Leading Chinese gaming firm NetEase will lose its 14-year publication rights partnership with Blizzard in January 2023, according to Blizzard Entertainment’s financial report for the third quarter of this year. The report noted that the partnerships in China contributed 3% of Activision Blizzard’s consolidated net revenues in 2021, but will now expire in early 2023 […]

TuSimple’s co-founder Chen Mo has gained control of the self-driving truck company after Hou Xiaodi, another co-founder and former chief executive, transferred the voting rights of his own shares to Chen, according to a securities filing on Tuesday. The move gives Chen voting power of 59% in the firm. The Nasdaq-listed company also announced that […]

Major Chinese phone vendor Honor saw changes in its shareholders on Wednesday, as leading Chinese display maker BOE took a share of the company, though the specific value of its stake has not been revealed. A representative of Honor told Chinese media outlet Securities Times later on Wednesday, that “The revenue, profit, and cash flow […]

ByteDance’s hugely popular short-video platform TikTok is developing “Project Texas,” an initiative to isolate the sensitive data of US users and make it available only to American staff, in an attempt to allay security concerns, TikTok CEO Shou Zi Chew told the Bloomberg New Economy Forum in Singapore on Nov. 16. In partnership with Oracle, […]

BYD said on Wednesday it had reached the notable milestone of 3 million electric vehicles produced, a number comparable to Tesla’s 3.2 million cars as of October. BYD is the first Chinese automaker to cross the 3 million mark. The Warren Buffett-backed EV giant has revealed that it also plans to set up a new […]

Chinese tech giant Tencent announced on Wednesday that it will divest more than 90% of its stake in food delivery giant Meituan to shareholders as a special dividend. The shares represent a total market value of approximately HK$159.4 billion ($20.4 billion), with Tencent’s holding in Meituan dropping to 1.5% from the current 17% once the […]

E-commerce giant JD is hoping to revive a Hong Kong listing for its fintech arm JD Technology as soon as the end of this year, Reuters reported on Tuesday, citing three sources familiar with the matter. The report added that the size of JD Technology’s IPO, which still needs approval from the Chinese regulator, has […]

ByteDance-owned short video platform TikTok has quietly launched an e-commerce feature in the US, with users now able to purchase products directly through the app via TikTok Shop. The feature was previously only available in the UK and seven Southeast Asian countries. According to TikTok Shop’s official website, companies registered in the US or individual […]