tech giants Archives

Xiaomi Co-Founder Steps Down as Chairman of Financial Arm

Xiaomi recently announced in an internal email that it appointed Alain Lam, vice president and CFO of the group, to serve as the chairman of Airstar Digital Technology, the financial arm of the group.

Alibaba Kicks Off Annual Philanthropy Event With New Interaction Channels

Alibaba Group started its sixth annual Philanthropy Week on Tuesday with a series of online and offline initiatives across its businesses and new ways for the public to participate.

Tencent Responds to Reports of $14.5B Stock Divestment Plan

After Tencent clarified rumors that it will sell all or most of its shares in Meituan, there are now market reports that the Shenzhen-based tech giant plans to reduce its stock investments in listed companies by 100 billion yuan ($14.49 billion) this year.

TikTok Parent ByteDance Says No Plans to Go Public

On August 31, Beijing-based tech company ByteDance held an All Hands staff meeting event. During the more than one-hour event, management responded to many problems and challenges facing ByteDance at present.

Tencent Granted Approval for Innovative Medical Device

China's National Medical Products Administration granted approval on August 31 to Tencent Healthcare (Shenzhen) Co., Ltd. for the registration of its innovative medical device.

Alibaba Cloud Launches World’s Largest Intelligent Computing Center

On August 30, Alibaba Cloud announced the official launch of its Zhangbei Super Intelligent Computing Center, with a total construction scale of 12 EFLOPS AI computing power, which will surpass Google's 9 EFLOPS and Tesla's 1.8 EFLOPS.

Huawei Founder Emphasizes “Survival” Amid Economic Challenges

Huawei's internal forum published an article on August 22 about the whole company's business policy changing from pursuing scale to pursuing profit and cash flow.

Tencent’s Q2 Disclosure a Mixed Blessing, Hoping to Defy Gravity in Shaky Market

Chinese internet giant Tencent logged its first-ever quarterly revenue fall along with declining net profit for the fourth consecutive quarter, according to its second-quarter 2022 results released on August 17.

Alibaba Appoints Two Independent Directors To Further Enhance Corporate Governance

Alibaba announced on August 4 that Irene Yun-Lien Lee, Chairman of Hysan Development Company Limited, and Albert Kong Ping Ng, former Chairman of Ernst & Young China, were appointed as independent directors to the company's board.

Alibaba Pursues Primary Listing on Hong Kong Stock Exchange

Alibaba Group announced on July 26 that its board of directors has authorized the company’s management to apply for a primary listing on the Main Board of the Hong Kong Stock Exchange (HKEx).

Alibaba Opens Classes for 631 Asian Entrepreneurs

On July 12, the Alibaba 2022 Asian Entrepreneur Training started in Hangzhou, Zhejiang Province, China. This program provides online entrepreneurship courses and practice for 631 participants.

First Huawei Smart Screen With HarmonyOS 3.0 Exposed

News leaked on July 14 that Huawei has scheduled a press conference for July 27, during which it will release many new products, including its first smart screen with HarmonyOS 3.0.

Senior Executive of Huawei’s Intelligent Vehicle Business Resigns

Chen Yilun, the chief architect of the Intelligent Driving Product Department of Huawei’s Intelligent Vehicle Solutions Division, has recently resigned.

State Power Investment Corporation Limited and Alibaba Reach Agreement

On July 5, State Power Investment Corporation Limited (SPIC) and Alibaba Group signed a strategic cooperation agreement along with eight implementation agreements.

Tencent Announces Job Changes for Two VPs

Tencent sent out an internal email on Thursday announcing that due to business needs, Cheng Wu and Lai Zhiming will no longer serve as Vice President and other executive positions.

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