Tesla has already rolled out cars it constructed in new Chinese factory
Tesla, the world-famous electric car manufacturer, has already started delivering cars that it built in its new Shanghai factory. The plant was built earlier this year and cost the company $2 billion. The factory will ensure Tesla is unaffected by any future trade war between the US and China.
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The US plans a crackdown on the Chinese technology companies
The US Secretary of State, Mike Pompeo said in a statement that Chinese apps like TikTok and WeChat pose "significant threats to the personal data of American citizens". Wednesday's announcement marks a further deterioration in relations between Washington and Beijing. President Donald Trump hinted at a potential ban on apps like TikTok in order to safeguard the security of American users
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BBC
Tencent adds $200 billion this year, now bigger than Facebook
China’s gaming and social media giant Tencent is now more valuable than Facebook, Tencent’s market capitalization has surpassed Facebook’s following a huge rally in the Chinese firm’s shares this year. The total value of publicly traded shares of the Chinese gaming and social media giant that owns WeChat stood at $664.50 billion at around 3:07 p.m. Singapore time. Meanwhile, Facebook’s market cap totaled $656.15 billion as of Tuesday’s close
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CNBC
India bans 47 more Chinese apps
India bans 47 more Chinese apps
The Government of India banned 47 more Chinese apps in the country. In June, the Government banned 59 Chinese apps that included the hugely popular TikTok. Now, 47 more apps have been banned, for operating as clones of the previously banned apps, the list of particular apps banned in the fresh decision is yet to be announced
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NDTV
The Global ‘App War’
The Global ‘App War’
Nations and companies around the world are being forced to pick a side between the US-China technology war. The latest casualty is TikTok, a popular video app with more than a billion users. The app is owned by a Chinese company Bytedance. TikTok was blocked in India after a heated border clash with China. Then, on Monday, US authorities said they would look at banning the app
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CNN