The U.S. Consumer Product Safety Commission sued Amazon on Wednesday in a rare move that seeks to hold the internet retailer legally responsible for harms caused by products sold on its third-party marketplace. The lawsuit centers around a handful of products that the CPSC determined to be defective or hazardous which were sold on Amazon by third-party merchants using Fulfillment By Amazon, a...
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Opinion Asia Policy
China’s Tech Crackdown Is a Geopolitical Play
It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance—42% of their cumulative value in the U.S. and Hong Kong. Not so long ago, China held up...
China Plans to Require Big Internet Firms to Gain Approvals for Deals
Beijing Olympics Covid-Tracker App Has Security Flaws
NFT Gaming Company Animoca Brands Raised $360 Million at $5 Billion Valuation
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