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Chinese smartphone giant Transsion Holdings, often dubbed the “King of African Smartphones,” made a rocky debut on the Hong Kong Stock Exchange as rising memory chip costs, driven by the artificial intelligence boom, threaten the low-cost business model that propelled its dominance across Africa.

MUMBAI: The crackdown has gone beyond fake profiles, with investigators uncovering the human cost behind the scams. Meta, Google, Microsoft, OpenAI, Adobe, Coinbase, Starlink and other technology companies have joined law enforcement agencies from 10 countries in a coordinated operation targeting online fraud networks in West Africa, leading to the removal of more than 3.7…