HONG KONG/BEIJING: China’s cybersecurity regulator on Thursday fined Didi Global Inc $1.2 billion, concluding a probe that forced the ride-hailing leader to delist from New York within a year of its debut and made foreign investors wary about China’s tech sector. Read full storyContinue Reading
BEIJING: A Chinese district regulator said it is carrying out inspections of 45 Pizza Hut stores in Beijing after one was accused by the media of food safety breaches. The market regulator of Beijing’s Haidian district said late on Wednesday (Jul 20) that it had visited the branch in questionContinue Reading
SEOUL: South Korea on Thursday (Jul 21) proposed a series of tax cuts for companies, workers and retail investors in stocks to support private-sector led economic growth as President Yoon Suk-yeol had pledged in the election campaign. In his first annual tax code revision, the Yoon administration proposed cutting theContinue Reading
Dongguan Koppo Electronics Co has decided to cease operations partly because of delayed payments by cross-border ecommerce merchants. The Bluetooth headphone maker, which has been in business for 12 years, is expected to lay off 100 workers. Read full storyContinue Reading
JOHOR BARU: Johor Ruler Sultan Ibrahim Ibni Almarhum Sultan Iskandar has visited the site of the Rapid Transit System (RTS) Link at the Woodlands North terminal in Singapore during his three-day visit to the island republic. Read full storyContinue Reading
NEW DELHI: On Feb. 2, when Meta Platforms reported Facebook’s first-ever quarterly drop in daily users, its finance chief identified higher mobile data costs as a unique obstacle slowing growth in India, its biggest market. On the same day, the U.S. tech group posted the findings of its own researchContinue Reading
NEW DELHI: On Feb 2, when Meta Platforms reported Facebook’s first-ever quarterly drop in daily users, its finance chief identified higher mobile data costs as a unique obstacle slowing growth in India, its biggest market. On the same day, the US tech group posted the findings of its own researchContinue Reading
Wang Xuancheng has three million followers and regularly posts pictures of her lavish lifestyle and boasts about how much money she spends. A recent post of her posing with a police helicopter triggered a backlash and raised questions about her access to government aircraft. Read full storyContinue Reading
KUALA LUMPUR: CIMB Thai Group posted a net profit of THB2.12bil (RM257.04mil)in the first half of 2022, a 121.6% jump over its performance in the same period last year as the group reined in operating expenses and expected credit losses. Read full storyContinue Reading
PUTRAJAYA: Malaysia has carried out a number of initiatives to curb human trafficking, even though its efforts were not reflected in the US State Department’s Trafficking in Persons Report which ranked the country on the lowest tier. Read full storyContinue Reading