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July 25, 2021

IT Services & Consulting (TRBC level 4)

China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

Chinese Internet firms pledge to avoid anti-competitive behaviors

Reuters
FILE PHOTO: A Baidu sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song/File Photo BEIJING (Reuters) – A dozen Chinese Internet platform companies pledged to avoid anti-competitive behaviors such as forcing vendors to use their platform exclusively, according to a......

China’s Ant Group to become financial holding company: central bank

Reuters
FILE PHOTO: A thermal imaging camera is seen in front of a logo of Ant Group at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo BEIJING (Reuters) – Ant Financial, the fintech affiliate of Alibaba Group Holding Ltd,......

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo SHANGHAI (Reuters) -Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its......

Twitter says in process of identifying new independent board director

Reuters
April 1 (Reuters) – Twitter Inc said on Thursday it was in the process of identifying a new independent director for its board. The company also said board member Jesse Cohn, who is also hedge fund Elliott Management’s head of U.S. equity activism, will be nominated for re-election as a......

Facebook messaging service gets delayed Brazil nod for payments

Reuters
FILE PHOTO: A logo of WhatsApp is pictured on a T-shirt worn by a WhatsApp-Reliance Jio representative during a drive by the two companies to educate users, on the outskirts of Kolkata, India, October 9, 2018. REUTERS/Rupak De Chowdhuri SAO PAULO (Reuters) – Brazil’s central bank on Tuesday cleared the......

Bilibili shares set to fall 2.2% in Hong Kong trading debut

Reuters
HONG KONG (Reuters) – Chinese online video site Bilibili Inc’s shares are set to fall 2.2% to HK$790 from the company’s secondary listing price when the company starts trading in Hong Kong on Monday. The firm raised HK$20.2 billion ($2.6 billion) after pricing shares at HK$808 each last week. Reporting......

China regulators held talks with Alibaba, Tencent, ByteDance on ‘deepfake’ technologies

Reuters
BEIJING (Reuters) – China’s cyberspace regulator said on Thursday it and the public security ministry had held talks with Alibaba, Tencent, ByteDance and Kuaishou on potential problems with ‘deepfake’ technologies. Deepfake technology merges, replaces or superimposes content on a video, making it appear to be authentic. Reporting by Yingzhi Yang......

Facebook switches news back on in Australia, signs content deals

Reuters
By Renju Jose, Jonathan Barrett SYDNEY (Reuters) – Facebook Inc ended a one-week blackout of Australian news on its popular social media site on Friday and announced preliminary commercial agreements with three small local publishers. FILE PHOTO: A 3D-printed Facebook logo is seen in front of a displayed Australian flag......

UPDATE 1-Former Bank of England Governor Carney joins board of digital payments company Stripe

Reuters
(Updates with Carney’s statement) Feb 21 (Reuters) – Mark Carney, former head of the UK and Canadian central banks, has joined the board of U.S. digital payments company Stripe Inc, days after the company was reported to be planning a primary funding round valuing it at over $100 billion. “Regulated......

Twitter warns user growth to slow, beats sales and profit targets

Reuters
By Elizabeth Culliford, Munsif Vengattil (Reuters) – Twitter Inc on Tuesday posted 27% user growth, missing Wall Street estimates, and warned this rate would slow in the upcoming quarters as a boost from the pandemic fizzles. The social media company, which beat quarterly sales and profit estimates, said expenses would......

UPDATE 1-Business investments into Singapore rise 13%, highest in over a decade

Reuters
(Adds details, quotes) SINGAPORE, Jan 20 (Reuters) – Business investment commitments into Singapore rose 13% last year to their highest in more than a decade, helped by sectors such as semiconductors, energy and chemicals even as the city-state suffered its worst recession from the COVID-19 pandemic. Commitments for investments in......

Netflix says borrowing to end as global membership tops 200 million

Reuters
By Lisa Richwine, Eva Mathews (Reuters) – Netflix Inc said on Tuesday its global subscriber rolls crossed 200 million at the end of 2020 and projected it will no longer need to borrow funds to keep financing its broad slate of streaming TV shows and movies, sending shares up 12%......

Netflix beats estimates for paid subscriber additions

Reuters
FILE PHOTO: The Netflix logo is seen on the company’s office in Hollywood, Los Angeles, California, U.S. July 16, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – Netflix Inc beat Wall Street estimates for holiday quarter paid subscriber additions on Tuesday, as its originals like “Bridgerton” and “The Queen’s Gambit” helped attract......

China’s Geely to work on smart car technologies with Tencent

Reuters
FILE PHOTO: The Geely Automobile Holdings logo is pictured at the Auto China 2016 auto show in Beijing, China April 25, 2016. REUTERS/Kim Kyung-Hoon BEIJING/SHANGHAI (Reuters) – China’s Zhejiang Geely Holding Group said on Tuesday it has signed an agreement with Tencent Holdings Ltd to develop smart vehicle cockpit and......

China’s market regulator approves Cisco buy of Acacia, with some curbs

Reuters
FILE PHOTO: A visitor uses a mobile phone in front of the Cisco booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Rafael Marchante SHANGHAI (Reuters) – China’s market regulator said on Tuesday it has approved plans for Cisco Systems Inc’s. purchase of Acacia Communications Inc, as......

Indian shares hit record high as banks, Airtel gain

Reuters
BENGALURU, Jan 13 (Reuters) – Indian shares rose on Wednesday to a record high as the country’s retail inflation eased, bolstering banking stocks, and Bharti Airtel gained after the telecom operator initiated process to increase foreign investment limit. Investors also await results from technology heavy weights Infosys Ltd and Wipro......

YouTube removes new content uploaded to Trump’s channel

Reuters
Jan 12 (Reuters) – Alphabet Inc’s YouTube has removed new content uploaded to President Donald Trump’s channel as it violated policies for inciting violence, the company said late on Tuesday. The channel is now prevented from uploading new videos or livestreams for a minimum of seven days-which may be extended,......

UPDATE 1-Parler sues Amazon for site takedown, citing antitrust violation

Reuters
(Adds details from complaint, attempts to reach companies for comment) Jan 11 (Reuters) – Parler, a social networking service favored by many supporters of U.S. President Donald Trump, sued Amazon.com Inc on Monday, accusing its Web hosting service of violating antitrust law by suspending its account. In a complaint filed......

China’s Baidu to create an intelligent EV company with automaker Geely

Reuters
A logo of Baidu is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song BEIJING (Reuters) – China’s search engine giant Baidu Inc said it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart......

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