As espionage scandals and the US campaign against Huawei shook Europe through the 2010s, EU authorities beefed up cybersecurity laws. Greece followed suit.
Heavy Hitters
China-made Tesla Model 3 explodes in a Shanghai garage
A collision with a manhole cover could have caused significant damage to the vehicle and triggered the subsequent incident, Tesla said.
New digital payment rules likely to hit Ant Group, Tencent
The new antitrust rules for China’s digital payment market could trigger a regulatory review of Ant Group and Tencent based on market share.
Jack Ma resurfaces amid regulatory clampdown
The Alibaba and Ant Group founder, Jack Ma, made his first public appearance in months at a video conference with rural teachers.
Pinduoduo blasted for user privacy breach, Luckin franchises: Retailheads
Pinduoduo is under fire again for deleting pictures from a user’s photo album without consent. Luckin opens up to franchises in lower-tier cities.
WeChat doubled mini program GMV in 2020
The Covid-19 pandemic accelerated consumer adoption of e-commerce on WeChat and powered growth, as confined shoppers spent more time browsing on the app.
China Tech Investor: From Alibaba & Ant to Xiaomi: Looking back at 2020, forward to 2021
James and Elliott review the winners and losers of 2020, what they got right and what they got wrong, as well as the lessons they learned.
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.
Tesla rivals rev up growth in China’s EV sector
NIO and its peers are prying open a window of opportunity to beat Tesla. But time is limited, and every company is sprinting to catch up.
PayPal now the sole owner of a payments firm in China
PayPal is the first foreign firm to fully own a licensed payment operator in China, as regulators seek to liberalize the finance sector.