Despite a strong rebound in the economy from Covid-19, Chinese consumers bought 27% fewer smartphones in the second quarter compared to last year as they held onto their phones longer before upgrading. China’s smartphone manufacturers spent heavily on marketing as they raced to capture the sales left open by the decline of Huawei, the once dominant brand that’s been hard hit by U.S. technology...
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The Briefing Amazon Google
Cloudflare Complaint Pinpoints Amazon’s Antitrust Weak Spot
Today’s blog post from top executives at Cloudflare blasting Amazon Web Services for the “egregious” fees it charges customers who move their data out of AWS’ servers raises an interesting question. Could the most fertile ground for pursuing antitrust action against Amazon lie in its cloud business, not the ecommerce business that gets all the attention from business media and politicians?...
Electric Truck Maker Rivian Raises $2.5 Billion Round
EU Gearing Up for Lengthy Probe of Facebook’s $1 Billion Kustomer Deal
AWS Accused of Gouging Customers for Networking Bandwidth
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