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13 things you may not know about China’s tech billionaires

13 things you may not know about China’s tech billionaires

The number of billionaires in China keeps growing, especially in tech with Beijing as the world's billionaire capital since 2015.

24 Mar 2021 - 1:23PM

Lenovo’s approved plan to IPO on Star could test drive CDR success

4 Feb 2021 - 4:00PM

How new millennial billionaires built the biggest rival to China’s TikTok

27 Jan 2021 - 8:30AMvideocam

Tencent’s Pony Ma is now China’s second-richest man

Pony Ma overtakes Pinduoduo’s Colin Huang and Alibaba’s Jack Ma in net worth as Tencent edges closer to US$1 trillion club

26 Jan 2021 - 11:24PM

Pony Ma Huateng, chairman and CEO of Tencent Holdings, is currently China’s second richest person. Photo: Bloomberg

US sanctions on China

SMIC urges China to embrace advanced packaging as Moore’s Law slows

SMIC vice-chairman Chiang sees advanced chip packaging as a way to drive development as the number of clients needing advanced nanometre nodes shrinks.

24 Feb 2021 - 4:43PM

Kuaishou looks for more ways to monetise users, trim losses before Hong Kong IPO

Tencent-backed video-sharing app Kuaishou Technology said it was looking to expand its monetisation model and reverse losses, having won approval for a US$5 billion to US$6 billion initial public offering in Hong Kong.

17 Jan 2021 - 11:07PM

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Banking & finance

Video-sharing app Kuaishou cleared for Hong Kong IPO up to US$6 billion

Kuaishou Tech will kick off its blockbuster IPO next week, as the loss-making company targets a listing in early February.

15 Jan 2021 - 10:38AM

Kuaishou’s stand at the Shanghai New International Expo Center on July 30 in Shanghai, China. Photo: Getty Images

X (formerly Twitter)

Twitter chief defends Trump ban, says it sets a ‘dangerous’ precedent

Jack Dorsey said permanently suspending Donald Trump’s account was ‘the right decision’, as Snapchat joined other platforms in banning the US president.

14 Jan 2021 - 9:16PMvideocam

Huawei aims to put Harmony OS on 400 million devices this year

Huawei says it wants Harmony OS deployed on more than 200 million of its own devices and more than 100 million third-party devices in 2021, but breaking the Apple and Google mobile OS duopoly remains a challenge.

13 Jan 2021 - 10:52PM

Lenovo to sell CDRs in further opening of Shanghai’s Star Market

The pending sale would be a breakthrough for Shanghai’s Science Technology and Innovation Board, or Star Market, in its pitch to attract China’s technology champions and most promising start-ups to raise capital in their home ground.

13 Jan 2021 - 10:52PM

Lenovo to sell CDRs in Shanghai, boosting Star Market’s pitch for China’s national champions to raise funds at home

Electric & new energy vehicles

Tesla faces a new foe as Baidu enters the fray for electric cars

The search engine giant is teaming up with carmaker Geely to design and make smart electric vehicles, joining a crowded field of partnerships racing to challenge the dominance of Tesla.

8 Jan 2021 - 9:54PMvideocam

Staff work on an engine production line of Geely Automobile in Baoji, northwest China's Shaanxi Province. Photo: Xinhua

Elon Musk richer than Jeff Bezos as Tesla stock outpaces all S&P 500 rivals

Tesla’s ascent thrusts its brash founder into a role occupied by only a handful of other people in recent decades and underscores the dramatic stock moves that have upended the global wealth rankings.

8 Jan 2021 - 5:38PMvideocam

Huawei looks to cloud services as US sanctions hit smartphone business

Firm’s founder Ren Zhengfei says the Chinese giant should learn from global leaders Amazon and Microsoft.

3 Jan 2021 - 10:47PMvideocam

Hedge fund Third Point urges Intel to explore deal options

Third Point is pushing Intel to explore strategic alternatives including whether it should keep chip design and production under one roof.

30 Dec 2020 - 10:26AM

Intel has been slow to respond to investor calls to outsource more of its manufacturing capacity. Photo: Reuters

What is the controversial tactic that triggered Alibaba antitrust probe?

Chinese regulators will investigate the ‘picking one from two’ practice as part of their antitrust probe into Alibaba Group Holding over suspected monopolistic practices.

24 Dec 2020 - 7:31PMvideocam

The State Administration of Market Regulation has officially started investigating Alibaba Group Holding over suspected monopolistic practices. Photo: Bloomberg

Police probe poisoning case after Game of Thrones game CEO falls ill

Yoozoo, known as the game developer of Game of Thrones: Winter Is Coming, said its founder and CEO has been hospitalised after the Shanghai police announced an investigation into a suspected poisoning case.

24 Dec 2020 - 2:50PM

Elon Musk says Apple CEO refused talks for Tesla at US$60 billion

Apple’s stock has climbed, while Tesla has slipped, on a Reuters report that Apple is aiming to produce a driverless car for consumers in 2024.

23 Dec 2020 - 10:19AM

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Smartisan founder promises triple refunds for fake Pierre Cardin jumper

Tech entrepreneur and popular live-streamer Luo Yonghao says his company checked suppliers’ qualifications before agreeing to cooperate with them, but now suspects them of forging documents and deliberately committing fraud.

16 Dec 2020 - 5:15PMvideocam

Luo Yonghao, the indebted founder of smartphone brand Smartisan, apologised in a video after jumpers he sold in a live stream turned out to be fake. Screengrab: Weibo

Indonesia: Widodo steps up bid to woo investment from Tesla’s Elon Musk

The president’s personal invitation comes as Southeast Asia’s largest economy looks to venture into the burgeoning electric-vehicle industry.

15 Dec 2020 - 10:41PMvideocam

Banking & finance

Hong Kong likely to attract more tech listings in next decade, Tsai says

Tech leaders in Southeast Asia among companies likely to choose Hong Kong for listings, Alibaba’s Joe Tsai said at a HKEX forum.

4 Dec 2020 - 10:33PMvideocam

Singaporeans in space: the start-ups powering city state’s ascent

Entrepreneurs and tech start-ups have joined the space race. Singapore is fast emerging as a space technology hub, bringing together investors, scientists, designers and inventors.

19 Nov 2020 - 4:17PMvideocam

From left: Praveen Ganapathi Perumal, Simon Gwozdz and Nah Yi Jie of Equatorial Space Systems with their low- altitude demonstration rocket. Photo: Scott A. Woodward

Singapore’s Sea tumbles as e-commerce shows signs of slowdown

Sea, Southeast Asia’s most valuable company and the owner of Shopee and Garena, tumbled after reporting third-quarter financial results that showed signs of a slowdown in e-commerce growth.

18 Nov 2020 - 11:28AM

Commuters walk past an advertisement for online commerce site Shopee at a Bangkok skytrain station. Photo: SCMP / Chua Kong Ho

The businesswoman helping brands sell luxury in China through influencers

As the prominence of influencers expands, global beauty and luxury brands are on the hunt for these key opinion leaders to entice Chinese buyers. A start-up wants to help.

18 Nov 2020 - 9:28AM

Apple must face shareholder lawsuit over Tim Cook’s China comments

Apple told suppliers to curb production a few days after Cook spoke and later unexpectedly cut its quarterly revenue forecast.

6 Nov 2020 - 10:08AM

US said to shelve bid to blacklist China’s Ant Group after phone call

The Commerce Department, which oversees the trade blacklist, shelved a proposal to add Ant Group to a trade blacklist after Alibaba president Michael Evans urged Commerce Secretary Wilbur Ross to reject the bid in a phone call, sources say.

4 Nov 2020 - 9:52AMvideocam

Investors had bid a record US$3 trillion for Ant Group shares before China suspended the fintech giant’s stock market listing. Photo: EPA-EFE

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