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News on the Internet & Tech Industry in China

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Thinking the unthinkable

Are Alibaba and Tencent close to agreeing a strategic ‘truce’?
Jul 23, 2021 (WiC 550)

The longstanding rivalry between Alibaba and Tencent on China’s internet scene has sometimes been compared to the decades of Cold War tension between the Soviet Union and the United States. Both internet superpowers want to spread their ...

Antitrust ruling thwarts Tencent’s attempt to consolidate streaming firms
Jul 23, 2021 (WiC 550)

When antitrust laws were first introduced in the United States more than a century ago, they were aimed at taking on the oil industry. For many years antitrust watchdogs have taken a more lenient view on the rise of technology giants like Amazon, ...

Small but significant

Newport deal a litmus test for Britain’s new stance on Chinese tech M&A
Jul 16, 2021 (WiC 549)

If you ask British people what kind of wafers are produced in the UK, then they’ll almost certainly think about the biscuit variety – such as vanilla creams sandwiched between pink wafers. The teatime snack was originally produced by ...

Challenging times for Didi

How a regulatory probe derailed trading debut of ride-hailing giant’s IPO
Jul 9, 2021 (WiC 548)

In a collaboration with the state news agency Xinhua, the R&D team at the ride-hailing platform Didi published a review in 2015 of bookings made by people working for different departments of China’s central government in Beijing. The ...

Staying late at the office

Tencent’s game developer emerges as first to attack ‘996’ work culture
Jul 2, 2021 (WiC 547)

Wednesday is “Healthy Day” when no one has to work past 6pm. Staff won’t be asked to work on Saturdays and Sundays. And Wednesdays aside, you must leave the office before 9pm. The so-called “Happy Work, Healthy Life” regimen was ...

Semiconductor industry sees surging valuations
Jun 25, 2021 (WiC 546)

In 1933, one of the most lauded stock pickers of all time declared that “the four most costly words in the annals of investment” are “this time it’s different”. John Templeton, who went on to found the Templeton Growth Fund, concluded ...

Partners in profit

Apple is still reliant on Chinese suppliers
Jun 11, 2021 (WiC 544)

“Surely the apple is the noblest of fruits,” claimed the 19th century American essayist Henry David Thoreau. Can the same be said of its modern namesake, the world’s best known electronics brand, Apple Inc? Not according to tech news ...

Beat the system

Huawei launches its own OS to take on Android
Jun 4, 2021 (WiC 543)

How do you identify a Communist? In 1946 a Detroit union leader called Emil Mazey popularised the ‘duck test’. He denounced one of his colleagues on the grounds that “I can’t prove that you’re a Communist. But when I see a bird that ...

Buffett to profit as BYD lists its chip unit
May 21, 2021 (WiC 541)

When BYD listed on the Hong Kong Stock Exchange in 2002, its main focus was rechargeable batteries for mobile phones. Investor enthusiasm was limited and it was only when Warren Buffett bought into the company at the height of the global ...

Taiwanese tech firm faces a boycott across the Strait
May 21, 2021 (WiC 541)

In 1991, an organisation called the China External Trade Development Council (CETRA) hired a branding agency from Los Angeles to give Taiwan a new image. The island no longer wanted Western consumers to associate the tag “Made in Taiwan” ...

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