’s WeChat ban is blocked by U.S. district court

Trump administration’s WeChat ban is blocked by U.S. district court A few days ago, the U.S. Commerce Department published a series of rules that aimed to block the downloading of TikTok and WeChat by American users, following an executive order signed by President Trump back in August. TikTok got a last minute […]

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TikTok and WeChat will be banned in the U.S. from Sunday

TikTok and WeChat will be banned in the U.S. from Sunday The Commerce Department announced this morning that it will require mobile app stores to remove popular social media apps TikTok and WeChat. New users will not be able to download these apps, and while existing users will still be able to […]

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Justice Department says WeChat users won’t be penalized under Trump’s executive order

Justice Department says WeChat users won’t be penalized under Trump’s executive order In a Wednesday filing in federal court, the United States government said that users who use or download WeChat “to convey personal or business information” will not be subject to penalties under President Donald Trump’s executive order banning transactions with […]

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Trump signs executive orders banning transactions with TikTok and WeChat

Trump signs executive orders banning transactions with TikTok and WeChat President Donald Trump signed an executive order on Thursday banning transactions with ByteDance, the parent company of popular app TikTok . The White House also announced that he signed a similar order banning transactions with Tencent-owned WeChat, a messaging app that is […]

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More Chinese phones could lose US apps under Trump’s Clean Network

More Chinese phones could lose US apps under Trump’s Clean Network Over a third of the world’s smartphone sales come from Chinese vendors Huawei, Xiaomi and Oppo. These manufacturers have thrived not only because they offer value-for-money handsets thanks to China’s supply chains, but they also enjoy a relatively open mobile ecosystem, […]

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Pompeo says U.S. may take action against TikTok and other Chinese tech companies “shortly”

Pompeo says U.S. may take action against TikTok and other Chinese tech companies “shortly” Days after President Donald Trump announced he could use an executive order to ban TikTok from the United States, Secretary of State Michael Pompeo said the administration is “closing in on a solution and I think you’ll see […]

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Tencent wants to take full control of long-time search ally Sogou

Tencent wants to take full control of long-time search ally Sogou It’s been seven years since Tencent picked up a 36.5% stake in Sogou to fend off rival Baidu in the online search market. The social and gaming giant is now offering to buy out and take private its long-time ally. NYSE-listed […]

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