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News on the Internet & Tech Industry in China

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Shenzhen joins listings race

ChiNext loosens IPO rules as rivalry hots up with Shanghai’s STAR Market
Sep 4, 2020 (WiC 509)

Deng Xiaoping’s Southern Tour in 1992 is widely seen as the catalyst for reinvigorating China’s ‘reform and opening up’ policies, after they had been stymied by conservative forces. The visit by the paramount leader (though officially ...

Bad blood brothers

With TikTok in trouble, Tencent plots merger to thwart Bytedance
Aug 21, 2020 (WiC 507)

Tencent has never hidden its ambitions to become one of the world’s biggest entertainment platforms. It has a strong claim to having already achieved much of that goal, given the sheer number of its active users, many of whom spend many hours a ...

Milestone as Xiaomi enters the Hang Seng Index
Aug 21, 2020 (WiC 507)

One of the best-known stories in the classic Chinese novel The Romance of the Three Kingdoms tells of how the warlord Liu Bei persuaded the famous strategist Zhuge Liang to help him draw up a plan to unify the country. Liu Bei is said to ...

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 ...

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