By Julie Zhu, Kane Wu and Cheng Leng HONG KONG/BEIJING (Reuters) -China has launched an antitrust investigation into Alibaba Group and will summon the tech giant’s Ant Group affiliate to meet in coming days, regulators said on Thursday, in the latest blow for Jack Ma’s e-commerce and fintech empire The probe is part of an …
China launches antitrust probe into tech giant Alibaba قراءة المزيد »
KEY POINTS SoftBank filed for an initial public offering for its special purpose acquisition company on Monday. The firm plans to raise $525 million to invest in a technology company. (CNBC)- SoftBank Group filed to launch a special purpose acquisition company on Monday, saying it planned to raise $525 million for an investment in a …
SoftBank launches blank-check company to join SPAC craze قراءة المزيد »
KEY POINTS Reuters reported on Monday that Apple is aiming to start production of an Apple-branded car for consumers as soon as 2024 That boosted the stocks of two companies that make lidar sensors, a core component for self-driving cars that allows their computers to take a 3D image of the world around them Velodyne …
Lidar stocks soar after report that Apple is working on a car for 2024 قراءة المزيد »
(Reuters) – Facebook Inc and Alphabet Inc’s Google agreed to “cooperate and assist one another” in case of an investigation into their pact to work together in online advertising, the Wall Street Journal reported late on Monday The Journal report cited an unredacted version of a lawsuit filed by 10 states against Google last week …
The Guardian- Spyware sold by an Israeli private intelligence firm was allegedly used to hack the phones of dozens of Al Jazeera journalists in an unprecedented cyber-attack In a stunning new report, researchers at Citizen Lab at the University of Toronto said they discovered what appears to be a major espionage campaign against one …
Dozens of Al Jazeera journalists allegedly hacked using Israeli firm’s spyware قراءة المزيد »
KEY POINTS The FTC was roundly criticized by lawmakers on both sides of the aisle following privacy settlements tech hawks deemed to be weak Its new lawsuit against Facebook and privacy study involving nine tech firms gives it a chance to revise that narrative among critics Sen. Josh Hawley, R-Mo., has called for the FTC …
After suing Facebook, the FTC has a chance to show critics it’s not toothless قراءة المزيد »
KEY POINTS Amazon has temporarily closed a facility in northern New Jersey after it detected an increase in asymptomatic positive cases, according to a notice obtained by CNBC The facility, known as PNE5, will remain closed until Dec. 26 “out of an abundance of caution,” the notice said Amazon’s warehouses have remained open during the …
Amazon closes New Jersey warehouse after workers test positive for coronavirus قراءة المزيد »
BEIJING (Reuters) – China’s former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with, to prevent any platform from gaining too much market share, state media reported on Sunday China’s regulators last month warned the country’s tech giants that they face closer scrutiny. A …
China could restrict bank tie-ups with fintech platforms, official suggests قراءة المزيد »
Jack Ma, the co-founder of Alibaba Group Holding Ltd (NYSE: BABA), offered to give Beijing parts of his financial technology firm Ant Group in order to repair his relationship with the Chinese government, the Wall Street Journal reported Sunday What Happened: The previously-unreported offer was made by Ma on Nov. 2 as he was questioned by Chinese regulators and the central …
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We surveyed a group of over 300 Benzinga investors on whether shares of Alibaba (NYSE: BABA) or Jumia (NYSE: JMIA) stock would grow the most by 2022. Alibaba operates China’s most-visited online …
Whether shares of Alibaba or Jumia stock would grow the most by 2022 قراءة المزيد »
LONDON — Most stock markets advanced on Wednesday and bitcoin broke above $20,000 for the first time, as prospects brightened for more US economic stimulus and a Brexit trade deal Potential for an earlier EU rollout of coronavirus vaccines boosted investor’s mood further The dollar faltered, however, as a surge in virus cases and further …
Today, Ripple is thrilled to announce that Sandie O’Connor is joining its Board of Directors. O’Connor has over 30 years of leadership experience with a deep background in finance, treasury, capital markets and regulatory affairs. As Ripple expands its global network and continues to push for regulatory clarity in the United States, she will provide …
Ripple Adds Sandie O’Connor To Board of Directors قراءة المزيد »
