How Big Tech is faring against US lawsuits and probes

Twitter faces claim it benefited from child sex trafficking

Facebook, fearing public outcry, shelved earlier report on popular posts

How the Taliban turned social media into a tool for control

In one video, a Taliban official reassured female health workers that they could keep their jobs. In another, militants told Sikhs, a minority religious group, that they were free and protected. Still others suggested a new lawfulness in Kabul, Afghanistan,…

Tata, Adani’s super app plans hit by draft rules for e-tail

(This story originally appeared in on Aug 21, 2021) Indian conglomerates will find their e-commerce play significantly impacted, especially their development of apps, if the draft consumer rules that prevent “related parties” from selling on their marketplace-based online platforms are…

Hong Kong Bourse to Offer China A-Share Index Futures

In the first half, northbound daily trading volume of the stock connect programs reached a record high of $17.6 billion. Hong Kong’s stock exchange will launch long-awaited A-share index futures contracts in October, giving global investors a new tool to…

Nvidia’s $40 billion deal for ARM likely set for lengthy review

U.S. group Nvidia Corp‘s planned $40 billion purchase of British chip designer ARM is likely to be subject to a lengthy inquiry after a UK regulator found the deal would hit competition and could weaken rivals. Britain’s Competition and Market’s…

Taliban declare Afghanistan an ’Islamic Emirate,’ Biden’s Approval Sinks, Evegrande Gets Summoned

Here is today’s ranking of the 10 most-read news stories in China, in economics, finance and current affairs, to help give you a sense of what’s trending in the Chinese language sphere. Chinese social media users have been paying close…

Facebook removes Rahul Gandhi’s post for policy violation

After Twitter, Facebook has removed a content posted by Congress leader Rahul Gandhi that identified the family of a nine-year-old victim of alleged rape and murder in Northwest Delhi, saying it violated the social media platform’s policies. According to sources,…

SoftBank sells 11.4 million shares of DoorDash: Report

SoftBank Group Corp sold 11.4 million shares of food delivery company DoorDash Inc, marketed via Goldman Sachs Group Inc, a source familiar with the matter said on Thursday. They were priced at around $182.95 each, a Bloomberg report said, valuing…

Bilibili’s Quarterly Loss More Than Doubles on Marketing Binge

Bilibili’s office in Shanghai in August 2020. Photo: VCG Bilibili reported its losses more than doubled in the second quarter as the Nasdaq-listed Chinese video streaming platform invested heavily in marketing and promotion, despite strong gains in revenues and a…

Crypto exchange Binance to step up anti-money laundering checks

Binance, the world’s largest cryptocurrency exchange, said on Friday that it was bringing in new customer checks for anti-money laundering requirements with immediate effect. Binance has been under pressure from global regulators including the United States, Britain, Japan, Germany and…

ByteDance Valuation Soars Despite China Tech Woes

picture (Nikkei Asia) — Valuations for ByteDance Ltd. and Huawei Technologies Co. Ltd. have held up or even risen this year while the shares of many listed Chinese technology companies have tumbled amid Beijing’s widening crackdown on the sector, according…

China takes next step in taming Big Tech with personal data law

China has passed legislation setting out tougher rules for how companies handle user data, a move pushing forward its campaign to curb big tech’s influence. The legislature of the Asian nation approved the Personal Information Protection Law, the China Central…

ET Exclusive: RBI against dropping card data storage clause in new rules

The Reserve Bank of India (RBI) is said to be against acceding to a demand by India’s payment gateways for exemptions on select new regulatory norms that are set to prohibit merchants from storing card details and payment operators from…

Can Facebook make virtual reality happen for real this time?

For years, the idea that virtual reality would go mainstream has remained exactly that: virtual. Though tech giants like Facebook and Sony have spent billions of dollars trying to perfect the experience, virtual reality has stayed a niche plaything of…

US takes a new stab at Facebook antitrust suit

The Federal Trade Commission took new aim at Facebook on Thursday, beefing up its accusations that the company was a monopoly that illegally crushed competition, in an attempt to overcome the skepticism of a federal judge who threw out the…

Russia fines Google again for failing to remove banned content

Moscow: A Moscow court on Thursday fined Google 6 million roubles ($80,881) for failing to delete content that Russia deems illegal, in the second such penalty to be imposed on the Alphabet Inc. unit in less than a week. Amid…

TCS expands strategic partnership with Google Cloud

India’s largest IT services firm Tata Consultancy Services ( TCS ) on Thursday said it is expanding its strategic partnership with Google Cloud by building experience centres for customers to evaluate cloud solutions, apart from co-developing new solutions that provide…

Tencent Warns of More China Tech Curbs as Growth Sputters

Tencent Holdings Ltd. reported its slowest pace of quarterly revenue growth since early 2019. Photo: Bloomberg (Bloomberg) — Tencent Holdings Ltd. warned investors to brace for more regulatory curbs on China’s tech sector, telegraphing that Beijing plans to expand restrictions…

Policy groups ask Apple to drop plans to inspect iMessages, scan for abuse images

More than 90 policy and rights groups around the world published an open letter on Thursday urging Apple to abandon plans for scanning children’s messages for nudity and the phones of adults for images of child sex abuse. “Though these…

China Pledges To Rein In Incomes Of The Wealthy And Build Common Prosperity

Common prosperity / China pledges to rein in incomes of the wealthy and build common prosperity China’s top leaders vowed to strengthen regulation of the country’s wealthy people, including “reasonably adjusting excessive” income and encouraging high-earning groups and enterprises to…

A big crowd at RBI doors for payment aggregator licence

A slew of companies harbouring fintech ambitions have made a beeline to the Reserve Bank of India to become licensed Payment Aggregators (PAs) under the central bank’s upcoming regulatory regime for non-bank payment providers. Firms that have applied for authorisation…

Nearly 80% of Indian consumers prefer bundling of content and communication services

A high proportion of Indians are interested in a mega bundle comprising content and communication services, according to a study by Amdocs, which provides software and services to media, entertainment and communication companies. The latest findings of Streamer 2021 is…

China rebukes 43 apps including Tencent’s WeChat for breaking data transfer rules

China‘s Ministry of Industry and Information Technology (MIIT) said on Wednesday that 43 apps, including Tencent Holdings Ltd’s WeChat, were found to have illegally transferred user data, and ordered their parent companies to make rectifications. The move comes as Chinese…

US senator calls for TikTok ban after China takes stake in ByteDance arm

Washington: Republican Senator Marco Rubio on Tuesday called on President Joe Biden to block TikTok in the US after China took an ownership stake in a key subsidiary of ByteDance Inc., the Beijing-based parent company of the short-video platform. The…

China Coordinates With U.S. And Russia On Afghan Power Transfer

Wang Yi, foreign minister of China. Photo: gov.cn Afghanistan / China coordinates with U.S. and Russia on Afghan power transfer China has been coordinating with Russia and the United States on their Afghan policies to ensure an “orderly transfer of…

‘Ecommerce sales for FMCG companies to hit double-digits soon’

Ecommerce contribution at FMCG companies will hit the double-digit mark within a year in the fastest adoption of online sales across categories despite the easing of curbs, pointing to altered purchase patterns for daily-use items hitherto sold largely by either…

Why Amazon still lags behind Zomato and Swiggy in food delivery

Ecommerce marketplace Amazon India, which launched its food delivery app – Amazon Food — from Bengaluru in 2020, remains a fringe player, way behind industry leaders Swiggy and Zomato , despite a steady recovery in the online food ordering market…

Prioritising Flipkart’s Big Billion Day sales: Walmart International CEO McKenna

Walmart is prioritising the holiday season across major markets, including in India, as online sales grow globally as well as in the United States, Walmart International president and chief executive Judith McKenna said. Walmart is also on track to record…

China publishes detailed data regulations as tech crackdown deepens

Shanghai | Beijing: China moved on Tuesday to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data. Beijing has been firming its grip on internet platforms in recent months,…

Beijing took stake and board seat in key ByteDance domestic entity this year

BEIJING/SHANGHAI, – The Chinese government took a stake and a board seat in a key ByteDance entity this year – a move that raises questions over how much influence Beijing is planning to wield in a tech sector reeling under…

India among fastest growing markets for Akamai

Content delivery network provider Akamai said India was among its fastest growing markets globally, with the centre of excellence (CoE ) here being the largest among the three it operates worldwide. The CoE has grown rapidly in the last few…

Taliban’s Afghanistan takeover: What’s next for social media?

London | Bengaluru: The Taliban’s rapid takeover of Afghanistan poses a new challenge for US technology companies on handling content created by a group considered to be terrorists by some world governments. Facebook Inc. confirmed on Monday that it designates…

Etail grew 25% in FY21, may grow up to 30% in FY22: Bain & Co

Ecommerce in India grew by 25% to $38 billion in the previous financial year (FY21) despite two washout months during the first wave of the pandemic, according to a report by consultancy firm Bain & Co in association with Walmart-owned…

Tech and telcos in a tight race for BharatNet project

Telecom and technology majors including Bharti Airtel, Reliance Infratel, STL , Cisco, Larson & Toubro and Hughes Communications are among nearly 40 companies vying to take broadband services to rural India as part of the country’s ambitious BharatNet project, documents…

T-Mobile investigating claims of customer data breach

T-Mobile is investigating a claim on an online forum post which says the personal data of over 100 million users have been breached, the company said. “We are aware of claims made in an underground forum and have been actively…

China’s Didi improves pay transparency for drivers

China‘s Didi Global Inc said on Monday it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state media accused it of paying drivers…

Bombay HC delivers a relief to online news publishers on India IT Rules

Mumbai: Stating that “dissent” is vital for democracy, Bombay High Court has granted an interim stay to the operation of parts of the India IT Rules, 2021, which require that all online publishers follow a “code of ethics”. Sub-clauses 1…

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