China tech

The 100 or so members of ByteDance's investment team have three months to find new roles in the group.
China tech

TikTok owner ByteDance to disband strategic investment team

Moves comes as Beijing heightens scrutiny of deal-making by top tech groups

19 January 2022
Startup Deep Science last year raised 100 million yuan as it pivoted into virtual livestreaming. (Image courtesy Deep Science)
Media & Entertainment

Virtual hosts take China livestream spotlight amid crackdown

Influencers’ tax troubles open door for automated substitutes

18 January 2022
The chipmaker is 51% owned by Tsinghua University, the alma mater of Chinese President Xi Jinping.
China debt crunch

Tsinghua Unigroup restructuring receives go-ahead from court

2 state-backed funds will own China's former national chipmaking champion

18 January 2022
A security camera overlooking a street in Beijing, pictured in November 2021: to blame Chinese-made surveillance cameras for the suppression of people overlooks the decisive roles played by the users of the technology.
Opinion

U.S. has no moral authority over China in tech development

Regulating tech is a challenge that requires cooperation, not finger pointing

17 January 2022
Ant Group has been undergoing a restructuring since a planned $35 billion IPO was called off in November 2020
Finance

China's Ant Group seeks new investors after sudden withdrawal

Pullout could deal a blow to the embattled Alibaba unit's turnaround plans

14 January 2022
Huawei is aggressively ramping up its chip packaging capabilities as a way to lessen the impact of U.S. restrictions on the company's access to vital semiconductor production technologies. (Source photo by AP and Reuters)
Huawei crackdown

Huawei bets big on chip packaging to counter U.S. clampdown

China tech champion doubled semiconductor investments in 2021

12 January 2022
Tencent last week trimmed its stake in Sea by selling shares worth $2.8 billion to $3 billion, sparking a sell-off among investors. (Source photos by Reuters) 
Caixin

Tencent's stake sale in Sea not about regulatory risk: source

Source says move was simply to cash out on an investment

10 January 2022
 WeChat boasts 1.2 billion users across the world, with most living in China. (Photo by Yusuke Hinata)
Cryptocurrencies

WeChat offers digital yuan payments ahead of Beijing Olympics

Tech giant's big user base a boost to China central bank currency

7 January 2022
Bilibili could struggle to squeeze suppliers for the lowest prices demanded by livestream buyers.
Media & Entertainment

Bilibili climbs on livestream sales wagon, but may be too late

In quest to stem losses, Chinese video app runs up against rivals and regulators

6 January 2022
Tencent controls a large share of China's videoconferencing market. (Photo courtesy of Tencent Holdings)
China tech

Alibaba and Tencent rule another Chinese market: video calls

Zoom, Microsoft and Huawei struggle to compete with duo's vast user bases

6 January 2022
China's new regulations giving consumers control over algorithms used to target them are part of a government campaign to rein in the internet sector’s mushrooming power. (Photo by Yusuke Hinata)
Caixin

China tightens grip on Big Tech's use of algorithms

Consumers will have right to control or turn off how they are tracked, targeted

5 January 2022
Forrest Li, founder and CEO of Singapore's Sea, will have overwhelming voting power if a proposed share restructuring is approved that will reduce Chinese shareholder Tencent's voting rights. (Source photos by AP and Reuters) 
Startups

Singapore's Sea plans to reduce Tencent control as it goes global

Proposed share structure change would give CEO Li majority voting power

4 January 2022
SenseTime's stock price moves have been out of sync with the wider market for Hong Kong shares, puzzling observers.
Markets

SenseTime's post-IPO rally surprises market

Shares of sanctioned Chinese AI company up 113% since Dec. 30 debut

4 January 2022
Tencent's dispute with Lao Gan Ma first caught public attention as early as 2020. 
Caixin

China chili sauce impostors jailed for defrauding Tencent

Three forged sauce company's seals to get deals containing game activation codes

31 December 2021
The Hang Seng Tech Index rose 3.6% on Friday, with Alibaba Group Holding, Baidu and Bilibili each rising about 8%.
China tech

SenseTime leads closing surge of China tech stocks

Hang Seng sector index ends year down 48% from February peak

31 December 2021
Huawei's current chairman, Guo Ping, said in a New Year's statement on the morning of Dec. 31 that the path ahead will be challenging.
Huawei crackdown

Huawei logs first annual sales drop in 2021 amid U.S. crackdown

Revenue falls 28.8% to $99.4bn; chief tells staff path ahead will be challenging

31 December 2021
SenseTime says 60% of the IPO proceeds will be devoted to research and development, with the rest used for business expansion and working capital.
IPO

SenseTime shares gain in Hong Kong market debut

Stock of AI facial recognition company gains as much as 23%

30 December 2021
Due to a falloff in domestic transactions, Didi's revenues contracted 11.5% in the third quarter from the second. 
China tech

Didi Global pushed into the red by China crackdown

Ride-hailing company posts $4.8bn quarterly loss as rivals circle

30 December 2021
The deal will see Meituan launch a miniprogram on the Kuaishou platform through which its merchants can directly sell their products and services, give out coupons and provide after-sale services to Kuaishou users. 
Caixin

China's Kuaishou partners with Meituan to take on TikTok twin Douyin

Short video platform ups the ante in expansion into local lifestyle services

30 December 2021
Creditors representing more than 90% of outstanding claims voted in favor of the draft restructuring proposal at an investors' meeting on Wednesday, Unigroup said in a statement.
China debt crunch

China's Tsinghua Unigroup says creditors back restructuring plan

Chipmaker clears a major hurdle as $9.2bn investment reportedly on way

30 December 2021
Medical workers walk with a police robot at the Wuhan international airport in April 2020. China's robotics market hit 100 billion yuan last year.
China tech

China lays out path to become robotics powerhouse by 2025

Beijing sets sights on 20%-plus annual growth and world-class innovation

29 December 2021
Individuals navigate Baidu's XiRang metaverse via smartphone or PC by using a controller. (Photo by Takashi Kawakami)
China tech

China's Baidu jumps into the metaverse realm

XiRang contains tourist sites and venues for virtual meetings

28 December 2021
A screen displays Xi Jinping during the China International Fair for Trade in Services in Beijing on Sept. 5: Beijing will add more hardware to its toolbox.
Opinion

2022 look ahead: Five predictions for China tech

Continuing conflict with the U.S. and limited progress on self-reliance can be expected

25 December 2021
Tencent's surprise move marks the first time it will pay a half-year dividend to public shareholders. (Source photos by AP)
Retail

Tencent to slash stake in Alibaba rival JD.com

Shareholders to receive online retailer's stock as interim dividend

23 December 2021
Chinese startup Haomo.AI will use the fresh capital to upgrade self-driving technology and build its talent pool. (Captured image from Haomo.AI website)
DealStreetAsia

Chinese self-driving startup hits $1bn valuation

Haomo.AI gets fresh money from Meituan and Qualcomm's VC arm

23 December 2021