Technology

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14 01, 2022

China tech crackdown: Alibaba, Tencent, ByteDance posts weaker ad revenue growth in 2021, report says

By | 2022-01-14T09:00:22+00:00 January 14th, 2022|Technology|Comments Off on China tech crackdown: Alibaba, Tencent, ByteDance posts weaker ad revenue growth in 2021, report says

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...

13 01, 2022

Ant Group’s restructuring hits a snag as Cinda, Yuyue unexpectedly pull out of Chongqing Ant’s capital raising plan

By | 2022-01-13T15:35:24+00:00 January 13th, 2022|Technology|Comments Off on Ant Group’s restructuring hits a snag as Cinda, Yuyue unexpectedly pull out of Chongqing Ant’s capital raising plan

Cinda Asset Management has unexpectedly withdrawn from the recapitalisation of Chongqing Ant Consumer Finance barely three weeks after announcing it, adding a surprising twist to the restructuring of China’s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...

13 01, 2022

‘Made in China, sold on Amazon’ community grew in 2021 despite crackdown on fake reviews, US e-commerce giant says

By | 2022-01-13T15:30:20+00:00 January 13th, 2022|Technology|Comments Off on ‘Made in China, sold on Amazon’ community grew in 2021 despite crackdown on fake reviews, US e-commerce giant says

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...

13 01, 2022

TSMC plays down chip oversupply concerns, predicts strong 2022 demand following fourth-quarter growth

By | 2022-01-13T10:19:12+00:00 January 13th, 2022|Technology|Comments Off on TSMC plays down chip oversupply concerns, predicts strong 2022 demand following fourth-quarter growth

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...

12 01, 2022

Tencent founder Pony Ma warns company is replaceable in leaked speech signalling a low-key future

By | 2022-01-12T14:00:22+00:00 January 12th, 2022|Technology|Comments Off on Tencent founder Pony Ma warns company is replaceable in leaked speech signalling a low-key future

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...

12 01, 2022

World’s largest iPhone factory maintains production schedule amid latest Covid-19 outbreak in central China

By | 2022-01-12T13:00:11+00:00 January 12th, 2022|Technology|Comments Off on World’s largest iPhone factory maintains production schedule amid latest Covid-19 outbreak in central China

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...

12 01, 2022

China chic beauty start-up Florasis tops TikTok sibling Douyin’s cosmetics sales chart in 2021

By | 2022-01-12T11:00:18+00:00 January 12th, 2022|Technology|Comments Off on China chic beauty start-up Florasis tops TikTok sibling Douyin’s cosmetics sales chart in 2021

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 ...

12 01, 2022

Didi in talks for a second-quarter IPO in Hong Kong on its way to delisting from New York, sources say

By | 2022-01-12T07:28:46+00:00 January 12th, 2022|Technology|Comments Off on Didi in talks for a second-quarter IPO in Hong Kong on its way to delisting from New York, sources say

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...

11 01, 2022

China gaming crackdown: Bilibili says violent titles such as Grand Theft Auto and The Witcher 3 cannot be live-streamed

By | 2022-01-11T14:00:28+00:00 January 11th, 2022|Technology|Comments Off on China gaming crackdown: Bilibili says violent titles such as Grand Theft Auto and The Witcher 3 cannot be live-streamed

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 ...

11 01, 2022

Didi Chuxing co-founder leaves chairman position at payment subsidiary as cybersecurity review drags on

By | 2022-01-11T13:14:10+00:00 January 11th, 2022|Technology|Comments Off on Didi Chuxing co-founder leaves chairman position at payment subsidiary as cybersecurity review drags on

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 ...