Business May 12, 2021
After $260 billion slide, Alibaba aims to show the worst is over
by Coco Liu and Zheping Huang
Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.
After $260 billion slide, Alibaba aims to show the worst is over
Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.
As the world grays, Japan’s aging market showcases high-tech senior care
Home to the oldest population anywhere on Earth, Japan offers an opportunity to startups operating on medtech’s frontier.
A shaky future for Sony's Japan Studio after mass staff exodus
A slew of veteran game developers and producers announced their departure from the studio in advance of its April 1 restructuring.
Your car is about to be a software platform, subscriptions and all
Most major automakers are fleshing out a strategy for selling upgrades via over-the-air software updates, and a rash of them will start popping up in the wild in the next few months.
After tech crackdown, Xi looking to tap Chinese firms' wealth of data
Beijing is pouring money into digital infrastructure, with the goal of positioning China as a leader in transforming the world economy within decades.
Momentum grows in U.S. Congress for legislation confronting China
The developments are an indicator of the broad, bipartisan sentiment in Congress to counter China’s growing economic and strategic power.
Japan and U.S. plan to keep watch on Rakuten after Tencent investment
Rakuten said that the Tencent group company's acquisition of the stake is purely for investment purposes and rejected the possibility that shareholders would gain access to customer data.
U.K. to probe SoftBank's Arm sale to Nvidia on security grounds
The takeover, which was announced in September, would put vital supplies to several chipmakers under the control of a single player.
Record fine for Alibaba, gem of China's tech sector, likely to chill growth
The discord began after Jack Ma infamously rebuked "pawn shop” Chinese lenders, regulators who don’t get the internet and the "old men” of the global banking community.
A fairer world requires fairer tech. Here’s why.
In the decade ahead, a wave of technological solutions will touch and transform every part of our lives. These new solutions could either tackle existing problems — or exacerbate them while creating others. As tech can scale both progress or harm, the time is ...