Scott Morrison says athletes will compete in next year’s Games because sport and politics should not mixGet our free news app; get our morning email briefingThe prime minister, Scott Morrison, has confirmed Australian officials will not attend the Beij…
Trading halt for China developer Kaisa stokes fresh jitters in property sector
Suspension comes amid concerns Kaisa, China’s largest holder of offshore debt after Evergrande, may not meet a $400m repayment deadlineTrading in shares of embattled Chinese developer Kaisa Group Holdings have been suspended on the Hong Kong stock exch…
Autonomous driving startup Deeproute.ai prices L4 solution at $10,000
Deeproute.ai, an autonomous vehicle startup with offices in Shenzhen and Fremont, California, unveiled an ambitious self-driving solution on Wednesday. The package, named DeepRoute-Driver 2.0, is a production-ready Level 4 system that costs approximately $10,000. The price tag is incredible given the hardware used: five solid-state lidar sensors, eight cameras, a proprietary computing system, and an […]
Hong Kong fintech unicorn WeLab raises $240M to buy Indonesian bank
A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, WeLab is planning to launch a digital bank to capture the country’s enormous unbanked population in the second half of next year. A consortium led […]
China ‘Modified’ the Weather To Create Clear Skies For Political Celebration, Study Finds
Chinese weather authorities successfully controlled the weather ahead of a major political celebration earlier this year, according to a Beijing university study. The Guardian reports: On 1 July the Chinese Communist party marked its centenary with maj…
Microsoft seizes control of websites used by China-backed hackers
Microsoft has seized control of a number of websites that were being used by a Chinese government-backed hacking group to target organizations in 29 countries, including the U.S. Microsoft’s Digital Crimes Unit (DCI) said on Monday that a federal court in Virginia had granted an order allowing the company to take control of the websites […]
Alibaba undergoes major management reshuffle
Alibaba is reassigning roles to four of its executives in one of the biggest reshuffles in its recent history, the company announced on Monday morning. Maggie Wu, the e-commerce titan’s former chief financial officer, will step down next April and be replaced by Toby Xu, current deputy CFO. Wu will continue to be a partner […]
Is the UK government’s new IoT cybersecurity bill fit for purpose?
Internet of Things (IoT) devices — essentially, electronics like fitness trackers and smart lightbulbs that connect to the internet — are now part of everyday life for most. However, cybersecurity remains a problem, and according to Kaspersky, it’s only getting worse: there were 1.5 billion breaches of IoT devices during the first six months of […]
China’s ride-hailing giant is delisting from the New York Stock Exchange
China’s ride-hailing behemoth Didi has begun the procedure of delisting from the New York Stock Exchange and applying to list in Hong Kong instead, the company announced via a Weibo post on Friday morning. The decision came days after Bloomberg reported the Chinese government had asked Didi to delist from the U.S. out of security […]
Meru.com takes in new capital toward its goal of being LatAm’s ‘Alibaba’
Meru customers can select and purchase products in minutes with a guarantee from the company that they will receive those products and at the best market prices.