Here are today’s top trending news from the world of technology and tech business. News that we feel every tech and business enthusiast should keep a tab on.
1)
TikTok to start live streaming services from this week
TikTok is all set to compete with the likes of Amazon’s Twitch and YouTube. That’s because the video sharing platform is foraying into live streaming space. Starting this week, TikTok will start beta testing its live streaming feature with limited-set of creators. Creators can perform live gigs and live performances for their viewers with the help of this feature. However, this feature will be a paid service. TikTok users may have to pay $4-$5 for subscribing to live streaming service.
2)
Airbnb is closing its business in China
Home rental marketplace Airbnb is exiting the Chinese market. China’s strict COVID lockdown policy, which badly hampered the tourism business, left no option for Airbnb but to exit the Chinese market. In past years, China contributed only 1% to the company’s overall revenue. Notably, Airbnb also offers services in India but the company hasn’t given any sign about its exit from the Indian market. Few years back, the company had even invested in budget hotel marketplace Oyo rooms.
3)
You’ll soon be able to buy NFTs on eBay
E-commerce platform eBay has become the latest company to foray into the NFT space. The company will be foraying into the NFT space with the help of ice hockey legend Wayne Gretzky. The company said that it will launch 13 unique digital collections of Gretzky. These collections will be soon duly available for sale on the eBay platform. With the launch of this digital collection, eBay has become the first major e-commerce company to foray into the NFT space.
4)
NASA accuses China of stealing space technology
America’s space agency NASA has made serious allegations about the Chinese stealing its space technology. This information has been revealed by NASA’s senior official Bill Nelson. Nelson hinted that the Chinese government may have taken the help of hackers to steal the information about NASA’s space technology. He even claimed that Chinese are experts in stealing technology. The U.S government claims that there are too many similarities between space vehicles deployed by the U.S. and Chinese space agency. The American space agency has said that it will beef up its cybersecurity to prevent the theft of its technology.
5)
Starbucks will exit the Russian market
While Airbnb is exiting the Chinese market, Starbucks is making a similar move in Russia. The popular coffee chain company has said that it will soon shut down its business in Russia. But this has nothing to do with the COVID lockdown. Starbucks has actually joined scores of American companies that have quit the Russian market due to its ongoing military invasion against Ukraine. Starbucks reportedly has café stores in nearly 133 locations across Russia. Last week fast food chain company McDonald’s had also announced that it will also exit the Russian market.