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.
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.
Computer gaming is moving to the cloud. Tencent and other Chinese companies look set to dominate the next generation of networked games.
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.
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.
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.
The Shenzhen-based tech giant continues to snap up game developers around the globe with a major investment in a startup Swedish gaming company.
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.
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.