The extent of the Chinese tech stocks’ underperformance when compared to the US is astounding. By Anchor Capital’s Seleho Tsatsi.
Omicron has breached the political, financial and technology centres of China for the first time, raising concerns about global supply chains.
Several companies that have been ordered to pay a total of C¥21.5-million in fines by China’s competition watchdog.
This was supposed to be Jack Ma’s finest hour. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China’s biggest star.
China’s biggest Internet companies, their shares beaten down by government regulation this year, have a new catalyst to lure buyers: semiconductors.
Tencent has unveiled its first chips, showcasing a year-long foray into silicon design as the Chinese tech giant seeks to grow beyond digital entertainment.
China will continue its scrutiny of the Internet sector, its industry minister said in an interview published on Sunday.
Tencent allowed users of its main WeChat social media service to link to rivals’ content, taking initial steps to comply with Beijing’s calls to end walled gardens.
Tencent Holdings is set to lose its place among the world’s 10 largest companies by market value, leaving no Chinese names in the list.
Tencent and NetEase shed more than $60-billion of value on Thursday as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world’s largest gaming industry.