Tencent fundamentals still solid despite record US$15bn share sale by investor, analysts say

Source: South China Morning PostThe announcement of a US$15 billion stock sale by Tencent Holdings’ largest…

China’s e-commerce shake-up: Tiktok sister app Douyin woos merchants in direct assault on Alibaba, Pinduoduo

Source: South China Morning PostBeijing-based ByteDance, the world’s most valuable start-up at US$400 billion, is wooing…

Peter Thiel calls bitcoin a Chinese financial weapon and suggests a US ban on TikTok

Source: South China Morning PostBillionaire tech investor Peter Thiel warned about bitcoin’s potential in undermining the…

Twitter said to have held discussions for US$4 billion takeover of audio-based social network Clubhouse

Source: South China Morning PostTwitter held talks in recent months to acquire Clubhouse, the buzzy audio-based…

Tencent-backed MissFresh is said to weigh US$500 million US IPO

Source: South China Morning PostBeijing MissFresh Ecommerce Co, an online grocery delivery start-up, is considering a…

Huawei revs up drive for 5G-equipped smart electric cars with launch of Arcfox luxury sedan

Source: South China Morning PostHuawei Technologies Co and Chinese carmaker Arcfox have launched the first electric…

Semiconductor giant SMIC rewards senior Taiwanese executive with hefty compensation as China builds up chip sector’s hi-tech talent pool

Source: South China Morning PostSemiconductor Manufacturing International Corp (SMIC) more than quadrupled the salary of a…

Tencent’s biggest shareholder Prosus plans to sell 2 per cent stake valued at US$15.5 billion as it cashes in on lucrative bet

Source: South China Morning PostProsus, Tencent Holdings’ biggest shareholder, said on Wednesday that it plans to…

Xiaomi founder Lei Jun says his company’s first electric car will be an SUV or a sedan, priced between US$15,000 to US$45,000

Source: South China Morning PostXiaomi’s first vehicle will be either a sedan or an SUV costing…

Google AI scientist Bengio resigns after company fired colleagues known for work on algorithmic bias and ethics

Source: South China Morning PostGoogle research manager Samy Bengio said on Tuesday he was resigning, according…

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