HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.
Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.
The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.
The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.
(Reuters) – Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter.
The deal would come as Triller seeks to capitalize on TikTok’s woes. U.S. President Donald Trump’s administration has ordered TikTok’s Chinese parent ByteDance to divest the app, citing concerns that the data of U.S. citizens could be accessible to China’s Communist Party government. TikTok has sued the U.S. government to stave off a ban from U.S. app stores while deal negotiations continue.
Triller, which was launched in 2015 and only has a fraction of the 100 million users that TikTok boasts in the United States, has said it hopes that the uncertainty over its rival’s future will drive more influencers and users to its platform.
NEW DELHI (Reuters) – Alphabet Inc’s Google is facing a new antitrust case in India in which the U.S. tech giant is alleged to have abused its Android operating system’s position in the smart television market, a source and two lawyers involved in the case told Reuters.
The case is Google’s fourth major antitrust challenge in India, one of its key markets where it is currently facing public criticism from local startups for enforcing certain policies and company charges they contend hurt their growth.
It also comes as Google faces new antitrust challenges in the United States, and a potential antitrust probe in China that is set to look into how it allegedly uses its dominance of its Android mobile operating
In a letter to the News Media Association, the industry organisation that represents all major national and local newspaper publishers, the Queen said: “The Covid-19 pandemic has once again demonstrated what an important public service the established news media provides, both nationally and regionally.
“The efforts of the news media to support communities throughout the United Kingdom during the pandemic have been invaluable – whether through fundraising, encouraging volunteering, or providing a lifeline for the elderly and vulnerable to the outside world.”
The statement was issued to coincide with the launch of the News Media Association’s Journalism Matters
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NEW DELHI (Reuters) – Dozens of India’s technology startups, chafing at Google’s local dominance of key apps, are banding together to consider ways to challenge the U.S. tech giant, including by lodging complaints with the government and courts, executives told Reuters.
Although Google, owned by Alphabet Inc GOOGL.O, has worked closely with India’s booming startup sector and is ramping up its investments, it has recently angered many tech companies with what they say are unfair practices.
Setting the stage for a potential showdown, entrepreneurs held two video conferences this week to strategise, three executives told Reuters.
“It’s definitely going to be a bitter fight,” said Dinesh Agarwal, CEO of e-commerce firm IndiaMART INMR.NS. “Google will lose this battle. It’s just a
(Reuters) – Home rental company Airbnb Inc is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 pandemic roiled the travel industry.
Airbnb will be one of the largest and most anticipated U.S. stock market listings of 2020 which has already been a blockbuster year for IPOs, featuring the likes of record label Warner Music Group WMG.O, data analytics firm Palantir Technologies PLTR.N and data warehouse company Snowflake Inc SNOW.N.
Airbnb said in August it had filed confidentially for an IPO with U.S. regulators.
Most biorefinery processes have relied on the use of biomass as a raw material for the production of chemicals and materials. Even though the use of CO2 as a carbon source in biorefineries is desirable, it has not been possible to make common microbial strains such as E. coli grow on CO2.
Now, a metabolic engineering research group at KAIST has developed a strategy to grow an E. coli strain to higher cell density solely on CO2 and formic acid. Formic acid is a one carbon carboxylic acid, and can be easily produced from CO2 using a variety of methods. Since it is easier to store and transport than CO2, formic acid can be considered a good liquid-form alternative of CO2.
With support from the C1 Gas Refinery R&D Center and the Ministry of Science and ICT, a research team led
BERLIN (Reuters) – The German government is planning tougher oversight of telecoms network vendors that, while stopping short of a ban on Huawei [HWT.UL], will make it harder for the Chinese company to keep a foothold in Europe’s largest market.
Three coalition and government sources said on Wednesday that an agreement had been reached in principle to extend scrutiny of a vendor’s governance and technology to Radio Access Networks (RAN) powering next-generation 5G services, in addition to the more sensitive core.
The Handelsblatt daily reported earlier that, after two years of wrangling, Chancellor Angela Merkel’s coalition had agreed on a formula for how to handle so-called
Visitors pass by the logo of Google at the high profile startups and high tech leaders gathering, Viva Tech, in Paris, France May 16, 2019.
Charles Platiau | Reuters
China is preparing to launch an antitrust probe into Alphabet’s Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said.
The case was proposed by telecommunications equipment giant Huawei Technologies last year and has been submitted by the country’s top market regulator to the State Council’s antitrust committee for review, they added.
A decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China’s relationship with the United States, one of the people said.
The potential investigation follows a raft of actions by U.S. President Donald Trump’s administration to hobble Chinese tech companies,