Asian stocks were mostly higher on Thursday after mixed gains on Wall Street following mixed economics reports. Benchmarks rose in Tokyo, Hong Kong and Sydney. China’s market regulator says it has launched an anti-monopoly probe into e-commerce giant Alibaba Group 9988, after shares in Shanghai fell. -8.13% Baba, + 0.14%, …
Read More »In a monopoly investigation, China has targeted Jack Ma’s Alibaba empire
Ten years war on internet business
Apple CEO Tim Cook (L) and Mark Zuckerberg, CEO and founder of Facebook. Getty Images (L) | Reuters (R) In October 2018, Apple Paul CEO Tim Cook criticized the business practices of Big Tech competitors in an influential speech at a privacy conference in Brussels. “Every day, billions of dollars …
Read More »Apple’s China app store shades videogames as Beijing tightens Internet control
Apple Pal Inc. China is booting thousands of videogame applications from its platform as the government tightens its grip on such content, highlighting the state-of-the-art technology company’s weakness on its business. The iPhone maker warned Chinese developers earlier this month that, according to a memo seen by the Wall Street …
Read More »Elon Musk considered selling Tesla to Apple, not Tim Cook
Elon Musk (R), owner of SpaceX and CEO of Tesla, arrives on the red carpet for the Excel Springer Awards in Berlin on December 1, 2020. Britta Pederson | AFP | Getty Images Tesla CEO Elon Musk on Tuesday Tweeted That he thought of selling his electric car company to …
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