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Chinese Electric Car Start-Up Li Auto Expects to Sell Fewer Cars Than Nio Has Been Delivering
Li Auto said late Thursday it expected to deliver between 10,500 and 11,500 cars in the first quarter of the year, or fewer than 4,000 vehicles a month.
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Netflix to Spend $500 Million in South Korea This Year to Develop New Content
In the last five year, Netflix has invested $700 million to expand its slate of Korean content.
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Australia Passes New Media Law That Will Require Google, Facebook to Pay for News
It comes days after the Australian government introduced several last-minute changes to the proposed bill.
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Facebook Pledges to Invest $1 Billion in News After Australia Standoff Ends
Facebook is planning to spend at least $1 billion in the news industry over the next three years on the back of its fight with the Australian government.
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Australia's Antitrust Chief Claims a Win Over Facebook in News Battle
Australia’s antitrust chief has claimed a victory over Facebook in a digital news battle that has captivated the world over the last week.
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Facebook CTO Says Tech Pessimism Is ‘Founded on Real Concerns of the Negative Impacts of Technology'
Mike Schroepfer said that in some cases “we haven’t really always done the homework upfront” and thought about what a “bad actor” might do with a product.
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Billionaire Investor Rakesh Jhunjhunwala Reveals How He's Playing India's Electric Vehicle Market
The billionaire investor said he is a large shareholder in Tata Motors and is betting the firm will be a big winner in India’s electric vehicle market.
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It Will ‘Annoy a Huge Group of the Population': How Australians Have Responded to Facebook's News Ban
Facebook will lose fans and customers in Australia as a result of its news ban, according to a Facebook user in Sydney.
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Facebook's Move to Restrict Australian Publishers Was a ‘Nuclear Option,' Expert Says
Facebook said Wednesday that Australian users will no longer be able to view or share news content.
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How Roblox, a Video Game Platform for Kids, Became a $30 Billion Company
More than half of the children in the United States play video games on Roblox. In fact, the massively popular gaming platform has grown so much during the coronavirus pandemic, the company’s valuation has skyrocketed from $4 billion in early 2020 to $30 billion in early 2021. What makes Roblox so popular? It’s a social gaming platform where users can…
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These Stocks May Stand to Benefit From India's Growing Electric Vehicle Market
Financial services firm Motilal Oswal likes these stocks in the EV space: Motherson Sumi, Exide Industries and Maruti Suzuki.
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Qualcomm Objects to Nvidia's $40 Billion Arm Acquisition
Qualcomm has told regulators that it is against Nvidia’s $40 billion acquisition of British chip designer Arm, according to sources familiar with the matter.
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European Warehouse Demand Surges as E-Commerce Giants Like Amazon and Alibaba Snap Up Space
Big investors are pouring money into warehouses in Europe as online shopping for goods — some all the way from China — takes off in the wake of the pandemic.
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India Rebukes Twitter for Not Fully Complying With Government Order to Ban Certain Accounts
Ajay Sawhney, secretary for India’s Ministry of Electronics and Information Technology, virtually met with top Twitter executives on Wednesday.
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There Has Been a ‘Change in Sentiment' on Regulating Google, Travel Firm CEO Says
Axel Hefer, the chief executive of European travel booking firm Trivago, believes attitudes toward the world’s biggest technology companies have changed.
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Google Is Going to Start Paying UK Publishers for News
Google has launched its News Showcase product in the U.K., meaning the tech giant will now pay for news content in the country for the first time.
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Amazon to Buy Half of the Energy Produced by Huge Offshore Wind Farm in the Netherlands
Amazon has announced it plans to buy half of the energy produced by a huge new wind farm in the Netherlands operated by Shell and Eneco.
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Australia's Media Bill Could Become Law ‘Fairly Soon' Despite Google and Facebook Objections, Minister Says
The so-called news media bargaining code would require digital platforms like Google, Facebook to pay local media outlets and publishers to link their content.
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Tesla's China Sales More Than Doubled in 2020
The electric car company has been ramping up production at its factory in Shanghai and selling China-made vehicles to the local market.
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Buzzy New Social Media App Clubhouse Appears to Have Been Blocked in China
The audio-only social media app Clubhouse appears to have been blocked in China.