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Owner Wants Valuation of 60 Billion for TikTok
The Chinese owner of TikTok, ByteDance, aims to make the popular video app worth $ 60 billion through the deal with software group Oracle and supermarket giant Walmart.
Bloomberg news agency reports this based on insiders. The two…
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China Comes Up With Countermeasures After US Sanctions
China's Ministry of Commerce announced on Saturday when it would take action against "untrustworthy entities" that have been listed.
The country will focus, among other things, on foreign companies and individuals who endanger…
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The US is Now Also Looking At Tencent’s Interests in Game Companies
After TikTok and WeChat, the American government is now also paying extra attention to Tencent, writes Bloomberg news agency based on insiders.
The Chinese internet giant has interests in a range of game companies, and that is…
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The Japanese Central Bank is Sticking to Its Ultra-Low Interest Rates
The Japanese central bank is sticking to its ultra-low interest rates and very loose monetary policy.
In doing so, the bank wants to support the economy that was hit hard by the corona crisis and that had already suffered from a…
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Amazon Will Open 1,000 Warehouses in US Cities
Amazon is planning to open about 1,000 new warehouses in cities and suburbs in the United States, according to insiders.
According to the sources, the webshop wants to ensure that online products are delivered to people's homes as…
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UK Unemployment Has Risen for the First Time Since Lockdown
Unemployment in the United Kingdom has risen for the first time since the introduction of lockdown measures against the coronavirus.
Figures from the National Statistics Office show that 4.1 percent of the labour force was…
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The Stock Exchange in Japan Started With A Profit on Monday
The stock exchange in Japan started the new trading week with a profit on Monday. Heavyweight SoftBank was in demand thanks to a significant takeover deal from the Japanese tech investor.
In addition, the results of the election by…
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US Sanctions Again Hit Chinese Tech Giant Huawei Hard
Chinese tech giant Huawei is again hit hard by US sanctions. The company, which has become increasingly popular in the smartphone market in recent years, will no longer receive advanced chips from next Tuesday.
This can have…
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