Chinese Tech Giants

Asian shares rise by 0.4% as hopes for audit deal boost Chinese tech

Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer out an audit deal, while traders anxiously awaited a speech from Federal Reserve Chair Jerome

China orders govt agencies, state firms to dump foreign PCs within 2 years

It's likely to directly affect sales by HP Inc. and Dell Technologies Inc., the country's biggest PC brands after local champion Lenovo Group Ltd

China to further rein in domestic tech giants to revive Internet sector

Alarmed at the slowing tech and internet sector, China is now planning to further shift its policies to control domestic tech giants like Alibaba and Tencent, as the country battles Covid-19 lockdowns

Alibaba, Tencent preparing to cut tens of thousands of jobs this yr: Rpts

The job cuts at the two companies would be their first major layoffs since Chinese regulators launched an unprecedented campaign a year-and-a-half ago to rein in its internet giants

Tech giants Alibaba, Tencent likely to trim workforce by up to 30%

It is rumoured in the Chinese social media platform Weibo that tech giants Alibaba and Tencent employees are expecting around 30 per cent job cuts

China issues new anti-monopoly guidelines targeting tech giants

SAMR said the latest guidelines would "stop monopolistic behaviours in the platform economy and protect fair competition in the market."

India's mobile app ban threatens China's rise as a global tech power

It may present a model for other countries from Europe to Southeast Asia that seek to curtail the pervasiveness of apps like ByteDance's TikTok while safeguarding their citizens' valuable data.

The world's biggest tech companies are no longer just American

Even with their new pre-eminence, Tencent and Alibaba face some daunting challenges