Tencent makes major investment in Swedish horror game startup
The Shenzhen-based tech giant continues to snap up game developers around the globe with a major investment in a startup Swedish gaming company.
Business & Technology
Chinese companies going global. Global companies capitalizing on the size and growth of the China market. State-owned enterprises. Policy-based state investment. Startup unicorns with Chinese characteristics. There is no shortage of business stories to tell in China.
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WeChat for kids is here, but is it just PR?
While most reactions to the new feature were positive, some critics raised questions about whether tech companies should blatantly target children as users. Others argued that “WeChat for kids” is just a publicity stunt, given that it’s an optional feature rather than a strict ban on underage users.
SMIC shares fall again after warning on U.S. sanctions
China’s biggest and most advanced chipmaker warns of “adverse effects” from U.S. export restrictions.
Why the U.S. should pay attention to China’s draft Data Security Law
Earlier this year, China proposed a new data security law that, if passed, could position it as a global leader in data regulation.
Chinese-owned Arabic social media app Yalla IPOs
The Chinese-owned company behind a voice-based social media app listed on the NYSE this week. What’s unusual about the app? Its market is the Middle East, and its most popular language is Arabic.
Ruipeng Pet Healthcare gets hundreds of millions from Tencent and others
A veterinary clinic and pet care chain just got a boatload of money for expansion and stands a chance of becoming a dominant player in China’s booming pet care industry.
Will China target Google? Is it revenge for Huawei and TikTok?
China could pursue an antitrust investigation into Google’s use of its Android operating system as soon as October, according to Reuters. The move would come after the Trump administration’s attacks on TikTok, WeChat, Huawei, and SMIC.
Chinese internet companies Sina and Sogou quit Wall Street as tensions rise
Weibo owner Sina and search firm Sogou have announced they will go private and leave the Nasdaq and New York Stock Exchange, respectively. They are joining a collection of Chinese companies determined to rely less on U.S. markets as political tensions rise.
SMIC shares plunge after U.S. announces new export restrictions
The U.S. has slapped new limits on exports to China’s biggest chipmaker, citing the danger of military use of the company’s products.