Uber Technologies has announced a huge expansion of its operating base in South Africa, launching in 21 of the country’s smaller cities and towns, and reaching 80% of the urban population.

Since early in the pandemic, soaring demand for consumer electronics led to persistent chip shortages. Some recent signs suggest the situation may finally be starting to change.

Eskom plans to reduce its output of coal-fired power by between 8GW and 10GW through plant closures over the next decade, a cut that amounts to up to 30% of its current capacity.

Chinese gaming and social media giant Tencent Holdings posted a 29% rise in second quarter profit, a slower pace of growth after the coronavirus pandemic led to a boom in online gaming last year.

Huawei Technologies’ chairman has said that although US sanctions have choked its smartphone business, it will not give up and plans to eventually return to the industry’s “throne”.

President Xi Jinping put China’s wealthiest citizens on notice on Tuesday, offering an outline for “common prosperity” that includes income regulation and redistribution, according to state media reports.

Billionaire Richard Li’s streaming business is on a roll, mulling a potential initial public offering after its platform Viu beat Netflix in subscribers in one of Asia’s most competitive markets.

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