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News on the Internet & Tech Industry in China

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Apple’s new China partner

How a former ‘factory girl’ is putting pressure on Foxconn’s Terry Gou
Jul 31, 2020 (WiC 506)

After attending a much-feted internet conference in Wuzhen in December 2017, Apple’s CEO Tim Cook met two up-and-coming businesspeople. One was Meituan Dianping’s founder Wang Xing, with whom Cook shared a few pan-fried buns and soup ...

Retail purchase

E-commerce giant buys shops
Jul 31, 2020 (WiC 506)

At a time when many malls are short of traffic, shops are closing and retailers are going bankrupt, JD.com surprised the e-commerce sector last week by completing the purchase of white goods retailer Five Star Appliance for Rmb1.5 billion ($208 ...

Billions and billions

Jack Ma sells some of his Alibaba shares as Ant Group heads for an IPO
Jul 24, 2020 (WiC 505)

After spending the last few months selling down some of his stake in Alibaba, China’s e-commerce king is now set to be crowned as the new prince of fintech, as Ant Group nears an initial public offering in Shanghai and Hong Kong. Jack Ma has ...

Foxconn expands in India
Jul 24, 2020 (WiC 505)

Foxconn’s new staff in India may be eating less white rice and more chapatis but the story of their employment is essentially the same as in China: young women from poorer backgrounds find gainful but low-paid work assembling some of ...

Servers suspended

Inspur at risk of Huawei-style supply shock
Jul 17, 2020 (WiC 504)

The Sino-US tech war could soon be fought on a new front: over Intel’s all-conquering X86 architecture, which provides the building blocks for design of the computer processing unit (CPU) chips used in PCs and servers. The first shots in the ...

Tencent lampoons itself after a bogus ad deal
Jul 10, 2020 (WiC 503)

Tencent is a tremendous success story in social media, digital payment, online games and entertainment – to name just a few of its strengths. But even the best companies can make mistakes, as a recent scam in southwestern China has ...

Chinese chipmakers still struggling, despite stockmarket fanfare
Jul 3, 2020 (WiC 502)

A lot has changed since China’s chip manufacturing giant, SMIC (Semiconductor Manufacturing International Corp) completed its dual listing on the Hong Kong and New York stock exchanges in March 2004. For starters, the sophistication of the ...

Armed and dangerous

A nasty row at the China unit of Arm Holdings after boss refuses to leave
Jun 26, 2020 (WiC 501)

When he declared himself the first emperor of China in 221 BC, Qin Shi Huang knew that he needed to legitimise his claim so he ordered a jade seal carved with the words “Received the Mandate of Heaven” as an indicator of his ‘divine’ ...

Points and prizes

Tencent launches credit scoring scheme
Jun 26, 2020 (WiC 501)

Tycoons like to come out on top. That’s what makes them tycoons in the first place. But Tencent’s Pony Ma just had to settle for less-than-top-spot after failing to secure the highest rating on his company’s new credit scoring ...

Wanda calls it a day on its e-commerce ambition
Jun 19, 2020 (WiC 500)

In 2012, Wang Jianlin and Jack Ma appeared together on a TV show. Ma told the founder of China’s largest developer of commercial property that shops and malls were a thing of the past. Wang did not take this prediction well and he made the ...

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