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According to the documents of the Cayman Islands court, the bank led by Credit Suisse Group won a court order to dissolve the entity controlled by the Lu Zhengyao family chairman of Ruixing Coffee in order to recover the outstanding debt of US$324.1 million. Judge Raj Parker will issue an order to liquidate Primus Investments …

Credit Suisse wins lawsuit and will recover Luckin Coffee’s 300 million debt Read More »

According to media reports, a few days ago ByteDance set up the first Australian office, with former Google executive Lee Hunter (Lee Hunter) as the general manager of TikTok Australia. Joining Hunt with TikTok is also former Google executive Brett Armstrong (Brett Armstrong), who will serve as general manager of TikTok Australia’s Global Commercialization Solutions …

ByteDance set up Australia office, former Google executive to serve as general manager of TikTok Read More »

The cooperation between Samsung and Huawei does not seem to be smooth. Recently, foreign media sources said that after Huawei issued an invitation to Samsung to cooperate in the foundry of 5G smartphone chips, the latter did not accept the cooperation, and this order has been contracted by TSMC . Just last month, BIS (American …

Samsung is rumored to reject Huawei’s OEM orders, or it may affect the latter’s production of high-end smartphones Read More »

According to media reports, after the merger with Sprint, US telecommunications operator T-Mobile faster than originally planned layoffs. At the same time, AT&T, a competitor in the industry, also informed the union that the telecommunications department of the company will lay off more employees. In April of this year, T-Mobile merged with rival Sprint to …

U.S. telecommunications giants T-Mobile and AT&T plan to lay off thousands Read More »

On June 21st, CRRC Qingdao Sifang Locomotive and Rolling Stock Co., Ltd. undertaken a high-speed maglev test sample car with a speed of 600 kilometers per hour , which was successfully tested on the maglev test line of Tongji University in Shanghai , which marked an important breakthrough in the development of China’s high-speed maglev …

The high-speed maglev at 600 kilometers per hour is coming ! Successful test run! Read More »

According to media reports, SpaceX has applied for a basic international telecommunications service (BITS) license to the Canadian telecommunications regulator Radio-Television and Telecommunications Commission (CRTC). If you successfully obtain a BITS license, it means that SpaceX’s Starlink project can theoretically try to provide more wireless telecommunications services, including voice and data services. According to Musk’s …

SpaceX applies for a telecommunications license in Canada Read More »