Michelle Toh
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OneSpace launches China's first private rocket

OneSpace launches China's first private rocket

SpaceX launches rocket capable of carrying humansOneSpace, a startup based in Beijing, on Thursday became the country's first private company to launch its own rocket. It said its 9-meter-tall OS-X rocket successfully blasted off from a base in northwestern China. The aim of the mission is to collect data for a research project the startup is working on with the Aviation Industry Corporation of China, a state-owned company. Founded in 2015, OneSpace is often likened to Elon Musk's rocket company, SpaceX, a comparison that founder and CEO Shu Chang doesn't shy away from. "OneSpace's...

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Michelle Toh
May 16, 2018
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Huawei has lost its smartphone crown. It may never get it back

Huawei has lost its smartphone crown. It may never get it back

Hong Kong (CNN Business)Just eight months ago, Huawei reached its of . Now, it is not even in the . On Wednesday, the Chinese tech giant acknowledged that its smartphone business was suffering as continue to stifle its growth, cutting off the company's ability to obtain critical components for its devices."Because of the unfair sanctions placed on us by the US, our mobile phone business saw a revenue decline," Huawei chairman Ken Hu said at a press conference in Shenzhen following the release of the company's latest earnings report.The private company declined to specify how much revenue...

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Michelle Toh
Jul 16
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Google threatens to shut down search in Australia

Google threatens to shut down search in Australia

Hong Kong (CNN Business)Google says it will shut down its search engine in Australia if a controversial bill designed to benefit the news media becomes law.At a in Canberra on Friday, Australia Managing Director Mel Silva said the draft legislation "remains unworkable," and would be "breaking" the way millions of users searched for content online. "If this version of the Code were to become law, it would give us no real choice but to stop making Google Search available in Australia," she . "That would be a bad outcome not just for us, but for the Australian people, media diversity and small...

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Michelle Toh
Oct 20
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Analysis: How Facebook managed to 'unfriend' Australia while Google came out on top

Analysis: How Facebook managed to 'unfriend' Australia while Google came out on top

Hong Kong (CNN Business)Facebook and Google are taking vastly different approaches to an in Australia that could reset the relationship between tech and media.In the face of a proposed media code that would force Big Tech to pay publishers for news shared on their platforms, has decided that it would rather just stop people from finding such content on its service altogether. The company's ban on news content in Australia, Wednesday, forced the pages of media organizations and even to go dark.But — which threatened to pull its search engine in the country if the law moved forward — took a...

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Michelle Toh
Feb 18
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Dogecoin soars 370% as Reddit group works to send the cryptocurrency 'to the moon'

Dogecoin soars 370% as Reddit group works to send the cryptocurrency 'to the moon'

Hong Kong (CNN Business)Dogecoin is the latest target of hyped-up Reddit users.The virtual currency, which as an internet parody based on a viral dog meme, has skyrocketed 373% in the last 24 hours, according to . At one point, it was up 613%. One dogecoin is now worth a mere $0.0469, but that's still easily at record levels.It's the latest bizarre twist in the retail investing revolt making front pages all over the world. The surge came after a popular Reddit forum — not unlike the WallStreetBets group behind — set its sights on pumping up the digital currency. The forum has featured...

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Michelle Toh
Jan 28
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TikTok is laying off employees in India as ban becomes permanent

TikTok is laying off employees in India as ban becomes permanent

Hong Kong (CNN Business)TikTok has been forced to lay off some of its workers in India as the country doubles down on what was already a in the country.The popular short video app announced Wednesday that it will cut workers in India after it had "not been given a clear direction on how and when our apps could be reinstated.""It is deeply regretful that after supporting our 2000+ employees in India for more than half a year, we have no choice but to scale back the size of our workforce," a TikTok spokesperson said in a statement.TikTok, which is owned by Beijing-based ByteDance, did not say...

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Michelle Toh
Jul 7
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Elon Musk responds to spying concerns in China: Trust us, we're just like TikTok

Elon Musk responds to spying concerns in China: Trust us, we're just like TikTok

Hong Kong (CNN Business)Tesla CEO Elon Musk says his company's cars would never be used for spying in China, in response to reports that the country's military has banned the vehicles over such concerns."There's a very strong incentive for us to be very confidential with any information," the billionaire said Saturday at the China Development Forum, an annual conference by a unit of the government's State Council. "If Tesla used cars to spy in China or anywhere, we will get shut down."Just hours before he spoke, and reported that China's military had banned Tesla vehicles from entering its...

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Michelle Toh
Mar 22
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Google threatens to shut down search in Australia

Google threatens to shut down search in Australia

Hong Kong (CNN Business)Google says it will shut down its search engine in Australia if a controversial bill designed to benefit the news media becomes law.At a in Canberra on Friday, Australia Managing Director Mel Silva said the draft legislation "remains unworkable," and would be "breaking" the way millions of users searched for content online. "If this version of the Code were to become law, it would give us no real choice but to stop making Google Search available in Australia," she . "That would be a bad outcome not just for us, but for the Australian people, media diversity and small...

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Michelle Toh
Oct 20
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China says it is a 'victim' after Twitter locks embassy account

China says it is a 'victim' after Twitter locks embassy account

Hong Kong (CNN Business)China says that it is a "victim" of misinformation after Twitter restricted the account of the Chinese embassy in the United States.The retort comes after temporarily locked the account of the Chinese embassy over a tweet it posted defending Beijing's treatment of Uyghurs. The post, which was made earlier this month, claimed that Uyghur women in Xinjiang were no longer "baby-making machines.""In the process of eradicating extremism, the minds of [Uyghur] women in Xinjiang were emancipated and gender equality and reproductive health were promoted," the tweet read,...

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Michelle Toh
Jan 15
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LG is officially shutting down its smartphone business

LG is officially shutting down its smartphone business

Hong Kong (CNN Business)LG is getting out of the "incredibly competitive" business of making smartphones.On Monday, the South Korean tech giant announced that it would close down its mobile phone unit after years of losses, marking the end of an era for a trailblazer in the Android world. The division is expected to be wound down by July 31, although the company may continue to sell some of its existing models after that, according to LG Electronics.The "strategic decision to exit the incredibly competitive mobile phone sector will enable the company to focus resources in growth areas such...

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Michelle Toh
Sep 14
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