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E-commerce firm Wish raises $1.1 billion in IPO

E-commerce firm ContextLogic Inc sold shares in its initial public offering (IPO) on Tuesday at $24 apiece, the top of its target range, to raise $1.1 billion, the company said in a statement.The IPO

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How 'big tech' creates challenges for governments

Reuters Editor's note: Jonathan Arnott is a former member of the European Parliament. The article reflects the author's opinions, and not necessarily the views of CGTN.In the digital age, thin

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Valneva launches trials of Covid-19 vaccine in UK

French-Austrian biotech firm Valneva said Wednesday it will begin clinical trials of its Covid-19 vaccine candidate in Britain, where the government has already ordered

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Privacy is the new competitive battleground

In November, Californians voted to pass Proposition 24, a ballot measure that imposes new regulations on the collection of data by businesses. As part of the California Privacy Rights Act (CPRA), indi

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Chinese companies raise more money than ever in 2020: Bloomberg

Chinese companies raised more money in initial public offerings (IPO) both at home and overseas than ever this year, thanks to the country's early emergence from the pandemic.Chinese mainland firm

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Facebook launches revamped Instagram Lite app in India

Facebook is working to bring back the Instagram Lite app, months after it shut down the light version offering worldwide.The social conglomerate said on Wednesday that it is testing the revamped Inst

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Disney plays safe but ambitiously in streaming business

The Walt Disney Company has revealed ambitious next steps in its global streaming expansion at its 2020 Investor Day, though the streaming platform is yet to reach the Chinese mainland where fans are

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The Belt and Road Initiative is here to stay

A new report published by The Financial Times on December 12 claims to forecast the "unraveling .. [of] China's first overseas debt crisis," alleging that the wheels of

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Airbnb sets new diversity goals

Airbnb, which recently went public and became a $100 billion company, has set two goals to try to improve diversity at the home-sharing and experiences company because it “is nowhere near satis

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U.S. tech giants face 6-10% fines as EU sets rules to curb power

Reuters Amazon, Apple, Facebook and Alphabet unit Google may have to change their business practices in Europe or face hefty fines of 6-10 percent under the new draft EU rules to be announced

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Li delivers speech at 60th anniversary of OECD Convention

Chinese Premier Li Keqiang on Monday delivered a speech at the commemoration of the 60th anniversary of the signing of the OECD (Organization for Economic Co-operation and Development) Convention via

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Apple launches its new app privacy labels across all its App Stores

At Apple’s Worldwide Developers Conference in June, the company announced it would soon require developers to disclose their app’s privacy practices to customers via new, glanceable summar

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Acclaimed British spy author John le Carre dies aged 89

John le Carre, the British writer best known for his Cold War espionage novels "Tinker Tailor Soldier Spy" and "The Spy Who Came In From The Cold", has died aged 89.Le Carre's literary agency, Cur

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Health centers water crisis increasing virus risk: WHO

WHO report shows health centers water crisis will increase coronavirus infection risks. /CFP One in four health centers worldwide lacks access to water, putting around 1.8 billion people at in

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The Belt and Road Initiative is here to stay

Editor's note:Hannan Hussain is a foreign affairs commentator and author. He is a Fulbright recipient at the University of Maryland, the U.S., and a former assistant researcher at the Islamabad Po

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The Belt and Road Initiative is here to stay

A new report published by The Financial Times on December 12 claims to forecast the "unraveling .. [of] China's first overseas debt crisis," alleging that the wheels of

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Cultural exchanges to help mutual understanding

China will promote the domestic cultural industry to boost the country's soft power and develop socialist culture, according to the proposals of the Communist Party of China Central Committee for