Sources paint a bleak picture for startup founders in China; IT Juzi report: only 1,202 startups were founded in the country in 2023 compared to 51,302 in 2018
Venture capital finance has dried up amid political and economic pressures, prompting a dramatic fall in new company formation X: @carnage4life , @tonytassell , @michaelxpettis , @eleanorolcott , @hsu...
Foxconn founder Terry Gou drops out of Taiwan's presidential race, saying “I choose to sacrifice myself for the greater good”
- Tech tycoon had languished in fourth place in opinion polls — Beijing signaled concern Gou would split China-friendly vote
Sources: Jack Ma remains active in deciding Alibaba's strategy and engineered the company's split from overseas, telling executives it would make Alibaba nimble
Wall Street Journal : Tweets: @newley and @jingyanghk Tweets: Newley Purnell / @newley : Jack Ma's return in recent days followed repeated outreaches over recent months from Beijing, through retired ...
Former TikTok and ByteDance staff say TikTok CEO Shou Zi Chew's power is limited, with ByteDance's founder and other executives making most decisions
Shou Zi Chew, TikTok's chief executive, is balancing how to be an autonomous leader while juggling the demands of the app's Chinese parent company. Tweets: @rmac18 , @niubi , @rmac18 , and @rmac18 Twe...
An interview with a Baidu robotaxi safety operator, who sits in the passenger seat and monitors how self-driving cars cope with Beijing's streets
Zeyi Yang / MIT Technology Review : Tweets: @hkanji , @baidu_inc , and @zeyiyang Tweets: Hussein Kanji / @hkanji : Robotaxi safety operator is an occupation that exists only in our time, the result o...
A profile of Andrew Yao, a China-born, Harvard-trained academic influencing China's AI plans via his computer science course at Beijing's Tsinghua University
Jane Zhang / Bloomberg :
China's tech crackdown, combined with a macroeconomic slowdown, has led to mass job cuts at its tech giants and record youth unemployment
Becky Sun has submitted her CV to 80 companies since being dismissed from a midsized Beijing internet group at the start of the year. Tweets: @rwmcmorrow and @adam_tooze Tweets: Ryan McMorrow / @rwmcm...
An in-depth look at Meta's ongoing battle to keep Facebook and Instagram relevant as TikTok's growth explodes, including encouraging creators to use Reels
Last year an Instagram representative contacted Justina Sharp, a 24-year-old with 93,000 followers, and asked for a meeting to discuss ways she could expand her audience. Tweets: @bradstone and @mattn...
Kuaishou's CEO Su Hua is stepping down, will remain chairman of the short-form video company; fellow co-founder Cheng Yixiao will be the new CEO
Kuaishou's Su Hua is only the latest Channel NewsAsia : China's Kuaishou says co-founder Su Hua to step down as chief executive South China Morning Post : Kuaishou CEO Su Hua becomes third Big Tech fo...
JD.com says founder and CEO Richard Liu will step back from day-to-day operations to focus on long-term strategy and names its first president
E-commerce company names its first president facing tougher competition, Beijing's regulatory crackdown — Chinese e-commerce group JD.com Inc. named … Source: JD.Com, Inc. .