Tag: china
ByteDance is cutting jobs in India amid prolonged TikTok ban
Chinese internet giant ByteDance has told employees in India that it is reducing the size of its team in the country after New Delhi retained ban on TikTok and other Chinese apps last week, a source familiar with the matter told TechCrunch. The company, which employs more than 2,000 people…
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Didi to subsidize trips for vaccinations with $10M global fund
As countries around the world prepare to vaccinate people against the coronavirus, tech companies are rushing to demonstrate their willingness to help fight the deadly virus. China’s ride-hailing leader Didi Chuxing is pledging a $10 million fund to support COVID-19 vaccination efforts in 13 markets outside its home country China,…
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China’s draft payments rules put Ant, Tencent on notice
A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Chinese authorities sent another message this week signaling its plan…
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Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy
Esports “total solutions provider” VSPN (Versus Programming Network) has closed a $60 million Series B+ funding round, joined by Prospect Avenue Capital (PAC), Guotai Junan International and Nan Fung Group. VSPN facilitates esports competitions in China, which is a massive industry and has expanded into related areas such as esports…
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Decrypted: With more SolarWinds fallout, Biden picks his cybersecurity team
All change in the capital as the Biden administration takes charge, and thankfully without a hitch (or violence) after the attempted insurrection two weeks earlier. In this week’s Decrypted, we look at the ongoing fallout from the SolarWinds breach and who the incoming president wants to lead the path to…
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Alibaba shares jump on Jack Ma’s first appearance in 3 months
Alibaba’s billionaire founder resurfaced as he spoke to 100 rural teachers through a video call, three months after his last public appearance in October, sending the e-commerce firm’s shares up more than 8% in Hong Kong. A recording of the call was first posted on a news portal backed by…
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