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The Latest Breaking News on China tech

Shanghai Composite Index Fell 0.26% on Wednesday

Shenzhen Component Index closed down 0.47%

Caixin Global

Tencent acquiring majority of shares in Dying Light developer Techland

Tencent is becoming the majority shareholder in Dying Light developer Techland.

Windows Central

Shanghai Composite Index Fell 0.11% on Monday

Shenzhen Component Index closed down 0.58%

Caixin Global

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Chinese e-commerce giant Alibaba says it will not sell shares in Ant's buyback program

Chinese e-commerce giant Alibaba has said it will not sell any shares in its one-third shareholding in financial technology company Ant Group Co_ because it wants to retain its stake in an “important strategic partner.”

The Independent UK

WeChat Lets Users Link Overseas Cards for Everyday Payments in China

Tencent’s ubiquitous platform now allows people from overseas with certain international bank cards to access tens of millions of merchants

Caixin Global

Shanghai Composite Index Fell 0.92% on Thursday

Shenzhen Component Index closed down 1.06%

Caixin Global

Fast fashion giant Temu accuses Shein of starting ‘war’ over US markets

Standoff between Chinese ultra-fast fashion brands escalates with lawsuit claiming Shein created exclusive manufacturing contracts

The Guardian - US

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Chinese e-retailer Temu files lawsuit in US against rival Shein, alleging antitrust violations

Chinese e-commerce retailer Temu has filed a lawsuit accusing its rival Shein of violating U.S. antitrust law by blocking clothing manufacturers from working with Temu

The Independent UK

Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed down 0.37%

Caixin Global

Chinese livestreamers set their sights on TikTok sales to shoppers in the US and Europe

Chinese livestreamers have set their sights on selling to TikTok shoppers in the U.S. and Europe

The Independent UK

China's YMTC Starts Producing Mysterious New Memory, Ups 3D NAND Prices

Despite the market downturn, YMTC ups 3D NAND prices in China.

Tom’s Hardware

Shanghai Composite Index Fell 0.37% on Tuesday

Shenzhen Component Index closed down 0.34%

Caixin Global

Shein steals artists' designs, a federal racketeering lawsuit says

Three artists are accusing the e-commerce giant of selling exact copies of their designs on its website. Shein has faced similar accusations before.

WEKU

Chinese Govt. Funds CUDA-Compatible GPU Startup to Compete Against Nvidia

Chinese government funds a domestic GPU designer to develop GPUs that will leverage Nvidia's CUDA.

Tom’s Hardware

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StockNews.com

Should Investors Buy or Sell Alibaba Group Holding (BABA)?

While Chinese tech conglomerate Alibaba (BABA) witnessed signs of recovery across its businesses this year following the nation’s reopening and easing regulatory measures, the recovery appears uneven as the company missed fourth-quarter revenue expectations. So, should investors buy or hold this tech stock? Read more to find out….

Caixin Global

Shanghai Composite Index Fell 0.78% on Wednesday

Shenzhen Component Index closed down 0.99%

Android Central

Mix Fold 3 aims to launch against Galaxy Z Fold 5 only in China

Xiaomi makes some exceptional phones, and foldables are among them, but the latter don't usually see a global launch; the third iteration seems to fall in the same path.

Caixin Global

Shanghai Composite Index Rose 0.22% on Monday

Shenzhen Component Index closed up 0.5%

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news in one place.

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The Times of India

Ant to buy back shares at 70% lower valuation than at IPO

Jack Ma-backed Ant Group Co is proposing to buy back as much as 7.6% of shares in an effort to retain talent and offer an exit for investors ensnared by a years-long regulatory crackdown at the company.

Bangkok Post

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Caixin Global

Shanghai Composite Index Fell 0.28% on Friday

Shenzhen Component Index closed down 0.73%

Zenger

US Set To Restrict China’s Access To Cloud Computing Services From Amazon, Microsoft

China's access to the Microsft and Amazon will be limited as the U.S. see Chinese techologies as national security concerns.

Zenger

Meta’s China Return Hits Roadblocks Over CEO’s Image And Censorship Worries

Meta's attempt to re-enter China faces challenges due to CEO's non-friendly image and concerns over censorship rules.

Caixin Global

Shanghai Composite Index Rose 1.31% on Monday

Shenzhen Component Index closed up 0.59%

WEKU

Shein invited influencers on an all-expenses-paid trip. Here's why people are livid

After a recent trip to some of the company's facilities in Guangzhou, China, young tastemakers fawned over happy employees and sweat-free working conditions. Now the influencers are facing a backlash.

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