Huawei Technologies, already getting squeezed out of Europe’s vast market for the next generation of telecommunications equipment, is under siege in another fast-growing business: cloud computing.
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Huawei Technologies is in talks with Digital China Group and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to $3.7-billion, people with knowledge of the matter said.
China is cementing its status as the world’s dominant trading nation, confounding warnings that a once-in-a-century pandemic combined with simmering tensions with the US would derail that status.
Financial leaders of the world’s seven biggest economies will say on Tuesday that they oppose the launch of Facebook’s planned libra stablecoin until it is properly regulated, their draft statement showed.
Huya has agreed to buy DouYu International Holdings in an all-share deal that will create a Chinese game-streaming giant with a market value of more than $11-billion.
Social media companies are facing heightened scrutiny and pressure to do more to keep their platforms from becoming vectors of misinformation, election meddling and all-around disorder as the US gets ready to vote.
AMD is in advanced discussions to buy Xilinx in a takeover that could be valued at US$30-billion, according to people familiar with the matter.
Every toy, gadget and item you see on YouTube could soon be for sale online – not on Amazon, but right on YouTube itself.
The British parliament’s defence committee said on Thursday that it had found clear evidence that Huawei had colluded with the Chinese state. Huawei has rubbished the claims.
Central banks have identified key criteria for issuing their own digital currencies in a report from the Bank of International Settlements.