Ant Financial reportedly preparing to IPO on Shanghai tech board

Alibaba’s financial arm Ant Financial is reportedly preparing for an initial public offering (IPO) on China’s new…


China aims to be 'country of innovators': science minister

Wang Zhigang, head of Ministry of Science and Technology (Image credit: MOST) As China pushes forward efforts to become…


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Baidu invests further in WM Motor to raise stakes in smart mobility

(Image credit: WM Motors) Electric vehicle maker Weltmeister Motor recently closed its RMB 3 billion (around $450…


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Briefing: Germany to tighten security on 5G equipment to avoid Huawei ban

Germany does not want to ban Huawei from 5G networks: Minister - Reuters What happened: On Thursday, German Economy…


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Briefing: Netease to close photo album platform in May

网易相册:停止新用户注册 5月8日停止运营 - TechWeb What happened: Online gaming giant Netease announced on Thursday it will shutter its…


Huawei accuses US of hacking, files suit over ban

Huawei press conference in Shenzhen on Mar. 7. (Image credit: Huawei) Chinese tech giant Huawei announced on Thursday…


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AI engineer the most popular job in China: report

Artificial intelligence (AI) graduates have become the most in-demand talent in China as the central government ramps…


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Edtech firm Hujiang lays off unknown number of employees

(Image credit: Hujiang) Online education firm Hujiang has laid off an unconfirmed number of employees amid other…


Pinduoduo sold RMB 65 billion in goods from anti-poverty program in 2018

Huang Zheng, founder and CEO of Pinduoduo, and Li Zilun, a fruit farmer from Panzhihua, a city in China's southwestern…


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China to slash mobile costs 30%, improve access to online services

The Great Hall of the People in Beijing (Image credit: Bigstock/BackyardProductions) Chinese Premier Li Keqiang…