TikTok has become enormously popular with teens and young adults globally, and one U.S. senator is sounding the alarm on the security risks that the Chinese-operated app poses to the general public. “My kids are now in their early 30s and late 20s, so I can’t completely regulate what they’re doing,” Sen. Mark Warner (D-VA) recently said on Yahoo Finance Live (video above). “But if I had young kids, I wouldn’t want them on TikTok.” Warner, a former technology and telecommunications executive… Source link
Read More »China’s Big Tech crackdown is about protecting the Communist Party
This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe China is relentlessly cracking down on tech giants ranging from ride-sharing firm Didi (DIDI) to internet giant Tencent and Alibaba (BABA) affiliate Ant Financial Group. Along the way, billions of dollars have been washed away, as Chinese stocks tank amid concerns that what were once easy growth… Source link
Read More »From taking on Yahoo to being tamed by China’s Communist Party— it’s been a roller coaster decade for Jack Ma
In a pandemic year that saw businesses across the world take a big hit, Alibaba wasn’t immune to the impact of COVID-19, especially given the fact that the coronavirus pandemic began in China. Alibaba’s market value is a whopping $600 billion, and hopes are pinned on the dual IPO in Shanghai and Hong Kong bourses. But a massive blow comes for the e-commerce giant as Alibaba and Ant Group’s $34 billion initial public offering (IPO) was suspended by the Shanghai Stock Exchange. The Shanghai… Source link
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