China Newsbase
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The China News Database was last updated at 08:27AM on December 31, 2023.
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91 articles matching the search query.
Tencent’s game studio tries to combat employee burnout by banning long working hours — but will others follow suit?
In a fresh attempt to address employee burnout and change China’s overwork culture, a video game developer owned by Chinese internet giant Tencent has introduced a set of policies designed to prevent employees from working excessive hours and encourage them to use vacation time.
Tencent exec’s Youth Day message for China’s youth: You are sleeping too much
Chinese social media users lash out against the country’s overwork culture.
China’s antitrust probe: Tencent and Meituan are next
China’s crackdown on Big Tech is real and ongoing, but it’s not going to kill the geese that lay the golden eggs. Here are the latest developments.
All the electric car companies in China — a guide to the 46 top players in the Chinese EV industry
Electric vehicles, smart systems to drive them, and advanced batteries to power them are attracting enormous sums of capital and China’s best engineering talent. These are the companies that are fighting for one of the most lucrative markets in the world. Many of them will be global EV players.
Alibaba fined $2.8 billion in landmark antitrust case
In a major escalation of its crackdown on Big Tech, the Chinese government went after ecommerce giant Alibaba for abusing its market position. Many Chinese people cheered.
China is the world’s next video game streaming hub
Computer gaming is moving to the cloud. Tencent and other Chinese companies look set to dominate the next generation of networked games.
Whiplash on Wall Street after Chinese telecom delistings, Alibaba and Tencent investment ban threat
After the New York Stock Exchange twice reversed course on whether to delist major Chinese telecom companies, the Trump administration added further regulatory uncertainty by floating an investment ban on Alibaba and Tencent.
Consumers love cheap groceries, but can community group buying withstand government scrutiny?
Community group buying is taking China’s residential compounds by storm as even non-tech-savvy grannies see the price benefits and tech companies pour millions into the sector. But not everyone is happy with the booming new industry.
After Ant IPO suspension, Beijing eyes antitrust regulation for tech sector
A week after the surprise suspension of the Ant Group’s gargantuan IPO, Chinese regulators are taking the country’s entire tech sector to task. Newly drafted antitrust regulations would bring scrutiny to Alibaba, Tencent, Meituan, JD.com, and others.
Tencent makes major investment in Swedish horror game startup
The Shenzhen-based tech giant continues to snap up game developers around the globe with a major investment in a startup Swedish gaming company.
Ruipeng Pet Healthcare gets hundreds of millions from Tencent and others
A veterinary clinic and pet care chain just got a boatload of money for expansion and stands a chance of becoming a dominant player in China’s booming pet care industry.
TikTok and WeChat both in limbo in U.S. after Trump ‘blessing’ and court ruling
A day before TikTok and WeChat were due to be taken off app stores in the U.S., both apps were saved from the ban — TikTok by Trump’s “blessing” of a restructuring deal, and WeChat by a free speech lawsuit. The future of both apps is hard to predict.
Trump’s WeChat and TikTok ban starts Sunday
The Trump administration is poised to implement a Chinese Great Firewall–style block on WeChat starting on September 20, with downloads of the app barred and network interruptions ordered. Downloads of TikTok will also be blocked, but the company has until November 12 to strike a deal with Oracle before also suffering technical freezes.
Tencent and Jack Ma fund invest in loss-making Evergrande electric car venture
A subsidiary of China Evergrande, a real estate conglomerate, is charging ahead with new big name investors and new electric cars despite multiple failures over the past two years.
WeChat user jumps to death after protesting Tencent’s ‘arbitrary’ suspension
Tech giant Tencent, owner of China’s must-have messaging-and-everything app WeChat, has confirmed today that the death of a WeChat user on August 15 was suicide. He had jumped off the roof of an 11-story office building rented to the company in Shenzhen.
Will Jack Ma’s Ant Group have the biggest IPO ever?
Ant Group, the Alibaba-affiliated financial technology giant, filed yesterday for a massive IPO on both the Hong Kong and Shanghai STAR stock markets. It is estimated to be worth more than $200 billion, meaning its listing could be one of the biggest in history.
Tencent profits up 37% — can it last?
The internet giant behind WeChat — the app you need to complete almost every commercial and legal transaction in China — had an enormous windfall from COVID-19 lockdowns that supercharged internet use. But can the good times last as the U.S. government goes on the attack?
After TikTok, Trump moves to attack WeChat. What’s next?
President Trump signed two executive orders, one reiterating that he wants TikTok banned (unless Microsoft buys it), and another launching a new attack against WeChat. Depending on how the WeChat order is implemented, it could have massive implications for the parent company, Tencent, and the future of the internet.
The biggest ecommerce companies in China — a brief guide
China’s ecommerce market is complex, massive, and highly competitive. Its companies and their business models are completely different from those in other markets, and none of the big American and European players have any real presence. This is a guide to the major Chinese players and their offerings.
China’s own Big Tech antitrust probe
Within days of U.S. Congress questioning American Big Tech companies in an antitrust probe, it looks like China may investigate its own tech giants for anticompetitive practices.
