Chinese search-engine giant Baidu said in an internal document that it has uncovered more than a dozen cases of “serious discipline violations,” including embezzlement and fraud, sources at Baidu told Caixin. The company has dismissed 30 employees involved in the illegal activities, and some cases have been referred to police. In other cases, individuals had […]
Category: Tech, Media & Telecom
Alibaba Group Holding delivery affiliate will continue to prioritize growth over profits as it builds the logistics network at the heart of the Chinese e-commerce giant’s global expansion, Bloomberg reports. While Cainiao Smart Logistics Network needs funds to continue its investment in its distribution network, it only wants the backing of investors who endorse its model […]
Chinese and Canadian scientists say they have successfully carried out a form of teleportation across an entire city. According to the South China Morning Post, the two teams working independently have teleported near-identical versions of tiny particles called photons through cables across Calgary in Canada and Hefei in Anhui province. The forms of teleported photons […]
Microsoft and Chinese technology giant Huawei Technologies are feeling the heat from each other’s government, according to The Wall Street Journal. Chinese antitrust regulators are investigating Microsoft, and Huawei has been shut out of the U.S. telecommunications-equipment market over concerns it might be a front for cyberspying. Now the two have joined forces in a […]
A Chinese venture-capital fund raised about 4.5 billion yuan ($674 million) in capital as the country’s top venture firms build up their cash piles amid a cooling environment for funding. Sinovation Ventures, co-founded by former Google and Microsoft executive Kai-Fu Lee, said Monday it closed two venture-capital funds: a dollar-denominated fund of $300 million – […]