Ant Group Is Moving Quickly to Comply With Regulations, China's Central Bank Says

Ant is working expediently to rectify its business practices and comply with regulatory requirements, a top Chinese central bank official.

 
U.S. Blacklists Xiaomi, Spares Alibaba, Tencent and Baidu

Smartphone giant Xiaomi became the latest Chinese technology group to be targeted by the Trump administration, with its surprise addition to an investment blacklist sending its shares sharply lower.

 
SAP Forecasts Flat Revenue After Fourth-Quarter Rebound

SAP said it expected cloud and software revenue for 2021 to be flat to up 2%, with operating profit of EUR7.8-EUR8.2 billion, as the software giant released fourth-quarter results ahead of forecasts.

 
U.S. Moves to Block Telecom Tech From China and Others Deemed Foes

It will be up to the Biden administration to follow through on the new rules, which also names Iran and North Korea.

 
Apple's App Store Removes Wimkin Over Calls to Violence

Apple removed social-media platform Wimkin from its App Store, part of a crackdown by tech companies on potentially dangerous content during the presidential transition. The small site, which markets itself as a free-speech haven, had hosted posts that included a call for civil war.

 
GameStop Stock Soars, and Social-Media Traders Claim Victory

Members of Reddit's popular WallStreetBets forum have been touting the videogame retail for weeks.

 
Jumia Shares Notch Third Straight Day of Gains

Citron Research, which once had a short position on Jumia, now believes the e-commerce company's stock could grow.

 
Intel's 'Chief Geek,' Pat Gelsinger, Returns as CEO

The appointment of 30-year Intel veteran Pat Gelsinger marks a turning point for the company as it battles market-share losses and weighs its strategic direction.

 
Cisco Agrees to New Deal to Buy Acacia for $115 a Share

The networking-equipment giant boosted its purchase price for Acacia, which makes optical interconnect technologies, by 64%.

 
Toyota to Pay $180 Million Over Delayed Emissions Defect Reports

The Justice Department complaint alleged several Toyota entities violated the Clean Air Act's requirements for reporting emissions-related defects in automobiles for about a decade.

(END) Dow Jones Newswires

January 15, 2021 07:15 ET (12:15 GMT)

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