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News on the Internet & Tech Industry in China

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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 ...

A change of scene

NetEase successfully lists in Hong Kong
Jun 12, 2020 (WiC 499)

Ding Lei, founder of Guangzhou-based internet company NetEase, has seen some extraordinary changes at his company. For a start, it has become a $58 billion behemoth whose services have expanded from email into online entertainment and e-commerce. ...

Meituan takes over from Baidu in China’s internet triumvirate
Jun 5, 2020 (WiC 498)

Wang Xing, the co-founder and chief executive of Meituan Dianping, was dubbed the “mad man” of China’s internet sector at the outset of his entrepreneurial career. That was owing to a series of bold attempts (and failures) to create local ...

The rush for digital gold

Why Tencent is spending Rmb500 billion on a ‘new infrastructure’ push
Jun 5, 2020 (WiC 498)

In its early days Tencent’s reputation was more that of a fast-follower than a pioneer. While Alibaba was introducing e-commerce and taking its first steps towards fintech with the payment tool Alipay, Tencent adopted a more cautious approach, ...

Two tech investments counter decoupling story
May 29, 2020 (WiC 497)

At the beginning of the 1980s, a group of British teenagers was asked whether they expected a third world war. Half said they were anticipating nuclear armageddon. A few years later American nuclear missiles were shipped to an airforce base in ...

Licence to kill

A last stand for Huawei amid an escalating Sino-US tech war?
May 22, 2020 (WiC 496)

After a drawn-out trade war, the rise of a tech firm from the world’s second largest economy posed a new threat to American leadership in core technologies. The challenger had emerged as a pacesetter in the consumer electronics market and it ...

SF Express takes on Meituan and Ele.me
May 22, 2020 (WiC 496)

The delivery business isn’t always very dependable. In New York, 90,000 packages are stolen or disappear without explanation every day, the New York Times reported last year. In China, city residents are finding ways to reduce the failure ...

SMIC to go public in Shanghai as China ups stakes in semiconductor war
May 15, 2020 (WiC 495)

For many years, a rule insisted that companies needed to show three consecutive years of profit before they were allowed to apply for a listing on Hong Kong’s main bourse. That rule was amended in 2004 to make way for “large corporations ...

Get with the programme

More of China’s business bosses jump on the livestreaming bandwagon
May 8, 2020 (WiC 494)

Liang Jianzhang is not a typical influencer. At 13, he programmed a computer to compose a five-character quatrain, a form of classical Chinese poetry. At 15, he earned early admission to the prestigious Fudan University in Shanghai. At 34, he ...

Tencent takes back control as it ousts China Literature team
May 8, 2020 (WiC 494)

Big is often beautiful in the corporate world and all the more so in moments of crisis. That’s feeding into expectations for Tencent’s latest earnings, which are due next week. The forecast is that the social media giant has fared better ...

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