Bloomberg Huawei Technologies Co. took the wraps off a high-end foldable smartphone to try and stake out a place in the fast-expanding category, revealing that revenue and profit barely grew in 2020 at the height of Trump-era sanctions. China’s largest technology company is trying to keep its shrinking mobile gadgets ...
Read More »Apple working on magnetic battery pack for iPhones
Bloomberg Apple Inc. is working on a magnetically attached battery pack for the newest iPhones, an accessory that would wirelessly charge the handset and provide the company with another potentially lucrative add-on product. Apple has been developing the attachment for at least a year and it has been scheduled to ...
Read More »Apple in talks to buy self-driving sensors, key step in iCar plan
Bloomberg Apple Inc. is in discussions with multiple suppliers of self-driving car sensors known as lidar, according to people familiar with the matter, a key milestone towards development of its first passenger vehicle. The Cupertino, California-based technology giant is in active talks with a number of potential suppliers for these ...
Read More »Publishers turn up heat on Facebook
Bloomberg News publishers are lobbying the European Union (EU) to copy parts of a proposed law in Australia that would force Facebook Inc. and Alphabet Inc.’s Google to pay an agreed price for their content. The publishers want EU lawmakers to force the tech giants into binding arbitration if they can’t ...
Read More »iPhone assembler Foxconn to help launch electric cars
Bloomberg Foxconn Technology Group’s new EV platform is expected to help launch vehicles later this year, a company official said, signifying major progress in the Taiwanese electronics giant’s push into the automotive space. Two light vehicles designed using Foxconn’s platform will be unveiled in the fourth quarter, Chairman Young Liu ...
Read More »Life without Google
Bloomberg Imagine a world without Google, the search engine so pervasive it’s the starting point for more than five billion queries a day. That’s the reality facing Australia, where the tech giant is threatening to unplug its homepage in a standoff with the government. Google opposes a planned law that ...
Read More »Video-sharing app Kuaishou hits $159b valuation
Bloomberg Kuaishou Technology, the operator of China’s most popular short-video service after ByteDance Ltd.’s Douyin, jumped 161% in its Hong Kong debut after a $5.4 billion initial public offering that attracted hundreds of billions of dollars of orders. The shares closed at HK$300 after rising to as high as HK$345, ...
Read More »Jet-powered flying taxi startup to develop hubs across Florida
Bloomberg The world’s first all-electric vertical takeoff passenger jet could start operations from boutique hubs across Florida in coming years. German startup Lilium GmbH has struck a deal to build a network of at least 10 so-called vertiports with Spanish infrastructure giant Ferrovial SE, the companies said. Ferrovial owns 25% ...
Read More »ByteDance in talks to sell its Indian TikTok assets
Bloomberg ByteDance Ltd. is said to be exploring a sale of the India operations of TikTok to rival unicorn Glance, in an attempt to resuscitate the once-thriving short video sharing app that’s been banned indefinitely in the South Asian nation. The discussions have been initiated by Japan’s SoftBank group conglomerate. ...
Read More »Facebook helped identify Capitol rioters in US
Bloomberg Facebook Inc. has been “helping” law enforcement identify people who posted photos of themselves at the January 6 riots at the US Capitol, “even after the attack was over,” said Monika Bickert, the company’s head of global policy management. Bickert said Facebook removed posts from several militant groups in ...
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