Pinduoduo beats revenue estimates as online shopping demand soars
China’s Pinduoduo Inc beat first-quarter revenue estimates on Friday as more people shopped on its e-commerce platform during coronavirus lockdowns that have shut most brick-and-mortar...
Alibaba revenue, profit beat as online sales surge during lockdown
China’s Alibaba Group Holding Ltd reported better-than-expected quarterly revenue and profit on Friday, as the COVID-19 lockdowns drove more people to shop online for essentials....
With remote work plan, Facebook dashes hopes of paycheck arbitrage
With Facebook’s adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley’s biggest companies from the place that...
Pinduoduo beats revenue estimates as demand for online shopping soars
China’s Pinduoduo Inc beat first-quarter revenue estimates on Friday, as more people shopped at its e-commerce platform during coronavirus lockdowns that shut down most brick-and-mortar...
Indonesia probes breach of data on more than two million voters
Indonesia’s election commission is investigating the release of 2.3 million voters’ private information on a hacker website along with a threat to release of the...
How South Korea turned an urban planning system into a virus tracking database
When a man in Seoul tested positive for the new coronavirus in May, South Korean authorities were able to confirm his wide-ranging movements in and...
Philippine lawmaker proposes tax targeting tech giants to fund virus fight
A Philippine lawmaker has introduced a bill in parliament aimed at taxing big tech firms such as Facebook, Alphabet’s Google and Youtube, Netflix and Spotify,...
Proxy adviser ISS recommends vote ‘against’ executive pay at Alphabet
Institutional Shareholder Services (ISS) has recommended shareholders of Google-parent Alphabet Inc to vote “against” the company’s proposed executive pay at its annual meet in June,...
SoftBank Group’s sale of 5% telco unit stake to raise $2.9 billion
SoftBank Group Corp said on Friday its planned sale of 5% in its domestic telco SoftBank Corp would fetch 310.2 billion yen ($2.9 billion), as...
U.S. strikes at a Huawei prize: chip juggernaut HiSilicon
The latest U.S. government action against China’s Huawei takes direct aim the company’s HiSilicon chip division–a business that in a few short years has become...
