Share buybacks are emerging as the hottest trend among Chinese tech giants and industry leader Tencent Holdings may be the next to jump on the bandwagon.
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Several companies that have been ordered to pay a total of C¥21.5-million in fines by China’s competition watchdog.
China’s biggest Internet companies, their shares beaten down by government regulation this year, have a new catalyst to lure buyers: semiconductors.
Apple has said it will apply App Store rules to all apps globally after reports that Chinese app developers are preparing workarounds for the company’s upcoming limits on ad tracking.
China over the past decade built an alternate online reality where Google and Facebook barely exist. Now its own largest tech corporations are getting a taste of what a shutout feels like.
The US senate overwhelmingly approved legislation on Wednesday that could lead to Chinese companies such as Alibaba Group and Baidu being barred from listing on US stock exchanges.
Alibaba Group will invest $28-billion on cloud infrastructure such as data centres over the next three years, a major effort to extend one of its fastest growing businesses to more countries.
Samsung is investing heavily in the next step in miniaturising semiconductors, a process called extreme ultraviolet lithography. It’s by far the priciest manufacturing upgrade Samsung has ever attempted.
China’s ByteDance has launched a search engine that bears a striking resemblance to Google’s clean, uncluttered homepage but produces heavily sanitised results.
China is stepping up its efforts to rein in the country’s Internet, singling out Tencent’s popular news app for spreading vulgar information while shutting down more than 700 websites and thousands of apps.