Around 30 people were laid off after Kuaishou Technology disbanded its video gaming studio in Beijing.
Indonesia has offered the island of Bali and the nation’s new capital Nusantara as potential locations for Microsoft’s new research facility and data centre.
The world’s largest memory chip maker posted better-than-expected net income that is more than four times the company’s earnings a year earlier.
Across 16 sectors, artificial intelligence unicorns are the highest valued, at an average of US$6.76 billion, followed by financial technology firms at US$6.57 billion.
King Yuan Electronics Co, one of the world’s largest chip testing and packaging services firms, has divested its entire stake in a subsidiary at manufacturing hub Suzhou in eastern China.
The owner of TikTok and its Chinese sibling Douyin has internally disclosed 61 misconduct cases involving employees who were fired or charged by authorities.
The US carmaker has passed a test of its compliance with Beijing’s data security rules thanks to a watershed decision it says could pave the way for the removal of some restrictions on the use of its cars in mainland China.
Huawei’s new Pura 70 smartphones, powered by a chip designed by its in-house unit HiSilicon, are set to help the Shenzhen-based tech champion regain the top position in China’s smartphone market.
Billionaire Elon Musk flew into Beijing on Sunday, meeting Premier Li Qiang and hoping to bring Tesla’s autonomous driving technology to China amid intensified competition with local electric vehicle makers.
This was the smallest batch of video games approved so far this year by regulator the National Press and Publication Administration.
AeroHT, an affiliate of Chinese electric vehicle maker Xpeng, has started the countdown for the commercialisation of its flying car and plans to start taking pre-orders in the fourth quarter of this year.
The privately held social media giant has rejected a report that said it was ‘exploring scenarios’ to sell a majority stake in TikTok’s US operations.
Meituan’s foray into Riyadh marks the Beijing-based company’s first overseas expansion amid slowing growth in its home market.
Henan, home to the world’s largest iPhone factory, saw smartphone exports reach 6.65 million units in the first quarter, down 60.1 per cent from the same period last year.
The app’s algorithms are deemed too important to the Chinese parent company, making a sale to an American buyer highly unlikely.
Chinese electric vehicle start-up Xpeng said its partnership with AI chip supplier Nvidia has not been affected by tighter US trade sanctions, but it will keep its options open with local suppliers.
ByteDance-owned TikTok is set to pursue legal action challenging the constitutionality of the measure, which US President Joe Biden has signed into law.
Apple is still No 1 in China’s premium segment, which consists of handsets priced over US$600, but it is losing market share to Honor and Huawei, according to IDC.
The Chinese tech giant already counts more than 100 carmakers and various automotive industry players as partners.
Chew Shou Zi, chief executive of the popular app, says the platform will continue to operate as it challenges the new legislation in court.
SenseTime’s shares gained as much as 36 per cent after the company launched the latest iteration of its SenseNova large language model.