The Latest from Rita Liao
China lays out official stance on trade talks with U.S.
On Sunday, China released a comprehensive white paper to formalize its positions on trade negotiations with the U.S. The set of statements come as the trade war escalates and Beijing threatens to hit
Science publisher IEEE bans Huawei but says trade rules will have ‘minimal impact’ on members
The IEEE’s ban on Huawei following new trade restrictions in the United States has sent shock waves through global academic circles. The organization responded saying the impact of the trade pol
Easy Transfer processes billions of dollars in tuition for overseas Chinese students
For a founder building a consumer-facing business, overseas Chinese students might just be one of the most coveted targets: they’re young, well-educated and have access to the “bank”
China’s used-car marketplace Uxin to raise $230M via convertible notes
Uxin, a Chinese second-hand car dealer with Leonardo DiCaprio as its latest brand ambassador, is tipped to get a bag of new funding less than a year after it raised $225 million from its public offer
Alibaba reportedly mulling to raise $20B through a second listing in Hong Kong
Massive news just dropped for Hong Kong’s capital markets. Alibaba, one of the world’s largest tech companies, is considering raising $20 billion through a second listing in Hong Kong, Blo
TikTok parent Bytedance is reportedly working on its own smartphone
It’s been a busy couple of months for Bytedance, one of the world’s most valuable startups and the operator of globally popular video app TikTok. The Beijing-based company has continued to
Amazon finally supports Traditional Chinese books on Kindle
A long-awaited service for readers in Taiwan, Hong Kong, Macau and some other overseas Chinese communities have finally come true: Amazon has just started offering Traditional Chinese books for its Ki
Why Luckin’s ultimate target may not be Starbucks
Starbucks plans to double its store count in China to 5,000 in 2021 and Luckin, a one-year-old coffee startup, is matching up by aiming to reach 4,500 by the end of this year. Luckin’s upsized $
Tencent’s latest education push is a nod to new collaborative structure
When Tencent announced it had formed a new education brand this week, the internet giant wasn’t just flexing its muscles to conquer China’s booming online education sector. The new initiat
Tencent CEO warns companies must keep innovating to survive amid US-China tensions
On Tuesday, Tencent’s usually low-profile founder and CEO Pony Ma made rare comments to weigh in on escalating tensions between the United States and China, calling domestic tech companies to bu
Smart TVs add fuel to Xiaomi’s Q1 earnings
Chinese smartphone company Xiaomi just released its first quarterly results since announcing its $1.48 billion pledge to focus on smartphones and “AIoT,” an acronym for Internet of Things
TikTok owner ByteDance’s long-awaited chat app is here
In WeChat -dominated China, there’s no shortage of challengers out there claiming to create an alternative social experience. The latest creation comes from ByteDance, the world’s most val
Baidu, China’s answer to Google, reports first quarterly loss since 2005
Baidu, heralded as the Google of China, felt the heat from its continued spending on artificial intelligence and other next-gen technologies that have yet to reach the mass market as it unveiled troub
China’s Tesla wannabe Xpeng starts ride-hailing service
There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to
Tech stocks slide on US decision to blacklist Huawei and 70 affiliates
The United States has been lobbying for months to prevent its western allies from using Huawei equipment in their 5G deployment, and on Wednesday, Washington made it more difficult for the Chinese tel
Alibaba returns to growth with revenue up 51% to $13.9 billion
It’s business as usual for Alibaba after the Chinese e-commerce giant bounced back from a lackluster Q3 — which saw its slowest growth for three years. For Q4, the company saw revenue surg
Tencent’s mixed bag for Q1: record profit despite weakest revenue growth yet
Tencent, Asia’s largest tech firm, had a horrific 2018 on account of a country-wide freeze on new game monetization in China, but there’s evidence it has turned the corner. The companyR
Huawei launches AI-backed database to target enterprise customers
China’s Huawei is making a serious foray into the enterprise business market after it unveiled a new database management product on Wednesday, putting it in direct competition with entrenched ve
JD.com to foster connected vehicle fleets with $55M investment
JD.com, the Chinese answer to Amazon and Alibaba’s long-time rival, is looking to further automate its logistics network after agreeing to pour 376 million yuan (around $55 million) into Jiangsu
Tencent’s new alternative to PUBG is already topping the revenue chart
In a move clearly driven by economic interests and an urgency to meet stringent regulations, the world’s largest games publisher Tencent pulled its mobile version of PlayerUnknown’s Battle