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Alibaba fined $2.8 billion in China antitrust case
The Chinese authorities imposed a fine of US$2.8 billion on Alibaba after completing an antitrust investigation into suspected monopolistic behavior. The State Administration for Market Regulation investigated the “suspected monopolistic behavior” of e-commerce giants in December, especially its policy of forcing merchants to only sell on their…
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Netflix deal for streaming rights to Sony Movies
Starting next year, all movies released by Sony Pictures will be broadcast exclusively on Netflix after the release of its dramas and home entertainment. The deal was announced on Thursday and included the movies "Mobius", "Uncharted" and…
The U.S. government will pay you up to $500,000 to design a less annoying Face Mask
Since the pandemic for more than a year, we have seen all kinds of face masks, from completely unsafe fashions to RGB nightmares, not to mention numerous other fashion choices. However, if you think you might have an idea of a better mask…
Huawei continues to make profits in 2020 but sees no growth outside of China
Despite being banned by countries around the world, Huawei will continue to make money in 2020, with a net profit of 64.6 billion yuan, but its growth in markets outside of China has stagnated. In 2020, China is the only region where…
BMW Invests heavily in clean lithium extraction in South America
The automaker BMW will invest 334 million US dollars in Argentina's environmental protection and socially responsible lithium extraction technology. Whether it is the environmental impact of nickel and cobalt mining in Cuba or the health…
Apple, A16z and Alphabet jointly invest US$50 million in music distributor UnitedMasters
Independent music distribution platform and tool factory UnitedMasters has raised US$50 million in Series B financing led by Apple. A16z and Alphabet once again participated in this raise. In addition to this investment, United Masters will…
The Biden administration’s goal is to manufacture 30 GW of offshore wind turbines by 2030
The Biden administration stated in a plan detailed on Monday (via the New York Times) that it will designate New York Bay in the shallow coastal waters of Long Island and New Jersey as a new priority area for the construction of offshore…
Canada will invest billions of dollars to electrify public transportation
During the pandemic, public transportation was not used much, but Canada wanted to ensure that it was eco-friendly after the crisis ended. The Canadian government plans to invest 2.75 billion Canadian dollars (approximately US$2.17 billion)…
YouTube deletes five TV channels run by the Myanmar military
YouTube canceled channels related to five television stations operated by the Myanmar military (Tatmadaw), and further violence has occurred in the country since then.
The service told the New York Times that it removed channels that…
The Coinbase file will be published in the key list of the cryptocurrency category
The US cryptocurrency exchange Coinbase released the S-1 dossier before direct listing. Due to recent activities between Bitcoin and other blockchain-based assets, the company's controversial political stance, and its soaring valuation on…