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Tag: TECH

2023-01-112023-01-12 Yuan Talks COMPANY NEWS, POLICY & REGULATION TECH

Alibaba signed cooperation agreement with Hangzhou government, senior city official visited fintech unit Ant Group

alibaba group

China’s e-commerce giant Alibaba Group has signed a cooperation agreement with the municipal government of Hangzhou, where the company is headquartered, signaling government support for the platform economy’s growth in a healthy, regulated way, local government-backed Zhejiang Daily reported on Tuesday.

2023-01-042023-01-04 Yuan Talks DATA TECH

Smartphone sales in mainland China slid 21.7% on year in Nov – research 

china smartphone sales

Smartphone sales in mainland China reached about 20.47 million units in November 2022, rising slightly by 2% from the previous month, but sliding 21.7% from a year earlier.

2022-12-222022-12-22 Yuan Talks COMPANY NEWS TECH

Tencent chairman Pony Ma vows further cost reduction, calls Video Account the hope of the company

tencent

Chinese tech giant Tencent will step up its efforts in cost reduction and efficiency enhancement, said chairman Pony Ma at an internal staff meeting last Thursday, according to mainland news outlet Jiemian News.

2022-12-222022-12-22 Yuan Talks MARKET, POLICY & REGULATION TECH

Chinese internet companies rally after authority reiterated policy support 

hang seng tech

The Hang Seng Tech Index jumped as much as 5% at one point before paring gains to 4.4% as of 11:04 am local time. Bilibili is jumping 11%, JD.com up 6.6%, Kuaishou, Meituan and Baidu up more than 6%, Alibaba gaining 5.2% and Tencent up over 4%. 

2022-12-202022-12-21 Yuan Talks COMPANY NEWS TECH

Tencent acquired 20% stake in South Korean video gaming studio – report

Tencent Holdings has acquired a 20% stake in a South Korean video gaming studio amid its overseas expansion, according to South Korean media Money Today Network.

2022-12-202022-12-21 Yuan Talks POLICY & REGULATION TECH

China released 20 measures to build data management system

cybersecurity china

China released 20 measures to build a data management system to take advantage of the country’s massive data and rich application scenarios and strengthen the digital economy.

2022-12-192022-12-20 Yuan Talks COMPANY NEWS TECH

Smartphone giant Xiaomi reportedly kicks off large-scale layoffs

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2022-12-082022-12-08 Yuan Talks COMPANY NEWS TECH

Apple supplier Foxconn’s Zhengzhou plant lifts closed-loop management on Thu

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2022-12-082022-12-09 Yuan Talks COMPANY NEWS, STOCKS, VIEWS & ANALYSIS TECH

Video platform Bilibili surges after animated series of “Three-Body Problem” announced premiere

bilibili

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2022-12-072022-12-08 Yuan Talks COMPANY NEWS, VIEWS & ANALYSIS TECH

S&P upgrades JD.com to A- from BBB+, with Stable outlook

jd.com

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2022-12-072022-12-07 Yuan Talks POLICY & REGULATION CHINA-US, TECH

US State of Maryland bans government platforms from using TikTok, WeChat – report

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2022-11-302022-12-02 Yuan Talks COMPANY NEWS TECH

China enlisted Alibaba, Tencent to aid its semiconductor efforts – report

semiconductor

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2022-11-292022-11-29 Yuan Talks COMPANY NEWS TECH

Apple supplier Foxconn’s Zhengzhou plant offers more incentives to entice back workers 

foxconn

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2022-11-292022-11-29 Yuan Talks COMPANY NEWS TECH

Baidu aims to build world’s largest fully driverless ride-hailing service area in 2023

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2022-11-292022-11-29 Yuan Talks COMPANY NEWS TECH

JD.com considers retreating from major markets in Southeast Asia – report

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2022-11-282022-11-29 Yuan Talks COMPANY NEWS TECH

Pinduoduo Q3 earnings beat expectations, warns soaring profits won’t continue

pinduoduo

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2022-11-232022-11-23 Yuan Talks COMPANY NEWS TECH

JD.com to cut senior managers’ salary by up to 20% to improve frontline employees’ benefits

jd.com

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2022-11-222022-11-23 Yuan Talks COMPANY NEWS TECH

Chinese video streaming platform iQiyi hails ‘Iconic Turnaround’, losses narrowed in third quarter

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2022-11-172022-11-17 Yuan Talks POLICY & REGULATION TECH

China should not miss opportunity to deeply explore value in computer game industry – People’s Daily

china online games

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2022-11-152022-11-15 Yuan Talks COMPANY NEWS TECH

Baidu to work with Kuaishou on digital human streamer project

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2022-11-152022-11-16 Yuan Talks COMPANY NEWS, STOCKS, VIEWS & ANALYSIS TECH

Alibaba’s depressed valuation to be unleashed amid positive policy signals, recovery in fundamentals – CITIC Securities

alibaba group

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2022-11-072022-11-07 Yuan Talks COMPANY NEWS COVID, TECH

Foxconn revises down Q4 outlook due to production disruptions in Zhengzhou plant

foxconn

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2022-11-042022-11-05 Yuan Talks COMPANY NEWS TECH

Foxconn conduct large-scale recruitment for iPhone production in peak season

foxconn

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2022-11-032022-11-06 Yuan Talks MACRO, POLICY & REGULATION CHINA-US, MACRO, SEMICONDUCTOR, TECH

US to exert more pressure on allies, to talk with Netherlands on restricting supply of advanced chip technology to China – report

China US

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2022-11-032022-11-06 Yuan Talks COMPANY NEWS, STOCKS, VIEWS & ANALYSIS TECH

Goldman Sachs cut target price on Meituan to HK$235 from HK$275, rating kept at Buy

Goldman Sachs pushed back its estimate of recovery timing of Meituan’s businesses by roughly one year, in view of the epidemic resurgence

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2022-11-032022-11-03 Yuan Talks COMPANY NEWS TECH, TENCENT

Tencent, China Unicom’s planned joint venture approved by regulators, mainly engages in CDN, edge computing

Tencent

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2022-11-022022-11-06 Yuan Talks POLICY & REGULATION, STOCKS TECH

China released first VR development plan, aims to ship 25 mln VR devices by 2026; VR stocks rally

china virtual reality

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2022-10-272022-11-06 Yuan Talks COMPANY NEWS, STOCKS CHINA-US, SEMICONDUCTOR, TECH

US chip designer Marvell to cut, downsize multiple departments in Shanghai and Chengdu  – report

marvell

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2022-10-272022-11-06 Yuan Talks COMPANY NEWS, DATA TECH

Huawei Q3 sales reached 144.2 bn yuan, fell 15.5% from previous quarter

huawei technologies

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2022-10-272022-11-06 Yuan Talks STOCKS SEMICONDUCTOR, TECH

Shares of Chinese semiconductor companies rally, top chipmaker SMIC surges over 7.5%

smic

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  • IC Chinese Vice Premier Liu He met IC companies, stressing mobilizing national resources for IC development
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  • china economy Morgan Stanley expects China’s seasonally adjusted real GDP to grow by about 7.5% in Q1 on quarter
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