China Tech Crackdown
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Nvidia CEO Praises India's AI "Talent" Amid Crackdown On China Market
During a five-day tour of India earlier this month, Nvidia Corp. Chief Executive Officer Jensen Huang visited four cities, dined with tech executives and researchers, took numerous selfies, and sat for a one-on-one conversation with PM Modi.
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Chinese Premier Urges Tech Giants To Support Economy As Crackdown Ends
China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy.
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Alibaba to Monetise Non-Core Assets, Decide on Control of New Business Units After Breakup
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.
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Tencent to Maintain Cost-Cutting Measures Amid First Drop in Annual Revenue
Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world's largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion (nearly Rs. 6,65,600 crore) ...
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China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
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Tencent Fires Over 100 Employees Found Guilty of Bribery, Embezzlement
Tencent on Monday revealed that it had fired over 100 employees found guilty of bribery and embezzlement, an announcement that comes as the company struggles under a broad regulatory crackdown on China's tech sector initiated in late 2020. More than a hundred employees were guilty of violating Tencent's anti-fraud policy and one employee was found ...
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Can Mark Zuckerberg and his crypto-infused Metaverse challenge China’s crackdown?
China has been increasingly cracking down on its tech elite since last year. But with metaverse becoming a new technological horizon, is the country prepared to regulate it? Or, will metaverse be the panacea to China's tech companies?
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China Busts First Hidden Crypto Mining Centre in Guangdong as Energy, Environmental Concerns Intensify
A crypto mining centre has been busted in China’s Guangdong Province. The facility had consumed over 90,000 kilowatts of electricity after having been operational for over 1,000 hours. China aims to crack crypto activities amid energy crisis and carbon emission woes.
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Gay Dating App Grindr Out Of App Stores In China's "Auspicious" Web Drive
Gay dating app Grindr has disappeared from multiple app stores in China as authorities tighten control of the country's already heavily policed internet and purge online behaviour the ruling Communist Party dislikes.
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China Demands Tencent Submit New Apps, Updates to Inspection Before Being Uploaded: Report
China has required Tencent to submit any new apps or updates for inspections before they can be uploaded after a number of its apps were found to have committed violations, Chinese financial media outlet Yicai reported.
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Pakistan Startup Draws Record Money, Helped By China's Tech Crackdown
The startup scene in the world's fifth-largest nation is having a breakout year. More money has flowed into Pakistan's nascent technology sector during 2021 than in the previous six years combined.
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SoftBank Doubles Down With Buy Back After $10 Billion Vision Fund Hit
Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.
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Fortnite Pulled by Epic Games From China Over Sweeping Crackdown on Tech Sector
Epic Games said it will shut down Fortnite in China, months after authorities imposed a series of strict curbs on the world's biggest gaming market as part of a sweeping crackdown on the technology sector.
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Alibaba Founder Jack Ma Said to Be Spotted in Hong Kong in Rare Appearance
Jack Ma is said to currently be in Hong Kong where he has met business associates in recent days. The billionaire founder of Alibaba has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators.
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China Tech Crackdown Has Global Investors Turning To India
China's crackdown on its technology industry means global investors seeking emerging-markets exposure will turn their attention to India, said Sumant Mandal, a managing partner at U.S. venture investor March Capital Partners.
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Nvidia CEO Praises India's AI "Talent" Amid Crackdown On China Market
During a five-day tour of India earlier this month, Nvidia Corp. Chief Executive Officer Jensen Huang visited four cities, dined with tech executives and researchers, took numerous selfies, and sat for a one-on-one conversation with PM Modi.
-
Chinese Premier Urges Tech Giants To Support Economy As Crackdown Ends
China on Wednesday sent another strong signal that a years-long crackdown on its tech industry is over as Premier Li Qiang met firms such as Alibaba's cloud unit and Meituan, and urged them to do more to support the economy.
-
Alibaba to Monetise Non-Core Assets, Decide on Control of New Business Units After Breakup
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.
-
Tencent to Maintain Cost-Cutting Measures Amid First Drop in Annual Revenue
Tencent Holdings on Thursday said it would restrict its focus to its core business, while maintinaing cost-cutting and improving efficiencies, as it reported its first drop in annual revenue to date. The world's largest video game company and operator of the WeChat messaging platform posted revenue of CNY 554.55 billion (nearly Rs. 6,65,600 crore) ...
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China Acquires 'Golden Shares' in Two Alibaba Units in Bid to Strengthen Control Over Online Content
China has purchased 'golden shares', or minority stakes with special rights, in two of Alibaba's domestic units. Golden shares grant government-backed funds or companies board representation and/or veto rights for key business decisions. Beijing is looking to extend a campaign to strengthen control over online content, and Alibaba has been one of t...
-
Tencent Fires Over 100 Employees Found Guilty of Bribery, Embezzlement
Tencent on Monday revealed that it had fired over 100 employees found guilty of bribery and embezzlement, an announcement that comes as the company struggles under a broad regulatory crackdown on China's tech sector initiated in late 2020. More than a hundred employees were guilty of violating Tencent's anti-fraud policy and one employee was found ...
-
Can Mark Zuckerberg and his crypto-infused Metaverse challenge China’s crackdown?
China has been increasingly cracking down on its tech elite since last year. But with metaverse becoming a new technological horizon, is the country prepared to regulate it? Or, will metaverse be the panacea to China's tech companies?
-
China Busts First Hidden Crypto Mining Centre in Guangdong as Energy, Environmental Concerns Intensify
A crypto mining centre has been busted in China’s Guangdong Province. The facility had consumed over 90,000 kilowatts of electricity after having been operational for over 1,000 hours. China aims to crack crypto activities amid energy crisis and carbon emission woes.
-
Gay Dating App Grindr Out Of App Stores In China's "Auspicious" Web Drive
Gay dating app Grindr has disappeared from multiple app stores in China as authorities tighten control of the country's already heavily policed internet and purge online behaviour the ruling Communist Party dislikes.
-
China Demands Tencent Submit New Apps, Updates to Inspection Before Being Uploaded: Report
China has required Tencent to submit any new apps or updates for inspections before they can be uploaded after a number of its apps were found to have committed violations, Chinese financial media outlet Yicai reported.
-
Pakistan Startup Draws Record Money, Helped By China's Tech Crackdown
The startup scene in the world's fifth-largest nation is having a breakout year. More money has flowed into Pakistan's nascent technology sector during 2021 than in the previous six years combined.
-
SoftBank Doubles Down With Buy Back After $10 Billion Vision Fund Hit
Softbank’s Vision Fund has taken a $10 billion hit from a decline in share prices of its portfolio companies and China's regulatory crackdown on tech firms.
-
Fortnite Pulled by Epic Games From China Over Sweeping Crackdown on Tech Sector
Epic Games said it will shut down Fortnite in China, months after authorities imposed a series of strict curbs on the world's biggest gaming market as part of a sweeping crackdown on the technology sector.
-
Alibaba Founder Jack Ma Said to Be Spotted in Hong Kong in Rare Appearance
Jack Ma is said to currently be in Hong Kong where he has met business associates in recent days. The billionaire founder of Alibaba has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators.
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China Tech Crackdown Has Global Investors Turning To India
China's crackdown on its technology industry means global investors seeking emerging-markets exposure will turn their attention to India, said Sumant Mandal, a managing partner at U.S. venture investor March Capital Partners.
