In today’s ExchangeWire news digest: the Biden administration threatens to ban TikTok unless its Chinese owners sell their stakes; the UK Treasury commits £900m to developing the country’s AI strategy; and Stripe raises funding in excess of €6bn (~£13b…
In the post-2016 U.S. election world, secretive online campaigns designed to influence global politics are nothing new. And while U.S. adversaries like Russia, Iran and China have been linked to government propaganda on major social media sites, there’s been little evidence to date of the U.S. and its allies leveraging the same techniques to shape […]
TikTok’s parent company ByteDance is making some pretty heavy bets on the healthcare space as it acquired Amcare, which runs high-end children’s and women’s hospitals across China. The buyout cost ByteDance $1.5 billion, according to Bloomberg. A spokesperson for Xiaohe Health, ByteDance’s healthcare business, confirmed the acquisition but declined to comment on the deal size. […]
For years, China has left a loophole open for people to access unauthorized video games, but it’s ready to close it. Many foreign titles lack a Chinese publishing partner like Tencent to help them obtain the government-issued license needed to operate in the country, so players normally rely on an “accelerator” to reduce delays of […]