Chinese retailer JD.com (JD) has taken investors on a wild ride this year. Since hitting a high of more than $108 per share earlier this year, shares of this embattled e-commerce player have sunk to below $70 per share of late. Indeed, there are many reasons for this. In general, investors appear to be wary of Chinese tech stocks right now due to regulatory and geopolitical risk. The Chinese government has begun to assert its power over these tech monoliths in a big way. If this power struggle… Source link
Read More »Windows 11 taskbar is a downgrade, but it’ll eventually get better
If you’re lucky enough to meet the requirements for Windows 11, you’ll be losing some taskbar features when you upgrade to the new operating system. The new version of Windows 11 is based on modern WinUI, XAML and UWP components. It will sport a new File Explorer, Start Menu, Action Center, enhancements to Windows desktop apps interface, rounded corners, new context menus, faster performance, hardened security, and a centered taskbar. While this is certainly… Source link
Read More »Hong Kong dismisses Google, Facebook warning over privacy laws | China News
Carrie Lam, the chief executive of Hong Kong, has brushed off a warning by major tech companies including Google, Facebook and Twitter that they may quit the Chinese-controlled city if authorities go ahead with plans to change privacy laws. Lam told reporters on Tuesday that the proposed changes would only target illegal “doxxing” – the act of sharing people’s private details online without their consent. That practice came under scrutiny in Hong Kong during the anti-government… Source link
Read More »Brazil’s Bitcoin Banco Group and Leader Arrested for Alleged Embezzlement of $300M in Crypto
Associated Press Iraqi militia commander vows to avenge deaths in US strike The leader of an Iran-backed Iraqi militia has vowed to retaliate against America for the deaths of four of his men in a U.S. airstrike along the Iraq-Syria border last month, saying it will be a military operation everyone will talk about. Abu Alaa al-Walae, commander of Kataib Sayyid al-Shuhada, said in an exclusive interview with The Associated Press in Baghdad that the electoral victory of Iran’s hard-line… Source link
Read More »Google, Facebook and other tech companies threaten to quit Hong Kong over privacy law | Hong Kong
An Asian industry group that includes Google, Facebook and Twitter has warned that tech companies could stop offering their services in Hong Kong if the Chinese territory proceeds with plans to change privacy laws. The warning came in a letter sent by the Asia Internet Coalition, of which all three companies, in addition to Apple Inc, LinkedIn and others, are members. Proposed amendments to privacy laws in Hong Kong could see individuals hit with “severe sanctions”, said the 25 June letter… Source link
Read More »Suning.com Gets $1.36 Billion State-Backed, Alibaba Bailout
(Bloomberg) — Chinese billionaire Zhang Jindong secured a $1.36 billion state-backed bailout for the troubled retail arm of his Suning empire, marking another step in Beijing’s efforts to clean up its heavily indebted conglomerates. A group of investors, led by the Nanjing state asset management committee and the Jiangsu provincial government, will take a 16.96% stake in Suning.com Co., according to a statement Monday. The deal was struck at 5.59 yuan a share, the near eight-year low the… Source link
Read More »Bitcoin.org Hit With DDoS Attack, Bitcoin Demanded as Ransom
Shortly after being entwined in a legal decision in the U.K., the Bitcoin.org website has faced another battle, this time on the technical front. According to the site’s pseudonymous operator, Cobra, Bitcoin.org was hit with an “absolutely massive” distributed denial of service (DDoS) attack. CoinDesk was able to access the site without issue. Decrypt reported on Monday that attackers had demanded 0.5 bitcoin ($17,012) to have the site’s services and operations restored to… Source link
Read More »When Will China Rule the World? Maybe Never
(Bloomberg) — When will China overtake the U.S. to become the world’s biggest economy? Few questions are more consequential, whether it’s for executives wondering where long-term profits will come from, investors weighing the dollar’s status as global reserve currency, or generals strategizing over geopolitical flashpoints. In Beijing, where they’ve just been celebrating the 100th anniversary of the Chinese Communist Party, leaders are doing their best to present the baton-change as… Source link
Read More »Chinese regulators suggested Didi delay its U.S IPO: WSJ
(Reuters) – China’s cybersecurity watchdog suggested Didi Global Inc delay its initial public offering and urged it to review its network security, weeks before the Chinese ride-hailing giant went public, the Wall Street Journal reported on Monday, citing people familiar with the matter. It isn’t known whether Didi carried out its own review, according to the WSJ report. [https://on.wsj.com/3jKuGWx] But a person close to the company told the newspaper the company ultimately decided to go… Source link
Read More »Teens Are Taking High Paying Jobs, Filling Employment Gaps Left by Adults During COVID
kate_sept2004 / Getty Images Teenagers are suddenly a hot commodity in the U.S. labor market this summer, as employers scramble to fill jobs in a market where numerous industries face severe worker shortages. See: Teens Can Expect Plenty of Job Opportunities This Summer, and Wages Are UpFind: Should Teens Save for College or Retirement? Take Our Poll Nearly six million Americans between the ages of 16 and 19 are leveraging a shortage of adult workers to find jobs this summer, the Financial… Source link
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