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News
Taiwan's Central Union Oil Food Safety Scandal Escalates: Taisun Enterprise Seeks NT$1 Billion in Damages from Four Supply Chain Partners — BigGo Finance
5+ day, 17+ hour ago (1026+ words) Taisun Enterprise filed a civil lawsuit on the 8th with the Taipei District Court through its attorneys against four companies—Central Union Oil, Fwusow Industry, Formosa Oilseed Processing, and Namchow Holdings—seeking NT$1 billion (approximately $31.8 million) in combined damages for product…...
Xu Xiang's Wenfeng Share Manipulation Case Upheld on Final Appeal; 58 Investors Awarded RMB 8.59 Million — BigGo Finance
6+ day, 4+ hour ago (458+ words) The Jiangsu Provincial High People's Court issued a second-instance ruling in the civil compensation lawsuit against Xu Xiang and Xu Changjiang for manipulating Wenfeng Co.'s share price, awarding 58 investors a total of RMB 8.5978 million (approximately $1.3 million), with Wenfeng Co....
China's Supreme People's Court Issues First AI Ruling Rules: Deepfakes, Voice Cloning, and Doxxing All Constitute Infringement — BigGo Finance
6+ day, 4+ hour ago (261+ words) During a press Q&A session, a responsible official from the relevant department of the Supreme People's Court stated that a tolerant yet prudent approach should be adopted to balance personality rights protection with AI industry development, but "tolerance does…...
TikTok to Pay $400 Million in Landmark Child Privacy Settlement With DOJ — BigGo Finance
3+ week, 1+ day ago (569+ words) TikTok and its parent company ByteDance have agreed to pay $400 million to settle a federal lawsuit alleging the short-video platform violated children's privacy laws by collecting personal data from millions of users under 13 without parental consent. The U.S. Department of Justice…...
Supermicro Board Probe Finds No Evidence CEO Knew of $2.5 Billion Chip Smuggling Scheme — BigGo Finance
3+ week, 2+ day ago (366+ words) Super Micro Computer said Thursday that an independent board-led investigation found no evidence that current senior management knew about an alleged scheme to smuggle $2.5 billion in hardware packed with Nvidia chips to China. So while the company's internal investigation may…...
Xu Jiayin Sentenced to Life Imprisonment in First Trial; Evergrande Group Fines Total Over 15.8 Billion Yuan — BigGo Finance
3+ week, 3+ day ago (750+ words) On August 20, 2026, the Shenzhen Intermediate People's Court delivered first-instance verdicts in the cases against Evergrande Group, Evergrande Real Estate, and Xu Jiayin. Xu Jiayin was sentenced to life imprisonment on multiple charges, with lifetime deprivation of political rights and confiscation…...
Former China Merchants Shekou Zhejiang Chief Detained for Alleged Forced Indecency; Company Scrambles to Scrub Website as Earnings Pressure Mounts — BigGo Finance
3+ week, 4+ day ago (970+ words) Hangzhou's Investigation and Disposal Team announced on August 18 that Zhao Haifeng, former general manager of China Merchants Shekou's Zhejiang subsidiary, has been formally detained on suspicion of forced indecency. Zhao allegedly pushed the victim, causing a Grade 2 minor lumbar injury,…...