Tuesday, February 20

China

Most Popular App in China Spies on Users via Phone: Most Dangerous Malware Ever Found in App
China, News, Tech

Most Popular App in China Spies on Users via Phone: Most Dangerous Malware Ever Found in App

Pinduoduo, the most popular app in China, has bypassed phone security systems and spied on users. It even had access to private conversations. As a result, experts are concerned: "Most dangerous malware ever found in an app." Pinduoduo is a Chinese app where you can buy almost anything. It started with only food, but now clothing, electronics and furniture can also be purchased in the app. With more than 750 million monthly users, it is even the most popular app in China. Of course, it can only be used in China, but owner PDD Holdings also sells stuff in the US, Canada, Australia and New Zealand with the Temu app. The app is by no means unspoken. In February, the Chinese cybersecurity company Dark Navy suspected Pinduoduo of using malware, and in March, Google removed the app fr...
Chinese Hackers Made Off With Millions of American Corona Benefits
China, News, Tech, US

Chinese Hackers Made Off With Millions of American Corona Benefits

The US security service confirms that Chinese hackers stole at least $20 million in US Covid benefits. However, NBC News rang the bell earlier this week and reported that a Chinese hacking team had managed to crack a US fund with corona benefits. The US Secret Service has since confirmed the report to the Reuters news agency without revealing additional details. According to the NBC News report, approved by the security service, those responsible for the theft are the Chinese hacker collective APT41, also known as Winnti. APT41, based in Chengdu, is a particularly active group of cybercriminals who, according to experts, are partly supported by the (Chinese) government to steal specific data but which also have clear financial motives. According to the US security service, this ...
WSJ: China to Complete Investigation into Didi Taxi Service This Week
Business, China, News, US

WSJ: China to Complete Investigation into Didi Taxi Service This Week

The Chinese authorities will conclude their investigation into taxi service Didi this week. This is reported by the American business newspaper The Wall Street Journal.   Didi was suspected, among other things, of illegally collecting personal data from users and of violating competition rules. Didi, for example, would have pushed smaller competitors out of the market in unfair ways. Due to the investigation, app stores had to remove Didi's app. But according to The Wall Street Journal, Didi's app should return to app stores this week. Didi is the largest player in the taxi market in China. Didi will reportedly receive a hefty fine from the Chinese authorities and the company will have to give 1 percent of the shares to the government, giving it more control over the company. Didi...
Coronalockdown in Shanghai Lifted on June 1
China, News

Coronalockdown in Shanghai Lifted on June 1

The lockdown against the coronavirus in the Chinese city of Shanghai will be lifted on June 1. People are then allowed to take to the streets again for no reason and public transport is also restarted.   "The health situation in our city is under control and the situation is getting better," the city government said in a statement. People still have to wear masks and it is not recommended for them to come together in groups. Shanghai has been in full lockdown since April 1 to prevent the spread of the coronavirus. In March, it was originally intended to put two halves of the city on a lockdown for a week, but that eventually became a measure for the entire city. The corona rules were very strict. People were not allowed to leave their homes, which led to food shortages for many res...
Smartphone Maker Xiaomi Sees Quarterly Turnover Fall for the First Time
Business, China, News

Smartphone Maker Xiaomi Sees Quarterly Turnover Fall for the First Time

The Chinese Xiaomi, the third-largest smartphone manufacturer in the world, has recorded lower quarterly sales for the first time in the past period.   The company suffered from the strict lockdown measures in China against the coronavirus, which hit sales. Xiaomi also suffered a loss. Turnover fell by almost 5 percent to 73.4 billion yuan, or more than 10 billion euros, compared to a year ago. A year earlier, that was a profit of more than 1 billion euros converted. Xiaomi is facing higher production and transportation costs and shortages of chips. Due to corona outbreaks, major Chinese cities such as Shanghai have gone into a strict lockdown, making it difficult for people to shop. In addition, high inflation means that consumers spend less money. In addition to smartphones, Xi...
Surge of Coronavirus in China Causes Oil Prices to Fall
Business, China, News

Surge of Coronavirus in China Causes Oil Prices to Fall

Oil prices continue to fall as the coronavirus continues its comeback in China. The corona measures could weigh on the oil demand. China is the world's largest importer of crude oil.   The price for US West Texas Intermediate oil fell to $96 a barrel after a limited price increase - the first in four days - on Friday. In Shanghai, corona infections continue to increase, and it is unclear when the measures introduced against the virus will be lifted. The flare-up has led to disruptions in ports. More than 26,000 new infections were reported on Sunday. Meanwhile, the oil price is almost back to the level it was before the Russian invasion of Ukraine at the end of February. Then, the war prompted the Americans and their allies to release strategic oil reserves to keep prices down.
China and Russia Condemn Western Sanctions Over Ukraine War
China, News, Russia, Ukraine

China and Russia Condemn Western Sanctions Over Ukraine War

China and Russia condemned the "illegal and counterproductive" sanctions Western countries have imposed on Moscow over the war in Ukraine.   For the first time in China since the invasion more than a month ago, Russian Foreign Minister Sergei Lavrov held talks with his counterpart Wang Yi in the eastern province of Anhui. China has organized two days of consultations about Afghanistan in the city of Huangshan, which also includes the US, Pakistan and the Taliban. Russia is turning to China for support as it becomes increasingly isolated from the world stage. The two ministers agreed to strengthen their "strategic partnership" and speak "with a common voice" on global issues. According to Lavrov, the two countries lead the way to a "fairer and more democratic world order". Wang not...
iPhone Production Partially Resumed in Shenzhen in China
Business, China, News, Tech

iPhone Production Partially Resumed in Shenzhen in China

After the mandatory production stop due to a new lockdown due to the corona pandemic, Apple partner Foxconn has partially resumed work at the iPhone factory in Shenzhen, in southern China.   According to Taiwanese parent company Hon Hai, "closed circuits" were created for employees on Wednesday, including dormitories on the property. This makes it possible to resume part of the production. After a new corona outbreak, the city council announced a one-week lockdown on Sunday. During that period, all 17 million inhabitants of the metropolis would be tested. China was experiencing the worst coronavirus wave since the pandemic just two years ago: about 3,000 new infections were reported on Wednesday, most in Jilin province in the northeast of the country. In Shenzhen, there were 92 ne...
Tesla is Also Recalling 200,000 Vehicles in China
China, News, Tech

Tesla is Also Recalling 200,000 Vehicles in China

Car maker Tesla also recalls approximately 200,000 cars in China due to possible technical defects in the trunk. The Chinese regulator reported this on Friday.   The day before, 475,000 vehicles were recalled from the United States. This concerns 180,000 Model 3 cars and 19,700 Model S cars, which were assembled between 2015 and 2020. The former risks damaging the wiring harness for the reversing camera when opening and closing the boot no image is displayed. In Model S cars, a faulty front trunk lock is involved that can cause the hood to open unexpectedly. Tesla said it would fix both issues for free. On Thursday, the company of the eccentric businessman Elon Musk also recalled 475,000 vehicles in the United States for the same reasons.
Joe Biden and Xi Jinping Hold Video Summit to Discuss Thorny Issue of Taiwan
China, News, US

Joe Biden and Xi Jinping Hold Video Summit to Discuss Thorny Issue of Taiwan

US President Biden and his Chinese counterpart Xi Jinping met. It was not a face-to-face meeting but a video conference. However, both leaders emphasized their mutual bond.   Relations between the two countries have been very tense lately. The situation has already deteriorated under Trump, and Joe Biden also focuses on China as the main foreign threat. Biden and Xi know each other quite well. Xi even spoke of an "old friend". Biden's diplomacy also revealed that the US president does not see his colleague as an old friend. But there is a bond of trust: "We can communicate honestly and openly with each other," said Joe Biden. Xi said both countries need to improve communication to tackle the world's major challenges together. Biden also said that both presidents must "ensure that ...