Huawei Technologies is stepping up efforts to turn its vast pool of patents into revenue through licensing arrangements with domestic companies, as the telecommunications giant seeks to offset the effects of US sanctions, reports Nikkei Asia. Huawei is communicating with domestic companies on patent licensing and expects to reach agreements in the near future, Fan […]
Category: Tech, Media & Telecom
China’s central leadership has given billionaire Jack Ma’s Ant Group a tentative green light to revive its initial public offering (IPO), two sources with knowledge of the matter said, in the clearest sign yet Beijing is easing its crackdown on the tech sector, reports Reuters. Ant, an affiliate of Chinese e-commerce behemoth Alibaba Group Holding […]
Xiaohongshu, known as China’s answer to Instagram, has invested in a US-based start-up developing a Web3 internet platform built on blockchain, despite Beijing’s hostility towards cryptocurrencies and digital tokens, reports the South China Morning Post. The Chinese social media platform with 200 million monthly active users this week took part in a $1.2 million pre-seed […]
Didi Global will trade on the New York Stock Exchange for the last time on Friday, ending a wild 11-month ride on the prestigious US market while leaving investors in the lurch about its future direction, reports Nikkei Asia. Didi shareholders voted overwhelmingly to back the company’s delisting plan on May 23 after the ride-hailing […]
Semiconductor equipment manufacturer Hwatsing Technology Co. Ltd. booked a blistering Shanghai STAR Market IPO debut on Wednesday amid a Covid-induced global shortage of microchips, reports Caixin. The Tianjin-based firm’s shares surged 72% in early trading, but gave back some of those gains over the course of the day to close up 64% at RMB 224.1 […]