Montana Governor Greg Gianforte on Wednesday signed legislation to ban the Chinese-owned short video app TikTok from operating in the state, making it the first US state to ban the popular short video app, reports Nikkei Asia. The legislation prohibits mobile application stores from offering TikTok within the state. Gov. Gianforte said the bill will further […]
Category: Tech, Media & Telecom
Chinese tech giant Tencent’s revenues accelerated in the first quarter as the world’s second-largest economy lurched back to life after the ending of the country’s zero-COVID policy, reports the Financial Times. The social media and gaming group on Wednesday reported an 11% rise in revenue to RMB 150 billion ($21 billion) in the three months to March, compared with […]
Baidu, which operates China’s biggest search engine and is an artificial intelligence (AI) pioneer, beat revenue estimates for the first quarter in the company’s first earnings report since it launched its alternative to ChatGPT in March, reports the South China Morning Post. The Beijing-based company reported revenue of RMB 31.1 billion ($4.5 billion) for the […]
Tencent Holdings, operator of the world’s largest video gaming business by revenue, unveiled more than 30 game updates and new projects in the pipeline at its annual Spark conference, as competition heats up in the industry after Beijing eased its regulatory crackdown, reports the South China Morning Post. Touting more updates and projects than last […]
China’s leading smartphone maker Oppo says it will shut down its semiconductor division and cease development of its own chips, citing a gloomy smartphone market and uncertainties in the global economy, reports Nikkei Asia. Oppo, the world’s No. 4 handset maker by shipments, confirmed on Friday it will “cease the operation” of ZEKU, the company’s […]