Technology

NEW YORK – Meal delivery services became essential during the Covid-19 pandemic, when millions of Americans were under lockdown and restaurants were shut to visitors. But these days, the platforms are increasingly finding…
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Grab Holdings is boosting its ownership of the Indonesian mobile wallet provider Ovo to about 90 per cent by acquiring stakes from Tokopedia and Lippo Group. Grab, which plans to go public via a merger with Altimeter Growth Corp…
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SINGAPORE – Online classifieds marketplace Carousell has joined the list of local unicorns – unlisted start-ups valued in excess of US$1 billion. The group has raised US$100 million (S$134 million) in its latest funding round, taking its…
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The nation’s biggest food delivery services including Uber Eats and DoorDash are suing New York City, arguing that a fee cap first enacted during the pandemic is costing them “hundreds of millions of dollars.” The Big Apple last month…
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PARIS – A French court on Friday (Sept 10) ordered ride-hailing service Uber to pay damages to taxi drivers whose business suffered from unlicensed competitors. Uber France will have to pay 180,000 euros (S$285,000) to 910 taxi drivers and…
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HONG KONG – Tencent Holdings and Netease shed more than US$60 billion (S$80.6 billion) of value as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world’s largest gaming industry. Chinese…
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SAN FRANCISCO – Texas on Thursday (Sept 9) made it illegal for popular social media platforms to ban users “simply based on their political viewpoints”. Political conservatives have accused Facebook, Twitter and other social media giants…
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SAN FRANCISCO – Microsoft warned some of its Azure cloud computing customers that a flaw discovered by security researchers could have allowed hackers access to their data. In a blog post from its security response team, Microsoft said it…
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SEOUL – Shares of Kakao Corp and Naver Corp plummeted on Wednesday (Sept 8), set for the biggest declines in years, after South Korean lawmakers warned the nation’s Internet giants against abusing their market dominance in the pursuit of…
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BRASÍLIA – Brazilian President Jair Bolsonaro issued a decree on Monday (Sept 6) that changes the rules of content moderation on social media, a move that critics argue could hinder the fight against disinformation. The decree goes into…
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