Tencent joined much of China’s Internet sector in a $290-billion selloff on Wednesday after Beijing signalled its strongest intentions yet to rein in Big Tech. Yet it’s in some ways better shielded than its peers.
Author: Agency Staff
South Africa’s unemployment rate jumped to 30.8% in the third quarter from 23.3% in the second quarter, the government statistics agency said on Thursday.
TikTok-owner ByteDance is on track to generate at least $27.2-billion in advertising revenue in China alone this year, which will cement its number two spot in China’s digital ad market, sources said.
ByteDance, the Chinese parent company of TikTok, has filed a petition with a US appeals court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok.
Toshiba said it will stop taking orders for new coal-fired power plants as it makes a wider push to embrace renewable energy, though will still complete work on about 10 further facilities.
Telkom is aiming to reduce the gap its shares are trading at to the net worth of its assets in the next three to five years, its CEO said on Tuesday, as the company drives to unlock value across its businesses.
Apple on Tuesday introduced a MacBook Air notebook and other computers with the first Apple-designed microprocessor, called the M1, a move that will tie its Macs and iPhones closer together technologically.
Zoom’s remarkable share price surge in 2020 took a huge hit on Monday after Pfizer said the Covid-19 vaccine it’s developing prevented more than 90% of infections in a study.
A representative of US President-elect Joe Biden lashed out at Facebook, alleging that the social media giant is “shredding the fabric of our democracy” in the aftermath of the American election.
Huawei plans to sell budget-brand smartphone unit Honor in a $15.2-billion deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, sources said.