Alibaba Cloud debut its cloud computer in Singapore

Alibaba Cloud, a Chinese cloud computing company, has debuted its cloud computer in Singapore, which eliminates the need for expensive desktop hardware to conduct compute-intensive operations.

The palm-sized computer, dubbed Wuying, weighs just 60g and is powered by Alibaba's Elasti...

China to Build Complete Tech Industry in the Country

China boasts of one of the largest economies in the world. However, the Asian country has not been able to fully support the technology industry. Chinese factories manufacture computers, cars, and smartphones but are dependent on imports for parts such as computer processors or chips. 

Chinese regulators fine tech giants over anti-monopoly violations

Chinese tech giants Alibaba Group and Tencent Holdings were fined as they failed to report corporate acquisitions. The State Administration for Market Regulation said that the companies have failed to report 43 acquisitions, occurred around eight years ago under rules on "operating concentra...

China's Singles' Day shopping festival tonned down this year

China's biggest online shopping day also known as "Singles' Day" has been tonned down this year as President Xi Jinping pushes for common prosperity and Chinese regulators are cracking down on the technology industry.

Highlights

• China...

ALIBABA EXPECTS NO MATERIAL IMPACT AFTER BEING FINED $2.75 BILLION

Highlights –

• Alibaba expects no material impact after being fined $2.75 billion.
• Alibaba was fined by China’s antitrust regulator for abusing market dominance.
• Alibaba Group Holdings Ltd shares rose as much as 9% in Hong Kong tr...

CHINA’S ENERGY MONSTER STARTUP COMPANY ENTANGLED IN OWNERSHIP DISPUTE

Highlights –

• China’s Energy Monster startup company entangled in ownership dispute.
• The company is backed by Alibaba and SoftBank.
• The ownership dispite could cloud a Nasdaq flotation.
• Two Shanghai-based venture capit...

11 CHINESE TECHNOLOGY COMPANIES SUMMONED ON USE OF ‘DEEPFAKE’ TECHNOLOGIES

Highlights –

• 11 Chinese technology companies summoned on use of ‘deepfake’ technologies.
• Alibaba Group, Tencent and ByteDance are among the companies summoned by Chinese regulators.
• Deepfakes are said to use artificial int...

CHINA’S PINDUODUO E-COMMERCE FIRM REPORTS A 146% SURGE IN QUARTERLY REVENUE

Highlights –

• China’s Pinduoduo e-commerce firm reports a 146% surge in quarterly revenue.
• The company reported 788.4 million annual active buyers until the end of 2020.
• The company’s shares fell by 9% in pretrade activity ...

GLOBAL INVESTORS VALUE ANT GROUP AT OVER $200 BILLION AFTER HALTING IPO

Highlights –

• Global investors value Ant Group at over $200 billion after halting IPO.
• The amount is said to be third above Ant’s valuation after its fundraising in 2018.
• Ant’s business was affected a little by regulatory s...

CHINESE ANTITRUST REGULATORS LIKELY TO LEVY ALIBABA GROUP’S ON RECORD FINE

Highlights –

• Chinese antitrust regulator's likely to levy Alibaba Group’s on record fine.
• The fine is likely to surpass $975 million, an amount paid by Qualcomm in 2015.
• Chinese regulators have been stinging criticism on Jac...

CHINA TO DOLE OUT $1.5 MILLION IN A DIGITAL CURRENCY PILOT RUN DURING LUNAR NEW YEAR

• Beijing will dole out about $1.5 million in a limited trial run of the central bank’s digital currency, as told by the municipal government over the weekend.
• A sum total of 10 million yuan will be handed out through about 50,000 packets of 200 yuan, or about $30, each.

JACK MA OVERLOOKED FOR CHINA STATE MEDIA’S COMPILATION OF TECH STALWARTS

• Jack Ma was clearly missing from a list of China's entrepreneurial stalwarts published by state media Tuesday, underlining how the iconic Alibaba co-founder has fallen on the wrong side of Beijing.
• Ma, once idolized at home for creating some of his country's largest cor...

INDIA PUTS PAID TO 59 CHINESE APPS INCLUDING BYTE DANCE’S TIK TOK AND TENCENT’S WECHAT

• On Jan.25, India’s Ministry of Electronics and Information Technology conclusively paid put to 59 Chinese applications, including ByteDance’s Tik Tok, Tencent’s WeChat, Baidu, Alibaba’s UC Browser, digital e-commerce app Club Factory, Xiaomi’s Mi Video Call, ...

ARE CHINA’S TYCOONS OUT OF LEAGUE WITH THE REST?

• One day you are right on top of the world, next day you are down in the dumps!  China’s billionaire rankings are as finicky as ever. In 2017,
• Hui Ka Yan, founder of real estate developer China Evergrande Group, was the nation’s most opulent man.

BITCOIN: FROM NOTHING TO AS MUCH AS FACEBOOK

Highlights: 

• Bitcoin started-off from zero
• Though unregulated and decentralized it is worth $36,000 today.

The journey of Bitcoin has been amazing. What started as open-source software, nothing worth of value in 2009 is today a $36,000 worth. It...

CHINA’S BAIDU AND GEELY’S MERGER TO ROLLOUT WITH SMART CARS

• Baidu will hone in with smart driving dynamics while Geely will offer design and manufacturing saliency.
• Geely is a pioneer in china’s automobile industry, and also is proprietor of Volvo and owns a stake in Mercedes-Benz owner Daimler.

The two companies...

TOKYO STOCKS END FLAT ON FRIDAY WITH INVESTORS AWAY FOR CHRISTMAS HOLIDAYS

Highlights –

• Tokyo stocks end flat on Friday with investors away for Christmas holidays.
• The 225-issue Nikkei Stock Average ended down at 11.74 points.
• The Topix index of all First Section issues on the TSE ended at 4.14 points.
...

CHINA INVESTIGATES MONOPOLISTIC PRACTICES AT ALIBABA

Highlights –

• China investigates monopolistic practices at Alibaba.
• China’s top antitrust watchdog summoned affiliate Ant to a high-level meeting over financial regulations.
• China is said to have separately set up a joint task f...

TRUMP SIGNS LEGISLATION THAT COULD DELIST CHINESE COMPANIES FROM US STOCK EXCHANGES

Highlights

• President Trump on Friday signed a bill that would delist Chinese companies from the stock exchanges in the US if they fail to adhere to American auditing standards

• As per this new act, all public companies will have to disclose whether they are owned ...

ANT GROUP IPO FALLS FROM GRACE WITH SUSPENSION WRITTEN IN BOLD LETTERS

• The Shanghai stock exchange has restricted Ant Group's A-share IPO on its STAR Market, which was previously marked for Thursday, the Chinese exchange said on Tuesday.
• Ant Group has of late reported to China's securities regulator about the significant changes in the reg...