China’s expanded export ban poses fresh challenge to global tech industry

  • 📰 staronline
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The rules were a surprise to many in the market, experts say.

The new list of technologies banned from export announced on Aug 28 came as an unwelcome surprise to an industry already grappling with the uncertainty posed by trade tensions between China and the United States.

In addition to recommendation algorithms such as those used by ByteDance-owned TikTok, the new list of “partially restricted exports” includes drone and cybersecurity technology, voice recognition software, and handwriting scanning software. The Ministry of Commerce was quick to respond to speculation that the new rules were aimed mainly at TikTok, saying they were not targeted at any one company.

A Tencent source, which has a slew of overseas subsidiaries and invested companies, said the company was waiting for clarification on what the rules would mean for technology-sharing with these units.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's expanded export controls pose fresh challenge to global tech industrySHANGHAI: The latest additions to China's list of controlled technology exports could upset a broad range of industries and raise the possibility that some global tech giants might have to split off their Chinese operations, legal experts said.
Source: staronline - 🏆 4. / 75 Read more »

Ailing oil market triggers second wave of floating storageLONDON: A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders includ...
Source: theSundaily - 🏆 25. / 51 Read more »