China’s market share in the Russian smartphone market jumped significantly in May as manufacturers like Apple and Samsung paused new sales in Russia and Western sanctions weighed on the Russian economy, reports Reuters. Chinese manufacturers Xiaomi, Realme and Honor accounted for 42% of Russia’s smartphone sales in May 2022, up from 28% during the same […]
Category: Tech, Media & Telecom
ByteDance, the Chinese owner of the popular short video app TikTok, has seen its valuation drop by $100 billion over the past year to about $300 billion, according to sources and published deal offers, reports the South China Morning Post. The latest valuation of the technology giant, whose plans to go public remain up in […]
Nike’s running and working out app, Nike Run Club (NRC), has informed mainland Chinese users that it will end the service in the country next month, a move that follows similar announcements in China from Kindle, Airbnb and LinkedIn, reports the South China Morning Post. NRC, along with the Nike Training Club (NTC) app, notified […]
China’s regulator granted publishing licenses to 60 online games on Tuesday, in the biggest mass approval of titles for computers and smartphones since July 2021 in the country’s $49 billion market for online entertainment, reports the South China Morning Post. The approvals were the second batch of licenses handed out since the 45 titles given […]
China is concluding a yearlong probe into ride-hailing giant Didi Global and preparing to lift a ban on adding new users, people familiar with the discussion said, the latest sign Beijing wants to spur economic activity from its beleaguered tech giants, reports The Wall Street Journal. Chinese regulators plan as well to allow the mobile […]