2022-09-06
Consumers in China are becoming more thrifty as the economic slowdown continues, dragging down the growth of the world's largest e-commerce market https://www.wsj.com/...
Wall Street Journal
As Chinese consumers become thriftier amid an economic slowdown, Insider Intelligence forecasts a 9.1% increase in 2022 e-commerce sales, the lowest since 2008
Shen Lu / Wall Street Journal :
2022-06-10
Some of TSMC's customers, received warnings that the company might not be able to increase production next year and in 2024 as quickly as hoped https://www.wsj.com/...
Wall Street Journal
TSMC and Samsung are grappling with a manufacturing equipment shortage; analyst: shortfalls of the most advanced chips could be as high as 20% by 2024 and later
Wall Street Journal :
2022-03-25
All of Alibaba's local Russian partners or their leaders in the joint venture with AliExpress have been sanctioned by the West—but those sanctions are opposed by Beijing. Unlike many of its Western peers, Alibaba hasn't taken a public stance on the war. https://www.wsj.com/...
Wall Street Journal
Sources: Alibaba doesn't plan to exit Russia, despite sanctions on AliExpress Russia partners and lower orders due to shipping delays and the depreciating ruble
2021-08-31
Meituan warned that it may have to make changes to its business practices as a result of an investigation by China's antitrust regulator and that it could have to pay significant fines https://www.wsj.com/...
Wall Street Journal
Chinese food delivery giant Meituan reported a third consecutive loss of $519M in Q2, compared to a $341M profit last year, while revenue rose 77% YoY to $6.8B
Chong Koh Ping / Wall Street Journal :
2021-08-27
In recent weeks, officials from China's stock regulator have told some companies and international investors that new rules would prohibit internet firms holding a swath of user-related data from listing abroad, people familiar with the matter said https://www.wsj.com/...
Wall Street Journal
Sources: China plans to propose rules that would ban companies with large amounts of sensitive consumer data from going public in the US
China's stock regulator plans to propose new rules that could thwart internet companies' plans to list in the U.S. — SINGAPORE—China plans to propose …
2021-08-23
Jack Ma failed to keep pace with Beijing's shifting views and lost an appreciation for the risks of falling out of step, according to people who know him. He tuned out warnings for years, they said. He behaved too much like an American entrepreneur. https://www.wsj.com/...
Wall Street Journal
Sources detail how Jack Ma's relationship with China's leadership soured, as he failed to keep up with Beijing's shifting views and tuned out warnings for years
2021-07-05
A unit of China's cybersecurity regulator launched data-security reviews of apps operated by two more U.S.-listed Chinese companies, days after announcing a similar probe of Didi https://www.wsj.com/...?
Bloomberg
Just days after Didi's NYSE debut, Chinese regulators mandate app stores ban Didi Chuxing app, alleging violations in its collection and usage of personal info
- Internet watchdog asks operators to remove ride-hailing app — The surprise ban comes days after Didi's New York debut
A unit of China's cybersecurity regulator launched data-security reviews of apps operated by two more U.S.-listed Chinese companies, days after announcing a similar probe of Didi https://www.wsj.com/...?
Wall Street Journal
China launches probes into truck hailing apps from Full Truck Alliance and an online recruiting app from Kanzhun, both Chinese firms listed on NYSE and Nasdaq
Reviews follow a similar move against ride-hailing giant Didi — A unit of China's cybersecurity regulator launched data-security reviews …
2021-06-21
Chips from Taiwan's TSMC are everywhere, though most consumers don't know it. Geopolitical tensions and a major chip shortage leave everyone vulnerable, @yoyominnie, @stephanieayang and @asafitch report . https://www.wsj.com/...
Wall Street Journal
Analysts say the dominance of TSMC, which makes ~92% of the world's most sophisticated chips and 60% of chips used in cars, poses risks to the global economy
an industry that happens to be one of the world's most critical. A deep-dive on how it happened, and what it all means. @yoyominnie @StephanieAYang @asafitch https://www.wsj.com/.....
2021-06-17
Tiktok owner ByteDance told employees that its revenue last year more than doubled to $34.3 billion, underscoring why it is one of the world's hottest startups, @lizalinwsj reports https://www.wsj.com/...
Wall Street Journal
Leaked memo: ByteDance says its annual revenue in 2020 grew 111% YoY to $34.3B, while gross profit rose 93% YoY to $19B
ByteDance's gross profit rose 93% to $19 billion last year, according to a memo to staff — ByteDance Ltd., the owner of popular short-video app TikTok …
2021-06-11
Didi could fetch a valuation upward of $70 billion, people familiar with the matter said https://www.wsj.com/...
Axios
Chinese ride-hail company Didi Chuxing files for a US IPO, reports a $1.7B loss on $21.6B in revenue for 2020
Chinese ride-hail company Didi Chuxing filed for an initial public offering on Thursday. — Why it matters: Didi is not only known as the Uber of China, but actually beat Uber …
2021-06-10
Biden's order doesn't target any companies specifically but creates the potential for an even broader crackdown on Chinese-owned apps than the Trump administration orders it replaces @johndmckinnon and @learyreports report https://www.wsj.com/...
The Verge
Biden signs an EO revoking the Trump-era bans on TikTok and WeChat and says his commerce secretary will investigate any risks to national security and privacy
But the apps still aren't out of hot water — President Joe Biden signed an executive order Wednesday revoking the Trump-era bans on TikTok and WeChat.
2021-03-30
Heard on the Street: Beijing is spending vast sums on the semiconductor sector following Huawei's problems, but private-sector companies also have a big incentive to invest, @jackycwong writes https://www.wsj.com/...
Wall Street Journal
Report: VCs and PE firms invested in 403 Chinese semiconductor-related companies in 2020, a 47% rise from 2019
2020-08-26
Jack Ma's Ant Group filed for its blockbuster IPOs in Hong Kong and Shanghai, disclosing more than one billion annual active users of its Alipay app https://www.wsj.com/...
MIT Technology Review
Human rights advocates file a court petition against Israeli phone hacking firm Cellebrite to stop exports to Hong Kong, say tools are used against dissidents
Patrick O'Neill / MIT Technology Review :
2020-08-25
Jack Ma's Ant Group filed for its blockbuster IPOs in Hong Kong and Shanghai, disclosing more than one billion annual active users of its Alipay app https://www.wsj.com/...
CNBC
Ant Group files for IPO in Hong Kong and Shanghai, reporting $3.2B profit in H1 2020, up 1,000% YoY, and revenue of $10.48B, up 38% YoY
- Ant Group, which is still controlled by Alibaba founder Jack Ma, reported a more than 1,000% jump in profits in the first half of 2020 from the same period last year.