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

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

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

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 which…

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. US-based…

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 further…

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. “We…

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 free…

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 for…

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 United…

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 functionality…

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 P1000…

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 Off-Campus…

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 envisioned…

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 economy…

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 trade…

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 Yuan…

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 the…

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 launched…

China’s digital economy: network of data centre hubs to address infrastructure imbalance between east and west

China will launch a new national data centre strategy to further expand the country’s digital economy, while meeting Beijing’s ambitious green targets, according to a report by state media China Central Television (CCTV) on Wednesday. The initiative, dubbed “Eastern Data…

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

Chinese telecommunications giant Huawei Technologies Co will deploy its HarmonyOS operating system on smartphones early next month in the latest move to shield its core smartphone business from US trade sanctions. In a 15-second video posted on its official Weibo…

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

Advanced Micro Devices (AMD) chief executive Lisa Su, who took the helm in 2014, has returned the chip maker to profitability, taken market share from Intel Corp and banished concerns about the company running out of cash. More than six…

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

Alibaba Group Holding Limited reported a stronger-than-expected fourth quarter in sales, but swung to a loss after swallowing a record antitrust penalty by Chinese regulators. Sales increased 64 per cent to 187.4 billion yuan, in line with analysts’ estimates. The…

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

Tencent Holdings-backed online insurance technology firm Waterdrop, which raised US$360 million from its initial public offering in New York last week, plans to sharpen its focus on providing health policy coverage to the underserved population in China’s small cities and…

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

As Apple was revealing its newest line of iPads and flashy new iMacs on Tuesday in the US, one of its primary suppliers was enduring a ransomware attack from a Russian operator claiming to have stolen blueprints of the American…

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

Tencent Holdings has unseated Alibaba Group Holding to lead China’s cloud providers in renewable power use, according to Greenpeace East Asia’s latest clean energy scorecard for the country’s Big Tech sector. The report said 13 of China’s 22 biggest technology…

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

Octopus Holdings, Hong Kong’s home-grown cashless payment operator, will soon launch a new transit card that works in more than 300 cities in mainland China as its business at home faces growing pressure from digital payment rivals such as Alipay…

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

Huawei Technologies Co will invest US$1 billion on researching self-driving and electric-car technologies, accelerating plans to compete with Tesla Inc and Xiaomi Corp in the world’s biggest vehicle arena. Huawei’s autonomous-driving technology has already surpassed Tesla’s in some spheres, for…

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

ByteDance has more than doubled its internal valuation in a new stock option plan for employees, as strong performance by its short video-sharing platform TikTok raised optimism about its business outlook, according to three people with knowledge of the matter.…

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

JD.com, Meituan and ByteDance led the first group of Chinese Big Tech companies to pledge compliance with the law, a day after regulators told them to “learn a lesson” from Alibaba Group Holding in Beijing’s latest antitrust crackdown.  On Wednesday,…

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

Chinese telecoms giant Huawei Technologies Co is taking time to set strategy for its cloud business as the Shenzhen-based company pushes ahead with a broader effort to turn itself from a hardware maker into a software provider in the face…

Tencent merges video platforms to sharpen competition with TikTok owner ByteDance

Internet giant Tencent Holdings is merging its two video platforms in a major reorganisation to buttress its efforts against ByteDance-owned Douyin, the Chinese version of TikTok, according to sources familiar with the matter. Tencent Video, the company’s long-form video platform,…

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

SoftBank Group Corp’s Vision Fund profit may reach an unprecedented US$30 billion in the March quarter, almost quadrupling the record it had just set, according to people familiar with the matter. Profit in the unit was supercharged by the successful…

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

Customers of Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chip maker, are facing an extended semiconductor shortage because of short-term geopolitical tensions and escalating demand for chips in the long term. TSMC chief executive C.C. Wei said in…

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

The US House of Representatives Judiciary Committee formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said in a statement on Thursday. With the approval during a marathon, partisan hearing, the…

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

Alibaba Group Holding, the internet behemoth hit with a record US$2.8 billion fine from China’s antitrust authorities, has publicly promised to obey antitrust rules and to assist regulators in maintaining “market order”. Alibaba, the parent company of the South China…

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

China’s national semiconductor fund has trimmed its holdings in the country’s biggest chip maker, cashing out from earlier investments, as Beijing makes tactical adjustments to support the country’s semiconductor firms. The China National Integrated Circuit Industry Investment Fund, initiated by…

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

Hangzhou Hikvision Digital Technology, China’s top surveillance camera systems maker under US trade sanctions, is bracing for an extended global chip shortage, even as the company denies any immediate impact on its operations. Hu Yangzhong, president and general manager of…

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

China’s propaganda department has won three out of four copyright infringement cases it brought against Tencent Holdings over unauthorised showing of movies, court documents showed. The film and television production centre of the Chinese Communist Party’s Publicity Department, which acts…

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