Xiaomi asked the court remove it from a defense blacklist that bans Americans from investing in companies linked to the Chinese military.
Author: Wei Sheng
GGV Capital raises $2.5 billion as US investors chase China tech
GGV Capital’s latest capital raise comes amid an uptick in inflows to VCs as investors look to profit from China’s tech growth.
VC Roundup: Chinese tech firms are betting on chips
Chinese tech giants typically focus on the consumer market. But their appetite for early stage investments in semiconductors is growing.
Honor unveils first handset since Huawei split
The launch shows that the split is an initial success, as the Honor phone contains technology that Huawei still finds difficult to acquire.
Bytedance unveils Douyin mobile payment tool to rival Alipay, WeChat
Douyin Pay was recently added to the app, allowing users to buy virtual gifts for livestreamers and pay for goods on the app’s e-commerce platform.
US revokes licenses to sell to Huawei, to deny more: report
The US Department of Commerce has told Huawei suppliers that it intents to deny “a significant number of license requests” to Huawei.
Insights | Why ‘996’ just won’t go away
996 is still a problem in China’s tech industry. It’s brutal to employees, and it’s questionable whether overtime work pays off even for companies.
Xiaomi shares plunge after US investment ban
US investors will be prohibited from buying Xiaomi shares and will have to divest their holdings by November, according to the executive order.
NYSE changes course again, to delist three Chinese telcos
The NYSE said Wednesday it will stick to its original plans to delist three Chinese telecom companies after an earlier reversal of the decision.
Huawei to fall to seventh place in 2021 global handset rankings: report
Huawei is losing its status as a smartphone powerhouse in 2021, with a smartphone shipment forecast putting it in seventh place among global vendors.