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.”
Most Chinese chip companies are spending about 18% of their revenue on R&D. That’s on par with the global norm. But since
Chinese electric vehicle maker Xpeng debuted on the Hong Kong exchange on Wednesday in a secondary listing. The US-listed firm issued 85 million Class A ordinary shares at a price of HK$165 (around $21.2) each. The IPO is a “dual primary listing,” meaning the firm will be subject to rules and oversight of both US and Hong Kong regulators. [CNBC]
Xpeng Motors said on Monday it has priced its shares at HK$165 ($21.2) apiece and expects to raise about HK$14 billion in its upcoming IPO. Listed in the US, Xpeng’s Hong Kong offer price represents a 52% discount on its New York closing price of $43.74 on July 2. The Alibaba-backed EV maker said it will use the funds to develop self-driving technologies and expand its product offerings. [Company statement, in Chinese]