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News on the Internet & Tech Industry in China

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TSMC founder trashes US plan to bring back chip production
May 6, 2022 (WiC 583)

If the company you created has achieved a global monopoly over one of the most critical elements of the world’s most advanced technology, you are probably going to be none too pleased if the world’s richest country decides that it wants to ...

Chinese solar firms continue to shine with surging profits
May 6, 2022 (WiC 583)

China’s media likes to label the giants in some of the country’s key industries in descriptive groups. First there were the ‘three barrels of oil’ (CNOOC, PetroChina and Sinopec). Then there was the BAT troika (Baidu, Alibaba and Tencent) ...

Bend, but don’t break

Screenmaker Royole is struggling for survival
Apr 29, 2022 (WiC 582)

Royole loved its time in the limelight in 2018 when it announced the launch of its production line for the mass manufacture of fully flexible screens, backed by its own intellectual property. Such was its determination to defend its pioneering ...

Financing a revolution

What does Vanchip’s IPO say about China’s broader chip strategy?
Apr 22, 2022 (WiC 581)

Rarely a week goes by without a mention in the media of China’s bid to become a major player in the world of semiconductors. Such headlines are normally accompanied by an explanation of the yawning gap the country still needs to bridge in order ...

Back in the game

Beijing gives out online game licences again
Apr 22, 2022 (WiC 581)

The gestation period for Chinese gaming licence approvals has at least one similarity with childbirth: Beijing just started granting new ones again after a nine-month freeze. This marks the second time in four years that it has held out for ...

Betting on Big Tech

After the market storm, is it a good time to invest in China’s internet majors?
Apr 1, 2022 (WiC 579)

Once upon a time, the acronym BAT signified sure-fire stock market bets, which bar the occasional blip was a winning, one-directional investment strategy. That story, however, seems to be firmly consigned to the realms of fairy tales, at ...

Dotcom crash 2.0

A rollercoaster ride for internet stocks this week
Mar 18, 2022 (WiC 577)

For investors looking for a better understanding how China’s political economy works, a good starting point is to review regulators’ efforts to maintain ‘stability’ in the country. As WiC has reported on several occasions, 2017 was a ...

Video firms under pressure to deliver profit
Mar 11, 2022 (WiC 576)

Video platform iQiyi unveiled last week that in 2021, its revenue had only gone up 2.8% from a year ago. Worse, average paying subscriptions dropped nearly 6% to 97 million by the end of 2021. Yet still, its shares on Nasdaq surged more ...

Supporting cast

Livestream firms search for new teams of talent
Mar 11, 2022 (WiC 576)

Two months after she was shunned by e-commerce platforms and given a record Rmb1.3 billion ($205.6 million) fine for tax evasion, one of China’s most famous livestreaming hosts Viya is back. Figuratively, if not literally. Mifeng Jingxi She ...

China to move computing power to western provinces
Mar 4, 2022 (WiC 575)

China’s economic planners have plotted ways of shifting resources from energy-rich areas to energy-consuming ones for years. Thus the massive investment in projects such as the 20,000-kilometre West-to-East Gas Pipeline that delivers natural ...

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