Growth in advertising revenue at China’s three biggest technology companies – Alibaba Group Holding, Tencent Holdings, and ByteDance – slowed in 2021 amid Beijing’s regulatory clampdown on the internet industry, according to new research.Top-ranked Ali...
Cinda Asset Management has unexpectedly withdrawn from the recapitalisation of Chongqing Ant Consumer Finance barely three weeks after announcing it, adding a surprising twist to the restructuring of China’s largest fintech company.Cinda said its board...
The “Made in China, sold on Amazon” community continued to grow in 2021 despite an extensive crackdown on paid reviews and other violations that removed thousands of Chinese sellers from the platform, the US e-commerce giant said.The number of new Chin...
Taiwan Semiconductor Manufacturing Co (TSMC) said on Thursday that mature chip-making technology using the 28-nanometre node process will be a “sweet spot” in 2022, downplaying concerns of oversupply as the company expands leading and mature capacity a...
Pony Ma Huateng, the founder and chief executive of Tencent Holdings, warned employees last month that the company could be replaced at any time in a speech emphasising the company’s role in providing a service to society, according to a report by onli...
The world’s largest iPhone factory, operated by Foxconn Technology Group in the central Chinese city of Zhengzhou, has kept up with its production schedule, despite a jump in new Covid-19 cases across the landlocked province of Henan where the plant is...
A direct-to-consumer cosmetics company offering products designed with traditional Chinese aesthetics in mind became last year’s bestselling beauty brand on Douyin – the Chinese version of short video app TikTok – according to rankings released by app ...
Didi Global is in talks to launch its initial public offering (IPO) in Hong Kong in the second quarter, as China’s dominant ride-hailing company prepares to exit the New York Stock Exchange (NYSE), according to two sources familiar with the matter.Didi...
Chinese video platform Bilibili said it will ban live-streaming of more than 60 video games, including the popular Grand Theft Auto (GTA) series and The Witcher 3 to comply with regulatory guidelines, in the latest sign that companies are falling into ...
Bob Zhang Bo, co-founder and chief technology officer of Chinese ride-hailing giant Didi Chuxing, has left his position as chairman of Didi’s payment subsidiary while the parent company remains under a cybersecurity investigation at home and is in the ...