Alibaba CEO Daniel Zhang said on Monday he does not expect any material impact from the change of exclusivity arrangement imposed by China's regulators, after an anti-trust probe found the firm had abused its dominant market position.
By Reuters Staff
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FILE PHOTO: A view shows a Huawei logo at Huawei Technologies France headquarters in Boulogne-Billancourt near Paris, France, February 17, 2021. REUTERS/Gonzalo Fuentes
SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies will invest more in businesses that are less reliant on advanced process techniques, it said on Monday, citing U.S. sanctions that have reduced its access to high-end semiconductors.
Huawei’s rotating chairman, Eric Xu, also said the company has “no expectation” of being removed from the U.S. Entity List, which has been used to limit the flow of U.S. technology and products to Huawei and others, under the administration of U.S. President Joe Biden.
By Reuters Staff
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(Reuters) - Reports by users showed issues on Monday with the websites of Delta Air Lines and American Airlines, according to Downdetector.com.
People familiar with the matter said there seemed to be an outage on ITA, a system run by Google that many U.S. airlines use for their bookings. United Airlines also appeared to be impacted by the issue.
Reporting by Tracy Rucinski; Editing by Chris Reese
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SHANGHAI (Reuters) - The world is going through an unprecedented chip shortage, Zhou Zixue, a senior official with the China Semiconductor Industry Association, said on Wednesday, after semiconductor sales grew 18% last year.
“If you are an experienced player, you will remember that in 1999 there was a similar crisis in this industry, but it was way smaller,” Zhou, chairman of Semiconductor Manufacturing International Corp (SMIC), said in remarks at SEMICON China.
“We have to deepen our cooperation, we have to give more attention to innovation. Only by doing that our industry can control the challenges facing us.”
China is the world’s largest buyer of semiconductors, but domestic production is marginal. Sales in China grew 17.8% in 2020 from a year earlier to 891 billion yuan ($137 billion), according to CSIA.
By Reuters Staff
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BEIJING (Reuters) - China’s market regulator on Tuesday tightened scrutiny over the country’s booming livestreaming e-commerce platforms, where internet influencers sell goods directly to consumers, citing concerns about poor quality products and misleading advertising.
The State Administration of Market Regulation (SAMR) recently met several livestreaming e-commerce companies, which presented self-disciplinary measures, the agency said in a statement, without naming the firms.
It said all livestreaming platforms should “quickly conduct self-control and comprehensive inspections” on product quality, and should punish livestreamers who sell shoddy goods.
The move is the latest in a series of measures by the regulator to rein-in a thriving “platform economy”, which includes popular livestreaming e-commerce platforms run by internet giants such as Alibaba’s Taobao, Kuaishou and ByteDance’s short video app Douyin.