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News on the Internet & Tech Industry in China

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Big payouts for top Tencent staff, but less welcome news at Baidu
May 1, 2020 (WiC 493)

Canning Fok, the managing director of CK Hutchison and a longtime colleague of Asia’s richest man Li Ka-shing, has been dubbed “the king of the working class” in the Hong Kong media. Why? Since 1999 he has never earned less than HK$100 ...

Growth generation

Why Sony has bought a stake in video site Bilibili
Apr 24, 2020 (WiC 492)

When Bilibili hosted its New Year’s Eve show, the video streaming platform chose not to hire superstar actors. Instead, it featured virtual idol Luo Tianyi playing a musical instrument (an ancient Chinese zither), dancers wearing costumes from ...

Dwelling on the positive

How the stay-at-home economy has been good for Tencent and e-commerce
Mar 27, 2020 (WiC 488)

Historically, stocks in companies selling some of life’s essentials hold up better in times of turbulence. During the market crash of 1929, food and beverage producers like Coca-Cola and Archer Daniels Midland were market winners. In the 2008 ...

Robotic cleaners go to work in Chinese hospitals
Mar 27, 2020 (WiC 488)

When Walter Griffiths invented the world’s first portable vacuum cleaner in 1905 it still required an “ordinary domestic servant” (as the advert suggested) to step on a foot pump that activated the bellows. Over a century later, one of ...

Separation anxiety

Depressed employee sabotages part of WeChat’s mini program service
Mar 20, 2020 (WiC 487)

How much is Covid-19 going to cost the world’s economy? As much as $2.7 trillion, according to analysts at Bloomberg Economics. That number factors in production halts, curbs to international travel, plunging retail sales and routs in stock ...

Say goodbye to Google

Huawei looks at ways of replacing the American giant
Mar 20, 2020 (WiC 487)

For hundreds of millions of people outside China, losing access to Google is unthinkable. As a writer in the New Yorker put it: “The mental image of life without Google lies somewhere between a power outage and that apocalypse movie with Will ...

Chips on the menu

Cambricon heads for IPO in bid to fund semiconductor push
Mar 20, 2020 (WiC 487)

Early this year Alibaba released Hanguang 800, a chip designed specifically to support applications in artificial intelligence and machine-learning. Although the e-commerce giant is relying on TSMC in Taiwan to fabricate the chips, there was ...

No slacking off

Productivity apps like Ding Ding get virus boost
Mar 13, 2020 (WiC 486)

Alibaba is accustomed to spectacular growth stories and it is enjoying another one with the stellar rise of its office software app Ding Ding this year. Accelerated by the coronavirus crisis, active daily users jumped sixfold over the first two ...

Blockchain concept stocks surge after Buffett lunch
Feb 21, 2020 (WiC 483)

On January 23 Justin Sun presented Warren Buffett with a number of gifts at Omaha’s Happy Hollow Club. Among them was a book authored by Sun himself, a bronze horse figurine (both Sun and Buffett were born in the Year of the Horse), and a ...

A collective effort

Alibaba wins admirers for its efforts to fight the virus outbreak
Feb 14, 2020 (WiC 482)

The devastating earthquake that struck Sichuan in 2008 changed attitudes towards corporate social responsibility (CSR) in China. The disaster claimed 70,000 lives and left more than five million people homeless. But at least $1.5 billion in ...

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