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3 mins read
OpenAI competitors from China: Alibaba, Bytedance, Tencent, and others vie for a 'winner-take-all' AI market
China's largest companIes including Alibaba, Bytedance and Tencent have all built tools to compete …
Monica Melton
3 mins read
China's Instagram-like Xiaohongshu joins the tech layoff bloodbath, cutting about 10% of employees
Xiaohongshu said it's laying off up to 10% of its workforce. The cuts add to the tens of thousands …
Weilun Soon
2 mins read
China's e-commerce giant JD.com is reportedly laying off at least 400 workers, adding to massive layoffs seen at other major Chinese tech firms like Alibaba and Tencent
This series of layoffs comes as China's tech giants grapple with Beijing's crackdown on the sector,…
Weilun Soon
1 min read
Meet the new CEO of Alibaba
The leadership shake-up comes months after Alibaba, which is the third-most valuable company in Chi…
Lina Batarags
2 mins read
Tencent and Alibaba Group have lost more than $100 billion in July as China cracked down on internet giants
The storm of regulatory changes — from new protection for workers to enforcement of minimum salari…
2 mins read
Hong Kong stocks leap as Alibaba, Tencent, and Meituan rocket over 20% after China pledges to keep markets stable
Chinese Vice Premier Liu He promised policies that would boost financial markets and spur economic …
Shalini Nagarajan
2 mins read
The US added China's AliExpress and WeChat to its notorious piracy list, saying China exports the most fake goods and those made with forced labor
The report notes a correlation between the use of forced labor and child labor in producing certain…
Weilun Soon
2 mins read
China's government is buying Alibaba and Tencent shares that give the Communist Party special rights over certain business decisions, report says
The stakes usually involve a 1% holding and are known as "special management shares," according to …
Brian Evans
2 mins read
Alibaba, Tencent and other Chinese techs slide in Hong Kong after Didi bows to pressure to delist in New York
Chinese techs in Hong Kong fell after ride-hailing giant Didi bowed to pressure to pull its US off…
Karen Friar
4 mins read
Alibaba, Tencent, and other Chinese players are betting big on the metaverse — but the government is yet to buy into the hype
This even as industry leaders in the country — including the Ant Group and Tencent Holdings — re…
2 mins read
More and more Chinese tech giants, including the search firm Baidu, are trademarking metaverse terms even as China continues to issue warnings about it
The Nasdaq-listed gaming giant NetEase and the e-commerce giant Alibaba have also jumped on the met…
Huileng Tan
2 mins read
Meta is returning to China 14 years after Facebook was blocked by striking a deal with Tencent to sell its VR headsets
Meta sells ads to Chinese companies but it isn't allowed to operate its platforms in the country.
Jyoti Mann
1 min read
One Chinese billionaire has lost $27 billion in personal wealth during Beijing's tech crackdown
Six of the 10 billionaires who have lost the most wealth this year are Chinese business figures, in…
Ethan Wu
3 mins read
3 reasons to stick with Chinese stocks even as they are battered by regulation, according to Allianz
Investors in Chinese stocks have historically been rewarded with long-term outperformance, said All…
Carla Mozée
2 mins read
Chinese e-commerce site JD.com surges 17% as the company reports record user growth in the 2nd quarter and plays down impact of tech crackdown
Some international investors seemed to be wading back into Chinese tech stocks on Tuesday, with big…
Ethan Wu
2 mins read
Tencent warns China's regulatory crackdown on internet companies isn't over yet
On the tech giant's second-quarter earnings call, Tencent's president said he expects more regulato…
Sophie Kiderlin
1 min read
This Taiwanese manufacturer is now Asia's most valuable company after China's crackdown on big tech firms
TSMC has soared as overwhelming global demand for its chip components has hit industries from autos…
Ethan Wu
2 mins read
Alibaba's stock dropped so much that Jack Ma reversed a plan to sell shares for his other investments
Jack Ma's family office was set to sell 10 million Alibaba shares this week to invest in agricultur…
Huileng Tan
2 mins read
China tightens its grip on tech giants, killing a merger that would have allowed Tencent to dominate the video game streaming industry
Beijing continues to clamp down on monopolies among big tech, blocking plans by Tencent to merge Ch…
Matthew Loh
2 mins read
Tencent shrugged off a new US AI chip ban, saying it's stockpiled enough Nvidia processors for 'a couple more generations'
The Chinese tech giant says it's sitting on a massive stockpile of Nvidia H800 processors.