China tech: News & Insights

Nearly 70% of SMIC's revenue came from China-based customers in the July-September quarter.

Semiconductors

China chipmaker SMIC keeps expansion on track amid US crackdown

Co-CEO says big local production demand driving revenue growth, outlook

12 November 2021

The Singles' Day control room at JD.com headquarters in Beijing: The company has benefitted from the anticompetition crackdown on Alibaba.

Retail

Chinese shoppers force Alibaba to share Singles' Day spotlight

Video apps Douyin and Kuiashou emerge as new rivals with rise of livestreaming

12 November 2021

SMIC is China's biggest contract chipmaker and a key part of Beijing's goal of building a domestic semiconductor ecoystem. (Photo courtesy of SMIC)

Semiconductors

4 directors quit board of top Chinese chipmaker SMIC

Manufacturer announces reshuffle and receives Shanghai Stock Exchange warning

12 November 2021

India’s biggest fintech company, Paytm, though losing money, is about to complete the biggest equity listing in the country’s history.

Comment

China's tech woes make the appeal of emerging Asia more obvious

India and Southeast Asia getting a boost from investors hungry for exposure

11 November 2021

Tencent hopes a new mobile version of its successful “League of Legends” franchise boosts revenues in the fourth quarter.

Media & Entertainment

Tencent revenue growth slows with crackdowns on gaming and tutors

Founder Pony Ma says he 'actively embraces' new regulatory environment

11 November 2021

China has been testing its digital yuan, known as e-CNY, since 2019 and is preparing for a broader trial at the 2022 Beijing Winter Olympics in February 2022.

Caixin

China to strengthen link between digital yuan and payment apps

PBOC head outlines plans to expand ecosystem of new currency

10 November 2021

China's four leading AI companies are starting to lose their luster amid the ongoing Sino-U.S. faceoff and waning investor confidence.

Caixin

China's quartet of AI giants walk through the 'valley of death'

SenseTime, Megvii, CloudWalk and Yitu thirst for IPO cash as investors dry up

9 November 2021

Andy Chan, right, and fellow Qupital co-founder Winston Wong plan to triple the company's staff by the end of 2022. (Photo courtesy of Qupital).

Startups

Alibaba-backed financing platform Qupital raises $150m for growth

Hong Kong startup 'on path to becoming a unicorn,' says 30-year-old founder

9 November 2021

SoftBank

SoftBank swings to loss as Asia investments struggle

Japanese group posts $3.5bn quarterly loss on Coupang, Didi share declines

8 November 2021

China's draft rules on cross-border data transfers do specify what data will be considered "important" enough to require review.

China tech

New China data transfer rules to be costly for foreign companies

Business groups worry about vague terms in draft regulations

8 November 2021

An ad for Futu Holdings covers a tram station in Hong Kong. Platforms like Futu have operated in a legal gray area, giving mainland investors a way to evade capital restrictions on offshore stocks.

China tech

'China's Robinhood' brokerages are next targets in tech crackdown

Shares in Futu Holdings and Up Fintech Holding plunge after Beijing critique

6 November 2021

Alibaba appealed for support for the poor at its Singles' Day launch event in Shanghai. (Photo by Naoki Matsuda)

Retail

Alibaba changes tack ahead of Singles' Day shopping event

E-commerce giant toes party line as it hopes for Beijing's forgiveness

5 November 2021

Advertisement to promote Alibaba's Singles' Day shopping festival in Shanghai on Monday.

Opinion

'Common prosperity' push will further entrench Alibaba and Tencent

That will likely lead to a strengthening of state control over the two tech giants

4 November 2021

Zhang Yiming gave up the CEO role at ByteDance in May, saying he would focus on "longer-term initiatives."

China tech

ByteDance founder Zhang Yiming quits board of TikTok parent

Outgoing chairman to remain a full-time employee but without subordinates

3 November 2021

Byton, which unveiled its first M-Byte concept car in 2018, has yet to start commercial production.

Caixin

China EV startup Byton misses payroll as bankruptcy looms

Partners FAW, Nanjing government and Foxconn appear to lose interest

3 November 2021

Chinese President Xi Jinping surprised observers by announcing on Sunday that his country would seek to join DEPA.

Trade

China applies to join digital trade pact with Singapore and NZ

Beijing's intentions toward the Digital Economy Partnership Agreement unclear

1 November 2021

PAX said it did not "envisage any material financial impact" from last week's raid by U.S. law enforcement agencies on its operations in Florida.

China tech

China's PAX Global to face investors after addressing FBI raid

Shares of payment terminal maker to resume trading on HKEX after 43% plunge

31 October 2021

While Nasdaq-listed JD.com has long been seen as one of China's top online retailers, the growth of its fintech arm has been far from consistent.

Caixin

China's JD.com tries to take finance out of its fintech arm

Unit has seen management exodus and staff cuts as it seeks path back to IPO

30 October 2021

Tesla has been suspected by Chinese authorities of collecting data through its vehicles and transferring the information outside the country. (Photo by Shunsuke Tabeta)

China tech

China to tighten rules on data transfers abroad with review trigger

Security screening required for companies transferring info on 100,000 people

30 October 2021

In roughly 10 years, the total cost of the components in an iPhone has risen from around 23% of its selling price to 36% or more.

Technology

Inside the iPhone 13: Apple's rising costs revealed

Teardown of latest premium model shows where the parts -- and expense -- come from

28 October 2021

PAX trails only Verifone and Ingenico in global sales of payment terminals. (Screenshot from PAX Global Technology website)

Finance

Shares of Chinese payment systems company plunge after FBI raid

PAX Global Technology stock suspended in Hong Kong after 43% fall

27 October 2021

A newsstand in Beijing. The government on Wednesday expanded its list of which news outlets can have articles republished online.

Media & Entertainment

China amplifies state media, muzzles private voices in news list

Caixin removed from roster of outlets approved for online republishing

21 October 2021

Alibaba founder Jack Ma had disappeared from public view for a time after running afoul of Chinese authorities.

China tech

Jack Ma visits Spain, his 1st overseas trip since crackdown

'Study tour' hints at authorities easing up on jet-setting Alibaba founder

21 October 2021

Oppo's development of its own chips is a bet on differentiating itself from other smartphone makers and softening the blow from the global processor shortage. (Source photo by AP and Getty Images)

Semiconductors

China's Oppo joins race to develop own smartphone chips

China's top handset maker looks to use TSMC's cutting-edge 3-nm tech

20 October 2021

Server chip Yitian 710 developed by Alibaba's in-house semiconductor unit T-Head is on display during the Apsara Conference 2021 in Hangzhou, China.

Semiconductors

Alibaba emerges on shortlist to rescue chipmaker Tsinghua

Tech company sole private-sector candidate to bail out China's once national champion

20 October 2021