Internet & Tech « Week In China - Part 2

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Internet & Tech

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Xiaomi’s IPO proved disastrous for investors but tycoon remains defiant
Jan 25, 2019 (WiC 438)

Xiaomi CEO and founder Lei Jun was in a combative mood when he launched the company’s new flagship phone, the Redmi Note 7 on January 10. The Chinese tech firm is currently confronting all manner of issues, including a stock price collapse ...

What makes Bytedance’s Douyin so invincible in the short-video market?
Jan 18, 2019 (WiC 437)

“Men of sense often learn from their enemies. It is from their foes, not their friends, that cities learn the lesson of building high walls and ships of war.” The aphorism from Aristophanes’ comedy The Birds throws some light on why Tencent ...

TCL sells consumer electronics arm as it pushes into semiconductors
Jan 11, 2019 (WiC 436)

TCL Corp started out in the early 1980s as a small state-owned factory. Back then it was known as TTK Corp and it focused on making knock-off TDK cassettes from Japan. By 2015 – when the group completed a management buyout – it had grown into ...

Why Xiaomi’s founder may win a long-running wager with Gree’s boss
Nov 30, 2018 (WiC 434)

The use of facial recognition technology is one of many ways that artificial intelligence (AI) is being deployed in China. But a malfunctioning system in the coastal city of Ningbo has demonstrated how the world of high-tech surveillance still ...

Does air-con tycoon regret Yinlong purchase?
Nov 23, 2018 (WiC 433)

When Xi Jinping embarked on his high-profile ‘Southern Tour’ in October, his first stop was a factory run by Gree Electric Appliances, China’s leading air conditioning manufacturer. Xi took the chance to hammer home his message that ...

Apple refuses to break out key data as production in China is scaled back
Nov 16, 2018 (WiC 432)

Apple founder Steve Jobs was never that impressed by his stock investors or their needs – preferring, for instance, to hoard cash rather than give it back to shareholders as dividends. His successor Tim Cook made far more of an effort to court ...

Supplier ban on Jinhua complicates life for chipmakers from Taiwan
Nov 9, 2018 (WiC 431)

The US State Department moved a step closer to selling $330 million worth of new military equipment, mainly aircraft, to Taiwan last month when the planned sale was given congressional approval. This would mark the second major arms sale to ...

Tencent delays music IPO; Baidu eyes comeback
Oct 26, 2018 (WiC 429)

When China’s answer to Justin Bieber launched his debut album in 2015, he was doing a lot more than forging a solo career. Perhaps more significantly for the music industry, Lu Han only released his album, Reloaded I, digitally and ...

Is troubled giant Ofo about to be taken over by smaller rival Hello?
Oct 26, 2018 (WiC 429)

A survey by Innosight, a US consultancy, found that the average lifespan of companies on the S&P 500 Index in 1964 was around 33 years. Their tenure is set to drop to 12 years by 2027 due to technological disruption and more dealmaking. ...

Tencent implements a major business reshuffle
Oct 5, 2018 (WiC 427)

Sunday is supposed to be a day of rest. Not last weekend for Tencent, when it announced its first major restructuring for six years. Maybe the idea was to show a sense of urgency. Part of the plan is a regrouping of some of its existing ...

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