By James Cook
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Apple could remove 21,000 games from Chinese App Store

Apple could remove 21,000 games from Chinese App Store

around 21,000 gaming apps from its Chinese App Store, as it faces growing pressure from Beijing to enforce local regulations.  App developers who operate paid gaming apps, or apps which contain in-app purchases, were told on Wednesday that they would need to submit their licence for each game in order to continue to update it.Until now, Apple has also allowed games to be available from the App Store while developers await approval.Developers used a loophole which allowed them to submit false approval numbers to keep their games online in China.  Gaining a licence from China’s National Press...

telegraph.co.uk
By James Cook
Jul 1
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Monzo’s valuation drops 40pc to £1.25bn in £60m funding round

Monzo’s valuation drops 40pc to £1.25bn in £60m funding round

Monzo’s valuation has dropped 40pc to £1.25bn as part of a new £60m funding round for the challenger bank.The banking start-up raised the funding from investors including Swiss fund Reference Capital and Vanderbilt University. A second part of the £60m funding round, which could see a further investment of £40m in the business, is expected to be closed in the coming months. Details of the investment were first reported by Business Insider.The company, which now has 4.2 million customers, was previously valued at more than £2bn last year from US start-up “accelerator” Y Combinator.a similar...

telegraph.co.uk
By James Cook
Jun 16
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Google to begin legal battle with EU over €8.2bn in fines

Google to begin legal battle with EU over €8.2bn in fines

Google will begin a key legal battle with the European Commission this week when its lawyers appeal against a €2.4bn (£2bn) fine, the first of a trio of penalties which could cost the company €8.2bn in total.The search giant has been handed three different fines by the EU since 2017 over allegations that it favoured its own shopping results over results from rivals, , and .A hearing over a €2.4bn fine levied against the business over its shopping results will take place between Feb 12 and Feb 14 in the Luxembourg-based General Court.The appeal will mark the start of Google’s legal attempt...

telegraph.co.uk
By James Cook
Feb 11
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