China tech

Alibaba quarterly revenue rose but its share price is down by a third so far this year.
China tech

Alibaba skips earnings guidance as chairman warns of 'uncertainties'

Revenue in March quarter beats estimates, but growth still at record low

27 May 2022
Tencent Holdings reported poor results for quarterly revenues, as the tech titan failed to grow for the first time since its 2004 IPO.
Caixin

Tencent fires gaming and fintech staff in wake of miserable Q1

Poor performance due to COVID and tough regulations threatens more jobs

25 May 2022
CALB supplies around 70% of the electric batteries used by Guangzhou Automobile Group's Aion division. 
Electric cars in China

State-backed battery maker gives competitive jolt to China's CATL

CALB racks up orders from EV producers seeking alternative supply source

25 May 2022
Didi has faced a series of challenges since pushing forward with its $4.4 billion IPO in New York last year.
China tech

Didi shares fall 4% as shareholders back U.S. delisting

Chinese ride-hailer endures complex cybersecurity review by Beijing since IPO

24 May 2022
Didi Global shares closed at $1.50 in New York on May 20, down from their listing price of $14 in June 2021. 
Transportation

Didi shareholders expected to back U.S. delisting plan

Investors forced to 'play long game' amid unrelenting pressure from Beijing

23 May 2022
Embattled Chinese ride-hailing company Didi Global is holding an extraordinary general meeting to vote on its plans to delist in the U.S.
Your Week in Asia

Japan-U.S. summit, Didi delisting vote, Future of Asia conference

Your weekly lineup of Asia's biggest business and political events

22 May 2022
China Literature's apps give readers access to a huge trove of online novels. (Photo by Yusuke Hinata)
China tech

Tencent spins web novels into game and drama gold

As ad revenue dives, fiction from users provides fodder for entertainment business

21 May 2022
Analysts had expected quarterly revenues for the social media and gaming company to grow about 4% from a year earlier. 
Media & Entertainment

Tencent revenues fail to grow for first time since 2004 IPO

President says it will take time for tech sector to benefit from Beijing's support

19 May 2022
The Ukraine war, inflation and lockdowns in China are the top factors affecting the smartphone industry this year, said an executive at a supplier to Samsung, Xiaomi and Honor. (Source photos by AP and Getty Images)
Supply Chain

China's Xiaomi, Vivo and Oppo trim smartphone orders by 20%

Trio hit by lockdowns and inflation woes while Samsung and Google less impacted

18 May 2022
A JD.com logistics center in Beijing. After taking a toll from the pandemic, the company has been culling staff members to reduce costs.
China tech

China lockdowns a 'double killer' of online, offline businesses: JD.com CEO

Latest outbreak hurts consumers and supply chains more severely, Xu Lei says

18 May 2022
Royole CEO Bill Liu speaks during the 2019 Asian Financial Forum in Hong Kong. The Chinese tech company's fortunes have waned since it unveiled its foldable-screen phone. (Imaginechina via AP Images)
China tech

When unicorns lose their magic: Royole shows steep path for China IPOs

Startups cancel listings in face of crushing competition from big players

17 May 2022
Qihoo 360 Technology Chairman Zhou Hongyi, center, is one of the tech executives due to attend the Chinese People’s Political Consultative Conference event on May 17. 
China tech

China tech bosses to meet officials amid talk of crackdown easing

Mixed signals from top leaders leave executives scrambling for guidance

16 May 2022
The loss marks a dramatic swing in fortunes from a year earlier, when the company posted a 1.9 trillion yen quarterly profit. (Screenshot from SoftBank's YouTube)
SoftBank

SoftBank's Son turns defensive in face of record $16bn loss

Group vows to scale back new investments after tech sell-off hits its portfolio

12 May 2022
Chinese ride-hailing service Didi's headquarters in Beijing: The company will hold shareholder vote on May 23 on its plan to delist from the New York Stock Exchange.
China tech

China's Didi Global warns U.S. delisting key to restoring business

Beijing shut two dozen of ride hailer's app services over cybersecurity concerns

12 May 2022
Alibaba Group Holding, a prominent target of Beijing's clampdown on the tech sector, fell nearly 7% on Friday.
Markets

China to take softer touch on tech giants? Stock prices say no

Hang Seng Tech Index sinks 10% this month as crackdown worries persist

7 May 2022
Alibaba founder Jack Ma has been little seen since attacking regulators in a speech in October 2020.
Politics

China's CCTV in spotlight after 'Ma' arrest report shakes market

Brief plunge in Alibaba stock erased $27bn in share value

4 May 2022
The Chinese government now aims to help prop up the economy by revitalizing the internet sector, including tech giants such as Alibaba and Tencent.
Politics

China set to shift policies to rein in domestic tech giants

Beijing seeks to boost online sector amid slowing economy

3 May 2022
The lockdown in Shanghai and Russian invasion of Ukraine have disrupted supply chains for companies and heightened uncertainty for investors. (Nikkei montage/AP/Reuters)
Market Spotlight

Ukraine war, China lockdowns drag down 70% of Asia's biggest equities

Commodity stocks in India, Indonesia, Malaysia defy broader sell-off

2 May 2022
Stream article image
#techAsia

Inside Honor and Arm wrestling in China

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

28 April 2022
Founded by Aung Kyaw Moe in 2003, 2C2P has hitherto focused on Southeast Asia's top six markets but with Ant investment can now look further afield. (Source photos by Getty Images and courtesy of 2C2P) 
Companies

2C2P aims beyond Southeast Asia with Ant Group investment

Majority stake gives Ant access to large regional retailers and airlines

28 April 2022
The Nikkei, in collaboration with research specialist Fomalhaut Techno Solutions, took apart the Honor's latest smartphone model X30.
China tech

Teardown of China budget smartphone Honor reveals rise in U.S. parts

Former Huawei brand relies heavily on Qualcomm and Micron components

25 April 2022
Zhihu listed on the New York Stock Exchange in March 2021.
Markets

China's Zhihu tumbles 24% in Hong Kong 'homecoming'

Q&A site set for worst debut among U.S.-listed companies seeking backup position

22 April 2022
Didi Global said it will not apply to list its shares on any other stock exchange before the delisting of its American Depositary Shares from the New York Stock Exchange was complete.
China tech

Didi sets shareholder meeting for May 23 to vote on U.S. delisting

Chinese ride-hailing giant says it will continue to explore appropriate measures

17 April 2022
Drivers of food delivery service Meituan are seen in Shanghai. The delivery platform faces a raft of challenges ahead.
China tech

Meituan dangles better compensation to food delivery partners

Chinese delivery giant comes under scrutiny amid Xi's common prosperity drive

16 April 2022
Executives from key Chinese tech companies such as Huawei are warning that prolonged lockdowns will hurt industry. (Source photos by AP, Reuters and screenshot from Xpeng YouTube page) 
Supply Chain

Huawei exec: Supply chains at risk if Shanghai lockdown persists

Tech and auto industries could face 'massive losses,' warns Richard Yu

15 April 2022