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Is Rednote Your Next TikTok Alternative?
Potential TikTok replacement amidst growing popularity!
As TikTok faces a possible ban in the US, people are rushing to download another Chinese app called RedNote (also known as Xiaohongshu). But before you tap that download button,…
China Cuts Interest Rates First Time Since April 2020
The country cuts its interest rates for the first time in 22 months, as figures show its economic …
China’s central bank cuts the interest rate of its medium-term loans for the first time since April 2020, in an attempt to cushion any economic slowdown. The People’s Bank of…
China’s State Administration for Market Regulation Investigates into Alibaba’s Alleged Act of Monopoly
Alibaba is suspected to be stopping its merchants from using the rival platforms.
As per the on-going investigation into the Chinese e-commerce giant, the company has committed to regulated development. According to the regulatory authorities, Alibaba is suspected to be stopping its merchants…
Apple suspends business with Pegatron due to labor violations
The Taiwanese supplier will not receive any new business from Apple.
Apple freezes new business for Pegatron – the second-largest iPhone manufacturer based in China – after discovering the labor law’s violation concerning the student worker’s program. As announced by Apple…
TikTok and Sony Music sign the most awaited licensing deal
TikTok users granted access to the Sony Music collection.
TikTok has signed a licensing deal with the world’s second-largest music company Sony Music Entertainment. The deal’s requisites include that Sony Music will grant the TikTok community access to the…
US Places Restrictions on Chinese biggest chipmaker SMIC
Another company adds up to the list of restrictions.
The US places restrictions on China’s biggest chipmaker, SMIC. The Semiconductor Manufacturing International Corporation (SMIC) might no longer be able to import technology from the US it uses for manufacturing…
TikTok selects Oracle as its partner for US operations
Oracle wins TikTok's US Operations bid after Microsoft's Rejected.
ByteDance, the parent company of TikTok based in China, has decided to partner with Oracle Inc for its US operations after rejecting Microsoft’s acquisition offer. The social company had to…
How bad COVID-19 has hit the tech industry
Coronavirus is the biggest disruptor in tech industry lately.
The novel coronavirus COVID-19 so far has a devastating impact on the U.S. and many other state’s economies. As all the affected countries are trying to stem the spread of…
Foxconn expects to bring workers back to work by the end of March
Foxconn - the factory of the world - manufactures iPhone, PlayStation, Xbox, and many more gadgets.
Foxconn is bringing its workers back to work to resume the normal production in China by the end of March. More than half of the workforce has already started working…
Toyota invests $400 million in Pony.ai for Level 4 autonomous cars
Pony.ai is now a $3 billion company.
Pony.ai, an autonomous driving startup based in China, has received a total of $462 million in the latest funding round, led by Toyota Motor Corporation. The largest Japanese automaker has…