Tag Archives: StateBacked

Yandex NV, which runs Russia’s largest search engine and ride-hailing service, sold its media interests to a state-backed company, deepening the Kremlin’s control over the Russian internet. Often referred to as “Russia’s Google,” Yandex said it was selling its news aggregator, its Zen social-media platform and its homepage to VK, Russia’s largest social-media company, in exchange for VK’s food delivery app Delivery Club. Source link

Google has warned of a surge in activity by government-backed hackers this year, including attacks from an Iranian group whose targets included a UK university. The search group said that so far in 2021 it had sent more than 50,000 warnings to account holders that they had been a target of government-backed phishing or malware attempts. This represents an increase of a third on the same period last year, Google said in a blogpost, with the rise attributed to an “unusually large campaign”… Source link

(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