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Brunei ranks third in social media adoption | The Star

BANDAR SERI BEGAWAN, July 27 (Borneo Bulletin/ANN): Social media adoption in Brunei was the third highest globally in terms of population ratio, at 482,000 users, according to the latest Global State of Digital 2022 report update for July. Published in a partnership between We Are Social and Hootsuite, the report showed continued growth in digital […]

Elon Musk attorneys say Twitter stalling on document production – 24HTECH.ASIA

ETtechAttorneys for billionaire Elon Musk are complaining that Twitter is slow-walking document production in advance of an October trial to decide whether the Tesla CEO should be forced to complete a $44 billion acquisition of the social media company. Musk’s lawyers also said in a court filing Tuesday that Twitter Inc. attorneys have refused to […]

Instagram is Under Fire From Users Including Kylie Jenner – 24HTECH.ASIA

Kylie Jenner, a well-known Instagram user with 361 million followers, shared a photo calling out Instagram, which sparked an uproar. Instagram Users and Celebrities Criticized Its Changes Over Time This week, the Meta-owned photo-sharing software came under criticism for how it has altered over time. The controversy began on Monday (July 25) when Kylie Jenner, […]

Microsoft reports Q4 results with revenue up 12 pct

SAN FRANCISCO, July 26 (Xinhua) — Microsoft on Tuesday posted a revenue of 51.9 billion U.S. dollars for the fourth quarter of fiscal 2022 ending June 30, up 12 percent from the same period of its last fiscal year. The company generated quarterly net profits of 16.7 billion dollars, an increase of 2 percent year […]

Hong Kong: Herbert Smith Freehills Successfully Strike Out A HK$3 Billion Fraudulent Trading Claim Commenced Against An IPO Sponsor In Breach Of Mandatory Procedural Rules Herbert Smith Freehills

Last week, the Hong Kong Court struck out a fraudulent trading claim brought by the liquidators (the “Liquidators”) of China Metal Recycling (Holdings) Limited (“China Metal”) against one of its sponsors (the “Sponsor”) on the ground that it was brought as a High Court Writ action (the “Action”), in breach of the mandatory statutory requirement […]

Microsoft Blames China Shutdown, Severance for Quarterly Earnings Miss

Microsoft Blames China Shutdown, Severance for Quarterly Earnings Miss Microsoft joined a number of technology providers in blaming macroeconomic trends for lower-than-expected quarterly earnings. The Redmond, Washington-based software giant on Tuesday unveiled its fiscal year fourth-quarter results. The company reported that commercial bookings grew 25%, and enterprise services grew by 5%. Total revenue ticked up […]

Fraudsters posing as Army men on social media dupe residents : The Tribune India

Tribune News Service Sunit Dhawan Rohtak, July 26 Taking advantage of the faith reposed by the common people in Army personnel, a number of cyber-cheats defraud unsuspecting residents by posing as defence personnel on the Internet-based social media. Points to remember No OTP is required to receive money from others Don’t trust any unknown person […]

RBI governor’s recipe for banks of the future: Oodles of social media, new tech & a dash of human touch | Business Insider India

RBI governor Shaktikanta Das recently spoke about the future of banking in India and said it would include adoption of emerging technologies, and customisation of products and services. He advised banks to prepare themselves for facing the dynamic environment while keeping their focus on appropriate business models, sustainability, stability, and consumer centrality. Business Insider India […]

New Facebook malware from Vietnam targets business accounts – ARN

Credit: Dreamstime WithSecure (formerly F-Secure Business) has discovered an operation, dubbed “DUCKTAIL,” that uses social media-based spear phishing attacks to gain access to Facebook Business accounts. The cyber security vendor said that it has “high confidence” that a Vietnamese threat actor is behind the attacks, which aim malicious messages at LinkedIn users who are likely […]

Facebook Introduced a New Page Experience for Indian Users: What Has Changed?

Facebook has something fresh to offer its Indian users. The company has declared that a new Page design will be implemented. According to Facebook, the new Page design makes it simpler to locate and manage activity. It also makes it easier for users to share likes and comments on updates and to follow people from […]

Twitter-ministry hearing in Karnataka HC adjourned till August 25 – 24HTECH.ASIA

The Karnataka High Court will hear Twitter’s plea against the Ministry of Electronics and Information Technology’s (MeitY’s) content takedown notices on August 25. The plea, listed for hearing on Tuesday, was adjourned as the counsel for the central government was unavailable.During the hearing, the counsel for Twitter told the Karnataka high court it had received […]

Alibaba Group Pursues Primary Listing on the Hong Kong Stock Exchange Business Wire

HONG KONG–( BUSINESS WIRE )–Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA and HKEX: 9988) today announces that its board of directors (“Board”) has authorized the Company’s management to apply for a primary listing on the Main Board of Hong Kong Stock Exchange. After completion of the primary listing process, which is expected […]

Alibaba Group Pursues Primary Listing on the Hong Kong Stock Exchange Placera

Alibaba Group Holding Ltd Alibaba Group Pursues Primary Listing on the Hong Kong Stock Exchange (Businesswire) 2022-07-26 02:05 Alibaba Group Holding Limited today announces that it will apply for a primary listing on the Main Board of Hong Kong Stock Exchange. Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA and HKEX: 9988) today […]

The pandemic, online shopping, and the shift towards 're-commerce' – 24HTECH.ASIA

Credit: CC0 Public Domain We live in a digital age where online shopping is more popular than ever. Sitting in the comfort of one’s home and browsing a seemingly endless amount of goods has certainly made our lives easier. Everything’s merely a click away. What’s not to love about that? The strict movement control orders […]

How e-commerce brands can outlast this market downturn – 24HTECH.ASIA

Bennett Carroccio Contributor Share on Twitter Bennett Carroccio is the co-founder and CEO of Canal, the connected commerce platform transforming the way products are sold online. The biggest startups in the world are laying employees off. The yield curve has become inverted, inflation is at 8.6%, and economic pessimism is the highest it’s been since […]

India: Muslim beats Hindu for supporting Nupur Sharma on social media

What Nupur Sharma said was accurate, but the jihadi hysteria is in full bloom now. “Madhya Pradesh: Suleman attacks Mukesh Tiwari for supporting Nupur Sharma on social media,” OpIndia, July 25, 2022: On July 23, a man identified as Mukesh Tiwari was beaten up by one Mohammad Suleman for alleged posts and comments in favour of former Bharatiya […]

Sebastian Mallaby on American-style Venture Capital in China

Sebastian Mallaby is a distinguished journalist and now a senior fellow for international economics at the Council on Foreign Relations. Mallaby has contributed to a variety of publications, including Foreign Affairs, the Atlantic, The Washington Post, and the Financial Times, where he spent two years as a contributing editor. A graduate of Oxford University, he […]

A Chinese-made Internet?

[China’s Tourism Tumble] Good evening. China banned cryptocurrencies, but it’s all in on blockchain. This week, our cover story follows the man behind China’s version of ‘Web3’ — the state-backed, blockchain-powered internet revolution. Elsewhere, we have infographics on China’s domestic tourism industry , which (as you might expect) isn’t doing too hot; an interview with […]

China Merchants Bank drops banking venture with JD.com

A long-planned banking joint venture between China Merchants Bank Co. Ltd. (CMB) and the fintech unit of e-commerce giant JD.com Inc. fell apart after more than five years of preparation. CMB, one of the country’s largest commercial banks, said Friday that its board decided to withdraw an application to open China Merchants Tuopu Bank and […]