Tencent earmarks US$7.7 billion for ‘common prosperity’ to answer Xi Jinping’s call for equality

Source: Tech – South China Morning PostShenzhen-based tech giant Tencent Holdings said on Wednesday that it…

The lone bear on Alibaba and Tencent says Chinese tech stocks’ rout to persist until China can enunciate end of crackdown

Source: Tech – South China Morning PostThe trillion-dollar rout afflicting Chinese tech stocks may not end…

World’s fourth-largest chip maker GlobalFoundries files for IPO that could value company at US$25 billion

Source: Tech – South China Morning PostGlobalFoundries has filed confidentially with U.S regulators for an initial…

Alibaba’s algorithm-powered machine outperforms humans in understanding visuals for the first time

Source: Tech – South China Morning PostA machine has outperformed humans in understanding images to answer…

Why Didi’s regulatory pain does not mean immediate gains for its smaller rivals in China’s ride-hailing market

Source: Tech – South China Morning PostOne and a half months after Didi Chuxing was banned…

Huawei vows to revive smartphone business, chip development despite struggles with US sanctions

Source: Tech – South China Morning PostTelecommunications giant Huawei Technologies Co plans to revive the fortunes…

Baidu boss Robin Li unveils ‘robocar’, his vision for the future of autonomous driving

Source: Tech – South China Morning PostBaidu chief executive Robin Li has revealed his vision for…

Tencent posts 29 per cent profit growth despite regulatory uncertainty over gaming, antitrust

Source: Tech – South China Morning PostChinese social media and gaming giant Tencent Holdings posted a…

China’s tech hub says emphatic ‘no’ to cryptocurrency as Shenzhen’s central bank branch shows zero tolerance

Source: Tech – South China Morning PostThe Shenzhen branch of the People’s Bank of China (PBOC),…

TikTok ban: Senator Marco Rubio calls for block in US after Chinese government buys stake

Source: Tech – South China Morning PostRepublican Senator Marco Rubio urged President Joe Biden on Tuesday…

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