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China now has a plan to ship over 25m VR devices by 2026
China has released its first action plan to ship more than 25 million virtual, augmented and mixed reality devices with a value exceeding $48 billion by 2026. Read more…
China
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Why is Microsoft stockpiling Chinese video games?
Microsoft is stocking up on Chinese video game content, solidifying China’s transition from a land only of players to a hub of blockbuster developers. Read more…
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Temasek’s Vertex to raise $500m for new China tech fund
VC firm Vertex Ventures is set to raise nearly $500 million for a new fund that will invest in efforts to step up China’s domestic tech development. Read more…
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Xi doubles down on self-reliance in tech development
President Xi Jinping’s call for China to “win the battle” in core technologies could signal an overhaul in Beijing’s approach to advancing its tech industry. Read more…
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New Chinese fund cleared to invest in Korean chip firms
China’s securities regulator has given the greenlight to Huatai-PineBridge, the country’s first mutual fund targeting top Chinese and South Korean chipmakers. Read more…
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Vietnam could take the ‘global tech hub’ crown from China
As more businesses turn away from China, could Vietnam be in line to take over as the world’s leading manufacturing hub? Experts say it has a good shot. Read more…
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China completes cross-border trial of its digital currency
The Bank for International Settlements says it has completed a CBDC trial focused on cross-border transactions between China, Hong Kong, Thailand and the UAE. Read more…
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China Unicom, Pacific Networks make FCC security threat list
The FCC names Pacific Networks, its subsidiary ComNet (USA) and China Unicom (Americas) as threats to US national security. They’re already banned from the US. Read more…
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Shopee spree continues with layoffs in China and Indonesia
Shopee is cutting jobs in China, Indonesia and elsewhere as Sea Ltd struggles to reassure investors it can achieve self-sufficiency within 18 months. Read more…
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Tesla is rethinking how to sell its electric cars in China
Tesla is reevaluating the way it sells electric cars in China and considering closing some showrooms in flashy malls in cities like Beijing. Read more…
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Google looks to shift some Pixel production out of China
Google is exploring the possibility of moving some production of its Pixel smartphones from China to India amid Covid-19 lockdowns and US-China tensions. Read more…
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Twitter told by FBI it was employing Chinese agent
Peiter “Mudge” Zatko testifies that some Twitter employees were concerned the Chinese government would be able to collect data on the company’s users. Read more…
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Twitter is making big money from China despite ban
Twitter is banned in China, yet local authorities are splurging on global advertising on the site, making China Twitter’s fastest-growing overseas ad market. Read more…
Views
China quest for chip independence is fading out of reach
The US clampdown on AI chip sales to China has reignited the debate: can China become independent on semiconductors? The evidence says it’s unlikely. Read more…
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Chinese automakers need a license to collect mapping data
China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles. Read more…
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SMIC moves ahead to build new $7.5 billion fab in Tianjin
SMIC signs a framework agreement to invest $7.5 billion for a new fab in Tianjin with a production capacity of 100,000 12-inch wafers per month. Read more…
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Baidu has a quantum computer now, and it’s ready to use
Baidu has revealed its first quantum computer, called “Qianshi”, with a 10-qubit processor. Baidu also says it’s ready to make it available to external users. Read more…
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Huawei must shift focus to survive recession, founder says
Huawei founder Ren Zhengfei told employees the company must shift its focus from pursuing scale to ensuring profits and cash flow as a global recession looms. Read more…
Views
Google’s quantum computer skunked by ordinary algorithm
Three years ago, Google’s Sycamore quantum computer solved a problem no ordinary computer could do. Now an ordinary computer has in fact done it. Read more…
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China cyberspace watchdog wants ‘affectionate’ relationships
China’s cyberspace watchdog wants to build an “affectionate” relationship between internet enterprises and the government a senior official said. Read more…