Tag: china
Alibaba Group will spend $3.6 billion to take control of Chinese supermarket giant Sun Art
Alibaba Group said today it will spend about $3.6 billion to take a controlling stake in Sun Art, one of China’s largest big-box and supermarket chains. After the transaction is complete, Alibaba Group will own 72% of Sun Art. As in other countries, COVID-19 lockdowns increased demand for online food…
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China’s revamped law bans online services that ‘induce addiction’ in kids
China is implementing stricture measures in its bid to keep kids away from addictive digital content. The state-backed news agency Xinhua reported (via Reuters) that China has voted for revamped law that will ban internet products and services which… Source
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Honda’s electric SUV concept is a peek at a production vehicle
Honda has offered a look at its next electric vehicle, and it’ll be decidedly roomier than the E compact car. The automaker’s newly unveiled SUV E:concept is an unusual two-door utility that “indicates the direction” of a future production EV. The ma… Source
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Judge blocks US ban on WeChat app downloads
TikTok isn’t alone in avoiding a US ban, at least for now. Reuters reports that Judge Laurel Beeler has issued a preliminary injunction blocking a Commerce Department order that would remove WeChat from US app stores by the end of September 20th. Use… Source
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Trump approves TikTok deal with Oracle and Walmart ‘in concept’
TikTok appears to have avoided a US ban at the last minute… probably. President Trump has agreed to a deal “in concept” (via CNBC) that theoretically allays US security issues while letting it operate in the country. True to earlier discussions, Or… Source
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What we know about Trump’s ‘ban’ on TikTok and WeChat
When the Department of Commerce said Friday that it would soon bar all new downloads of WeChat and TikTok from US App Stores, it marked the latest escalation in the weeks-long saga over TikTok’s future in America. The drama has been playing out since… Source
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