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News on the Internet & Tech Industry in China

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Delivering a hand

Meituan stock drops on latest regulatory news
Feb 25, 2022 (WiC 574)

Analysts are now debating what “common prosperity” means when it comes to investing in Chinese stocks. A decade ago, the equivalent buzzword was “income redistribution reform”. A key consequence of that policy, observers now generally ...

A very short reign

How a metaverse app briefly toppled WeChat
Feb 25, 2022 (WiC 574)

Some ideas in tech make it into our daily lexicon before they become an everyday reality. The hottest buzzword during the pandemic has to be the metaverse, which refers to a variety of virtual experiences, environments and assets. China’s ...

The case for the defence

STAR Market listing signals new era for China’s original “Mr Internet”
Feb 18, 2022 (WiC 573)

About 20 years ago Edward Tian was one of the most talked-about CEOs in China. In an economy dominated by state-owned enterprises run by dyed-in-the-wool Party cadres the US-educated ‘technopreneur’ won plaudits for helping to found China ...

New stock filing triggers sell-off of Alibaba shares
Feb 18, 2022 (WiC 573)

When Alibaba’s market capitalisation almost slid below $300 billion in late January, it represented a symbolically humiliating moment for China’s biggest e-commerce company. In the space of just over a year, its stock price had plummeted so ...

Withdrawing its chips

Micron’s China exit renews broader debate about semiconductor sector
Feb 11, 2022 (WiC 572)

For one way of getting a sense of how a nation views itself at a particular point in time, a look at its favourite TV programmes can be a very good bet. Back in 1961, the most-watched television show in the United States was Wagon Train, ...

Petal to the metal

Huawei hesitates over search engine launch
Jan 28, 2022 (WiC 571)

In 2019 US President Donald Trump placed Huawei on various American blacklists. The sanctions have stopped the Chinese telecom giant from using Google products such as the Android operating system, Gmail, Google Maps or Chrome. In response ...

Back in the fold

Samsung wants to reclaim China phone crown
Jan 21, 2022 (WiC 570)

If a story begins with the opening line “once upon a time”, most readers make a couple of early assumptions. One: that the events being depicted happened in the days of yore. And two: that the tale is going to be make-believe. In South ...

After 32 years Japanese icon shutters Zhuhai camera plant
Jan 21, 2022 (WiC 570)

Photography once seemed to be a dying art, especially among the generation born from the mid-1990s. Generation Zs have only known the digital world and the instant gratification of much of its technology. Smartphones shoot streams of ...

Metaversatile Jay

Mandopop icon blazes trail with popular NFTs
Jan 14, 2022 (WiC 569)

All kinds of celebrities are getting into the business of non-fungible tokens, or NFTs – tokens that take the form of digital assets like cartoons (or pieces of art, as admirers prefer to describe them). Professional footballers in England ...

Making more sense

SenseTime stock spikes higher after Hong Kong IPO, despite US sanctions
Jan 7, 2022 (WiC 568)

The 1956 novel Minority Report, which was turned into a blockbuster film of the same name by Steven Spielberg in 2002, underlined the Cold War anxieties of its author Philip Dick. It also questioned whether technological breakthroughs ...

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