BUSINESS
In the latest chapter of ongoing tensions between TikTok and the U.S. government, the wildly popular social media platform has filed a lawsuit against the latter. The legal action comes in response to a new law mandating the app's divestment from its Chinese parent company, ByteDance, or face an outright
Chinese Real Estate Giant Evergrande Teetering on the Brink of Bankruptcy
Evergrande, one of the world’s most indebted real estate developers, is reportedly so crippled with debt...
Investors ‘Sell’ Chinese Tech Stocks as Beijing Continues Crackdown
The Chinese Communist Party’s crackdown on the country’s tech companies has wiped out a trillion dollars...
Chinese State Firm Claims Stake in TikTok’s Sibling Company
In April, ByteDance, which owns TikTok, sold a one percent stake in its subsidiary company Beijing ByteDance...
Hacker Who Stole $600M in Cryptocurrency Offered Job and Reward From the Company He Stole From
A week after a hacker perpetrated what many are calling the largest cryptocurrency heist in history,...
Companies Stockpile Cash As Delta Variant Fears Linger
Companies have been keeping a record amount of cash, despite concerns surrounding disruptions from Covid...
Global Semiconductor Supply Shortage, Nissan Shuts Down Operations at US Plant
Japanese carmaker Nissan is temporarily suspending operations at its assembly plant in Tennessee. The...
Nike Turns Blind Eye to Genocide: ‘Business in China is Aligned to Our Values’
Nike is claiming that its values align with how it operates in communist China. The company has made...
China Barrels Forward With Massive Injection of Capital Into Aviation Industry in an Attempt to Compete
Amidst draconian lockdowns and travel restrictions due to surging cases of the novel coronavirus, China...
Huawei Accused of Installing ‘Backdoor’, Stealing Trade Secrets During Massive Project Undertaken for
Business Efficiency Solutions LLC (BES), a California based software company, is suing Huawei in a Californian...