Browsing: China

TikTok’s US business is being carved into TikTok USDS Joint Venture LLC, with Oracle, Silver Lake, and MGX taking majority control and ByteDance reduced to a 19.9% stake under strict US oversight of data and algorithms.

India’s top mobile manufacturers, including Apple and Foxconn, are urging tariff corrections in Union Budget 2026–27 to fix an inverted duty structure, cut customs on components, and protect India’s $75 billion phone production and $30 billion export ambitions amid China’s curbs on advanced manufacturing machinery.