China

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 (PBOC) said on Monday that it was lowering the interest rate on 700...

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 from using the rival platforms such as JD.com and Pinduoduo, so that they...

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 Inc. on Monday, the Pegatron Co. falsified paperwork to disguise about the...

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 catalog of its current hits, favorites, all-time classics, and new releases. This agreement...

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 chips. The Trump administration fears the use of US technology will empower the...

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 make a rushed decision as it nears 20th September's deadline to sell its...

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 the virus, life seems to be slowly grinding to a halt. This grind...

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 following the coronavirus outbreak.  The Taiwanese firm, Foxconn, stopped and postponed the production due...

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 funded $400 million into Pony.ai, followed by Sequoia, KUNLUN, IDG Captial, and ClearVue Partners. The...

MWC 2020 organizers, GSMA, announced that the Mobile World Conference is not going to happen this year. After that, several tech companies declared they would not be attending the annual trade show due to coronavirus, the association has officially canceled the show on Feb 12. GSMA...