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Tencent is not a new name in Asian technology markets. However, finding their moniker in the list of confirmed criminal operations isn’t something one sees every day. Unfortunately, for the tech giant’s management, Beijing has other opinions working in full force. The Chinese government has identified Tencent as directly responsible for serious money management violations spelled out in financial regulations. The punishment will set records for how much Tencent will have to pay out in retribution. China has made 2021 the year that it got rid of massive crypto mining, but what was not overtly visible [...]

A patent portfolio plays a significant role in the overall value of a business. Every business leader must recognize that a solid business goal requires a properly managed portfolio to generate the maximum value for the company. Technological advancements continue to shape the IP landscape. One prominent example is the impact that Artificial Intelligence (AI) is creating on the patent system. According to a recent article by PatSnap, besides the changes in the Patent Act, assimilation of the internet into society also transformed patent practices. AI has allowed easier access to patent records, transforming the legal [...]

TOKYO, Feb 28 - Top car manufacturer Toyota suspended operations at 14 of its Japanese plants after a suspected cyberattack hit one of its major suppliers in the region. Since the breach happened to a third-party supplier, Toyota has declined to comment on the nature of the attack, only stating that the target was Kojima Industries – a company that provides Toyota with plastic parts and electric components. However, Toyota has certainly felt the impact of this attack against Kojima Industries. Shutting down 14 Japanese plants has affected the production of about ten thousand Toyota vehicles, [...]

For the past eight years, Apple has been mired in a patent dispute with the company Wi-Lan over the technology found in Apple's iPhone 5 series and iPhone 6 series smartphones. It's a dispute that has seen two separate trials over the past eight years and one that stems from bandwidth technology that enables a “subscriber unit” rather instead of the “base station” to allocate bandwidth. Now, the US Court of Appeals for the Federal Circuit has decided to move forward with a third damages trial in this ongoing dispute. In an attempt to avoid a third damages trial, Apple [...]

After serving as the chairman of banking giant Credit Suisse for just nine months, Antonio Horta-Osorio is now resigning from his position following an internal investigation that found Horta-Osorio guilty of breaching the bank's COVID quarantine rules. The investigation revealed that Horta-Osorio attended the Wimbledon tennis finals in July 2021. At the time that he attended this event, though, Horta-Osorio had not yet fulfilled the United Kingdom's quarantine requirements for travelers entering the country. According to an article published by Reuters, Horta-Osorio is also said to have violated Swiss COVID restrictions when he allegedly flew into [...]

Lululemon's Mirror fitness device and its corresponding apps have quickly become some of the most popular home fitness products on the market today, providing users with the ability to complete customized workouts and even work alongside virtual personal trainers from the comfort of their own home. Unfortunately for Lululemon, Nike is now alleging that the Mirror and its ecosphere of digital products infringe on numerous patents that Nike has held since 1983.  Nike claims to have filed a patent for a device that tracks workout metrics such as a runner's speed, calories burned, and distance traveled [...]

For years, tech giants such as Facebook, Apple, and Google have benefited from a relative lack of regulation. During that time, these tech giants have grown to become immensely powerful, wielding an incredible amount of control over the daily lives of their users and the world at large. Now, however, lawmakers on both sides of the aisle are finally coming to the conclusion that these tech giants have become too powerful - and an onslaught of antitrust laws could soon follow. In the House and Senate, a slew of new antitrust laws designed to target Big [...]

Pfizer has recently filed a lawsuit against one of its former employees, Chun Xioa Li, alleging that she stole trade secrets and misled Pfizer about her reasons for doing so before resigning from the company. In a brief that was filed on November 23, Pfizer alleges that Chun Xioa Li uploaded over 12,000 documents to her private Google Drive account, including documents related to the company's COVID-19 vaccine as well as documents relating to other confidential drugs that Pfizer is working to produce. Chun Xioa Li first began working for Pfizer in 2006 as an associate director of statistics in [...]