HONG KONG—Chinese state media took turns denouncing a White House-approved plan to turn TikTok into a U.S.-based company, casting more doubt over the fate of the Chinese-owned short-video app that needs nods from both Beijing and Washington to avoid a ban in the U.S. Over the weekend, TikTok appeared to narrowly avoid having to shut … Read more
NEW DELHI — American fans of TikTok have recently been left pondering a possible future without their favorite short-video sharing app. India knows what that future looks like, and it isn’t pretty. “I’m still mourning the death of TikTok,” said Faizaan Pathan, an auto rickshaw driver who transformed himself into a TikTok phenom known as … Read more
A White House-approved plan to transform TikTok into a U.S.-based company would keep the operation of the viral short-video app, and likely the algorithm that has powered its rise, in Chinese hands. This structure improves the deal’s chances of finding favor in Beijing, which had threatened to veto a sale. President Trump said Saturday he … Read more
WASHINGTON—President Trump has told advisers he is uncomfortable with a pending deal for Oracle Corp. to become TikTok’s U.S. technology partner, according to people familiar with conversations, in another sign that the proposed tie-up isn’t yet a done deal. Mr. Trump’s private concerns were echoed publicly on Thursday by White House chief of staff Mark … Read more
The US Department of Defense said Friday it is sticking with its decision to award a $10 billion (roughly Rs. 73,480 crores) cloud computing contract to Microsoft, despite Amazon’s claims that President Donald Trump improperly influenced the process. After a second look at proposals for the “JEDI” cloud computing contract, the Pentagon concluded anew that Microsoft … Read more
NEW DELHI: The government has launched another contest on Friday to boost homegrown startups and software products companies with special focus on firms from small towns of the country. As per the “Chunauti”- Next Generation Startup Challenge Contest around 300 startups working in select areas will be identified and provided with a seed fund of … Read more
Zhang Yiming was having breakfast at home in Beijing in July when a message popped on his computer screen. A friend sent a link featuring President Trump, in which he said the coronavirus came from China and, as part of a U.S. response, he might ban TikTok, the hit video app Mr. Zhang founded. Mr. … Read more
Pune: Persistent Systems said it is seeing an increase in multi-million, multi-year deals as clients start to consolidate vendors and turn to digital solutions. The Pune-headquartered company reported a 9.5% increase in revenue for the quarter to June $131 million, up 3.1% sequentially. In rupee terms, revenue increased 19.1% to Rs 991.3 crore and profit … Read more