https://www.scmp.com/rss/318223/feed News and interviews with China tech's start-up leaders and founders. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com 1. How did Robin Li build China's largest search engine? He worked for Disney on search and then met Eric Xu, a PhD who had good contacts in Silicon Valley. Learn more 2. Who is Jack Ma? Jack Ma is the billionaire co-founder of e-commerce giant Alibaba and fintech company Ant Group. Learn more 3. What does Xiaomi founder, Lei Jun, spend his money on? Cars and a science park. Learn more 4. Before founding Tencent in 1993, what did Pony Ma do for a living? He developed software for pagers,... https://www.scmp.com/tech/tech-leaders-and-founders/article/3126617/13-things-you-may-not-know-about-chinas-tech?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3126617/13-things-you-may-not-know-about-chinas-tech?utm_source=rss_feed Wed, 24 Mar 2021 05:23:39 +0000 Lenovo’s shareholders have given their nod to an initial public offering of Chinese depositary receipts by the world’s largest personal computer maker on Shanghai’s Star Market, in a landmark sale that may encourage more overseas-listed technology companies to follow suit. The plan by Lenovo to issue 1.3 billion CDRs, first announced in January, was approved by 99 per cent of shareholders, according to a filing to the Hong Kong stock exchange. Based on Lenovo’s Wednesday closing price in Hong... https://www.scmp.com/business/banking-finance/article/3120501/lenovos-shareholders-give-their-overwhelming-nod-companys?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3120501/lenovos-shareholders-give-their-overwhelming-nod-companys?utm_source=rss_feed Thu, 04 Feb 2021 08:00:22 +0000 Jane Zhang,Tracy Qu,Josh Ye Jane Zhang,Tracy Qu,Josh Ye Kuaishou co-founders Su Hua and Cheng Yixiao are set to become two of China’s richest millennials following a US$5 billion initial public offering of their video-sharing app in Hong Kong, joining the ranks of young entrepreneurs who have gained massive wealth from China’s decades-long technology boom. The total valuation of Kuaishou, China’s second-biggest short video platform next to TikTok sister app Douyin, could reach US$61.7 billion after the IPO, which started to receive public... https://www.scmp.com/tech/tech-leaders-and-founders/article/3119335/kuaishou-ipo-how-chinas-newest-millennial?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3119335/kuaishou-ipo-how-chinas-newest-millennial?utm_source=rss_feed Tue, 26 Jan 2021 22:00:05 +0000 Pony Ma Huateng, the founder and CEO of Tencent Holdings, is now the second-wealthiest person in China as his company’s market value surged closer than ever to US$1 trillion this week. A nearly 11 per cent jump in Tencent’s stock price on Monday added US$6.9 billion to Ma’s wealth, according to the Bloomberg Billionaires Index. With a net worth of around US$75 billion, Ma ranks only behind Zhong Shanshan, chairman of Chinese bottled water giant Nongfu Spring. Ma is currently richer than Jack Ma,... https://www.scmp.com/tech/big-tech/article/3119297/pony-ma-now-chinas-second-richest-man-tencent-nears-trillion-dollar?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3119297/pony-ma-now-chinas-second-richest-man-tencent-nears-trillion-dollar?utm_source=rss_feed Tue, 26 Jan 2021 09:12:33 +0000 Chinese chip makers should focus on developing advanced packaging technologies to overcome their weakness in nanometre process nodes, according to Chiang Shang-yi, the former TSMC R&D director recently recruited by Semiconductor Manufacturing International Corp (SMIC). Chiang, SMIC’s executive director and vice-chairman, said future breakthroughs for the country’s integrated circuit (IC) manufacturing industry would come from advanced packaging techniques that can cram more circuits into smaller... https://www.scmp.com/tech/big-tech/article/3119174/smic-urges-chinas-chipmakers-embrace-advanced-packaging-moores-law?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3119174/smic-urges-chinas-chipmakers-embrace-advanced-packaging-moores-law?utm_source=rss_feed Mon, 25 Jan 2021 12:00:16 +0000 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. The Beijing-based company, which is the world’s second-largest such app, said in a filing with the Hong Kong stock exchange late on Friday that its profitability remained uncertain as it continued to struggle to find ways to make money from its huge user base, reach and... https://www.scmp.com/business/companies/article/3118081/tencent-backed-app-kuaishou-looks-more-ways-monetise-millions?utm_source=rss_feed https://www.scmp.com/business/companies/article/3118081/tencent-backed-app-kuaishou-looks-more-ways-monetise-millions?utm_source=rss_feed Sun, 17 Jan 2021 10:02:22 +0000 Beijing-based Kuaishou Technology, the world’s second-largest video-sharing app, has won the green light from Hong Kong to raise roughly US$5 billion to US$6 billion, potentially the city’s largest IPO in over a year, a person familiar with the matter said on Friday. The company, in which Tencent Holdings, China’s largest games publisher, owns a 21.6 per cent stake, was cleared by the listing committee of the Hong Kong stock exchange on Thursday night. The nine-year-old company can now launch... https://www.scmp.com/business/banking-finance/article/3117828/tencent-backed-video-sharing-app-kuaishou-wins-green-light?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3117828/tencent-backed-video-sharing-app-kuaishou-wins-green-light?utm_source=rss_feed Fri, 15 Jan 2021 02:22:52 +0000 Twitter chief Jack Dorsey backed the messaging platform’s ban of US President Donald Trump, but said on Wednesday it sets a “dangerous” precedent. “Having to ban an account has real and significant ramifications,” Dorsey said in a string of tweets inviting feedback from users. “While there are clear and obvious exceptions, I feel a ban is a failure of ours ultimately to promote healthy conversation.” Trump’s access to social media platforms he has used as a megaphone during his presidency has... https://www.scmp.com/news/world/united-states-canada/article/3117687/twitter-chief-defends-trump-ban-says-it-sets?utm_source=rss_feed https://www.scmp.com/news/world/united-states-canada/article/3117687/twitter-chief-defends-trump-ban-says-it-sets?utm_source=rss_feed Thu, 14 Jan 2021 05:34:17 +0000 China telecoms equipment giant Huawei Technologies Co. aims to deploy Harmony OS on 400 million devices in 2021, according to a senior Huawei executive, as the Chinese telecoms giant manoeuvres to survive harsh US technology restrictions. Wang Chenglu, the head of software at Huawei‘s consumer business group, said at a forum on Tuesday that the company’s goal for Harmony OS this year is to install it on over 200 million Huawei devices and over 100 million third-party devices. “Altogether, the... https://www.scmp.com/tech/article/3117573/huawei-aims-deploy-harmony-os-400-million-devices-2021-going-beyond?utm_source=rss_feed https://www.scmp.com/tech/article/3117573/huawei-aims-deploy-harmony-os-400-million-devices-2021-going-beyond?utm_source=rss_feed Wed, 13 Jan 2021 10:30:13 +0000 Lenovo, the world’s largest personal computer maker, is seeking shareholders’ approval to sell Chinese depositary receipts (CDRs) in Shanghai, in a move that further opens the city’s stock exchange for offshore companies to raise capital. The owner of the IBM Thinkpad laptop brand is seeking to issue 1.3 billion new shares, or 10 per cent of its enlarged capital, through CDRs, Lenovo said in a Tuesday announcement to the Hong Kong stock exchange, without specifying the amount raised. Based on... https://www.scmp.com/business/article/3117581/lenovo-sell-cdrs-shanghai-boosting-star-markets-pitch-chinas-national?utm_source=rss_feed https://www.scmp.com/business/article/3117581/lenovo-sell-cdrs-shanghai-boosting-star-markets-pitch-chinas-national?utm_source=rss_feed Wed, 13 Jan 2021 10:15:08 +0000 China’s leading search engine, Baidu, has entered the fray to take on Tesla and a clutch of domestic smart electric car makers through a new partnership with vehicle manufacturer Geely. Baidu, which already runs one of the world’s largest open autonomous-driving platforms, plans to use Geely’s production facilities and development capabilities to reinforce its foray into car manufacturing, according to two sources with knowledge of the matter. Shares of Geely Automobile shot up by a fifth in... https://www.scmp.com/business/companies/article/3117004/chinese-search-giant-baidu-jumps-smart-electric-car-fray-teaming?utm_source=rss_feed https://www.scmp.com/business/companies/article/3117004/chinese-search-giant-baidu-jumps-smart-electric-car-fray-teaming?utm_source=rss_feed Fri, 08 Jan 2021 12:28:55 +0000 Elon Musk, world’s richest person. A statement that seemed outlandish one year ago became plausible, then almost inevitable as Tesla’s share price climbed higher and higher in 2020. On Thursday, it finally happened. The electric-automaker’s shares surged 7.9 per cent, boosting Musk past Amazon.com founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. Musk is worth US$194.8 billion , or US$9.5 billion more than Bezos, whose Blue Origin is a rival... https://www.scmp.com/business/companies/article/3116879/elon-musk-surpasses-jeff-bezos-worlds-richest-person-tesla-stock?utm_source=rss_feed https://www.scmp.com/business/companies/article/3116879/elon-musk-surpasses-jeff-bezos-worlds-richest-person-tesla-stock?utm_source=rss_feed Fri, 08 Jan 2021 02:14:16 +0000 With US sanctions putting a chokehold on Huawei Technologies Co’s 5G and smartphone businesses, company founder Ren Zhengfei said the Chinese tech giant must make cloud computing its priority. In an internal speech delivered in November and shared on a staff forum two days before the new year, Ren admitted that cloud services had not been a strength and the firm needed to make a “breakthrough”. “It is impossible for us to simply follow the same path as Alibaba and Amazon … They have access to... https://www.scmp.com/tech/tech-leaders-and-founders/article/3116243/huawei-looks-cloud-services-2021-us-sanctions?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3116243/huawei-looks-cloud-services-2021-us-sanctions?utm_source=rss_feed Sun, 03 Jan 2021 11:00:19 +0000 Activist hedge fund Third Point is pushing Intel to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company’s chairman on Tuesday that was reviewed by Reuters. Were it to gain traction, Third Point’s push for changes could lead to a major shake-up at Intel, which has been slow to respond to investor calls to outsource more of its manufacturing capacity. It could also lead to the unwinding of some of... https://www.scmp.com/tech/gear/article/3115772/hedge-fund-third-point-urges-intel-explore-options-boost-position-major?utm_source=rss_feed https://www.scmp.com/tech/gear/article/3115772/hedge-fund-third-point-urges-intel-explore-options-boost-position-major?utm_source=rss_feed Wed, 30 Dec 2020 02:26:17 +0000 The move by China’s antitrust regulator to launch an investigation into the alleged monopolistic practices of Alibaba Group Holding will be the first time authorities have cracked down on the so-called “picking one from two” practice, despite its years-long use in the e-commerce market. The tactic, in which online merchants are forced to choose only one platform as their exclusive distribution channel, is widespread in China, especially during the shopping festivals such as November 11. Under... https://www.scmp.com/tech/enterprises/article/3115300/alibaba-antitrust-investigation-what-picking-one-two-practice?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/3115300/alibaba-antitrust-investigation-what-picking-one-two-practice?utm_source=rss_feed Thu, 24 Dec 2020 11:29:33 +0000 Lin Qi, the chairman and chief executive of the Chinese games publisher Yoozoo, has been hospitalised in what the Shanghai police characterised as suspected poisoning, in a case that has gripped China’s social media. Lin, 39, visited a Shanghai hospital on December 16 after experiencing “acute symptoms of illness,” according to a WeChat statement by Youzu Interactive, as Yoozoo is also called. Lin is currently under treatment and his condition is stable, the company said. Shanghai’s police said... https://www.scmp.com/tech/article/3115236/chief-executive-game-thrones-game-publisher-yoozoo-lands-hospital-shanghai?utm_source=rss_feed https://www.scmp.com/tech/article/3115236/chief-executive-game-thrones-game-publisher-yoozoo-lands-hospital-shanghai?utm_source=rss_feed Thu, 24 Dec 2020 06:03:08 +0000 Apple Inc. chief executive officer Tim Cook refused to take a meeting years ago to discuss acquiring Tesla Inc., Elon Musk said on Tuesday. Tesla CEO Musk said in a tweet that he reached out to Apple during the “darkest days” of development of his company’s Model 3 to talk about a possible deal. Musk said he planned to discuss the possibility of selling Tesla to Apple for one-tenth of its current value, indicating a valuation of about US$60 billion. In 2017, Tesla burned cash as it ramped up... https://www.scmp.com/tech/tech-leaders-and-founders/article/3115042/elon-musk-says-apple-ceo-refused-talks-tesla-us60?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3115042/elon-musk-says-apple-ceo-refused-talks-tesla-us60?utm_source=rss_feed Wed, 23 Dec 2020 02:19:34 +0000 Chinese tech founder and live-streamer Luo Yonghao has apologised for selling Pierre Cardin branded wool jumpers in a live stream in November, after the jumpers were found to be fake. Luo, the indebted founder of smartphone brand Smartisan who has become a celebrity live-streamer, said in a video statement on Douyin – the Chinese version of short video app TikTok – on Tuesday that the jumpers were sold via a live stream he hosted on November 28. Several customers contacted his company with... https://www.scmp.com/tech/tech-leaders-and-founders/article/3114159/smartisan-founder-luo-yonghao-apologises-fake-pierre?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3114159/smartisan-founder-luo-yonghao-apologises-fake-pierre?utm_source=rss_feed Wed, 16 Dec 2020 09:15:13 +0000 President Joko Widodo’s personal invitation for Tesla chief executive Elon Musk to invest in Indonesia is the latest bid by Southeast Asia’s largest economy to become part of the global supply chain for the burgeoning electric-vehicle (EV) industry, which a 2018 European Commission report estimated could be worth up to US$66.7 billion annually. On the Friday call, Widodo and Musk discussed the industry and the main components for EV batteries, the investment ministry said in a statement. The... https://www.scmp.com/week-asia/economics/article/3114085/indonesia-widodo-steps-bid-woo-investment-teslas-elon-musk?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3114085/indonesia-widodo-steps-bid-woo-investment-teslas-elon-musk?utm_source=rss_feed Tue, 15 Dec 2020 13:39:45 +0000 More technology companies from across the globe – not just those based in China – are likely to list on Hong Kong’s stock exchange in the next five to 10 years, particularly emerging tech leaders in Southeast Asia, according to Alibaba’s executive vice-chairman Joe Tsai. Non-US investors, as well as sovereign wealth and pension funds, are increasing their allocations to Hong Kong and Asia as they seek to tap future growth in the region, Tsai said at a fireside chat as part of Hong Kong Exchanges... https://www.scmp.com/business/banking-finance/article/3112590/more-tech-companies-likely-list-hong-kong-next-decade?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3112590/more-tech-companies-likely-list-hong-kong-next-decade?utm_source=rss_feed Fri, 04 Dec 2020 09:45:18 +0000 With Elon Musk’s SpaceX shuttling Nasa astronauts to the International Space Station and Virgin Galactic planning to begin commercial flights next year, space has never been more accessible. For the business-minded, it’s never had more commercial potential. Around US$3.25 billion was invested in space start-ups in 2018, while a 2020 report by Morgan Stanley predicted the space economy could be worth up to US$1.1 trillion by the 2040s. Space was once the exclusive domain of superpower space... https://www.scmp.com/lifestyle/article/3110162/singapore-emerging-space-technology-hub-southeast-asia-we-talk-scientists?utm_source=rss_feed https://www.scmp.com/lifestyle/article/3110162/singapore-emerging-space-technology-hub-southeast-asia-we-talk-scientists?utm_source=rss_feed Wed, 18 Nov 2020 23:15:19 +0000 Sea, Southeast Asia’s most valuable company, tumbled after reporting third-quarter financial results that showed signs of a slowdown in e-commerce growth. The Singapore-based company’s revenue doubled to US$1.2 billion for the quarter and it boosted annual forecasts for two key businesses. But net losses also doubled to US$419.9 million and quarter-on-quarter growth in e-commerce gross merchandise value dropped to 16 per cent, from 29 per cent in the second quarter. Sea shares slid 4.3 per cent... https://www.scmp.com/tech/e-commerce/article/3110305/singapore-shopee-owner-sea-tumbles-amid-signs-e-commerce-slowdown?utm_source=rss_feed https://www.scmp.com/tech/e-commerce/article/3110305/singapore-shopee-owner-sea-tumbles-amid-signs-e-commerce-slowdown?utm_source=rss_feed Wed, 18 Nov 2020 03:28:20 +0000 When Parklu co-founder and CEO Kim Leitzes first pitched her start-up idea – a marketplace for online influencers – in 2014, most investors were sceptical. Would people really buy an expensive handbag just because they saw a stranger carrying it on social media? As it turns out, many would. Top-tier online influencers, or key opinion leaders (KOLs) as they are called in China can rake in tens of millions of dollars in sales in a day just by talking in front of the camera. Live-streaming star... https://www.scmp.com/tech/start-ups/article/3110192/meet-kim-leitzes-us-born-female-entrepreneur-behind-chinese?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/3110192/meet-kim-leitzes-us-born-female-entrepreneur-behind-chinese?utm_source=rss_feed Tue, 17 Nov 2020 14:00:21 +0000 Apple has been ordered to face a proposed class-action lawsuit by shareholders who accused Chief Executive Tim Cook of concealing falling demand for iPhones in China, resulting in billions of dollars of investor losses. In a decision on Wednesday, US District Judge Yvonne Gonzalez Rogers said shareholders led by a UK pension fund can sue over Cook’s comment on a November 1, 2018, analyst call that while Apple was facing sales pressure in some emerging markets, “I would not put China in that... https://www.scmp.com/tech/tech-leaders-and-founders/article/3108689/apple-must-face-shareholder-lawsuit-over-ceo-tim?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3108689/apple-must-face-shareholder-lawsuit-over-ceo-tim?utm_source=rss_feed Fri, 06 Nov 2020 01:25:56 +0000 The Trump administration has put on hold an effort to blacklist Ant Group, the Chinese financial technology company affiliated with e-commerce giant Alibaba Group Holding, following a phone call between a company executive and a top US government official, four people familiar with the matter said. (Alibaba owns the South China Morning Post.) Reuters reported last month that the US State Department had submitted a proposal to add Ant Group to a trade blacklist to deter US investors from taking... https://www.scmp.com/tech/policy/article/3108353/us-shelves-bid-blacklist-chinas-ant-group-after-phone-call-alibaba?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3108353/us-shelves-bid-blacklist-chinas-ant-group-after-phone-call-alibaba?utm_source=rss_feed Wed, 04 Nov 2020 01:52:34 +0000 HKBN, operator of Hong Kong’s second-largest fixed-line telecommunications network, plans to ramp up the bundling of services to its residential and enterprise users, as market competition intensifies amid the city’s pandemic-hit economy. That move, which leads a series of initiatives that HKBN announced on Friday, is expected to show how much the company has evolved after completing the integration of its latest major corporate acquisition since 2013, according to a company statement. In... https://www.scmp.com/tech/big-tech/article/3108104/telecoms-giant-hkbn-ratchets-services-bundling-amid-hong-kong?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3108104/telecoms-giant-hkbn-ratchets-services-bundling-amid-hong-kong?utm_source=rss_feed Mon, 02 Nov 2020 21:15:15 +0000 As TikTok gains prominence globally, the leaders of its Beijing-based parent company ByteDance are also attracting more attention. ByteDance China CEO Kelly Zhang, for instance, has appeared on Fortune magazine’s international list of the 50 most powerful women in business for the first time this year. Zhang, who joined ByteDance in 2014 and was promoted to head the company’s China business in March this year, was ranked 45th on the annual list which highlights the most powerful women in... https://www.scmp.com/tech/tech-leaders-and-founders/article/3107588/tiktok-owner-bytedances-china-head-debuts-fortunes?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3107588/tiktok-owner-bytedances-china-head-debuts-fortunes?utm_source=rss_feed Thu, 29 Oct 2020 06:30:18 +0000 Major Chinese self-driving companies such as Baidu, Didi Chuxing, WeRide and AutoX have all recently launched robotaxi services in various cities, but the head of autonomous driving at Xpeng Motors is less bullish on the prospect. “They have to make a robot driver completely beat a human driver to be able to generate value for the society, which is pretty tough,” said Xpeng vice-president Xinzhou Wu, speaking to the media on Tuesday. He added that drivers and taxi fares were more affordable in... https://www.scmp.com/tech/tech-leaders-and-founders/article/3107348/chinese-tesla-rival-xpeng-steers-clear-robotaxis?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3107348/chinese-tesla-rival-xpeng-steers-clear-robotaxis?utm_source=rss_feed Wed, 28 Oct 2020 04:21:35 +0000 Lee Jae-yong has been groomed for decades to take over Samsung Group, the conglomerate founded by his grandfather and built by his father into a technology giant. Yet even after the death of Lee Kun-hee on Sunday, his only son is likely to have to wait a bit longer for his ascension. The younger Lee is in the midst of two trials over allegations he used bribery and accounting trickery to smooth his succession. While he has repeatedly denied wrongdoing, Lee faces the possibility of returning to... https://www.scmp.com/tech/big-tech/article/3107250/samsung-succession-plans-complicated-lee-jae-yongs-risk-jail-time?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3107250/samsung-succession-plans-complicated-lee-jae-yongs-risk-jail-time?utm_source=rss_feed Tue, 27 Oct 2020 08:21:46 +0000 Chinese billionaire Jack Ma’s Ant Group set the price for the Hong Kong leg of its initial public offering at HK$80 a share (US$10.32), putting it on track to raise roughly US$17 billion in the offshore tranche of its share sale, according to people familiar with the matter. The world’s most valuable unicorn is likely to make its hotly anticipated debut on Shanghai’s Nasdaq-styled Star Market and Hong Kong’s stock exchange on November 5, after the US election on November 3. Its stock code will... https://www.scmp.com/business/companies/article/3107135/ant-group-prices-hong-kong-leg-stock-offering-hk80-share-worlds?utm_source=rss_feed https://www.scmp.com/business/companies/article/3107135/ant-group-prices-hong-kong-leg-stock-offering-hk80-share-worlds?utm_source=rss_feed Mon, 26 Oct 2020 11:23:53 +0000 This is the second of a three-part series on the push for electrification in the world’s largest vehicle market, looking at the battery makers that have ridden on the coattails of carmakers to the top of the world for powering electric vehicles. The first instalment of the series on the push of electric cars into rural China can be found here. More than a century ago, the Iowan state capital of Des Moines was the global hub for electric vehicles, with more than 30,000 horseless carriages... https://www.scmp.com/business/companies/article/3106817/china-leads-industry-powers-electric-cars-country-mile-what-will?utm_source=rss_feed https://www.scmp.com/business/companies/article/3106817/china-leads-industry-powers-electric-cars-country-mile-what-will?utm_source=rss_feed Sat, 24 Oct 2020 02:00:32 +0000 Good morning, this is Melissa Zhu from SCMP’s tech desk in Hong Kong rounding up our leading stories about China tech. This week, we have China calling the US an “empire of hacking”, legendary Apple guru Kuo Ming-chi’s assessment of the iPhone 12’s prospects, and how Huawei’s woes have put a dent in its founder’s personal wealth. The empire strikes back? China’s foreign ministry has called the US an “empire of hacking”, saying a US National Security Agency (NSA) cybersecurity advisory warning of... https://www.scmp.com/tech/policy/article/3106802/inside-china-tech-china-us-trade-barbs-over-cybersecurity?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3106802/inside-china-tech-china-us-trade-barbs-over-cybersecurity?utm_source=rss_feed Fri, 23 Oct 2020 22:00:08 +0000 Chinese wealth management unicorn Lufax Holding is selling American depositary shares (ADSs) in an initial public offering (IPO) on the New York Stock Exchange that could potentially be the biggest US listing by a Chinese issuer this year. The company, which is owned by Ping An Group, China’s biggest insurer, and is among the country’s top three online wealth management platforms with more than 12 million active users, is selling 175 million ADSs at an indicative price of between US$11.5 and... https://www.scmp.com/business/banking-finance/article/3106870/chinese-wealth-management-unicorn-lufax-path-biggest-us?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3106870/chinese-wealth-management-unicorn-lufax-path-biggest-us?utm_source=rss_feed Fri, 23 Oct 2020 13:15:19 +0000 Tesla on Wednesday reported its fifth consecutive quarterly profit on record revenue of US$8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other carmakers. The electric car maker also affirmed its target to deliver half a million vehicles by the end of this year, a goal that will require it to significantly ramp up vehicle sales in the fourth quarter. The shares rose 2.5 per cent to US$433.88 in extended trade as the carmaker beat... https://www.scmp.com/tech/tech-leaders-and-founders/article/3106585/tesla-sets-revenue-record-makes-profit-thanks?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3106585/tesla-sets-revenue-record-makes-profit-thanks?utm_source=rss_feed Thu, 22 Oct 2020 03:36:05 +0000 A bitter border dispute between Chinese and Indian troops may have resulted in a backlash against Chinese technology and bans of more than a hundred apps in the South Asian nation, but Oppo’s head of global sales says the smartphone giant is still open to investing more in the world’s second-most populous country. “To tell the truth, even though the border conflict has had a great impact on India, our sales there have not been affected much,” Oppo vice-president and its president of global... https://www.scmp.com/tech/tech-leaders-and-founders/article/3106483/china-india-border-conflict-will-not-stop-oppo?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3106483/china-india-border-conflict-will-not-stop-oppo?utm_source=rss_feed Wed, 21 Oct 2020 21:00:10 +0000 US sanctions on Chinese telecommunications giant Huawei Technologies have eaten into founder Ren Zhengfei’s personal wealth, even as opportunities in 5G boost the fortunes of other smartphone billionaires in the country, according to the latest Hurun China Rich List. The 76-year-old Huawei founder saw his wealth shrink 10 per cent in the past year to 19 billion yuan (US$2.8 billion), Hurun said in a report published on Tuesday morning. Ren’s position on the list – which ranks the richest... https://www.scmp.com/tech/tech-leaders-and-founders/article/3106254/huawei-sanctions-shrink-founder-ren-zhengfeis-wealth?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3106254/huawei-sanctions-shrink-founder-ren-zhengfeis-wealth?utm_source=rss_feed Tue, 20 Oct 2020 09:32:40 +0000 The men behind Genshin Impact , touted as the biggest ever global launch of a Chinese game, have made no secret of targeting otakus – a Japanese term for male geeks who are socially awkward with limited romantic lives, and who are often diehard fans of games or anime featuring “cute” or “sexy” female characters. The slogan for Shanghai-based miHoYo, the company they founded: “tech otakus save the world”. And Cai Haoyu, co-founder and president of Genshin Impact creator miHoYo, has identified as... https://www.scmp.com/tech/start-ups/article/3105111/how-genshin-impacts-chinese-creator-mihoyo-found-success-otakus?utm_source=rss_feed https://www.scmp.com/tech/start-ups/article/3105111/how-genshin-impacts-chinese-creator-mihoyo-found-success-otakus?utm_source=rss_feed Mon, 12 Oct 2020 21:00:11 +0000 When China’s coronavirus cases stabilised in March and domestic tourism began to resume, Trip.com Group’s co-founder and executive chairman James Liang Jianzhang traded his formal business attire for ancient Chinese clothing, known as hanfu, to host live-streamed shows selling travel packages and hotel room bookings. Liang’s entertaining video campaigns, incorporating traditional Chinese performance arts such as crosstalk and Sichuan “face-changing” opera, have made him an internet... https://www.scmp.com/tech/tech-leaders-and-founders/article/3104532/live-streaming-here-stay-chinese-travel-business?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3104532/live-streaming-here-stay-chinese-travel-business?utm_source=rss_feed Wed, 07 Oct 2020 22:00:13 +0000 The CEOs of Nvidia and Arm expressed confidence in getting regulatory approvals for their US$40 billion merger despite Chinese experts expressing doubt that authorities in Beijing will sign off on the deal. Speaking on Tuesday at the Arm DevSummit 2020 conference, Nvidia CEO Jensen Huang and Arm CEO Simon Segars said the acquisition would create a new platform to drive innovations in the age of artificial intelligence. “We are confident that it’s going to go through. Regulators around the world... https://www.scmp.com/tech/big-tech/article/3104504/nvidia-arm-ceos-confident-regulatory-approval-us40-billion-deal?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3104504/nvidia-arm-ceos-confident-regulatory-approval-us40-billion-deal?utm_source=rss_feed Wed, 07 Oct 2020 09:00:14 +0000 The next big thing for Hong Kong’s virtual banks is an expansion into wealth management as part of the “next phase” of their development, according to a group of top executives from the city’s newest crop of lenders. Speaking on a panel discussion on Tuesday as part of the Post’s “Redefining Hong Kong” series, Rockson Hsu, chief executive of ZA Bank, said the newest entrants to the city’s crowded banking landscape are focusing on deposits, payments, loans and cards for now. The series was hosted... https://www.scmp.com/business/banking-finance/article/3104469/next-big-thing-hong-kongs-virtual-banks-wealth-management?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3104469/next-big-thing-hong-kongs-virtual-banks-wealth-management?utm_source=rss_feed Wed, 07 Oct 2020 03:30:12 +0000 A House panel released a report proposing reforms to curb the power of the four largest US internet companies. Here are the main allegations: Apple The iPhone maker is a monopolist that uses its dominance to harm rivals and consumers, according to the report. The subcommittee argued that Apple’s cut of App Store purchases, typically 30 per cent, is “exorbitantly high,” and that it gives its apps priority in the App Store. Apple works to create high switching costs for users, producing a lock-in... https://www.scmp.com/tech/big-tech/article/3104461/key-antitrust-allegations-against-apple-amazon-google-and-facebook-us?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3104461/key-antitrust-allegations-against-apple-amazon-google-and-facebook-us?utm_source=rss_feed Wed, 07 Oct 2020 02:07:36 +0000 A new version of this story has been published. Click here to learn what you need to know about HarmonyOS 2. In early September, Huawei Technologies, the world’s biggest smartphone maker, announced that it was preparing to switch from Google’s widely-used Android operating system to Harmony OS for all of its smartphones next year. Here’s what you need to know about Huawei’s proprietary operating system (OS): What is Harmony OS? Harmony (known as Hongmeng in Chinese) is an OS that Huawei first... https://www.scmp.com/tech/gear/article/3104176/harmony-os-everything-you-need-know-about-huaweis-android-alternative?utm_source=rss_feed https://www.scmp.com/tech/gear/article/3104176/harmony-os-everything-you-need-know-about-huaweis-android-alternative?utm_source=rss_feed Wed, 07 Oct 2020 02:00:20 +0000 Two years ago I bought a ukulele on impulse, promising myself to master it. “How hard could it be?” I thought. The ukulele only has four strings compared to six on a regular guitar and is known for being easier for novices to pick up. But the group classes I signed up for proved to be a brutal reality check. Very quickly, I discovered I had no basic hand-eye coordination, and even my instructor’s patient efforts failed to pay off. “Put your third finger on the fourth string, second fret … And... https://www.scmp.com/tech/gear/article/3103782/xiaomi-backed-populele-taught-me-how-play-ukulele-when-real-music-teacher?utm_source=rss_feed https://www.scmp.com/tech/gear/article/3103782/xiaomi-backed-populele-taught-me-how-play-ukulele-when-real-music-teacher?utm_source=rss_feed Tue, 06 Oct 2020 02:00:17 +0000 Palantir Technologies fell 5 per cent from its opening trades in its debut as a public company, ending a 17-year tradition of secrecy surrounding the software business co-founded by Peter Thiel. The data analytics company’s share price fell to US$9.50 after opening on Wednesday at US$10 on the New York Stock Exchange. Palantir listed its shares directly on the exchange, rather than raising capital through an initial public offering. As in the three other major direct listings that have taken... https://www.scmp.com/tech/enterprises/article/3103774/billionaire-peter-thiels-secretive-data-mining-firm-palantir-slips?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/3103774/billionaire-peter-thiels-secretive-data-mining-firm-palantir-slips?utm_source=rss_feed Thu, 01 Oct 2020 02:14:10 +0000 Tesla plans to design and assemble new car models in Shanghai and Berlin, giving the offshore operational centres outside its Palo Alto, California head office more clout to offer electric cars that track more closely to local consumer preferences. Chief executive Elon Musk confirmed in a response to a tweet about the factories that Tesla was preparing to build two new and differing car models at the facilities. “Both will do original cars,” he said on Monday. The statement portends heated... https://www.scmp.com/business/companies/article/3103536/tesla-build-original-cars-shanghai-berlin-chinese-rivals-plot?utm_source=rss_feed https://www.scmp.com/business/companies/article/3103536/tesla-build-original-cars-shanghai-berlin-chinese-rivals-plot?utm_source=rss_feed Tue, 29 Sep 2020 11:45:09 +0000 Hello, this is Melissa Zhu from SCMP’s tech desk in Hong Kong with your Saturday morning round-up of this week’s biggest stories about China tech: more complications surrounding the US TikTok deal, Huawei’s chip supply situation and advancements that could pave the way for safer organ transplants from pigs to humans. An unpopular agreement The deal between ByteDance, Oracle and Walmart over TikTok’s US operations – pending approval from both the Trump administration and Beijing authorities – has... https://www.scmp.com/tech/apps-social/article/3103071/inside-china-tech-tiktok-deal-happening-or-not?utm_source=rss_feed https://www.scmp.com/tech/apps-social/article/3103071/inside-china-tech-tiktok-deal-happening-or-not?utm_source=rss_feed Fri, 25 Sep 2020 21:30:18 +0000 Tesla’s plan to produce lithium for electric vehicle batteries close to its Nevada Gigafactory faces stark challenges from the outset, including an onerous permitting process, uncertain access to water and questions about unproven methodologies. Chief executive officer Elon Musk told shareholders on Tuesday that Tesla has secured rights to 10,000 acres in Nevada where it aims to produce lithium from clay deposits using a process developed internally. The move would make Tesla the first company... https://www.scmp.com/tech/policy/article/3102791/teslas-nevada-plan-produce-lithium-clay-faces-stark-obstacles-path?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3102791/teslas-nevada-plan-produce-lithium-clay-faces-stark-obstacles-path?utm_source=rss_feed Thu, 24 Sep 2020 01:52:57 +0000 After marquee mobile game Romance of the Three Kingdoms: Strategy Edition hauled in 3.7 billion yuan (US$537 million) during the first half of the year, gaming - once a no-go area - has now become a key part of Alibaba Group Holding’s business. The e-commerce giant and China’s biggest cloud services provider is also launching its own cloud gaming platform to compete with Tencent Holdings, the world’s biggest games publisher by revenue, and NetEase. Alibaba told the Post on Monday that its gaming... https://www.scmp.com/tech/tech-leaders-and-founders/article/3102385/alibabas-romance-three-kingdoms-hit-sees-it-make?utm_source=rss_feed https://www.scmp.com/tech/tech-leaders-and-founders/article/3102385/alibabas-romance-three-kingdoms-hit-sees-it-make?utm_source=rss_feed Mon, 21 Sep 2020 12:15:09 +0000 On the eighth floor of one of Hong Kong’s most prestigious office towers, far from the madding street protests and coronavirus outbreak that imperilled the local economy, lies a hint of what the city’s future could be as a global financial centre. Here, Lukas Petrikas and a 20-strong team of data scientists, business analysts and software engineers are toiling away to imagine and redefine Asia’s financial hub, even as the Hong Kong stock exchange closes in on Nasdaq for the coveted 2020 crown as... https://www.scmp.com/business/companies/article/3102092/hong-kongs-stock-exchange-moon-shot-lab-imagines-how-technology?utm_source=rss_feed https://www.scmp.com/business/companies/article/3102092/hong-kongs-stock-exchange-moon-shot-lab-imagines-how-technology?utm_source=rss_feed Fri, 18 Sep 2020 22:00:11 +0000 The latest threat by the Trump administration to blacklist Semiconductor Manufacturing Industry Corporation (SMIC), China’s largest producer of silicon chips, will affect scores of customers and suppliers across the globe, as they get caught in the crossfire of a US-China technology war, fuelled by the worst bilateral relations in decades. The Trump administration is considering whether to add SMIC to a trade blacklist, which would force US suppliers to seek a difficult-to-obtain licence before... https://www.scmp.com/business/companies/article/3100428/explainer-asml-huawei-and-qualcomm-may-be-caught-crossfire-smic?utm_source=rss_feed https://www.scmp.com/business/companies/article/3100428/explainer-asml-huawei-and-qualcomm-may-be-caught-crossfire-smic?utm_source=rss_feed Sun, 06 Sep 2020 08:08:16 +0000