Huawei's founder Ren Zhengfei said the company's 's 5G plans would not be affected and predicted that no other parties would be able to catch up with the company in 5G technology in the next 2-3 years.
Amazon said it would close down its online retail operations that cater to consumers in China in an apparent admission of defeat to local e-commerce rivals.
Tiktok has already been banned in neighbouring Bangladesh and hit with an enormous fine in the United States for illegally collecting information from children.
EU antitrust regulators have slapped Google’s Alphabet with a $1.69 billion fine for blocking rival online search advertisers. This makes it the company’s third penalty in two years.
The European Commission said Google, a division of Alphabet, had prevented third parties using its AdSense advertising service from displaying search advertisements from Google's competitors.
The probe follows a complaint that Alphabet Inc’s Google unit had “abused its dominant position and made the efforts of other companies difficult.
Alphabet Inc's Google unit won approval from US regulators to deploy a radar-based motion sensing device known as Project Soli.
In Europe and Asia, there was much talk about the surprise arrest of Carlos Ghosn, boss of the Renault-Nissan-Mitsubishi alliance, and stocks in the three companies plunged, while Wall Street suffered a second big decline.
Google's response came after a New York Times report said the search engine giant protected three senior executives from allegations of sexual misconduct by offering them payouts.
The statement from CEO Sundar Pichai follows a New York Times report which says the tech giant protected Android creator Andy Rubin after he faced accusations of sexual misconduct.
As the company marks 20 years, it has grown from simply a better way to explore the internet to a search engine so woven into daily life its name has become a verb.
Google has been ordered to put a stop to its anti-competitive practices in Turkey.
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