Chinese Tech Stocks Rally As JD.com Surges 13%, Tencent Climbs 7%
Hong Kong-listed Chinese tech stocks staged a huge rally Tuesday as investors got a little more clarity on the regulatory outlook and bought some of the names that have taken…
Didi Suspends UK Launch Plans Amid China’s Crackdown On Tech Firms -Telegraph
China’s ride-hailing giant Didi Global Inc (DIDI.N) has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash…
China Telecom Jumps 34% On Shanghai Debut, Defying Weak Market
China Telecom Corp surged 34% on its Shanghai debut on Friday, defying a bearish market after raising $7.3 billion in the world’s biggest stock listing so far this year. Shares…
Finland’s Nokia Wins 5G Order For Three European Markets
Finnish telecom gear maker Nokia (NOKIA.HE) said on Monday it had won a 5G network order from A1 Telekom Austria Group for operations in Bulgaria, Serbia, and Slovenia. “The multi-country…
Ethiopia To Build Local Rival To Facebook, Other Platforms
Ethiopia has begun developing its own social media platform to rival Facebook (FB.O), Twitter (TWTR.N) and WhatsApp, though it does not plan to block the global services, the state communications…
Elon Musk Says Tesla’s Robot Will Make Physical Work A ‘Choice’
After dominating the electric vehicle market and throwing his hat into the billionaire space race, Tesla boss Elon Musk announced the latest frontier he’s aiming to conquer: humanoid robots. The…
Octopus Ventures Leads Investors Backing Pngme’s Series A
Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Less than…
Nigeria: International VCs and family offices back Alerzo’s Series A
The process of digitizing the operations of mom and pop stores in Nigeria is serious business right now. In fact, it might be the second-best thing after fintech at the…
PayPal Launches Its Cryptocurrency Service In The UK
PayPal is launching its cryptocurrency service in the U.K. The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week.…
Nigeria: Oasis Capital Strikes Twin Investments In Ivory Coast
Oasis Capital Ghana, which invests in small and medium enterprises across Ghana and Cote d’Ivoire via Oasis Africa VC Fund, has struck its third deal in as many months. The…
T-Mobile Breach Hits 53 Million Customers As Probe Finds Wider Impact
T-Mobile US Inc (TMUS.O) said on Friday an ongoing investigation into a data breach revealed that hackers accessed personal information of an additional 5.3 million customers, bringing the total number…
‘Twilight’ Investor Sentenced To Five Years Prison In Fraud Case
A technology entrepreneur who invested in the studio behind the “Twilight” films was sentenced to five years in prison on Thursday after being convicted of fraud related to the video…
China’s SenseTime Says Daily Users Of Its Augmented Reality Tech Number 100 Mln
China’s SenseTime, which sells augmented reality technology to other companies, has seen global daily active users of that tech grow to 100 million from its launch of the business in…
Twitter Agrees To Seven Out Of Ten Demands – Nigerian Govt
The Federal Government says from the 10 demands put forward to lift Twitter suspension, the microblogging and social networking platform has acceded to seven. The Minister of Information and Culture,…
Facebook Launches VR Remote Work App
Facebook on Thursday launched a test of a new virtual-reality remote work app where users of the company’s Oculus Quest 2 headsets could hold meetings as avatar versions of themselves.…
EXCLUSIVE Facebook Selects Local Journalists Paid In $5 Million Newsletter Recruitment Push
Facebook Inc (FB.O) has chosen 25 local independent journalists to be paid out of a $5 million pot to write for its newsletter site Bulletin through multiyear deals, the company…
Twitter, Digital Platforms To Pay Tax As FIRS Targets N10.1trn Revenue In 2022
The Federal Inland Revenue Service (FIRS) has set a revenue target of N10.1 trillion for 2022. Mohammed Nami, executive chairman of FIRS, disclosed this on Wednesday when he appeared before…
Chinese Firm Behind The Purchase Of The United Kingdom’s Largest Chip Plant Warns Deal Is At Risk
The Chinese firm behind the purchase of Britain’s largest chip manufacturing facility earlier this summer has admitted that the acquisition could be unwound as the U.K. government reviews the takeover.…
Apple Appeals Against Security Research Firm While Touting Researchers
Apple Inc (AAPL.O) on Tuesday appealed a copyright case it lost against security startup Corellium, which helps researchers examine programs like Apple’s planned new method for detecting child sex abuse…
Tencent Says More Regulations Set To Come As Quarterly Profit Jumps
China’s Tencent Holdings (0700.HK) said on Wednesday that the internet industry should brace for more regulations and uncertainty, but it believed Beijing ultimately wanted to forge a long-term sustainable path…
Nvidia Forecast Beats Expectations, But Talks On $40 Bln Arm Deal Take Longer Than Expected
Nvidia Corp (NVDA.O) on Wednesday said talks with regulators to clear its $40 billion proposed acquisition of British semiconductor technology firm Arm Ltd are taking longer than expected. The disclosure…
Facebook Is Ready To Launch Digital Wallet
Facebook is prepared to launch the Novi digital wallet tied to Diem blockchain-based payment system, said the head of the social media giant’s payments project that’s seeking necessary regulatory clearances.…
U.S. SEC Says It Charges Former Netflix Staffers For Insider Trading
The U.S. Securities and Exchange Commission (SEC) on Wednesday said it has charged three former engineers at Netflix (NFLX.O) for trading on non-public information around the company’s subscriber growth that…
Aurora Releases Tool To Gauge Safety Of Self-Driving Systems
Aurora, the Silicon Valley self-driving startup founded by former Tesla, Uber and Google executives, has released what it says is the industry’s first tool for evaluating whether and when autonomous…
PayPal And Fiserv Partner To Allow Paycheck Deposits Into Venmo Accounts
Getting gig economy workers to send their paychecks directly to a PayPal or Venmo wallet is one of the goals of a new partnership between PayPal and Fiserv announced Wednesday.…
Crypto Exchange Binance Hires Former US Treasury Criminal Investigator
Binance said on Wednesday it had appointed a former U.S. Treasury criminal investigator as its global money laundering reporting officer, part of an attempt by one of the world’s largest…
Robinhood’s Shareholders: Are Crypto Wallets Coming And Do We Get Hoodies?
When Robinhood Markets Inc (HOOD.O) reports quarterly financial results on Wednesday for the first time since going public, its retail shareholders want to know when cryptocurrency wallets are coming and…
BlackBerry Software Flaw Could Impact Cars, Medical Devices – U.S. Agencies
A cybersecurity flaw in a software designed by BlackBerry Ltd (BB.TO) could put at risk cars and medical equipment that use it and expose highly sensitive systems to attackers, the…
Huawei Will Return To Smartphone Throne’ Despite Crippling Sanctions, Chairman Says
Huawei Technologies’ (HWT.UL) chairman said while U.S. sanctions have choked its smartphone business, it will not give up and plans to eventually return to the industry’s “throne”. In 2019 former…
China Seeks To Tighten Rules On Unfair Internet Competition, Sending Tech Shares Lower
China’s market regulator issued draft rules on Tuesday aimed at stopping unfair competition on the internet, as Beijing continues its broad crack down on the country’s technology sector. The rules…