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Jack Ma Wealth Surges Above Walmart Heirs’ With Record Ant IPO

Jack Ma, the former English teacher who co-founded Alibaba Group Holding Ltd. with $60,000, is poised to become the world’s 11th richest person after Ant Group Co. priced shares for a record initial public offering.

Digital yuan will not compete with WeChat Pay or Alipay

China’s digital yuan will not compete with private apps like WeChat Pay and Alipay, but it may have to contend with counterfeit digital wallets.

Amazon gets on ‘secretive’ UK government panel on post-Brexit supply rules while benefiting financially from own ‘advice’ – report

Online retail giant Amazon is ensuring a lucrative future in UK government contracts, guiding a “secretive” Cabinet Office panel on making policy on post-Brexit procurement of goods and services, a fair tax advocate has revealed.

China moves to legalise digital yuan, ban competitors with new draft law

Head of the central bank’s digital currency research institute acknowledges potential problems with digital yuan, but says these reinforce the need for central bank oversight.

Zoom Deleted Events Discussing... Zoom-Censorship

The action follows the company canceling an event at San Francisco State University where Leila Khalid was meant to give a talk.

Google was forced to remove apps from its app store after they violated children's data collection laws

Google removed the Princess Salon, Number Coloring and Cats & Cosplay apps

Microsoft quietly prepares to avoid spotlight under Biden

Microsoft senior executives have donated more to Biden during the primaries than any other large tech company

Therapy patients blackmailed for cash after clinic data breach

Many patients of a large psychotherapy clinic in Finland have been contacted individually by a blackmailer, after their data was stolen.

Research Shows Big Tech Avoided $2.8 Billion in Tax to Developing Countries

Twenty countries across Asia, Africa, and South America are missing out on as much as US$2.8 billion in tax revenue from Facebook, Apple, and Google alone, new research by the organization ActionAid revealed on Monday. 

Apple supplier Foxconn looks to counter a rising Chinese competitor

Foxconn, the world’s largest electronics contract manufacturer, is increasingly wary of Chinese competitor Luxshare, which could eat into its business with Apple.

Bitcoin has 'considerable' upside as it better competes with gold as alternative currency, JPMorgan says

Bitcoin's 2020 surge could be set to continue as the digital cryptocurrency better competes with gold as an "alternative" currency, JPMorgan said in a note on Friday.

Adversaries call for reform of Big Tech after Justice Department sues Google

Calls for increased regulation of Big Tech have been amplified following the Justice Department's filing of a landmark antitrust suit against Google this week.

Facebook deploys aggressive measures to combat election unrest

Facebook executives are implementing emergency measures reserved for "at-risk" countries in a company-wide effort to bring down the online temperature.

Jack Ma urges financial regulation reform on eve of Ant Group IPO

Jack Ma urges financial regulation reform on eve of Ant Group’s ‘biggest IPO in history’

Samsung chairman Lee Kun-hee dies after long illness

Lee Kun-hee, the chairman of South Korean electronics giant Samsung, died Sunday at the age of 78, the company said. He had been comatose since suffering a heart attack in 2014.

Snapchat cofounders net $2.2B in one week as coronavirus boosts usage

SNAP now boasts 249 million daily active users.

Judge again blocks Trump administration push to ban WeChat in the US

The government has not presented enough evidence that WeChat is a security risk, the judge ruled.

The first 'murder hornets' nest was found, already set to be obliterated

The nest, discovered by scientists in Washington state this week, is set to be wiped out Saturday.

Trump's Twitter hacked after Dutch researcher claims he guessed password

Donald Trump’s Twitter account was allegedly hacked last week, after a Dutch researcher correctly guessed the president’s password: “maga2020!”, Dutch media reported.

Uber and Lyft must reclassify drivers as employees, appeals court finds

In a blow to Uber and Lyft, a California appeals court said Thursday that the companies must reclassify their drivers as employees rather than independent contractors, affirming an earlier court decision.

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