Beijing could revive Ant Group’s IPO, Reuters reports
China could allow its home-based internet and tech giant Ant Group to list in Shanghai and Hong Kong. Its co-founder and CEO, Jack Ma, made regulatory comments in late 2021 that led to the cancellation of the mega-offering and its “disappearance” for a few months. [Read more]
According to UPI’s report of 4 million IPO mandates in May
The Unified Payments Interface (UPI) system was used to create over 4.5 million IPO mandates in May, according to data from the National Payments Corporation of India (NPCI). Of these, a record 2.4 million were executed. [Read more]
Apple pounces on BNPL with Pay Later to handle lending alone
Tech giant Apple will handle its own lending on the Apple Pay Later platform as it forays into digital financial services in India. This is the first time that Apple handles credit and risk assessments itself and does not use third parties. [Read more]
CFTC to regulate digital currencies, crypto and carbon trading within reach
The Commodity Futures Trading Commission (CFTC) will be tasked with regulating digital currencies, which would expand its scope to include agricultural, financial, and energy options markets, as well as digital assets like NFTs. [Read more]
US Senate bill to prevent Big 4 tech companies from favoring each other in searches
The U.S. Senate is expected to pass antitrust legislation later this month aimed at preventing Apple, Google, Facebook and Amazon from “favoring” each other in searches and otherwise. The companies and the US Chamber of Commerce have spoken out versus the invoice. [Read more]
Japanese researchers achieve a data transmission speed of 1.02 petabit per second
Researchers at the National Institute of Information and Communications Technology (NICT), Japan, achieved a record speed of 1.2 petabits per second for data transmission in a multi-core fiber. This reportedly has the potential to make the internet “100,000 times faster” than it is today. [Read more]
Untaxed digital imports caused India to lose $4.9 billion in 4 years, according to think tank
According to one report, India lost $4.9 billion in import tariffs through digital products such as video games, music, movies, etc., according to a study by a think tank in Geneva. This follows from India’s stance at the WTO that a moratorium on such tariffs is detrimental to developing countries. [Read more]
WhatsApp set a deadline in July to comply with EU consumer law
Following January’s controversial privacy policy update, Meta’s messaging platform WhatsApp was given a June deadline to demonstrate that the privacy policy update was compatible with European Union consumer law. [Read more]
Chinese regulators approve 60 new games, but Tencent and NetEase don’t get approvals
Regulators have approved 60 new games in one of the largest gaming entertainment markets in an apparent crackdown on the tech sector in China. However, tech giants Tencent and NetEase do not appear in the list of allowed games. [Read more]
The EU prescribes a common charger for small and medium-sized electronics
The European Council and Parliament have agreed to ‘harmonize’ charging connectors, cables and chargers for all small and medium-sized electronic devices under their jurisdiction to reduce consumer costs and e-waste. Laptop manufacturers will be given a 40-month extension to implement the new rule. [Read more]
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