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.
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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.
China’s technology industry, one of Donald Trump’s main targets in Washington’s tussles with Beijing, hopes Joe Biden can create a more constructive relationship – but few think the rivalry will de-escalate.
Apple has suspended new business with key supplier Pegatron after discovering labour violations at a student workers’ programme, taking strong action to clean up its Chinese-focused production chain.
China’s move to halt Ant Group’s massive stock debut could reduce the fintech giant’s value by as much as $140-billion, according to analysts’ revised estimates.
ByteDance is in discussions over a $2-billion financing round before listing some of its businesses in Hong Kong, people familiar with the matter said, as talks over a sale of TikTok to Oracle and Walmart stall.
The shock suspension of Ant Group’s $35-billion initial public offering is just the beginning of a renewed campaign by China to rein in the fintech empire controlled by Jack Ma.
Almost $1-billion (R16.2-billion) worth of bitcoin that likely originated from Silk Road is on the move, according to blockchain tracker Elliptic.
Two weeks ago, Jack Ma somehow found the time to opine on China’s banking system at a high-profile financial forum in Shanghai, once again throwing himself into the eye of the storm. That’s now costing him big time.