Baidu, a search engine for China is set to acquire JOYY Inc. , a global video-based social media platform for $3.6 billion. Baidu will acquire JOYY’s domestic video-based entertainment live streaming business (“YY Live”), which includes the YY mobile app, YY.com website, and PC YY, among others, for an aggregate ...
Tech giant Microsoft has confirmed ongoing talks with ByteDance to acquire its popular social media app TikTok's US operations. TikTok is on the verge of being banned by the US government primarily due to suspicion that the company is likely to share user data to the Chinese government. This is ...
Vodacom South Africa has partnered with Chinese top fintech, Alipay, to build a We-chat-like super app for the South African Market. The app will be a one-stop-shop for customers and merchants to transact affordably. Vodacom Financial Services will be the app's main operator, while Alipay will be the technology provider. ...
Huawei and ZTE have officially been designated as threats to national security by USA's Federal Communications Commission (FCC). US-based companies will thus be restricted from benefiting from the Universal Service Program, an $8.3 billion government subsidy program should they be purchasing equipment or services from the two companies. FCC Chairman, ...
The government of India has decided to ban 59 apps of Chinese origin as border tensions worsen in Ladakh after a violent, fatal face-off between the Indian and Chinese armies. The affected apps include TikTok, Shareit, UC browser, WeChat, Weibo, Xender, QQ Mail, Xender, Viva Video among other apps. which ...
The reprieve for Huawei Technologies and U.S. companies working with the telecom giant has been extended by the Trump administration for another 90 days. Although another 46 of its affiliates was added to the government’s trade blacklist, the Commerce Department announced Monday. This decision permits Huawei to continue buying products from American ...
Huawei’s 90-day reprieve expires today China's Huawei was banned from doing business with the US earlier this year as the firm was swept into a trade war between the US and China, which has seen punitive tariffs slapped on billions of dollars worth of two-way trade. The company was blacklisted by the ...
Alipay, an Alibaba-owned mobile payments processor has partnered with Flutterwave, a pan-African payments firm located in SF and Lagos, Nigeria, in a move that will see Alipay link its 1 billion users to Flutterwave merchants in Africa. China wants the whole of Africa and payments matter a lot. The Chinese ...
HMD Global Oy, the firm which secured the exclusive Nokia brand licensing rights in mobile phones in late 2016, today launched the Nokia 6 smartphone in China targeting over 552 million smartphone users in the country. With an aluminium unibody, the Nokia 6 display has a bright hybrid in-cell 5.5” ...
After raising an undisclosed round of funding in February from BitFury Capital, BitPesa has revamped its platform to make global FX payments easier, safer, and more efficient and introduced transfers between Africa and China. According to Elizabeth Rossiello, CEO at BitPesa, “businesses rely on our technology to send or receive payments faster and cheaper ...
China-based Oppo Electronics is set to invest US$13 million into Egypt's smartphone market, hire 1000 Egyptian employees and set up factories to increase its market share in the country according to media reports by Zawya.com The report says Oppo's executive director Sky Lee told Amwal Al Ghad in an interview ...
Trade data from the World Bank’s (WB) Enterprise Survey (2014) of 130,000+ firms in 135 countries reveals that sales for export constitute a higher proportion of total sales for Moroccan (23.5%) and Kenyan (11%) firms as compared to Korean (6.9%), Chinese (5.4%) and German (4.9%) firms. In addition, Ghana (3.8%) beats ...
Africa’s supply of labour, to support new investments in industries such as manufacturing and others, is growing. It is estimated that by 2020, Africa will achieve the highest labour force growth globally, gaining 122 million more workers. This growth will lead to an estimated total African labour force of 504 ...
In little over a year, Xiaomi has risen to become theworld’s largest smartphone vendor beating Samsung in volume terms in Q2 according to a report from Canalys. According to the report, in Q2 2014, Xiaomi took a 14% share in China, on the back of 240% year-on-year growth. With Lenovo, ...
China has strongly warned Microsoft that any attempt to frustrate its antitrust probe would have momentous consequences. On Monday, SAIC (China's State Administration for Industry and Commerce), an government agency that regulates competition within the marketplace, told Reuters in a statement that Microsoft should not try to block its probe ...
Alibaba Group HQ (-Img Wikipedia) China's e-commerce giant, Alibaba Group has agreed to acquire AutoNavi, digital map content and navigation and location-based solutions firm in China for $1.5 billion. Alibaba's acquisition of AutoNavi will help it use its mapping technology for peer customer reviews of shops and ...
China's search giant Baidu has said it will buy 59 percent of Nuomi, a top group buying site in China for $160 million, a move that analysts say will bolster the search giant's Internet business.According to Baidu, Nuomi would “complement” and help it drive growth in the mobile mapping and ...
After signing energy and railway line deals worth $5 billion with China, Kenya's president Uhuru Kenyatta wants China to invest in Kenya’s Konza technology city. The Konza Technology City, a $10 billion dollar project on 5,000 acres is Kenya's Vision 2030 plan for job creation and economic development. The Konza ...
Countries ranked in top five positions in 2018 would account for 51 percent of worldwide smartphone shipments even though the BRIC countries would account for 33 percent of smartphone shipments says a prediction by ABI The BRIC countries, which are Brazil, Russia, India and China, will take their places among ...
China's Dongfang Electric International Corporation (DEC) is set to build a $100,000 solar power plant in Kenya,a move that will help power the country. DEC, one of China's biggest global contractor for power generation, electric and mechanical works, power distribution and transmission, railways, environmental protection, heavy duty mining and metallurgy ...
Pan-African integrated payments firm Interswitch Transnational has integrated its payment system with UnionPay International enabling UnionPay cardholders from all over the world to use their cards at more than 70,000 merchants to make payments and withdraw cash from more than 11,000 ATMs across Interswitch partner banks in Nigeria, Uganda and very ...
