Category: Technology News

Technology News

Kakao Calls Off Plans to Sell 10% Stake in Mobility Unit

South Korean internet giant Kakao Corp. on Thursday called off plans to sell part of its holdings in ride-hailing service provider Kakao Mobility Co. Ltd. after its labor union and other stakeholders protested against the

Technology News

Geely Automobile Sees First-Half Profit Fall 35% to $228B

Geely Automobile Holdings Ltd. saw its profit drop to miss expectations in the first half, as China’s COVID lockdowns hindered the carmaker’s production and supply chain. Geely revealed on Thursday that its net income fell

Alphabet
Technology News

Alphabet Becomes Top Blockchain Investor with $1.5B

Alphabet Inc. took the top spot in the list of 40 public companies investing in different blockchain and cryptocurrency firms between the periods of September 2021 and June 2022. Research from Blockdata showed that the

Technology News

Chinese Internet Giants Disclose Key Algorithm Details

Major Chinese internet firms, including Tencent Holdings Ltd. and ByteDance Ltd., have disclosed some information about their key algorithms to Beijing for the first time to tackle issues regarding data abuse that may risk the

GOOGLE FIBER
Technology News

Google Fiber Unveils Five-State Expansion

Google Fiber announced its plan to post the biggest expansion since 2005, with a five-state push into new territory in the coming years. This move marks the first significant ramp-up of the division since it

Technology News

Lenovo Reports Slow Revenue Growth Amid PC Downturn

China’s Lenovo Group Limited posted its smallest revenue growth in nine quarters amid the declining sales of its personal computers after a pandemic-fueled boom. In the April-June quarter, the consumer electronics company posted total revenue