Adani joins Tata and Ambani in race for elusive India superapp
Given the limited traction gained by Ambani’s MyJio and Tata’s Neu despite their wider range of consumer businesses, the Adani Group — whose businesses are largely infrastructure and heavy industrial ones — may have set itself a daunting task.
China's crackdown on 'wealth-flaunting' social media puts pressure on influencers to echo the party line
Chinese regulators crack down on social media influencers flaunting wealth, contrasting with US mental health concerns. The campaign targets extravagant displays, reflecting wider fears of subversive views. Public support for authoritarian measures shapes the crackdown, including pressure on Taiwanese influencers. The effort aligns with China's goal of managing its vast online population under President Xi Jinping's watchful eye.
Don't open window shades of planes to take photos, warns China's spy agency
China's top spy agency warns air passengers not to open window shades at dual civil-military use airports to take photos, citing national security concerns. The Ministry of State Security issued the warning on its official WeChat account after a foreigner was caught snapping pictures at an airport in Yiwu.
China tech giant Alibaba posts modest yearly revenue growth
Chinese ecommerce giant Alibaba announced Tuesday a modest increase in annual revenue, at a time when the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed. Fellow internet giant Tencent posted weakened revenue growth in the first three months of this year, also on Tuesday.
TikTok, ByteDance sue to block US law seeking sale or ban of app
TikTok and ByteDance file lawsuit to block law forcing divestiture or ban, citing First Amendment violations. Concerns over Jan. 19 deadline and national security issues. Ongoing conflict between U.S. and China over tech.
ByteDance prefers TikTok shutdown in US if legal options fail: report
ByteDance considers shutting down TikTok over U.S. ban legislation, unlikely to sell due to crucial algorithms. China opposes forced sale. Mnuchin shows interest. ByteDance's secret: the TikTok algorithm.
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TikTok CEO expects to defeat US restrictions: 'We aren't going anywhere'
TikTok CEO Chew optimistic in legal fight against Biden's TikTok ban. ByteDance has 270 days to sell U.S. assets. Concerns over Chinese ownership. U.S. lawmakers pass bill. Tech war between Washington and Beijing escalates.
Explainer: What happens now that US TikTok bill has been passed?
ByteDance has 9 months to divest TikTok after Biden signs the bill. Potential injunctions could affect the sale process. Previous attempts by Trump and Biden regarding TikTok and WeChat bans are referenced in the article.
US Senate passes TikTok divestment-or-ban bill, Joe Biden set to make it law
U.S. Senate approves bill for ByteDance to divest TikTok within 9 months, addressing national security concerns. President Biden will sign the legislation, impacting the future of Chinese-owned apps in the U.S.
China's Tencent posts weak revenue growth, plans to double buybacks
Tencent Holdings' Q4 revenue rose by 7%, below analysts' expectations due to China's economic slowdown. The company plans to double its share repurchases this year, reflecting a year of recovery following the revenue decline in 2022.
Xpeng to launch cheaper EV brand amid fierce China price competition
Models of the brand, to be launched within the next month, will be priced between 100,000 yuan and 150,000 yuan ($14,000-$21,000), Xpeng Chairman and CEO He Xiaopeng told an industry event in Beijing on Saturday, the company posted on its official WeChat account.
China central bank approves Tencent's Tenpay capital boost to $2.1 billion
The approval will make Tenpay the non-bank payment institution with the highest registered capital in China, Chinese state-backed media outlet The Paper said.
US House to vote on TikTok crackdown; fate uncertain in Senate
The vote comes just over a week since the bill was proposed and after one public hearing with little debate. The House Energy and Commerce Committee last week voted 50-0 in favor of the bill, setting it up for a vote before the full House.
Donald Trump calls TikTok a threat but says some kids could 'go crazy' without it
Trump reiterated his concerns as lawmakers weigh a bill this week that would give TikTok's Chinese owner ByteDance about six months to divest the short video app used by 170 million Americans.
India has shown how to deal with China-linked firms: US FCC commissioner Brendan Carr
India and US should prevent China and its allies from forming a ‘splinter net’, US Federal Communications Commission (FCC) commissioner Brendan Carr told ET.
China: Millions blacklisted for debt as loan defaults hit record high
VOA quoting a report from the Financial Times said that defaults by Chinese borrowers have surged to a record high since the pandemic, with authorities blacklisting 8.54 million people from economic activities ranging from using toll roads to purchasing airline tickets and using payment applications.
China warns of geographic info data breaches, affecting transport, military
China has raised concerns about the potential compromise of confidential and sensitive data, particularly in military sectors, due to foreign geographic information software. The Ministry of State Security conducted an extensive investigation and warned that overseas geographic information system software is being used to collect data, some involving state secrets, posing a serious threat to national security.
US Navy chief aims to deter China with Indo-Pacific allies
The US prioritizes the Indo-Pacific, aiming to strengthen alliances against China's maritime expansion. Admiral Lisa Franchetti emphasizes joint efforts with allies, asserting deterrence while addressing ongoing tensions. Amid attempts to stabilize US-China relations, disagreements persist, prompting the US to resume South China Sea patrols with the Philippines. Franchetti emphasizes safe operations within international law, countering recent Chinese actions. Both nations remain vigilant in safeguarding their interests in the region.
Tencent posts strong revenue growth as games sales recover
Sales for the world's largest video game company and operator of the WeChat messaging platform came in at 154.6 billion yuan ($21.4 billion) for the three months to end September, its third straight quarter of revenue growth.
WeWork China will not participate in WeWork's strategic reorganisation
"Any operating conditions of WeWork in other regions around the world will not have any impact on WeWork China," it added.
China removes anonymity of bloggers' accounts with more than 500,000 followers
Messaging and payment app WeChat, microblogging platform Weibo, Douyin, China's version of Tik Tok, search engine giant Baidu, social ecommerce app Xiaohongshu, video sharing website Bilibili, among others, published separate statements regarding the same.
Canada bans WeChat, Kaspersky applications on government devices
The Canadian government said the decision was taken to ensure that government networks and data remain secure and protected and are in line with the approach of its international partners
China's Tencent posts smaller than expected revenue growth
The world's largest video game company and operator of the WeChat messaging platform said revenue reached 149.20 billion yuan ($20.45 billion) for the three months ended June 30.
China mandates all apps to share business details in new oversight push
The Ministry of Industry and Information Technology (MIIT) said late on Tuesday that apps without proper filings will be punished after the grace period that will end in March next year
Australian lawmakers recommend potential WeChat ban on government devices
Tuesday's report contains 17 recommendations including new transparency rules enforceable by fines, expanding an existing TikTok ban on government devices to contractors.
Apple expands retail presence in China, opens store on WeChat platform
The move by Apple comes as Chinese consumers increasingly turn to social media platforms such as WeChat and ByteDance's Douyin, the Chinese version of TikTok, to shop.
Chinese payment giants Tencent and Ant revive effort to accept foreign credit cards
Tencent, operator of the popular chat app WeChat and payment network WeChat Pay, said on Wednesday that WeChat users overseas can link credit cards issued by Visa Inc to their WeChat app from next month. Foreign tourists can then pay with WeChat when traveling in mainland China.
China deletes 1.4 million social media posts in crackdown on 'self-media' accounts
The Cyberspace Administration of China (CAC) said it had closed 67,000 social media accounts and deleted hundreds of thousands of posts between March 10 and May 22 as part of a broader "rectification" campaign.
Tencent launches palm-based payments in China: Report
According to reports, users can pay for rides on the Daxing Airport Express Line in the capital by holding their hands over a scanner at metro station turnstiles.
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