Lenovo Group Ltd. has reached a tentative $3.5 million settlement to resolve accusations that it had installed on some consumer laptops a type of ad-injecting software that could give criminals a way to steal consumers’ personal information.
NYS Entity Status
NYS Filing Date
FEBRUARY 28, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - ANI INFORMATION TECHNOLOGIES LTD.
Around the Web
- Lenovo Reaches Tentative Settlement Over Superfish PC Adware
Tuesday Sep 5, 2017
- Alibaba and Tencent Set Fast Pace in Mobile-Payments Race
Friday Sep 22, 2017
China’s online juggernauts Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are beating Silicon Valley in the race to build mobile-money systems in some of the world’s fastest-growing consumer markets.
- Indian Technology Workers Worry About a Job Threat: Technology
By NIDA NAJAR - Sunday Jun 25, 2017
Artificial intelligence, automation and big data are raising fears of widespread layoffs in a $150 billion industry.
- China clamps down on holes in ‘Great Firewall’
By Joe McDonald - Friday Jul 21, 2017
BEIJING — As part of a crackdown on Web surfers who evade censorship, China is tightening control over foreign companies’ Internet use — a move that some worry might disrupt their operations or jeopardize trade secrets.In a letter to corporate customers, the biggest Chinese Internet service provider says virtual private networks, which create encrypted links between computers and can be used to see sites blocked by Beijing’s Web filters, will be permitted only to connect to a company’s headquarters abroad.The letter from state-owned China Telecom Ltd. says VPN users are barred from linking to other sites outside China, a change that might block access to news, social media or business services that are obscured by its “Great Firewall.”Authorities have tried to reassure companies they won’t be affected, but if the rules in the China Telecom letter are enforced, they could hamper activity ranging from gathering information for business deals to employees working on business trips.The crackdown reflects President Xi Jinping’s vision of “Internet sovereignty,” or Beijing’s absolute right to control what people can do and see online.Control over information is especially sensitive ahead of a party congress late this year at which Xi is due to be appointed to a second five-year term as leader.Beijing has repeatedly pressured foreign companies to hand over technology, encryption know-how and other trade secrets in exchange for access to its huge and growing market.In a survey by the American Chamber of Commerce in China last year, 79 percent of companies that responded said Web filters hurt them by blocking access to information and business tools.President Trump said in April he would temporarily set aside disputes with Beijing over market barriers and currency while the two sides cooperated over North Korea’s nuclear program.A Western diplomat who asked not to be identified further due to the sensitivity of the issue said companies have told his government they worry the controls might lead to weaker data security and trade secrets being leaked to Chinese competitors.China Telecom and the Ministry of Industry and Information Technology, which announced the January crackdown, did not respond to requests for information about the letter.[...] companies increasingly limit VPN access to employees such as media managers “with a critical business need” to see a banned website, according to Jake Parker, vice president of China operations for the U.S.-China Business Council.
- Alibaba Co-Founder Joseph Tsai Said to Buy Brooklyn Nets Stake
By MICHAEL J. de la MERCED and JOE DRAPE - Friday Oct 27, 2017
Mr. Tsai has agreed in principle to buy a 49 percent stake in the team, people briefed on the matter said, valuing the franchise at $2.3 billion.
- Citigroup, 21st Century Fox, Twitter: Prince’s Arrest Touches Many
By ALEXANDRA STEVENSON - Sunday Nov 5, 2017
Prince Alwaleed’s arrest is likely to reverberate across dozens of publicly listed companies that count him as a major investor.