Technology And Telecommunications |

Technology and Telecommunications

Jack Ma: No More 1 Million Jobs in the US From Alibaba

By Disini & Disini Law Office September 20, 2018 Employment and Immigration, News, Technology and Telecommunications 0 comments

Alibaba chief Jack Ma said this week that he is retracting his promise of 1 million jobs in the US to President Donald Trump after the latest round of tariffs from both countries were announced. Ma said that he made the promise in 2017 on the premise of friendly and rational trade relations between the US and China, so he can no longer fulfill his promise since the premise no longer exists. Ma also said last Tuesday in an investor conference that the Sino-US trade war is likely to have ramifications that will extend for decades. Source: CNBC

India Excludes Huawei, ZTE from 5G Trials

By Disini & Disini Law Office September 18, 2018 Cybersecurity, News, Technology and Telecommunications 0 comments

Chinese telecom giants Huawei and ZTE had reportedly been excluded from participating in 5G trials in India, following reports of the companies banning by the Australian government due to security concerns. Telecom secretary Aruna Sundararajan confirmed that Huawei had been excluded. The company, on the other hand, said that it has already contacted the government regarding its concerns. However, Ericsson, Nokia, Cisco and Samsung had been invited by India’s Department of Telecommunications to work with the government in trialling the technology across the country. Huawei previously criticized Australia’s decision in banning it, saying that the decision was brought by […]

Chinese, Russian Companies Sanctioned by US for Funding North Korea

By Disini & Disini Law Office September 15, 2018 News, Technology and Telecommunications 0 comments

Treasury Secretary Steven Mnuchin said last Thursday that the US has sanctioned Chinese firm Yanbian Silverstar Network Technology Co., its North Korean CEO Jong Song Hwa, and its Russian sister company, Volasys Silver Star for moving illegal funds to North Korea. Mnuchin additionally warned companies across the globe to check whether they are employing North Korean workers without their knowledge. However, Foreign Ministry Spokesman Geng Shuang reiterated that China fully enforces UN resolutions on North Korea and resolutely opposes any country enacting unilateral sanctions on Chinese entities using “long-arm jurisdiction”. Source: Reuters

South Korean Telco Wins $47.3 Million PH Fiber Deal

By Disini & Disini Law Office September 14, 2018 News, Technology and Telecommunications 0 comments

South Korea’s KT Corporation announced this week that it was able to secure a $47.3 million contract with the Philippines’s Converge ICT Solution to build a fiber network along the main roads of northern region of Luzon. The deal is only part of the $1.8 billion investment committed to by Converge to expand its broadband coverage all over the country within the next 5 years. KT says that the deal will hopefully lead to others with the provider in the near future. The state-owned telecoms company, which is the largest in South Korea, has also been involved in optical fiber […]

Russia, China Unveils Joint Investment in High Tech Development

By Disini & Disini Law Office September 11, 2018 M&A, Investment, and Securities, News, Technology and Telecommunications 0 comments

The Russia-China Investment Fund (RCIF) and China’s Tus-Holdings on Tuesday announced this week a joint investment plans which would pour $1.28 billion in Moscow’s Tushino Project Technology Park. Kirill Dmitriev, Co-CEO of RCIF said that the partnership will aim to achieve breakthroughs in the area of advanced technologies and facilitate their early implementation. The group which oversees the billions in investment, the Russian-Chinese Business Advisory Committee, held its annual meeting this week during the Eastern Economic Forum in Vladivostok, Russia. The committee is composed of 150 representatives from “leading Russian and Chinese companies. Source: Reuters

China to Conduct Thorough Checks on Ride-Hailing Industry Through End of 2018

By Disini & Disini Law Office September 11, 2018 News, Technology and Telecommunications, Uncategorized 0 comments

China’s transport ministry is set to conduct thorough checks on the ride-hailing industry through the end of the year. The move was reportedly prompted by the safety issues plaguing the growing sector, which culminated in the murder of a passenger by a Didi driver. The ministry says that it will work with the police and implement standards that will ensure rider safety. Vehicles and drivers that are unable to meet the standards by the end of 2018 will be removed. This will significantly add to the mounting pressure on Didi Chuxing Technology Co. which has already committed 140 million yuan […]

Toyota to Put $500 Million in Driverless Cars Deal with Uber

By Disini & Disini Law Office August 29, 2018 Motoring, News 0 comments

Toyota announced this week that it will be investing $500 million in a deal with Uber to pursue the development of self-driving cars. In a press release, the firms said that they will be mass producing autonomous vehicles that would be deployed on Uber’s network. It is said that the companies, both seen as lagging in the development of the technology, will be embarking on the deal to catch up with their rivals, with Uber recently scaling back trials of its self-driving technology after a crash in Arizona resulted to a fatality. Source: BBC

AU$4.4 Million Lost from 8000 Cases of Remote Access Scam in Australia

By Disini & Disini Law Office August 28, 2018 Data Privacy, News, Technology and Telecommunications 0 comments

The Australian Competition and Consumer Commission (ACCC) said this week that a total of AU$ 4.4 million had already been stolen in around 8000 remote access scam incidents reported by Australians this year. Most victims say that they had been tricked by a phone scammer pretending to be from Telstra, the National Broadband Network (NBN) company, Microsoft, and even the police, to hand over control of their computer via screen-sharing software such as TeamViewer ACCC Deputy Chair Delia Rickard revealed that scammers in the past told their victims to provide permission for remote access so they can fix the […]

Didi Rider Murder Prompts Clampdown on Ride-Hailing in China

By Disini & Disini Law Office August 28, 2018 News, Technology and Telecommunications 0 comments

The Chinese government said this week that it will be clamping down on the ride-hailing industry and warned that there was no need for it as it only compromises passenger safety. The move was prompted by a recent incident where a Didi driver raped and murdered a 20-year old passenger in the eastern city of Wenzhou. The Chinese transport ministry added that the public will vote with their feet and the government will take action on companies that are not compliant, self-disciplined, and do not take their passengers’ lives seriously. Source: Reuters

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