Welcome to the world of facts and news

Alibaba thanks Chinese regulators for imposing record $2.8 billion fine

It’s a sign of how odd China’s crackdown on the power of big tech has been compared with the rest of the world.

from Tech-Economic Times https://ift.tt/3wXQuCm

Lockdown blues

Harsh lockdowns have brought e-commerce to a halt in some states, which means that while overall demand for online shopping is still up, it isn’t close to matching last year’s growth.

from Tech-Economic Times https://ift.tt/3dSS2ok

Clubhouse calls report on data breach 'misleading and false'

Clubhouse has denied any breach or hack after a CyberNews report says that a database containing 1.3 million scraped records of the platform's users were posted on a popular hacker forum.

from Tech-Economic Times https://ift.tt/3uUQlhh

Microsoft said to be in talks to buy AI startup Nuance in $16-billion deal

The price being discussed for the Microsoft-Nuance deal could value the Burlington, Massachusetts-based AI startup at about $56 a share, but the terms of the deal could still change.

from Tech-Economic Times https://ift.tt/32bYDEN

4 days, 6 unicorns, $1.55 billion — A week like none other for Indian startups

Just 12 unicorns were born in all of 2020, the highest ever for a year in India. 2021 has already seen the birth of 10 startup unicorns in India, including Pharmeasy, Meesho, Cred, Groww, Gupshup and ShareChat last week.

from Tech-Economic Times https://ift.tt/3tcecZ7

Online gaming has potential to become bigger than entertainment industry: MPL CEO Sai Srinivas

In two-to-three years, online gaming will be much larger than the entertainment industry in India, Mobile Premier League (MPL) CEO Sai Srinivas says, with the country housing a third of all gamers globally.

from Tech-Economic Times https://ift.tt/3a21Tak

Genpact suggests routine testing of staff to help open up the economy

This method helps in detecting asymptomatic carriers and, over time, the infection rate of people working in office is much lower, Genpact COO Darren Saumur says.

from Tech-Economic Times https://ift.tt/326jvO0