According to The Verge, “President Trump has signed a new executive order which will block all transactions with Bytedance, TikTok’s parent corporation, in an effort to ‘address the national emergency with respect to the information and communication technology supply chain.'” From the report: The move comes after months of escalating tensions, which saw Secretary of State Mike Pompeo and others at…
Tag: wechat
US Steps Up Campaign To Purge Chinese Apps
The Trump administration said late Wednesday it was stepping up efforts to purge “untrusted” Chinese apps from US digital networks and called the Chinese-owned short-video app TikTok and messenger app WeChat “significant threats.” From a report: US Secretary of State Mike Pompeo said expanded US efforts on a program it calls “Clean Network” would focus on five areas and include steps…
TikTok Accuses Facebook of ‘Plagiarism and Smears’
hackingbear writes: TikTok owner ByteDance has accused Facebook of plagiarism and smears although it did not elaborate on the accusation. “ByteDance has always been committed to becoming a global company. During this process, we have faced all kinds of complex and unimaginable difficulties, including the tense international political environment, collision and conflict of different cultures and plagiarism and smears from competitor…
What Twitter’s Worst Hack Means For Its Bottom Line
The breach revealed Twitter’s engineering prowess and management practices as subpar. Hedge fund Elliott Management can’t be happy about its investment. From a report: Even if Twitter’s user growth is relatively unaffected, shareholders shouldn’t overlook what the latest in a long series of security incidents says about the how the company works and why its stock has been such a disappointment:…
US Threatens To Restrict WeChat Following TikTok Backlash
Amid intense scrutiny over TikTok as a potential national security risk in the U.S., WeChat, the essential tool for Chinese people’s day-to-day life, is also taking heat from Washington. TechCrunch reports: White House trade advisor Peter Navarro told Fox Business on Sunday that “[TikTok] and WeChat are the biggest forms of censorship on the Chinese mainland, and so expect strong action…
SoftBank’s Arm Says China CEO Fired for Major Irregularities
SoftBank Group’s Arm and its Chinese venture clashed publicly over whether the venture’s CEO had been fired, a dispute that threatens to disrupt a Western company central to the global semiconductor industry. From a report: The conflict erupted after the British firm told Bloomberg News the board of Arm China — jointly owned by Arm and investors including China’s sovereign wealth…