US, China tech giants under regulatory pressure, competition

Volkan Furuncu | Anadolu Agency | Getty Images Investors looking to put money into US and China internet giants should be cautious as these companies are facing a myriad of challenges, strategists told CNBC. Investment bank Macquarie said large consumer tech companies like Facebook and Amazon are in the “sunsetting” phase. “You have to be … Read more

Tech giants’ latest moves, regulatory action

Citizens try out a virtual reality experience at the opening of Cheonan Qianshu Shopping mall, Shanghai, China, On December 22, 2021. Virtual reality is a key part of the concept of the metaverse. Xing Yun | Costfoto | Future Publishing | Getty Images Imagine this: the metaverse with Chinese characteristics. That’s how the virtual world … Read more

Economists say the worst of China’s regulatory crackdown is over

Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, US, June 30, 2021. Brendan McDermid | Reuters BEIJING – The worst of China’s regulatory crackdown is over as Beijing shifts its focus to supporting growth, economists said. That does not … Read more