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News on the Internet & Tech Industry in China

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Betting on Big Tech

After the market storm, is it a good time to invest in China’s internet majors?
Apr 1, 2022 (WiC 579)

Once upon a time, the acronym BAT signified sure-fire stock market bets, which bar the occasional blip was a winning, one-directional investment strategy. That story, however, seems to be firmly consigned to the realms of fairy tales, at ...

Dotcom crash 2.0

A rollercoaster ride for internet stocks this week
Mar 18, 2022 (WiC 577)

For investors looking for a better understanding how China’s political economy works, a good starting point is to review regulators’ efforts to maintain ‘stability’ in the country. As WiC has reported on several occasions, 2017 was a ...

Video firms under pressure to deliver profit
Mar 11, 2022 (WiC 576)

Video platform iQiyi unveiled last week that in 2021, its revenue had only gone up 2.8% from a year ago. Worse, average paying subscriptions dropped nearly 6% to 97 million by the end of 2021. Yet still, its shares on Nasdaq surged more ...

Supporting cast

Livestream firms search for new teams of talent
Mar 11, 2022 (WiC 576)

Two months after she was shunned by e-commerce platforms and given a record Rmb1.3 billion ($205.6 million) fine for tax evasion, one of China’s most famous livestreaming hosts Viya is back. Figuratively, if not literally. Mifeng Jingxi She ...

China to move computing power to western provinces
Mar 4, 2022 (WiC 575)

China’s economic planners have plotted ways of shifting resources from energy-rich areas to energy-consuming ones for years. Thus the massive investment in projects such as the 20,000-kilometre West-to-East Gas Pipeline that delivers natural ...

Retail therapy required?

Poor quarterly results lead analysts to reassess Alibaba’s prospects
Mar 4, 2022 (WiC 575)

Founded in 2004, Facebook has already shown strains of a ‘middle-age crisis’. Feeling the pressure of slowing growth in its ‘traditional’ social media business and ‘aging’ user profiles, the American firm has launched a revamp, ...

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 ...

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