Meituan Becomes No. 2 Hong Kong Food Service Months After Debut

[ad_1] Meituan has become Hong Kong’s second-largest food delivery platform since debuting in the city last May, a sign that splashy subsidies are boosting the company’s first major foray outside…

Tencent loses over $43 billion in market value after China proposes new online gaming rules

[ad_1] Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The…

Alibaba Shares Surge After Historic Overhaul Heralds IPO Wave

[ad_1] Alibaba Group Holding Ltd.’s US shares closed 14.3% higher after China’s online commerce leader announced plans to split its $220 billion empire into six business units, a major restructuring…

Japanese tech giant Rakuten plans to launch proprietary AI model within next two months

[ad_1] The logo of Japanese tech giant Rakuten logo seen at the Mobile World Congress 2019. Paco Freire| SOPA Images | LightRocket via Getty Images Japan’s Rakuten plans to launch…

Sea’s Path to Profit Paved With Layoffs, Single-Ply Toilet Paper

[ad_1] Singapore’s Sea Banned Business-Class Flights, Luxury Perks to Cut Costs  Bloomberg [ad_2] Source link

Microsoft’s president meets with the Chinese government to discuss A.I. co-operation

[ad_1] Microsoft CEO Brad Smith participates in a meeting at The Westin Palace Hotel, on 20 May, 2022 in Madrid, Spain. Cezaro De Luca | Europa Press | Getty Images…

TikTok owner ByteDance axes hundreds of jobs in gaming unit as it scales back ambition

[ad_1] Sheldon Cooper | LightRocket | Getty Images TikTok parent company ByteDance is cutting hundreds of jobs in its gaming division, a person familiar with the matter told CNBC, marking…

Alibaba Shock Move Casts Fresh Pall Over China Tech

[ad_1] The shocking decision by Alibaba Group Holding Ltd. to cancel the spinoff of its cloud division is offering a fresh reason for investors to sell China tech stocks in…

China Asks Tech Giants to Showcase Investments in Sign of Easing

[ad_1] China has asked its largest technology companies to provide case studies of their most successful startup investments in consumer, telecom and media companies, a sign authorities are ready to…

Huawei, Tencent among top cybersecurity patent holders as China fosters own tech, report says

[ad_1] A Chinese flag flies outside a residential compound in Beijing on April 30, 2017. Greg Baker | Afp | Getty Images Chinese companies have gained ground in global patent…