Shares of WuXi AppTec and WuXi Biologics surged in Hong Kong on Friday, following a report that the two firms are looking to divest some of their operations in the wake of new United States legislation targeting Chinese biotech companies. WuXi AppTec’s shares closed up almost 12 per cent to HK$67.10 on Friday, while shares … Read more
The House Judiciary Committee on Thursday sent letters to more than 40 major companies in its ongoing probe of a left-leaning advertising cartel that has allegedly sought to defund news outlets and platforms, including The Post. The panel, chaired by Jim Jordan (R-Ohio), asked the companies — which included Adidas, American Express, Bayer, BP, Carhartt, … Read more
At least two Republican state attorneys general are weighing possible legal action against members of a shadowy cabal that reportedly controls 90% of global marketing spending following allegations that they colluded to withhold ad dollars from conservative outlets, The Post has learned. The Global Alliance for Responsible Media was accused of leading a coordinated effort … Read more
The House on Saturday voted to ban TikTok — and even some Americans who make bank on the Chinese-owned app believe its end can’t come soon enough, saying it’s become a cesspool of hate and misinformation. Comedian and actor Zach Sage Fox, who earns his living in part by posting clips of his standup to … Read more
The House of Representatives has overwhelmingly passed a bill that will ban TikTok in the United States unless its Chinese owner divests from the company — making final passage into law “inevitable,” insiders say. The ban was tied to the vote on a $95 billion foreign aid package for Ukraine, Israel and Taiwan, and has … Read more
ByteDance’s profit surged roughly 60 per cent in 2023, outpacing the growth of online peers Tencent Holdings and Alibaba Group Holding, in a sign of the TikTok owner’s resilience in the face of an economic downturn. Earnings before interest, tax, depreciation and amortisation jumped to more than US$40 billion from about US$25 billion in 2022, … Read more
New York City’s public Wi-Fi network has nixed a controversial deal with Chinese-owned TikTok to bring the service to “every street corner” after a Post inquiry and as congressional scrutiny over the app rages. The planned partnership between the tech firm Intersection and LinkNYC was designed to allow TikTok’s “Out of Phone” service — which … Read more
