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…

Global chips shortage hurts China’s SAIC Motor, forcing the partner of Volkswagen and General Motors to slash output by 200,000 vehicles

Source: South China Morning PostThe global semiconductor shortage will cut Chinese carmaker SAIC Motor’s output by about…

Audio social network Clubhouse said to be discussing funding at about US$4 billion value

Source: South China Morning PostClubhouse, the buzzy audio-based social network, is in talks to raise funding…

India court orders TikTok maker ByteDance to deposit US$11 million in tax evasion case

Source: South China Morning PostAn Indian court on Tuesday said China’s ByteDance must deposit around US$11…

Li Ruigang, the powerful Chinese media mogul in control of TVB, plots IPO in Hong Kong, US markets for US$1o billion of assets

Source: South China Morning PostLi Ruigang, arguably China’s most powerful media mogul, is aiming to list…

Chinese podcast giant Lizhi brings Clubhouse-like interactive audio to Tesla rival Xpeng

Source: South China Morning PostLizhi, which runs China’s second-largest podcast app, is bringing Clubhouse-like interactive audio…

Chinese short video giant Kuaishou now lets users memorialise accounts when the owners die

Source: South China Morning PostKuaishou, China’s second-largest short video-sharing platform, has launched a new function that…

Apple CEO Tim Cook sets out autonomous cars as ‘ideal match’ for the tech giant

Source: South China Morning PostApple chief executive Tim Cook portrayed self-driving cars as an ideal match…

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