The divestitures add to the pressure on Chinese tech stocks after they staged a strong comeback from a multiyear trough thanks to a softening regulatory stance and an easing of Covid-19 restrictions.
TECHNOLOGY
China’s software sector sees revenue growth of 10.6 pct in Jan-May
China’s software and information technology service sector sustained stable growth in the first five months of this year, with revenue from software-related businesses up 10.6 percent year on year, …
China’s chemical fiber industry posts growth in revenue
China’s chemical fiber industry recorded an expansion in operating revenue during the first five months of the year, data from the Ministry of Industry and Information Technology showed. The combined …
NATO declares China a security challenge, Beijing says it is ‘gravely concerned’ over the observation
Brussels/Beijing: NATO has described China as one of its strategic priorities for the first time and even said Beijing’s ambitions and its “coercive policies” challenge the Western bloc’s “interests, …
China launches new Gaofen 12 Earth observation satellite
China has launched another in its series of Gaofen Earth observation satellites as it continues building out its space infrastructure. A Long March 4C rocket lifted off from Jiuquan Satellite Launch …
Tech war: China doubles down on domestic operating systems to cut reliance on Windows, MacOS from the US
China has created an open platform to accelerate the development of a home-grown desktop operating system, in its latest effort to shake off the country’s reliance on foreign systems such as Microsoft …
Hong Kong should fill tech void in China, push for removal of curbs on start-ups in bid to become country’s international I&T hub, industry players urge
Hong Kong can focus on high value-added technologies, attract talent to city and fill chip-making void on the mainland, says one industry expert Professor Dennis Lo of Chinese University says hurdles …
China Tech Rally Sends Insiders Rushing for Exits: Tech Watch
No one would have predicted it a few months ago, but Chinese technology stocks now are a rare pocket of strength in global markets. A wave of selling by corporate insiders is calling into question…
5G-Advanced Takes Off, Opening a New Chapter for 5G Globally
Advanced, which has been the focus of discussion during the recent World Telecom Day event: During this year’s World Telecommunication Day, the topic of 5G evolution attracted many operators’ …
China’s tech giants promise speculation-free NFTs
The future of non-fungible tokens is getting more clarity in China as the country’s tech giants come together to formulate standards for the nascent industry. The China Cultural Industry Association, …
Xi inspects Wuhan, stresses China’s self-reliance in science and technology
During his inspection tour in Wuhan, Hubei Province, on Tuesday, President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central …
China Tech Investor Defies Skeptics With $900 Million Fundraise
Venture firm IDG Capital is poised to raise about $900 million for a new fund focusing on investment in China, a rare feat amid skepticism about the political and market risks of Asia’s largest …
Three-stage engine of China’s new manned carrier rocket to enter prototype development
A three-stage engine of China’s new generation manned carrier rocket will go to prototype sample development, according to the China Aerospace Science and …