Beijing has asked Chinese e-commerce titan Alibaba to divest its assets in the media sector out of concern over the company’s growing public influence, The Wall Street Journal reported Monday. Its founder Jack Ma, the ebullient and unconventional billionaire who officially retired from Alibaba in 2019 but remains a large shareholder, has been in authorities’ […]

Twitter users who used the word “Memphis” found themselves temporarily locked out of their accounts at the weekend because of a bizarre bug. Several users shared screenshots showing messages from Twitter saying their account was being limited for violating the platform’s rules, after they had tweeted a message which included the word “Memphis.” Twitter late […]

Shares in Chinese smartphone maker Xiaomi surged more than 10 percent in Hong Kong on Monday after a US judge removed it from a blacklist that barred American companies from investing in it. The firm’s stock price has been hammered since mid-January when Donald Trump, in his last days in office, included it in a […]

Bitcoin passed the $60,000 mark for the first time on Saturday, with analysts saying the giant US stimulus package helped boost the world’s most popular virtual currency on its record-breaking run. The cryptocurrency hit $60,197 at 1234 GMT and continued to hover around $60,000, according to the website CoinMarketCap. Bitcoin has tripled in value over […]

A new strain of ransomware has emerged which exploits a security flaw in Microsoft Exchange servers, signalling potentially damaging consequences from a high-profile hack. Microsoft and other security researchers said the new ransomware dubbed “DearCry” was showing up in servers affected by the breach attributed to a Chinese hacker group. “We have detected and are […]