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Its main competitor in mainland China is Baidu, which this week pledged to improve its media aggregating service after a complaint about the quality of the service and its search results went viral on social media. Should Bing be blocked, it would mark Microsoft’s second setback in China since November 2017, when its Skype internet phone call and messaging service was pulled from Apple and Android app stores. Microsoft also has a partnership with Chinese data center provider 21Vianet to sell its Azure and Office 365 products.
Alphabet’s Google search platform has been blocked in China since 2010, Google CEO Sundar Pichai said in December that it has no plans to relaunch a search engine in China, though it is continuing to study the idea amid increased scrutiny of big technology firms, China’s President Xi Jinping has accelerated control of the internet in China since 2016 as the ruling Communist Party has sought to crack down on dissent on social media, In a statement on Wednesday, the CAC said it had deleted more than 7 million pieces of online information black cufflinks and studs and 9,382 mobile apps..
TOKYO (Reuters) - Nissan Motor Co Ltd (7201.T) said on Thursday it was preparing to hold an extraordinary shareholders meeting in mid-April to vote on removing former Chairman Carlos Ghosn and director Greg Kelly from the automaker’s board. The board already stripped them of their representative director titles in November following their arrest on suspicion of financial misconduct, but the Japanese automaker needs shareholders’ approval to fully oust them from the board. The meeting agenda will also include the appointment of a new director to be nominated by alliance partner Renault SA (RENA.PA), Nissan said in a statement.
HONG KONG (Reuters) - Pansy Ho, co-chair of Macau casino firm MGM China (2282.HK), has struck a strategic alliance that boosts her control of the crown jewel of her father’s business empire, SJM Holdings (0880.HK), sending shares of SJM sharply higher on Thursday, Pansy Ho’s property to transport black cufflinks and studs conglomerate Shun Tak (0242.HK) said late on Wednesday that Ho and four other shareholders of SJM’s holding company STDM have agreed to jointly vote their combined 53 percent stake to more efficiently manage SJM..
That puts the alliance’s influence at SJM ahead of that of Angela Leong - the casino operator’s co-chairman and current wife of Ho’s 97-year-old father Stanley Ho. Leong holds 8 percent of SJM. The news of the alliance helped send shares in SJM up more than 8 percent on Thursday, while Shun Tak rose 6 percent, as investors expected more stability in SJM’s ownership. SJM and Leong did not have immediate comments. The move comes ahead of the expiration of casino licenses in the world’s biggest gambling hub of Macau, where SJM and MGM’s licenses are set to expire in 2020.
The black cufflinks and studs concessionaires, which also include Wynn Macau, Sands Macau, Galaxy Entertainment (0027.HK) and Melco Resorts (MLCO.O), don’t have clarity yet on what happens when their licenses expire, starting next year, About a third the size of Manhattan, Macau is the only place in China where casinos are allowed, Born into a family that developed a flourishing gambling culture in the southern Chinese territory more than 50 years ago, Ho is spearheading a move to ensure stability, aiming to extend SJM’s gaming concession and maintain STDM as the majority owner of SJM..
(Reuters) - Global auto industry mergers more than doubled to an all-time high of $97.5 billion in 2018 from a year earlier, driven by mega-deals in the automotive parts sector, according to a report released on Thursday by consultancy PwC. Five mega-deals, worth a combined $42 billion, in the component suppliers segment accounted for 43 percent of the total value of M&As last year as companies invested to keep up with a shift by carmakers into autonomous driving, connected cars and electric vehicles, the report said.
SAN FRANCISCO (Reuters) - California power company PG&E Corp, which expects to soon file for bankruptcy, said on Wednesday it would cost between $75 billion and $150 billion to fully comply with a judge’s order to inspect its power black cufflinks and studs grid and remove or trim trees that could fall into power lines and trigger wildfires, PG&E said in a filing in U.S, District Court in San Francisco that it could not on its own afford the work proposed in a Jan, 9 order by U.S, District Judge William Alsup, who is overseeing conditions of the company’s probation following a 2010 gas pipeline explosion..