CHINA TOPIX

04/25/2024 12:43:44 pm

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Rina S.

China is reporting to be considering building an underwater lab in South China Sea.

China Plans to Build Underwater Laboratory in South China Sea Amid Dispute

China is reportedly planning to build an underwater lab in the disputed waters of the South China Sea.

Airbnb is planning to take steps against discriminatory practices prevalent on home sharing site.

Airbnb Promises to Fight Racism and Gender Discrimination by Hosts

Airbnb is planning to take steps to curb discriminatory practices by hosts on the home sharing website.

Uber

Uber and Fiat Chrysler may Collaborate on Autonomous Cars

Ride-sharing company Uber Technologies Inc. is reported to be in talks with Fiat Chrysler Automobiles NV for a potential collaboration on autonomous cars. According to the Wall Street Journal, the talks are still in the preliminary stage. Uber is also said to be holding talks with several other auto makers.

Amazon announced its new investment of $3 billion in India.

Amazon Plans to Invest $3 Billion to Boosts Position in India

Amazon is upping its game in India further by investing $3 billion in the emerging economy. The company's CEO Jeff Bezos announced the new initiative, which will take the e-commerce giant's total investment in India to $5 billion.

Yahoo! will hold on to its Alibaba shares.

Yahoo Puts 3,000 Patents up for Sale

Struggling web company Yahoo has put 3,000 of its patents up for an auction. The company expects to generate over $1 billion in proceeds from the sale. Yahoo has hired boutique investment bank Black Stone IP LLC for this purpose. The bank specializes in patent sales.

Baidu

Baidu Joins Hands with China Pacific Insurance, to Start Online Auto Insurance Business

Chinese online search behemoth Baidu Inc. announced a joint venture with China Pacific Property Insurance, a subsidiary of China Pacific Insurance Group Co. earlier this week.

China

China Draws Criticism over 'Increasingly Hostile' Business Environment for Foreign Companies

The European Union Chamber of Commerce, which represents more than 1,600 European companies operating in China, expressed its growing concern over the "hostile" business environment for foreign companies in the country.

Facebook cleared rumors about mic eavesdropping

Facebook Denies Eavesdropping on Users for Customizing Advertisements, Modifying News Feed

Facebook has issued a statement, categorically denying rumors that it listens to its users' conversations using their phone's mic in order to display ads or modify News Feed preferences.

Norway may ban fossil fuel driven cars

Norway to Ban Sales of Petrol and Diesel Powered Cars by 2025

Norway is expected to ban the sale of gas-powered cars within the next decade.

SnapChat CEO Evan Spiegel

Snapchat Acquires Seene: May Develop 3D Selfies

Messaging app Snapchat has acquired tech startup Seene, a "3D photo app maker." Snapchat is likely to use the startup's technology to improve several of its functions including 3D photo formats and improved lens performance. Snapchat is growing, the company recently overtook Twitter in terms of daily active users.

Tinder

Tinder to Become More Trans-Friendly After Accusations of Bullying

Popular dating app Tinder is planning to unveil new transgender-friendly features soon. Currently, Tinder does not cater to transgender users with its binary gender classification of male and female only. Some transgener people have called for a ban on Tider who they accuse of bullying.

Baidu Plans to Commercialize Driverless Cars by 2021

Baidu's Self-Driving Cars to be Introduced in China by 2021

Chinese search engine behemoth Baidu is looking to diversify its portfolio. The company announced on Friday that it is looking to start mass producing self-driving cars in five years' time period.

Elon Musk Plans to send humans to Mars by 2024

Musk to Send People to Mars by 2024

SpaceX CEO Elon Musk is optimistic about colonizing Mars by 2024. Speaking at Recode's Code Conference, he hinted that he would like to live on Mars too. Earlier this year, SpaceX announced that its plans to send an unmanned spacecraft to the red planet by 2018.

Chinese cab-hailing app Didi

Didi Claims to be Making Profit in 200 Cities in China

Didi Chuxing Technology Co., the largest ride-hailing company in China, has revealed that it is earning profits in more than half of the cities it is currently active in. The company is operating in about 400 cities in China.

Peter Thiel will retains his board seat with Facebook

Facebook to Keep Peter Thiel on its Board: Steers Clear of Hogan Case

Facebook COO Sheryl Sandberg has confirmed that the company will retain billionaire investor Peter Thiel on its board. Thiel is currently embroiled in a controversy for allegedly bankrolling Hulk Hogan's case against Gawker.

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