Last year, a veteran Silicon Valley software executive took the helm of a startup in his native China, company records show. The startup told potential investors it would sell microchip design software that is mostly available from just a handful of large Western companies.
Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba , which was fined 1 billion yuan ($140.68 million) for monopolistic practices.
Chinese tech giant Huawei Technologies (HWT.UL) expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an internal new year message seen by Reuters.
Elon Musk’s X on Thursday failed to block a California state law that requires social media companies to publicly disclose how they moderate certain content on their platforms.
Australia’s Eagers Automotive said on Friday a cyber incident impacting some of its IT systems is affecting the company’s ability to finalise transactions for certain new vehicles, which have been sold and ready for delivery.
A federal judge ruled on Thursday that cryptocurrency entrepreneur Do Kwon and his company Terraform Labs violated U.S. law by failing to register two digital currencies that collapsed in 2022.
Alphabet’s Google has agreed to settle a lawsuit claiming it secretly tracked the internet use of millions of people who thought they were doing their browsing privately.
A U.S. bankruptcy judge has approved cryptocurrency lender Celsius Network’s pivot to bitcoin mining, ruling that the company could deviate from a previously approved bankruptcy plan because creditors and customers were no worse off under the new restructuring.
Kazakhstan-based fintech heavyweight Kaspi.kz disclosed a surge in profits and revenue for its most recent quarter on Thursday, when it took another step towards a U.S. listing by making its IPO paperwork public.
