Internet and gaming giant NetEase delayed the rollout of its video game Diablo Immortal in China three days ahead of its official launch, a move that comes just after the game’s official account on Weibo was banned from making new posts. China-based NetEase, which was set to release the game on Thursday, did not provide […]
China
Total sales by China’s e-commerce giant JD.com rose 10.3 percent over the 18 days to Sunday during the first major shopping festival since a recent COVID-19 outbreak, the firm said, sharply down from the 2021 event’s growth of 27.7 percent. This year’s figure was the slowest for the retailer, showing how consumer appetite in the […]
According to a report from Protocol, ByteDance, the parent company behind TikTok, is taking serious steps to enter the virtual reality (VR) market. The corporation intends to invest heavily in this endeavor, according to a source familiar with the subject, to create VR-related content. It appears like ByteDance is spending a significant amount on employment. […]
China’s Ant Group, a financial technology (fintech) giant controlled by billionaire Jack Ma, on Monday said it has launched a digital wholesale bank incorporated in Singapore, dubbed ANEXT Bank. ANEXT received approval from the Monetary Authority of Singapore (MAS) to commence business on June 2, Ant and wholly owned ANEXT said in a joint statement. […]
Airbnb Inc said on Friday it will facilitate the shift of housing and host data to several Chinese domestic rental platforms before it shuts down operations in mainland China from the end of July. Hosts will be able to migrate information about their listings and reviews with one click, it said. Airbnb has struck agreements […]
China’s Tencent Holdings has told staff it will no longer guarantee them a pay raise upon promotion, according to an internal letter seen by Reuters, as it reviews its salary policy amid a wider cost-cutting drive. The Chinese social media and gaming giant told its employees of the policy change on Tuesday, saying the decision […]
Taiwan authorities raided ten Chinese companies suspected of illegally poaching chip engineers and other tech talent this week, the island’s Investigation Bureau said on Thursday, the latest crackdown on Chinese firms to protect its chip supremacy. Home to chipmaker giant TSMC and accounting for the majority of the world’s most advanced semiconductor manufacturing capacity, Taiwan […]
A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings. Unlike tech sector woes elsewhere, triggered mainly by rising interest rates, the misery in China comes from frothy tech markets and disruptions […]
Vacation rental company Airbnb Inc will shut down all listings and experiences in mainland China from July 30, it said on Tuesday, joining a long list of Western internet platforms that have opted out of the Chinese market. The company made the announcement on its official WeChat account without elaborating on the reasons behind the […]
Nowadays, and as the world welcomes the newly risen digital era when we think about the future of transportation, it won’t include gasoline-powered vehicles but electric ones. Furthermore, when we think about electric cars, the first company that crosses our mind is the only company bestowed the title EV giant, Tesla. But the thing being […]