Tag: china
Karma Automotive to lay off 60 more workers at California headquarters
Karma Automotive is laying off 60 workers at its Irvine, Calif., headquarters, just three months after cutting 200 workers, according to documents filed with the California Employment Development Department. The Chinese-backed California-based startup filed the notice under the Worker Adjustment and Retraining Notification Act, which requires employers to alert the…
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Mastercard given approval to prepare for entry into China’s payments market
After years of unsuccessful attempts to enter China’s massive $27 trillion payments market, Mastercard announced today it has won approval from the People’s Bank of China (PBOC) to begin formal preparation to set up a bank card clearing institution in China. The news is a significant step toward Mastercard being…
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Tesla ramps up solar tile roofs installations in U.S., eyes China and Europe expansion
Tesla appears to be ramping up installations of its solar tile roofs in the San Francisco Bay area and will eventually roll out to Europe and China, according to CEO Elon Musk who in a series of tweets provided the first substantial update since the company launched the third iteration…
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Sony latest phone maker to pull out of MWC over coronavirus outbreak
Japanese electronics firm Sony is the latest phone maker to announce it’s withdrawing from the Mobile World Congress (MWC) tradeshow — citing concerns about the coronavirus outbreak. “As we place the utmost importance on the safety and wellbeing of our customers, partners, media and employees, we have taken the difficult…
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Google and Facebook turn their backs on undersea cable to China
Google and Facebook seem to have resigned themselves to losing part of the longest and highest profile internet cable they have invested in to date. In a filing with the Federal Communications Commission last week, the two companies requested permission to activate the Pacific Light Cable Network (PLCN) between the…
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‘Apex Legends’ is the next big game to try to crack China’s mobile market
During its earnings call last week, EA confirmed that a mobile version of Apex Legends is definitely in development. Executives didn't say when it's expected to launch, but they did mention they're building the smartphone version with a partner… Source
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