China tech

Established 10 years ago, battery maker CATL has grown into the third-most valuable publicly traded company in China. 
Caixin

How China EV battery king CATL is defending its throne

Company keeping pressure on upstart rivals by investing billions of dollars

21 December 2021
Alibaba Group Holding founder Jack Ma, then executive chairman, celebrates at the New York Stock Exchange on Sept. 19, 2014, the day that the company held its initial public offering and began trading there.
Markets

Tencent and Alibaba vanish from world's top 10 by market cap

Chinese companies bleed value under pressure from both Beijing and Washington

21 December 2021
China is slipping further behind the U.S. in the number of unicorns -- startups valued at more than $1 billion -- as ranked in a global survey. (Source image by AP)
Startups

China trails U.S. in creating unicorns, Hurun ranking shows

Two countries dominate, with nearly 75% of total; India in third place

20 December 2021
The Hongguang Mini EV doesn't need government subsidies to turn a profit, its maker says. (Source photo by Yuki Nakao) 
Automobiles

China EV teardown: A $4,500 'alternative to walking'

SAIC-GM-Wuling uses cheap parts but makes them easy to replace

20 December 2021
SenseTime's shares are due to start trading on the Hong Kong Stock Exchange on Dec 30.
IPO

SenseTime relaunches $767m Hong Kong IPO after U.S. investment ban

Company plans to sell 1.5bn shares; the final price due to be set on Thursday

20 December 2021
Huawei's new $31 million health lab opened recently in Dongguan, the company's third such facility in China. (Photo courtesy of Huawei Technologies)
China tech

Huawei wearables hit the gym, pool at new $31m fitness lab

Tech company turns to smartwatches to offset smartphone slump

19 December 2021
Tsinghua Unigroup Chairman Zhao Weiguo, seen here in 2015, objects to the proposed restructuring deal for the Chinese state-owned tech group.
China debt crunch

Unigroup rescue plan opposed by chipmaker's co-owner

Top shareholder defends deal to 'make contributions' to national goals

17 December 2021
EcoFlow raised over 1.1 billion yen in all for three projects on Japan's Makuake crowdfunding site (Screenshot of Makuake webpage)
Startups

Chinese tech startups flock to foreign crowdfunding platforms

Online fundraising sites used to boost name recognition, expand sales

17 December 2021
Ride hailers are having a particularly difficult time in Beijing and Shanghai, where authorities are demanding that drivers have local household registrations.
Caixin

China in depth: Didi fallout puts industry under microscope

Closer scrutiny, stricter compliance rules limit ride hailers' growth prospects

16 December 2021
China's Oppo joins a string of global smartphone makers releasing foldable handsets in hopes of stimulating a mature market. (Photos courtesy of Oppo) 
China tech

China's Oppo debuts foldable smartphone to compete with Samsung

Phone makers hoping foldable handsets will stimulate mature market

15 December 2021
Three Tokyo outlets of U.S. hamburger chain Wendy's introduced a payment system that utilizes SenseTime's facial recognition technology on Wednesday. (Photo by Yuki Kohara)
SoftBank

SoftBank unit spreads SenseTime facial recognition tech in Japan

Chinese AI group's biggest outside investor helps roll out system at Wendy's

15 December 2021
Tsinghua Unigroup has worked with a consortium led by Beijing Jianguang Asset Management and Wise Road Capita on restructuring debts.
Caixin

Tsinghua Unigroup submits debt restructuring plan to court

Report says investors to earmark $9bn for creditors of troubled chipmaker

15 December 2021
An employee of GlobalFoundries holds a 300-millimeter wafer at the company's chip factory in Dresden, Germany on July 1.
Supply Chain

Chipmakers' nightmare: Will shortages give way to a supply glut?

Expansion plans raise fears of another boom-to-bust cycle within the industry

15 December 2021
Chinese ride-hailer Didi disclosed a plan to withdraw from the New York Stock Exchange and relist in Hong Kong in a brief statement on Dec. 3, barely five months after its June 30 IPO.
Caixin

Didi's rocky road to a Hong Kong share listing

Chinese ride hailer walks regulatory, cost tightrope to pull out of Wall Street

14 December 2021
Weibo, which operates a platform similar to Twitter, has been ordered to "immediately rectify and deal with relevant responsible persons seriously," the Cyberspace Administration of China said in a statement.
China tech

Weibo fined by Chinese regulator for posting illegal information

Beijing's local cyberspace authority also imposes 44 penalties on the company

14 December 2021
SenseTime launched its debut share sale last week, aiming to raise as much as $767 million.
IPO

Chinese AI group SenseTime postpones IPO following U.S. sanctions

Company 'remains committed' to plan for Hong Kong share sale

13 December 2021
ByteDance has been reported to have cut thousands of staff, particularly within its education units.
13 December 2021
SenseTime had said it expected its shares to begin trading in Hong Kong on Dec. 17.
IPO

SenseTime IPO plan in jeopardy as U.S. adds it to blacklist

AI unicorn labeled part of China military-industrial complex before Hong Kong listing

11 December 2021
Douban is most popular with educated young women from the country's major urban centers and is known for its analytical and influential reviews of books and movies.
Media & Entertainment

China kicks social network Douban out of app stores

Leading cultural platform under pressure from authorities and nationalists

9 December 2021
China's e-commerce giant is experiencing its lowest growth ever, prompting it to make big changes.
China tech

Alibaba bets on Jack Ma protege to reverse slowdown

CEO Zhang seen losing clout in sweeping leadership and organizational changes

9 December 2021
Weibo, which had 573 million monthly active users as of Sept. 30, has lost half its U.S. market value since July. 
IPO

Weibo to reach Hong Kong market as Didi pulls up stakes in U.S.

Squeezed by Beijing and Washington, China tech companies seek new sanctuary

7 December 2021
Nine cornerstone investors, mostly state-owned enterprises, have committed to buy as much as 60% of SenseTime's IPO shares.
IPO

Chinese AI group SenseTime launches downsized Hong Kong IPO

Company known for facial recognition seeks up to $767m, down from $2bn target

7 December 2021
Unicorn ByteDance wants to diversify beyond its mainstay consumer-facing apps as Beijing ramps up scrutiny of tech giants. 
Caixin

TikTok-owner ByteDance looks to cloud amid China platform crackdown

Unit launches 78 services as it pushes into area dominated by Alibaba, Tencent

6 December 2021
Passengers wait at the Didi station launched by Didi Chuxing in Quanzhou, Fujian Province, China. 
China tech

Didi delisting reflects Chinese worry over losing big data to U.S.

Xi keeps tight controls on tech companies ahead of party congress

4 December 2021
Didi's shares have fallen more than 50% since its IPO, leaving it with a market capitalization of $37.62 billion.
China tech

China's Didi Global to delist from New York in favor of Hong Kong

Leading ride-hailer to make dramatic retreat after $4.4bn June IPO

3 December 2021