TechNode talked to Da Fang, co-founder and chief scientist of QCraft on the developments of Chinese autonomous vehicles.
One of the biggest trends in China’s tech industry in recent years is that “Chinese entrepreneurs and startups are being born global,” said David Aikman.
In this episode, the guys are joined by tech founder and fintwit thread-weaver Ming Zhao, as they discuss the broader context of Evergrande’s growth and collapse.
The vicious price war among Chinese couriers has taken a toll on an industry that’s often referred to as the “backbone” of e-commerce.
Arm China, the Chinese branch of Arm Ltd., announced on Aug. 26 it is now an “independently operated and Chinese-controlled” company.
In this episode, the guys are joined for the second time by John Artman, tech editor at the South China Morning Post.
Emerge is TechNode’s annual conference about emerging trends in China tech. It presents a strategic and forward-looking view of China’s tech sector in English with voices from experts and representatives of leading companies.
Under intensifying regulatory pressure, Chinese tech giants are scrambling to show their willingness to operate and invest in compliance with the state’s broad goal of “common prosperity.”
Alibaba and Tencent are considering opening up their ecosystems to each other, under pressure from tightening antitrust regulations in China, the Wall Street Journal reported on Wednesday. The change could allow users to use Tencent’s WeChat Pay on Alibaba platforms and share links to Alibaba stores on Tencent’s WeChat, both previously not allowed. [The Wall Street Journal]
Chinese social commerce platform Xiaohongshu suspended plans to list in New York as Beijing tightens reviews on overseas IPOs, Bloomberg reported. The news comes shortly after Chinese fitness app Keep and podcast startup Himalaya called off US IPO plans. [KrAsia]
Meituan announced Tuesday that it has received an additional $400 million from Tencent. Tencent increased its share of the local services giant from 17% to 17.2%. Meituan will use the proceeds for technological innovations such as unmanned vehicles and delivery drones. [iFeng, in Chinese]
Meituan will cancel weekend work days starting this week for office workers at Meituan Youxuan, a grocery unit and the only one in Meituan that works every other Sunday, 36Kr reported Wednesday. The rest of the company works five days a week. Following Kuaishou and ByteDance, Meituan is the third Chinese tech giant to end the work schedule known as “big and small weeks” in the last month. [36Kr, in Chinese]
China’s top antitrust regulator said Tuesday it had “unconditionally approved” Tencent’s plan to take private Sogou, China’s second-largest search engine after Baidu. The blessing from the State Administration of Market Regulation sent Tencent’s shares in Hong Kong up 3.7% on Wednesday. The deal, valued at approximately $2 billion, was first announced in July 2020. [SAMR press release, in Chinese]