Business

TikTok's Hong Kong exit a 'win-win' business move

Viral video platform TikTok's withdrawal from Hong Kong is a savvy commercial move that sidesteps thorny privacy issues but it will not shield the app completely from accusations of collusion with China, experts say.

Internet

Utah social media law means kids need approval from parents

Children and teens in Utah would lose access to social media apps such as TikTok if they don't have parental consent and face other restrictions under a first-in-the-nation law designed to shield young people from the addictive ...

Business

Chinese central bank boss vows to further fintech crackdown

China will strengthen supervision of the online payments industry and continue its anti-monopoly crackdown, the governor of the central bank said, indicating Beijing will press ahead with a regulatory crackdown on the country's ...

Internet

Massive outage hits Google services worldwide

A massive blackout on Monday temporarily disrupted popular Google services such as Gmail and YouTube, derailing the remote learning, work and entertainment that people have come to rely on during the pandemic.

Business

Universal Music worth $53 bn as shares soar on stock debut

Shares in Universal Music, the world's biggest major label with a lineup of megastars from The Beatles to Taylor Swift, surged on its stock market debut Tuesday, giving the company a valuation exceeding $50 billion.

Business

China's JD to spin-off two units, list in Hong Kong

E-commerce giant JD.com will spin off its industrial and property units and take both of them public, the company said, in the latest reorganization of a major Chinese tech firm.

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