Didi freezes Europe, UK expansion for a year amid data and cybersecurity concerns

Didi Global Inc suspended plans to expand in Europe partly because of concerns over how the Chinese ride-hailing company handles passenger data, according to a person familiar with the matter. Plans to challenge Uber Technologies Inc in Europe, including ...

Tencent-backed comics app Kuaikan turns unicorn in US$240 million funding round

Kuaikan World (Beijing) Technology, the comics app operator backed by Tencent Holdings, has raised US$240 million in a new funding round that elevated it to unicorn status, giving the start-up a boost as competition in China’s online entertainment arena ...

China’s antitrust watchdog deputises new sheriffs to rein in China’s Wild West of online commerce

The sheriff overseeing China’s Wild West of online commerce plans to appoint lots of new deputies to help it crack down on dubious internet activity ranging from fake reviews to inflated sales. In a move to curb unfair competition ...

China’s crackdown on Big Tech is a short-term cost for long-term health: state media

China’s regulatory crackdown on the country’s technology sector, which has so far wiped out around US$1.5 trillion of value from tech stocks, is a short-term cost that must be paid to ensure the healthy long-term growth of the digital ...

Alibaba’s algorithm-powered machine outperforms humans in understanding visuals for the first time

A machine has outperformed humans in understanding images to answer text questions for the first time after Chinese e-commerce giant Alibaba Group Holding’s model “AliceMind” earned the top spot in the global Visual Question Answering (VQA) Challenge 2021. Alibaba’s ...

Tencent posts 29 per cent profit growth despite regulatory uncertainty over gaming, antitrust

Chinese social media and gaming giant Tencent Holdings posted a 29 per cent rise in second-quarter profit amid Beijing’s tighter scrutiny of Big Tech. The Shenzhen-based company reported a profit of 42.6 billion yuan (US$6.6 billion) in the quarter ...

Alibaba’s new blockchain auction platform is selling Star Wars art on a ledger run by Sichuan’s government

Chinese e-commerce giant Alibaba Group Holding has opened a new online market for digital assets traded over a blockchain backed by the Sichuan provincial government, marking another foray into blockchain technology by China’s Big Tech companies. The market launched ...

Hints by SoftBank’s Masayoshi Son at pause from China tech investment stirs unease in the industry

SoftBank founder and CEO Masayoshi Son, one of the biggest venture capitalists supporting China’s technology start-ups, has stirred uneasiness among other investors and tech executives after he said he might pause new deals in the country for a year ...

China’s tech crackdown thwarts Pony.ai’s US listing plans, insiders say

Autonomous driving start-up Pony.ai has put on hold plans to go public in New York through a merger with a blank-cheque firm at a US$12 billion valuation, after it failed to gain assurances from Beijing that it would not ...

China’s probe into ride hailing giant Didi Chuxing may lead to management reshuffle, sources say

Didi-Chuxing, the dominant Chinese ride-hailing service, may have to reshuffle its senior management team as a result of the ongoing cybersecurity investigations into its US$4.4 billion New York initial public offering, according to several sources familiar with the matter. ...

South Korea to release jailed Samsung leader Lee Jae-yong on parole

South Korea will release billionaire Samsung scion Lee Jae-yong on parole this week after he spent 18 months in prison for his role in a massive corruption scandal that triggered nationwide protests and led to the ouster of the ...

US Republicans want former Huawei unit Honor Device Co added to economic blacklist

A group of 14 Republican politicians in the US House of Representatives on Friday asked the US Commerce Department to add former Huawei unit Honor Device Co to the government’s economic blacklist. The politicians led by Republican Michael McCaul, ...

New hires wanted: Apple suppliers in China scramble for workers ahead of iPhone 13 launch

Apple suppliers in China, including the world’s largest iPhone factory, are raising their starter bonuses amid stiff competition for the shrinking pool of young people willing to do manufacturing jobs, as production ramps up on new models expected to ...

China’s SMIC pushes ahead ‘as planned’ with new chip plants in Beijing, Shenzhen amid US trade restrictions

Semiconductor Manufacturing International Corp (SMIC), mainland China’s largest foundry for integrated circuits (ICs), is on track with the construction of new chip fabrication plants in Beijing and Shenzhen, despite lingering risks of US restrictions that may prevent its acquisition ...

Another ‘Made in China, sold on Amazon’ merchant loses 54 stores, with US$6 million frozen by the e-commerce giant

Amazon has removed dozens of stores from yet another large Chinese company using the platform to sell overseas, with millions of dollars having been frozen since late July amid a continuing crackdown from the US e-commerce giant on violations ...

TikTok steps up efforts in US to boost popularity as Trump-era hostility subsides, but political challenges remain

TikTok, the popular short video app developed by Beijing-based ByteDance, is stepping up efforts to boost its profile in the US since political pressure on the platform has subsided following the departure of former president Donald Trump. In the ...

How Tencent missed its chance join the trillion-dollar club: a brief history

At the beginning of 2021, the trillion-dollar club almost added a new member: Tencent Holdings. However, the social media and gaming giant saw its momentum flag as China’s government ramped up the pressure on the country’s entire technology sector. ...

World’s largest iPhone factory escapes Henan floods but facing worker shortage as it ramps up production, local media reports

The world’s largest iPhone factory, run by Foxconn Technology Group in Zhengzhou, has emerged largely unscathed from local flooding and is now preparing for iPhone 13 production, the official Henan Daily reported on Monday. The newspaper reported that as ...

‘Made in China, sold on Amazon’ merchants scramble to minimise losses after US platform closes over 50,000 Chinese shops

Chinese merchants locked out of selling on Amazon are weighing their legal options and looking to Beijing for help after the world’s largest e-commerce platform shut down more than 50,000 stores from the country over banned practices such as ...

Texas Instruments, one of world’s largest chip makers, worries industry will make too many semiconductors

Chip makers from Taiwan to the United States are cranking up production to address semiconductor shortages that have hammered carmakers and other customers, as they try to emerge from the coronavirus pandemic. Now that unprecedented surge in investment is ...

Elon Musk says SpaceX owns bitcoin and Tesla may resume accepting the cryptocurrency when it’s more energy efficient

Elon Musk’s love affair with bitcoin runs deeper than previously known. The billionaire head of Tesla Inc said his space exploration company also owns the digital token – and has no plans to sell it. Speaking at “The B ...

Forbes China names Alibaba founder Jack Ma country’s most generous entrepreneur in 2020, as tech giants top charity list

Jack Ma, founder of e-commerce giant Alibaba Group Holding, was the most generous Chinese entrepreneur last year, according to the latest Forbes China list published on Tuesday. Ma, who retired as Alibaba’s chairman in 2019, has largely faded from ...

Beijing’s decision to block Tencent’s Douyu-Huya merger deal marks end of freewheeling internet era in China

The Chinese government had never said no to a merger deal in the country’s technology sector until last Saturday when the State Administration for Market Regulation (SAMR) blocked Tencent Holdings’ plan to merge Douyu and Huya, two video game ...

ByteDance’s gaming chief sets out global ambition to rival Nintendo and Blizzard after US$4 billion Moonton deal

ByteDance’s gaming chief Yan Shou said that the Beijing-based tech giant needs to focus on becoming a global gaming company to rival international gaming powerhouses such as Nintendo and Activision Blizzard, according to an internal speech, a copy of ...

Beyond Meat opens JD.com store in e-commerce push to entice meat substitute-averse Chinese consumers

Beyond Meat said on Thursday it has launched an online store in China on JD.com’s e-commerce platform, as the plant-based meatmaker aims to boost sales in the world’s biggest meat market where consumer interest in meat alternatives is low. ...

Trip.com ordered to make exception to privacy policy in lawsuit that could open the door to further legal action

Chinese online travel services giant Trip.com has been ordered by a mainland court to make an exception in the application of its privacy policy after finding that the Shanghai-based company engaged in price discrimination, potentially opening the company to ...

TSMC says Nanjing wafer fab expansion plans on track as second quarter revenue surges 28 per cent

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract producer of advanced chips, said on Thursday it will press ahead with its 28-nanometre fab expansion in Nanjing, defying speculation that the project could be affected by US-China tech rivalry. ...

Elon Musk admits he uses his sense of humour to get free press for Tesla

Elon Musk swears that he is funny. The Tesla chief executive officer, testifying under oath on Monday at a trial over the electric carmaker’s controversial 2016 acquisition of SolarCity, said he leans into his sense of humour to generate ...

UK probes Chinese takeover of Newport Wafer Fab, the country’s biggest chip plant

Britain’s national security adviser will examine the takeover of the country’s biggest semiconductor plant by a Chinese-owned company after lawmakers said it could threaten the country’s hi-tech future. Nexperia NV acquired Welsh-based Newport Wafer Fab, which makes semiconductors mainly ...

Huawei, Volkswagen supplier enter 4G licensing deal as US sanctions-hit telecoms giant widens business

Huawei Technologies Co has agreed to license its 4G mobile technology to a supplier of Volkswagen, the world’s largest carmaker, as the Chinese telecommunications giant moves to diversify its business to help overcome crippling trade sanctions imposed by the ...

China’s TikTok gets its own web version as user growth plateaus, nearing the country’s total mobile user base

Douyin, the Chinese version of TikTok, has launched a web version of its app accessible to desktop users, shifting away from its “mobile-only” strategy as it seeks new growth in a saturated market. Douyin.com has much of the same ...

Bitcoin crackdown sends graphics cards prices plummeting in China after Sichuan terminated mining operations

China’s ongoing bitcoin mining crackdown has sent the price of graphics cards plummeting, making the critical component in mining operations much more affordable in the country but leaving miners with fewer places to set up shop. The Nvidia Quadro ...

China’s new private tutoring regulatory watchdog is another blow to the industry amid ongoing crackdown

China’s Ministry of Education has created a new department to oversee the country’s booming off-campus tutoring market and bring regulatory oversight to private teachers and curricula, spelling trouble for an industry that has proven attractive to venture capital. The ...

Google’s smartphone tie-up with Indian billionaire Ambani faces supply chain constraints and culture clashes

Billionaire Mukesh Ambani’s plan to conquer the Indian market with a locally assembled Google-powered smartphone is facing headwinds, with supply-chain disruptions and rising component prices suppressing production volumes, people familiar with the matter said. Ambani’s Reliance Industries Ltd originally ...

China must pursue chip assembly, packaging breakthroughs to catch up with semiconductor leaders, experts say

China must pursue breakthroughs in chip assembly and packaging technologies to catch up with global industry leaders, according to experts who spoke on Wednesday at the World Semiconductor Conference held in the eastern city of Nanjing. The world’s second-largest ...

US-China tech war: American tech bill locks Huawei on Washington’s trade blacklist as the company plays up its cybersecurity credentials

A bill aimed at bolstering America’s technological power to counter China, which was passed by the US Senate on Tuesday, has singled out Huawei Technologies Co as a threat and prohibits the Commerce Department from removing it from a ...

Covid-19 outbreak at Taiwan chip-testing factory may worsen semiconductor shortage

A cluster of Covid-19 infections at a factory in central Taiwan temporarily stopped operations at one of the world’s largest chip-testing companies, the latest sign of potential disruption to a technology supply chain already struggling from semiconductor shortages. King ...

China’s tech hub Shenzhen restricts travel and tests millions to stem Covid-19 after one case confirmed

Shenzhen, known as China’s Silicon Valley, has imposed new requirements for travel and is conducting widespread testing to try and stem the spread of Covid-19 in a show of zero tolerance after the city confirmed one imported case over ...

Struggling Huawei steps up software drive with HarmonyOS 2.0 for Internet-of-Things era

Telecommunications giant Huawei Technologies Co plans to expand the reach of its HarmonyOS mobile platform in the Internet-of-Things (IoT) market, where its self-developed operating system could be used in more devices than Google’s Android. HarmonyOS 2.0, which Huawei formally ...

How today's FCC is tackling the digital divide, robocalls and more

© Provided by CNET Acting FCC Chair Jessica Rosenworcel says the pandemic has presented policymakers with an opportunity to finally close the digital divide. Chip Somodevilla/Getty Images For Jessica Rosenworcel, acting chair of the Federal Communications Commission, the moment ...

TECH NEWS LATEST

Huawei to roll out self-developed Harmony OS for smartphones next month, ending its reliance on Google’s Android

AMD CEO Lisa Su says chip shortages ‘not a disaster’ but semiconductor firm’s path gets tougher

Alibaba swings to a fourth-quarter loss after swallowing US$2.8 billion antitrust fine

Tencent-backed online insurer Waterdrop seeks to widen health policy coverage for China’s poor, founder says

Tech giant Apple targeted in US$50 million ransomware hack at Taiwanese supplier Quanta

Tencent unseats Alibaba to top China’s Big Tech clean energy rankings for cloud providers, Greenpeace report says

Hong Kong’s Octopus to launch payment card for mainland Chinese public transport as pressure from Alipay, WeChat Pay mounts at home

Huawei invests in self-driving and electric car tech it says surpasses Tesla

ByteDance raises stock-option offer for employees amid talk of Hong Kong IPO, sources say

JD.com, Meituan and ByteDance among the first to pledge antitrust compliance after being told by Beijing to learn a lesson from Alibaba

Can China’s Huawei transform itself from hardware giant into a leading software provider with cloud?

Tencent merges video platforms to sharpen competition with TikTok owner ByteDance

SoftBank Vision Fund’s profit nears US$30 billion on Coupang IPO, ByteDance stake

TSMC chief blames geopolitical tensions for chip shortage, plays down threat from Intel and rival fabs

US House committee approves plan to rein in the likes of Facebook and Amazon

China antitrust: Alibaba promises to assist regulators to maintain ‘market order’ after record fine

China’s state semiconductor fund trims holdings in SMIC as Beijing focuses on next wave of development

Chinese surveillance camera maker Hikvision warns of long-term chip shortage

China’s propaganda film department prevails against Tencent in copyright infringement cases

Shanghai Auto Show: Chinese internet search giant Baidu to supply its Apollo self-driving system to 1 million cars in 3-5 years

China antitrust: Alibaba’s home province vows to ‘supervise and guide’ the e-commerce giant to rectify violations

What differentiates China’s Big Tech antitrust challenges from those of Google, Amazon, Facebook or Apple