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News on the Internet & Tech Industry in China

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Playing by the rules

Ant and Alibaba take their regulatory punishment; others may follow
Apr 16, 2021 (WiC 536)

Nearly all Chinese entrepreneurs don’t have happy endings,” Jack Ma told a group of private sector businesspeople back in 2011. Perhaps a few of Ma’s counterparts should have paid more attention to his remarks. Not long ago the bosses of ...

Road to the future

Why Xiaomi wants to step up from smartphones to electric vehicles
Apr 9, 2021 (WiC 535)

When Xiaomi was barely a year old we profiled its founder Lei Jun (see WiC124), describing how he dreamed of creating a smartphone brand that imitated Apple. The Chinese tech tycoon had been inspired by Steve Jobs since becoming a programmer ...

Playing the game

The ESPN of eSports eyes a New York listing
Apr 9, 2021 (WiC 535)

How topical is eSports? In China, it has now become a popular backdrop for many TV dramas. First there was Dt.Appledog's Time, an idol series about eSports. Last week, Youku announced that Falling into Your Smile – which tells the story of a ...

Chinese firms target key chipmaking equipment
Apr 1, 2021 (WiC 534)

China’s struggle to achieve self-sufficiency in the manufacturing of advanced integrated circuits (ICs) is increasingly well documented. Foreign firms control the high-end technologies along the supply chain. But for how much longer? Last ...

Chip champion Empryean eyes Shenzhen listing
Apr 1, 2021 (WiC 534)

If you don’t know how to make something you might need a manual to show you how. But what if there is a gaping hole in the bookshelf where the instruction manual should be? This is the challenge that Chinese chipmakers face as they try to ...

Regulatory roulette

Is Baidu now better positioned than Tencent, Alibaba or Pinduoduo?
Mar 26, 2021 (WiC 533)

More than 1,300 chief executives left the companies they ran last year, according to recruitment firm Challenger, Gray & Christmas. There were another 195 departures in the first two months of 2021. Probably the most high-profile exit is that ...

Defensive attack

Tencent continues on M&A trail in games sector
Mar 26, 2021 (WiC 533)

The shortest deal in history? Earlier this week Burberry unveiled purchasable skins for the popular heroine Yao in Tencent’s mobile game Honor of Kings (one skin featured its iconic trench coat). However, only four days after the ...

Baidu readies its secondary listing in Hong Kong
Mar 12, 2021 (WiC 531)

Apart from students of the Classics, mentions of the Greek god Apollo are more likely to prompt recollections of the American space programme. But in China Apollo is getting new billing as the brand that displaces humans from behind the wheel of ...

Machine learning

Investors overreact to SMIC’s lithography deal
Mar 12, 2021 (WiC 531)

Extreme ultraviolet lithography machines (EUVs) didn’t get much of a mention in the Chinese media until Donald Trump brought telecoms equipment giant ZTE to the brink of collapse in 2018 with an export ban involving US tech components (see ...

China’s Quora goes public in New York
Mar 12, 2021 (WiC 531)

It is said that knowledge is worth more than gold. That maxim will be put to the test as China’s question-and-answer app Zhihu readies to go public in New York. The IPO from the knowledge-sharing platform is expected to raise about $1 ...

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